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San Mateo : Real Estate Advice

  • All200
  • Local Info18
  • Home Buying79
  • Home Selling15
  • Market Conditions3

Activity 232
Mon Jan 23, 2017
Grace Mgrdechian asked:
someone created a bogus listing based on a listing I had on Zillow... I have removed it but now, cannot recreate it with the appropriate mls #. please help.
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Fri Dec 30, 2016
Sheryl Arndt answered:
Hello Mterickson, be very cautious. The rentals in San Mateo start from $1,200 for 2bd 2ba apt and up.

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.

You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

If you decide you want to buy 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 documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040s, 1099s, W2s and all schedules, copies of drivers license/ID and social security card for each applicant.

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 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.

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 417k. 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 417k.

You may consider 5% down Jumbo with a minimum 720 fico score from 417k up to 1.5 million and 10% down from a minimum 680 fico score and up.

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.

The purchase in San Mateo start from 338k for 1bd 1ba condo and up so if you decide to buy you may want to research nearby cities prices as well.

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
... more
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Mon Oct 31, 2016
Alexander Greer answered:
The best program right now for FTHB is the HomeReady program from Fannie Mae. It lets you go up to 97% LTV. There is also the Freddie Mac HomePossible program that allows for only 1% down. Both have these programs can have no MI if you choose.

Alex Greer
Loan Officer
NMLS #1056079
... more
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Wed Oct 19, 2016
Shelley Sansbury asked:
Sun Sep 4, 2016
Rich Reed answered:
You could check here
and here
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Sat Sep 3, 2016
Crystal Saunders asked:
Great apartment, brand new. Hardwood floors, bike storage, Wi-Fi in apt. We need to go to Austin to help with our grandchildren.
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Fri Aug 26, 2016
Den.rivers answered:
Have you tried to post your property on Rentberry? I listed my apartment there and I don't have problems with editing my listing. The updated info appears on site right away.
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Sun Aug 21, 2016
Aja Walker asked:
Is there anyone willing to rent a 3/1 or 3/2 accepting voucher? Looking to stay as close as possible to Menlo Atherton highschool.
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Tue Aug 9, 2016
Hudp93 answered:
They will take more, just ask
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Fri Jul 1, 2016
USMortgageRanger answered:
Hi Ann,

You would be able to use the income from the first job as you have establish 2 years or more of income from that job, but the income from the 2nd job could not be used to underwrite the file as you have not demonstrated any ability to work this job for any period of time and can quit anytime. The income however will be used a compensating factor in the underwriter decision.

I would be delighted to provide you with some mortgage options, this does not require us pulling your credit and will allow you to make the best decision for your family. I can be contacted for a FREE no obligation consultation.

Lowell Sterling
Mortgage Banker
NMLS 968898
Phone 469-347-3572
... more
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Fri Jun 24, 2016
Marchalabanks asked:
Are there any two bdrm in San Mateo county that will accept a section 8 voucher?
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Wed May 25, 2016
Arpad Racz answered:

It depends on a lot of factors. I would suggest contacting a local contractor or architect. Do you have one in mind already?

Kind regards,

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Thu May 5, 2016
Rich Reed answered:
CA law requires school districts to provide an education to any student who resides within the district’s attendance area. Although students have the right under California law to a free, public education, the law does not guarantee that a student can attend the school of his or her choice, or even the neighborhood school. ... more
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Fri Apr 22, 2016
Tinoresident answered:
If you are building a prefabricated house that meets California Building Code (CBC), it is considered as a site build home. You should not have issues with the local building departments. Below is a link to State of California Publication that you can refer to:

I built a prefabricated home in Cupertino back in 2009, the building permit process was quick and smooth.

I have seen prefabricated houses being built in Palo Alto, Menlo Park, Cupertino, Santa Clara and San Mateo. As far as I know, these cities treat the building permit process just like regular construction.
... more
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Tue Jan 19, 2016
Mmts889 asked:
because the pavement issue. The inspector claimed that she could see the pavement through real estate website.
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Thu Nov 12, 2015
Bryan asked:
In my area (SF Bay Area), the school ratings do not match the data on When will this data be updated?
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Wed Nov 11, 2015
Arpad Racz answered:

Ask your auto insurance company if they have home insurance.

All the best,

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