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West Covina : Real Estate Advice

  • All81
  • Local Info6
  • Home Buying16
  • Home Selling5
  • Market Conditions1

Activity 71
Wed Jul 26, 2017
Fredray3714 asked:
Tue Jul 11, 2017
Nalsammah answered:
Hello,
I am wondering how much down do I need to be able to get approved for a home loan without proof of income? credit score is 771.
0 votes 5 answers Share Flag
Wed Mar 1, 2017
answered:
Hello Jan, you should check with the local rental management companies. 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 rentals in West Covina start from $1,200 and up, Baldwin Park start from $1,350, Monrovia from $1,395, El Monte from $1,053. Agents use http://www.Realtor.com as the listings there are directly from us agents.

http://www.realtor.com/apartments/Monrovia_CA/beds-1/affordable

If you have had Section 8 for one year you may even qualify to buy with Section 8 Homeownership program so check with your case worker and if you do I do the loans.

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 some documentation 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.

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 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.

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
1 vote 1 answer Share Flag
Sat Dec 24, 2016
answered:
Hello Tonisowell, you did not mention how much your voucher was and the maximum payment you are looking to achieve. Here is a link to all the 4 bedroom choices in West Covina, Covina and La Puente up to 3k monthly. You will have to contact them for qualifications and go direct.

Covina http://www.realtor.com/apartments/Covina_CA/beds-4/price-na-3000
West Covina http://www.realtor.com/apartments/West-Covina_CA/beds-4/price-na-3000
Nothing came up in La Puente at this time under 3k monthly as the inventory is quite low.

You should check with any local rental management companies for their inventory as well. If you have received Section 8 for one year or more you may consider the "Homeownership Voucher program" if you qualify. Check with your social worker to see if they offer it and if you qualify.

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
0 votes 1 answer Share Flag
Thu Oct 20, 2016
Arpad Racz answered:
Hi,

Do you have a favorite local title company that you have worked with before?
They would likely be able to give you more information on how the could help you.

Kind regards,

Arpad
... more
0 votes 3 answers Share Flag
Fri Oct 14, 2016
Rich Reed answered:
Are you currently represented by a Realtor? This would be a good question to ask your agent. If you're not currently being represented by a Realtor, and you would like advice from a real estate expert in the San Gabriel Valley, contact me through my profile.
Generally, "When in doubt, disclose." If you think it's important enough to ask the question, then disclosure would be advised. If the disclosure is not important to the buyer, then it will be of no consequence. It the disclosure is of concern, it is better to resolve it and avoid a lawsuit on whether the disclosure should have been made as a material fact.
If the seller has actual knowledge, regardless of whether it occurred prior to ownership, the seller must disclose all known material facts.
I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney.
Thanks!
... more
1 vote 1 answer Share Flag
Thu Sep 8, 2016
Rich Reed answered:
You probably need some professional help from an attorney or a Registered Unlawful Detainer Assistant. The eviction procedure must be followed precisely or you will waste a lot of time. I can recommend a service with reasonable fees. Contact me through my profile. Best of luck! ... more
0 votes 4 answers Share Flag
Wed Jun 8, 2016
answered:
Hello Govea89, yes you may qualify for FHA programs 2 years after a BK. You may consider the 3%-5% Sapphire Grant down payment assistance program. You can close with minimum out of pocket expenses from a minimum 620 fico score.

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.

The purchase in West Covina start from 304k for 2bd 2ba condo and the single family homes start from 399k for 3bd 1ba home.

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 3 answers Share Flag
Wed Jun 8, 2016
answered:
Hello Mhouston7, the rentals listings in my mls for West Covina start from $1,900 for 2bd 2.5ba condos and the single family homes start from $2,370 for 3bd 2ba home. You should check with the local rental management companies for their inventory as well as consider other neighboring cities.

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.

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 to buy 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.

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 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. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

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 1 answer Share Flag
Fri Mar 11, 2016
Arpad Racz answered:
Hi,

I do not work in that area at all, but would be happy to have a general conversation with you on some good interview questions for when you are interviewing agents. Please feel free to email me from my profile.

Kind regards,

Arpad
... more
0 votes 3 answers Share Flag
Thu Feb 18, 2016
Diane Christner answered:
Generally speaking, someone having died in a home is not an event requiring seller disclosure.
0 votes 1 answer Share Flag
Tue Sep 15, 2015
Cindy Davis answered:
In California, we are required to disclose a death int the past 2-3 years. Some buyers will be turned off, but others will be just fine with it. If the house is in good, appealing condition, you should be fine. ... more
0 votes 3 answers Share Flag
Sun Aug 2, 2015
Rickysmalley4500 answered:
Wells fargo are not to be trusted. When my refinance came due they automatically rolled it into a 30 year fixed mortgage at a high interest rate. They claimed it was a bad debt to worth issue. So they never informed me of the change added a bunch of hidden expenses and want $200 more a month than anyone else. I had to close my checking because they were scamming me for late charges by holding up my auto deposits and holding pending payments til the combination ran the account low enough to become negative. Then they dumped the pending transactions all at once charging $35 per hit. ... more
0 votes 12 answers Share Flag
Sun Jul 26, 2015
answered:
Hello Sylvia, the rentals in West Covina start from $825 for 1bds 1ba apartment, $1,599 for 2bd 1ba apartment, $1,750 for 3bd 1.5ba apartment and the single family homes start from $1,750 for 2bd 1ba home.

The purchase start from 258k for 2bd 1ba condo, 314k for 3bd 1.5ba condo and the single family homes start from 339k for 3bd 1ba which is as low as $1,700 down payment with a minimum 640 fico score @339k.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve you can be emailed listings to study and compare. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

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.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program from a minimum 640 fico score 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 will need to be pre-approved if you decide to buy and to be able to meet an agent to view and submit offers on any homes of your choice. 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.

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
22+ 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

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 2 answers Share Flag
Mon Apr 20, 2015
Nora Moore answered:
You should definitely take the age of the furnace and roof into consideration. All of the components of the house should be thought over when it comes to the value and cost of a home. It would probably be a good idea to have someone inspect those things before you make a final decision on your price negotiations. It's always best to play it safe when it comes to buying and selling homes like that. http://www.normsmobile.ca/furnaces.html ... more
0 votes 8 answers Share Flag
Mon Dec 1, 2014
answered:
Hi Jackie,

Since California is a community property state, If you're getting an FHA loan or a VA loan they have to run your dad's credit report. If you're getting a conventional loan, they do not have to run his credit, however the lien will come up when the title company runs their search. It would be a good idea for your dad to make payment arrangements now.

Best regards

Elva A. Wormley
Mortgage Consultant
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / CA BRE #01274093
... more
0 votes 3 answers Share Flag
Sat Aug 2, 2014
Everardo Orozco answered:
best way foods on nogales blvd and puente, vons off of lemon blvdand puente, Bodega Ranch Market on valley and azuza, stater brothers off of grand and amar rd, 99 ranch on nogales and gale, and albertsons on colima and fairway dr. ... more
0 votes 4 answers Share Flag
Mon Jul 7, 2014
Carol asked:
Looking for a property in west covina, ca that excepts sec 8. My voucher limit is for 1,050. Thank you
0 votes 0 Answers Share Flag
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