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Financing in Stockton : Real Estate Advice

  • All457
  • Local Info49
  • Home Buying185
  • Home Selling17
  • Market Conditions14

Activity 21
Atxaviermar…, Real Estate Pro in New York, NY
Mon Aug 29, 2016
Atxaviermartin answered:
I need to know what is your main criteria which financing or buying a house ? A decent living space or a stove or a oven which can be later incorporated. A conventional loan is good if you are a civilian but why ignore the advantages of a VA or FHA loan if you happen to be a veteran or an active duty member. ... more
0 votes 11 answers Share Flag
,  in
Fri Oct 16, 2015
answered:
Karen Peyton makes some excellent points. The answer to your question is that a foreclosure in 2009 would not stop her from cosigning, how ever it could limit the programs that are available.
Call my office if you want to go over the exact situation and see if I can do it for you
714-968-2500
... more
0 votes 2 answers Share Flag
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Mon May 26, 2014
Brian Nguyen answered:
It seems that your scores in your range should work. Lenders like myself can go as low as 580 when it comes to credit scores. Of course, your other finances will need to be in place as well including your income, debt, assets, employment, expenses, etc. The best thing for you to do is to speak with a knowledgeable lender like myself to see if you can get started on financing a new home. If you need additional assistance, feel free to reach out. Good luck!

Brian Nguyen
Sr. Mortgage Banker
NMLS # 659743
Phone: 949.667.2887
brian.nguyen@nafinc.com
... more
0 votes 6 answers Share Flag
Dorene Slavi…, Real Estate Pro in Torrance, CA
Fri Feb 21, 2014
Dorene Slavitz answered:
Call your lender and modify your loan. Your only other option is to short-sale the property, but currently lenders are working with homeowners to prevent this.
0 votes 3 answers Share Flag
Raj, Home Buyer in Bakersfield, CA
Mon Feb 17, 2014
Raj answered:
catfish.ente…, Other/Just Looking in 95209
Sun Jan 26, 2014
catfish.enterprises asked:
Ron Thomas, Real Estate Pro in Fresno, CA
Tue Jan 7, 2014
Ron Thomas answered:
Having seen the results; I emphatically recommend buyers get Impounds:
And I don't care if there is Interest or even Fees; small in comparrison to getting behind on Taxes or Insurance.
1 vote 6 answers Share Flag
Kim Salaices, Real Estate Pro in Stockton, CA
Tue Jul 31, 2012
Kim Salaices answered:
Hi Amy,

Carolyn Ente @ CalFirst just helped another client with similar circumstances and they are now in contract and on their way to homeownership. Give her a call at (209) 298-1003.

Best regards,

Kim Salaices
taffeco Real Estate, Inc
(209) 298-1722
... more
0 votes 5 answers Share Flag
,  in
Wed Apr 11, 2012
answered:
I can do FHA loans on a flip, there are some restrictions: must be owner occ. Requires 2 appraisals one must be paid for by the seller, and we review the home inspection, the buyer can not pay for the home inspection until closing. ... more
0 votes 7 answers Share Flag
CJ Brasiel, Real Estate Pro in San Jose, CA
Thu Dec 1, 2011
CJ Brasiel answered:
Doll -

Review the loan modification paperwork with a real estate attorney and local loan officer before signing. Understanding the details, whether or not this is a recourse/non-recourse situation, as well- predictions on recouping the $46K in future appreciation.

Good luck!
CJ
... more
0 votes 8 answers Share Flag
Rocky G.H. H…, Real Estate Pro in Ripon, CA
Tue Aug 30, 2011
Rocky G.H. Hawrysz answered:
Sounds like this question will take some research (calling several banks) or you may want to reach out to a mortgage broker.

I hope this helps,

Rocky

Rocky G.H. Hawrysz
Prudential California Realty
P:(209) 444-6610
F:(209) 433-2000
rocky@prucalifornia.com
www.TeamHawrysz.com
Lic: 01468373
... more
0 votes 5 answers Share Flag
Tonya Brobeck,  in Everett, WA
Sun Oct 31, 2010
Tonya Brobeck answered:
For more information and links on this, please see
0 votes 2 answers Share Flag
Rudy McDowell, Real Estate Pro in Bloomfield Hills, MI
Mon Sep 13, 2010
Rudy McDowell answered:
Hi, Phyllis

That depends on your circumstances for purchasing another home. FHA is doable only if you can show a legitimate reason for leaving your current primary home. The acceptable ones are: needing a larger or smaller home due to increase or decrease in family size. Needing to go from a two stories to a single stories due to physical ailments, impairments, or age. Job relocating to another city or state over 60 miles one way away. You won't recieve one simply because your upside down in your current home. The same applies for CONV/FANNIE MAE financing as well. ... more
0 votes 3 answers Share Flag
Randy Baez…, Real Estate Pro in Stockton, CA
Mon Apr 19, 2010
Randy Baez * Top Agent answered:
Hi Nikki, Seller financing and lease options, as mentioned earlier by Richard, are definitely routes to go if you have credit challenges that banks are unwilling to accept. We actually have a rare seller financing opportunity. We have an entire gated community of improved home sites in Stockton that are free and clear with the seller willing to carry paper. Six of these exclusive home sites are on the river front with boat docks and access to the deep channel. You can also have your Realtor search for other seller financing opportunities when they become available. ... more
1 vote 4 answers Share Flag
Rudy McDowell, Real Estate Pro in Bloomfield Hills, MI
Mon Apr 19, 2010
Rudy McDowell answered:
Rollow484342

Although FHA guidelines do not require an appraisal or a certain credit score to streamline, given what happening with home values today, lenders now do. Right or wrong, fair or not, that's the way it is for now, and I don't know any other lenders or brokers that have not followed suit. Especially in MI, CA, FL, and Ohio. ... more
0 votes 2 answers Share Flag
Travis Willi…, Real Estate Pro in Tucker, GA
Mon Apr 12, 2010
Travis Williams answered:
Kathryn Vats…, Real Estate Pro in Stockton, CA
Fri Sep 25, 2009
Kathryn Vatsula answered:
Every lender is diffierent, imortgage average closing times on all loans is 30 days or less. FHA doesn't have to be difficult at all. However, sometimes the seller takes a bit to get their papers signed. Other times, there might be issues with the property itself or some city violations that cause delays.

Kathryn Vatsula
Imortgage
3555 Deer Park Drive #100
Stockton, Ca 209-609-9000
... more
0 votes 11 answers Share Flag
Hannah Flieg…, Real Estate Pro in Larkspur, CA
Sat Jul 4, 2009
Hannah Fliegel answered:
Hi Christina,

There are a few cases where the lender will lower principle. If you qualify for the FHA programs, or if in the originial loan docs there were violations and your attorney used those violations to negotiate your principle write down loan modification.

Are you kicking the can down the road by accepting this interest only payment for 5 years and not chewing away at the principle? What is your goal to own a home or keep this home?

This website might help you, it was filmed in Sacramento by the way. Good luck!
... more
0 votes 9 answers Share Flag
Rocky G.H. H…, Real Estate Pro in Ripon, CA
Tue Jan 20, 2009
Rocky G.H. Hawrysz answered:
Hi Laurie,

Approx. Monthly Payment $1,131.90
Not including Tax and Insurance.

Make sure to double check with your lender for terms.

Warmest Regards,

Rocky G.H. Hawrysz
Broker Associate, Realtor, e-Pro
Prudentia California Realty
... more
0 votes 2 answers Share Flag
Bill Eckler, Real Estate Pro in Venice, FL
Tue Oct 14, 2008
Bill Eckler answered:
Sue,

You should be OK since most lending agencies are currently requiring between 30 and 40% down for foreign national loans.
1 vote 7 answers Share Flag
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