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Financing in San Diego : Real Estate Advice

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  • Local Info150
  • Home Buying972
  • Home Selling106
  • Market Conditions78

Activity 190
Thu Sep 21, 2017
Marty Kuhn answered:
Someone suggested using Wells Fargo and or Quicken Loans because the closing is cheaper.

These companies will royally screw in the long and short term. All to save a few dollars in the near term. DO NOT EVER borrow money from WELLS FARGO. You will lose in the end. If you want to borrow money get it from somewhere local that allows you to see a face to face. Wells Fargo has a long long history of very unhappy customers. ... more
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Fri Sep 8, 2017
Dfacello asked:
I have a 4-unit property that brings in $144K/yr in gross income. Expense-wise my mortgage payment runs $55K/yr and PITI runs about $15K/yr for an obligation of $70K.
Which of these scenarios…
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Thu Sep 7, 2017
Kathy Burgreen answered:
The issue is modular homes on land is NOT common in NJ and you will have extreme difficulty selling it whenever that time comes. Buyers in the Mid Atlantic states are not interested in modular homes because they have no value at all. Another issue is the weather. If you're from San Diego, I can understand the popularity of modular homes because the weather is constant. However, in NJ, modular homes will not hold up under the weather. We have severe winters - strong gusty winds, ice, snow and rain. Spring and summer with gusty winds, heavy rain and summer heat and humidity. Then NJ had to cope with Hurricane Sandy several years ago. A modular home would get destroyed under a hurricane's strong winds.

Do yourself a huge favor - forget the modular home and either rent or buy a regular home, condo or coop. At least you will be safe.

As for lenders, most lenders will refuse to finance a modular home in NJ. Too risky.
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Mon Aug 14, 2017
Susanmorganjr answered:
Have been battling my credit scores and repair companies for awhile , my lack if credit management ill say affected the choices i made with my credit history, i needed my credit score improved from 580 ,511 and 573 ,i needed my score to be in the 700 plus A colleague told me about HACKWIZatPROTONMAILdotCOM , well have lived all my life in bad credit ,i had nothing to lose ,to my surprise after giving the required information i was informed to my understanding about the process, ALL my late payments, inquires ,collections and public record were completely removed from my credit report and in less than six week ,i watch my score grow to 752,720 and 708.if you're in this too, you can hit them up and thank me later. ... more
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Mon Jul 10, 2017
Hello Ray, not a problem. There are many banks in the line up with options to discuss.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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Thu Jun 1, 2017
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Tue Apr 25, 2017
Cincitybda asked:
I'm a 30 yrs old dual citizen but never lived in U.S. so have no credit there. Moving to U.S. within yr or so but want to buy a house now.
0 votes 0 Answers Share Flag
Wed Mar 8, 2017
Hello Gail, I am a lender here at HomeStreet Bank in San Diego and we have various programs to offer which all vary in the highest DTI allowed. Anywhere from 41-50%, if this is at all attractive to you, please give me a call and I can assess your financial portfolio to gauge which program would be the best fit for you.

Niki Campbell
Web Reference:
NMLS: 502247
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0 votes 3 answers Share Flag
Thu Oct 6, 2016
Elviah.navarro answered:
Any lenders in Los Angeles CA, that are willing to approve loan with a condo in litigation? unable to put 20% down :/ please advise.
0 votes 21 answers Share Flag
Tue Sep 20, 2016
30% down is generally a sufficient down payment for a residential property for most hard money lenders.

North Coast Financial is able to lend up to 75% of the purchase price of a residential property.

Once enough time has passed since your BK you will be able to refinance into a lower cost conventional bank loan.
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1 vote 10 answers Share Flag
Tue Sep 20, 2016
North Coast Financial is able to consider hard money loan requests in these areas. Land loans are extremely difficult to get funded right now.
0 votes 2 answers Share Flag
Tue Sep 20, 2016
North Coast Financial is able to lend to foreign nationals for investment property. A down payment of at least 25% is required. To begin, the borrower would need to fill out a standard loan application. ... more
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Sun Sep 4, 2016
Susie Kay answered:
Typically 3-6 months, depending upon the market.
0 votes 4 answers Share Flag
Fri May 20, 2016
They just raise your rate, well so yes, you are still paying it, ;but at least you can write it off.

I have 0 down programs with low rates and no PMI. I also have lower down loans with no PMI. Again all of these loans do have a higher rate.

The advantage of a conventional with PMI is that you can get rid of it eventually.

Call me to go over your options so you know your choices.


Lic 287206 equal housing lender

If you are a broker / banker who want to offer our zero down nonconforming products, please call
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Tue Apr 26, 2016
That is a high interest rate for a VA loan.

I do not check replies, so if you have a comment or question email me here:

Alex Greer
Loan Officer
NMLS #1056079
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Tue Jan 12, 2016
The credit model is such that within a 30 day period as long as the entity pulling your credit is a mortgage lender, your credit score will not be impacted.
This allows you to show for a lender.
Be careful, you will be impacted on that 31st day. Each credit report that is run after that 31st day will effect you, as well.
Wait 90 days from the first 30 days and your credit, once again, will not be effected.
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Fri Oct 9, 2015
When you get your credit checked for a mortgage, it opens a 30-day window so you can have your credit checked by other lenders without having further negative impact on your score. So the first inquiry will ding your score, usually a few points... but then for the next 30 days you can have your credit checked by other lenders and their inquiries won't lower it any further. But on day 31 if you get your credit checked again by a mortgage lender it'll hurt your score again.

Shane Milne | Lending in all 50 states | NMLS #81195 | 949-273-4161 direct
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Thu Oct 8, 2015
Valli Lopez answered:
Usually the front end needs to be under 46% to get "DU" to accept the loan as approve/eligible. There are compensating factors that help DU read you as less risky and you can go slightly over 46% on the front end. Most lenders can go up to 60% on the back end not understanding that the front end matters too. Call me if you need my help.

Valli Lopez
NMLS 980530
... more
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