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Financing in Santa Ana : Real Estate Advice

  • All241
  • Local Info16
  • Home Buying80
  • Home Selling14
  • Market Conditions6

Activity 12
Fri Jan 2, 2015
There is a question of whether you are buying in Santa Ana or NJ.
But on FHA there is an up front cost of 1.75% that is added to the loan amount. So if you borrowed $100,000 you would need to put up $3,500 and so $96,500 + 1.75% = $98,188.75. The there is a 1.35% annual fee paid monthly or $1325 which comes to about $110 a month.
Furthermore I have a loan program that will lend you most of the down payment. So you would only need to come in with $500 not $3500. I can only lend in California not New Jersey.
If we get a good realtor, then we can have him / her ask the seller to pay your first month's interest, tax and insurance impounds. You can move in with only .5%. up to 417,000.
So about $2085 will move you in.
I have to say most people bring me their cousin the realtor who knows everything and yet can't write the offer to include this stuff properly and so they turn it into a nightmare. They need to work with me when they write the offer to get it correct. I have realtors who I can refer you to .
So if you are buying in California and want this program, I can help you.
Sophisticated Financial
Rich Littlefield
Mortgages / Business Funding/ Real Estate
9555 Warner Av. D Fountain Valley Ca 94708
office 714-968-2500
cell 714-421-1037
Fax 714-844-9202
Licensed by the CA Department of Real Estate License 01080071 NMLS License 287206
Equal Housing Lender
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0 votes 4 answers Share Flag
Wed Dec 10, 2014
Dan Tabit answered:
I think what you're asking for is a policy to pay off your mortgage should you die or are incapacitated. This is a different product than mortgage insurance. You may find some options through your standard insurance carrier or just get life insurance.
Insurance specifically attached to loans for this purpose are typically more expensive than other options, but get an insurance agent's views before you decide.
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0 votes 2 answers Share Flag
Wed Dec 11, 2013
Jamie Tian answered:

You did not give an address to the house you are referring to.

Feel free to email me at or give me a call at (310) 717-1321 and I would be happy to find out more information about the house you are referring to, or set up a viewing. I would also be happy to send you a list of properties that are currently on the market that fit your price range and search criteria.


Jamie Tian
Rodeo Realty
(310) 717-1321
BRE #01920120
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1 vote 5 answers Share Flag
Wed May 8, 2013
Rocio Medel answered:
Dear John, The property needs to build equity before you can refinance, so it is not a set time, it depends in the economy. Most lenders will lend you 80% of the appraised value. Also, what is the reason you need to refinance, if your interest rate is at 4% most likely the interest rates are going up, not down.
I recommend refinancing only if you are getting an interest rate 1.5 less than what you have, to make it worthwhile your expense.

I am a realtor with 26 years in the business, I hope my information helps you.

Rocio Medel
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0 votes 7 answers Share Flag
Thu Jul 26, 2012
I am an expert in helping people fix their credit. If you would like to contact me there is no charge or obligation, glad to help. I am a loan officer though you could reward me with your mortgage once you qualify if you want. ... more
0 votes 6 answers Share Flag
Sun Aug 21, 2011
Keith Jones answered:
What you may have is an adjustable loan that is fixed for 3 years and that you will be eligible to refi in 6 months, not that you are guaranteed a refi in 6 months. Find out now, If that is the case I would advise exploring fixed rate options with a comfortable long term payment at the 6 month period. You also need to find out if there is a prepayment penalty and if so, address that with your lender. A lot can change in 3 years. Proceed with caution. Many people who have lost their homes started with the "Take this loan now and there will be something better for you later" promise. For these people, later never came. ... more
0 votes 8 answers Share Flag
Fri Jun 25, 2010
Phillip Schaefer answered:
Yes! If you have equity and you do and good credit. I live and work in Santa Ana. My Bank of America rep says no problem. If you would like to know more stop by my Open House Saturday afternoon @ 2535 N. French!
Hope to see you there.
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Wed Apr 29, 2009
Tv On Your Computer answered:
I dont approve of it but there are tons of software i found that are trustworthy including the following link, maybe you can give it a shot. They were great to me, i purchased it for 20 dollars ... more
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Thu Sep 4, 2008
may answered:
Bill Eckler: Thank you, Bill, for your suggestion. I will check it out with my bank manager here in Australia. Although a lot of times, I often have to educate her instead of the other way around - as we have investment properties in Australia.

Marty: Thank you, for your reply. I will email you with questions.
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Thu Mar 20, 2008
Erica Burns answered:
if you are a first time homebuyer look at this web page that you might find helpful in finding a program to suit your needs
0 votes 8 answers Share Flag
Thu Jan 24, 2008
Sandra Carlisle Ayers answered:
Hi Maggie,

You are one of many in this situation and I would like to offer you this phone number (714) 394-0506. This is Nate Lindsey's phone number and he is the lender I refer to anyone with questions. I've known him for two years and he is, hands down, a lending genius! Everyone I have had contact him has come away more knowledgeable and everyone who has used him, will use him again or will refer him to their friends and family.

What I like about him is that if it isn't a good time for you to refi, he will tell you. (He told this to one of my clients yesterday and I even have my parents coming to see him today.) He actually trains CPA's so isn't your run-of-the-mill lender. I hope you find the solution you are looking for, but please don't wait until the last minute when you cap on that negative am.
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