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San Bernardino : Real Estate Advice

  • All174
  • Local Info10
  • Home Buying66
  • Home Selling9
  • Market Conditions6

Activity 203
Mon May 1, 2017
Donald D. Hensel answered:
North Coast Financial has over 35 years of experience providing hard money loans throughout Southern California and offers a variety of hard money loan types including fix and flip, cash out refinance, estate and trust loans, investment property loans and owner occupied hard money loans just to name a few. ... more
1 vote 6 answers Share Flag
Mon Mar 13, 2017
Luplovalencia69 asked:
Fri Mar 3, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

We need a 600 but if your score is below that we may be able to raise it quickly.

We have a credit score simulator that shows us how to get your score up fast. We can usually raise someone scores in 3-5 business days depending on what needs to be done to raise the score.

Your interest rate will also benefit from the score being as high as possible.

If you have any other questions or would like help with this you are welcome to get in touch with me.
... more
0 votes 1 answer Share Flag
Wed Feb 8, 2017
Sheryl Arndt answered:
Hello Cree, there are not any good rent to own programs. They are very risky and require from 10% down and up and also 3% additional fees and the rent goes up annually until you qualify to purchase. You may already qualify for financing with low down payment or even no down payment and closing cost with assistance.

Do you know what your fico scores are? Do you have two years work history at the same job or same industry? Do you have down payment and closing costs saved or do you need down payment and closing cost assistance? You may qualify to buy and pay less than rent.

The purchase in 92404 zip code of San Bernardino start from 62k for 2bd 2ba condo and the single family homes start from 150k for 2bd 1ba home. You may qualify to buy with minimal out of pocket expenses with down payment and closing cost assistance programs.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

The purchase in Salinas start from 190k for 2bd 1.5ba condo, 239k for 4bd 2ba condo and the single family homes start from 249k for 2bd 1ba home. You may qualify to buy with minimal out of pocket expenses and pay less than rent.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

If you are buying a primary residence you could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k.

You may qualify to buy FHA with NO FICO scores with alternative credit. You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Sun Nov 20, 2016
The Best Realty Team answered:
100% Financing!!!! BELOW IS THE BENEFITS AND QUALIFICATIONS FOR VA LOANS!!!

VA Mortgage Loans are available today for both honorably discharged Vets and active duty military personnel. Here are some of the great features of this fantastic program:


WHAT ARE THE BENEFITS?

- Up to 100% financing, with no down required.

- No monthly mortgage insurance added to your payment.

- More lenient credit qualifying standards than other types of mortgage loans.

- Low rates compared to other loan programs.

WHAT WILL YOU NEED TO BE APPROVED?

-Order your Certificate of Eligibility. A Florida VA loan lender can order your COE quickly for you, or you can go directly to the VA to obtain a copy. If discharged, you will need your DD214. The next step is to get pre-approved with an experienced VA lender.

-2 years tax returns

-Last 2 paycheck stubs

-Last two bank account statements

-600+ credit score (typically 640 is what most lenders look for)

-Same line of work for the past two years

-Money for closing costs


Please contact me and I will put you in touch with the best VA lender!!!
Andrew 954-394-7185 (prefer text first)
AndrewLtherealtor@gmail.com
... more
0 votes 12 answers Share Flag
Thu Sep 8, 2016
Allcasaramonasb asked:
Tue Aug 30, 2016
Sheryl Arndt answered:
Hello Brenda, you did not leave an address or link to know which home you are speaking of?

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
0 votes 1 answer Share Flag
Sat Aug 27, 2016
answered:
Do not turn of the utilities, basically they are in the seller's name, not sure you could turn them off, but it is illegal if you did. Now they may have changed it, but sellers that squat, used to be considered trespassers and you could call the Sheriff and have them escorted off the property. But they may have changed that. You may want to call the Sheriff's dept, they may be able to direct you.
While this is not true for renters in the home, only sellers. At least that used to be the rule. They keep changing the rules lately.
... more
0 votes 1 answer Share Flag
Wed Aug 24, 2016
Arpad Racz answered:
Hi,
Perhaps someone is referring to Resale Properties on the MLS vs. New Construction.
Kind regards,
Arpad
0 votes 1 answer Share Flag
Tue Aug 23, 2016
Arpad Racz answered:
HI,
Your loan agent may have more details on loan programs that may work for you.
Kind regards,
Arpad
0 votes 8 answers Share Flag
Sat Aug 13, 2016
answered:
Trulia, has a sister company Zillow which I think reports that. Trulia may report it too. look up the property.
0 votes 1 answer Share Flag
Thu Jul 21, 2016
Sheryl Arndt answered:
Yes of course, everything in real estate is negotiable. Make sure you get it all in writing.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
0 votes 1 answer Share Flag
Wed Jun 8, 2016
Sheryl Arndt answered:
Hello Hectorkahlo, it is up to you and your credit profile? Do you have funds for your down payment and closing costs or do you need down payment and closing costs assistance?

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
0 votes 2 answers Share Flag
Fri May 27, 2016
Ralphedwards2430 answered:
Thu May 12, 2016
answered:
Sorry to hear about that.

Many brokers such as myself offer do offer to cancel the listings on request. I looks like people should get that in writing. To get the most action against an agent, you should call the local board of Realtors. They have a stake in being sure that Realtors have a good reputation. They come down on the Realtors harder than the State does actually. They can fine them, cut them off from the MLS and yes force them to cancel the listing. ... more
0 votes 1 answer Share Flag
Wed May 11, 2016
Erivera9310 asked:
What are some thing that we should be looking for when going to view homes for purchase? Or things we should be asking?
0 votes 0 Answers Share Flag
Mon Apr 18, 2016
Alexander Greer answered:
Who knows. Pull your credit and find out.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 2 answers Share Flag
Sat Apr 2, 2016
Samira2424 answered:
I have a great recommendation if your concerned about your credit report and score. Call 1-800-368-4193 make sure you ask for Alicia. Worked with her last year to help remove inaccurate items on my credit report. When I was first referred to her my score was 480, 432 & 466 after 1 month it went up 39 points and in about 5 months 109 points. She is very knowledgeable on ways to legally make both the credit bureaus and creditors do the right thing, and in doing so the items fell off my credit report its been 9 months now I'm at 755 750 and 720 with Experian, but I'm still a satisfied client all I did was follow her advice. Oh she also has portal access so I saw exactly what was being done with my credit and I was able to message her when I had questions from within the portal. ... more
0 votes 3 answers Share Flag
Thu Feb 11, 2016
Yolanda Plunk asked:
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