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Home Buying in Yucca Valley : Real Estate Advice

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  • Home Buying17
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Activity 23
Thu Jul 6, 2017
Nonyakincern asked:
I want to buy some property in Yucca Valley. The price is $90,000 I have $50,000 in cash and I need a loan for the remaining $40,000 I have bad credit will I be able to get a loan with a…
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Thu Mar 16, 2017
answered:
Hello Michael, 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 any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

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.

Do you have down payment and closing cost or do you need down payment and closing cost assistance programs?

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or 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
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Sat Jan 7, 2017
answered:
Hello kurtab, I am not to familiar with the boards but can furnish you daily updates to fit your search criteria...

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 any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

The purchase in 92284 zip code start from 63k for 3bd 2ba single family home.

You will need to be pre-approved to be able to meet an agent to view and submit offers on homes of your choice. You will need to gather one month paystubs, two month bank statements, last two year tax returns including 1040s, 1099s, W2s and all schedules and copies of your drivers license or ID and social security cards 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.

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
Sat Jul 30, 2016
Rvrdays asked:
I would like to store two travel trailers on a residential property that I would like to buy up there. Does it matter about lot size or city boundaries??
0 votes 0 Answers Share Flag
Wed Oct 29, 2014
answered:
The common fees that the buyer (Veteran) does not have to pay are the following:

Attorney Fee, (For anything besides title work), Escrow Fee/Settlement Fee/Closing Fee, Closing Protection Letter (CPL), (The CPL fee is often included in the escrow fee but sometimes charged separately. It is a letter that makes the title company responsible if escrow does not appropriate loan proceeds correctly, Document Preparation Fee (Fee charged by escrow for preparing final loan documents), Underwriting Fee/Processing Fee (Fees charged by the lender for processing and underwriting the loan), Lock-in Fees (Fees charged by the lender to lock the interest rate),
Courier Fee/Postage Fees, Notary Fees, Application Fee,Tax Service Fee, and Mortgage Broker Fee.

The buyer is responsible for the following:

1% origination, third party fees i.e. appraisal, credit report, title report, recording fee, pest inspection, and a flood cert.

it important to note that buyer can get up to 4% seller assist that can go towards the above fees.

The buyer does have to pay for their own prepaids which are taxes and insurance, which are paid in advance at closing to pay for the escrow account.

Let's discuss your VA loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I am a proud vet that has been offering VA loans since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you.



Bart Gabe - Lending Nationwide Since 1987

800 315 8803 - 7 days a week

www.bartprequalifies.com

bart@bartprequalifies.com
... more
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Mon Oct 27, 2014
Jim Paulson answered:
Here is a link to the VA website to get the answers direct from them.
http://www.benefits.va.gov/phoenix/pdf/rlc/closing_costs.pdf

Some of the costs are negotiable.

I have structured many offers for Veterans in which I have had the seller pay "all" the buyer's closing costs. In one case, I was even able to have the seller pay off some debts on behalf of the veteran due to a favorable sales price and appraisal!

Best of luck and thanks for your service!

PS. If you need help finding a local Realtor that is familiar with VA loans, let me know.

Jim
... more
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Sat Sep 13, 2014
Robert Chomentowski answered:
There are a lot of quick things that you can do to bump up your credit score. That is the best first step to speak to a loan officer that is an expert with credit that can assist you get the credit score up. A 592 may make USDA more difficult. But with a small amount of work you may be able to raise your score. ... more
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Mon May 20, 2013
John Arendsen answered:
It looks like the property already has some level of an existing infrastructure albeit it will no doubt need to be upgraded if not replaced. The demo and clean up shouldn't cost more than a few thousand dollars, however.

I would suggest contacting a licensed Manufactured Home Dealer and exerience MH contractor/installer in that area. You may also want to contact Steve Lefler at steve@modularlifestyles.com. He specializes in total green "Off The Grid" Factory built housing.
... more
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Sun May 19, 2013
Anna M Brocco answered:
For a personalized answer visit with any licensed loan officer. If you are on limited income, consider the economic factors of your lifestyle that would impact on your individual comfort level of affordability. A mortgage outside your budgetary constraints can dramatically alter your overall living conditions. ... more
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Mon May 13, 2013
Cindy Davis answered:
"Better" is a very subjective term. It's not only about the highest offer. It's typically about the highest offer PLUS THE largest abount of cash being put down.

Cash offers are favored because there is no need for the home to appraise and the timeline to close is usually faster. After that, buyers wiith 20% ore more are the next most desirable from the perspective of the bank.

It's not fair..but it is the way things work...
... more
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Thu Dec 20, 2012
Gayle Bartlett answered:
FHA will allow you to buy 2 years out of a Foreclosure or Bankruptcy, so you may want to check for a Deed in Lieu... I can't imagine it would be any longer. That is 3.5% down and you need a credit score of 620 or better.

Rural Development loan only requires that you can pay for your home, and your credit is OK. If your credit score is 640 or higher they actually don't look into your credit report... sounds great right... there is a catch... this loan has income restrictions... you can not make more than a certain amount (different for each area) and you will need to go to a local Rural Development office for the loan. They are backlogged right now and take a little longer, but if you qualify it is well worth the rate. They can adjust the interest rate to help you buy more of a home, and there is ZERO percent down... this loan also has NO mortgage insurance... there is however a 1.75 % MIP.... which can be mortgaged in.

You also have to be looking in a RURAL area... I am not sure as to your area

If for you make more than the office allows, you can get this loan through a bank (I like National City Mortgage)... 2 years out of Bankruptcy, so I would check a Deed in Lieu.... you are allowed to make a bit more money to qualify.

A link to search is http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do -- you can find out your area's income limits as well as locations that qualify for the program.

Regular mortgages through fanny mae and freddie mac are 3 years out of foreclosure or bankruptcy... so once again assuming 3 years out of deed in lieu...

The best thing to do is pay down debt and get your credit score up... even if you have to pay someone to help you.

We have been seeing a lot of foreclosures and bankruptcy in the area and as of I now this is the best that I have found. I will be reading what everyone else has to say to see if I am missing something...

Good Luck!

I know the Rural Development Loan is a bit tricky... but play with that link. If you have an area where it covers around you it is a great loan to get back into home ownership.
... more
0 votes 3 answers Share Flag
Sat Nov 3, 2012
Diane Mcauley answered:
Good question, I would have Your agent send a extension or addedum to the contract that you are still wanting the property , and you have to make a decision, how long will you wait. Or you can have the agent send a Car form Seller to perform to your terms or cancel the contract. Your agent must be informed of her options. Good Luck. Diane 714 618-8031 ... more
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Tue Oct 9, 2012
Jane Loken answered:
Interest rates are at all time lows and prices of homes have not sky rocketed now is the time in my opinion
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Sun Sep 23, 2012
Bookoobiz answered:
Why is it such a big secret.If a Marines pay can be made public.Who the hell do agents think they are not to disclose there. Cut.It should be standard at 0.2% of the sale
0 votes 7 answers Share Flag
Thu Jul 19, 2012
Betty Kerr CRS,GRI,SRES,ABR answered:
The property tax is the same here is the website for property taxes http://www.mytaxcollector.com another important item that is different in Yucca Valley and Joshua Tree is in the Town limits (Yucca Valley) visit www.hdwd.com regarding the Wastewater Treatment & Water Reclamation Project this will make a difference in your property taxes.

Feel free to contact me for you real estate needs. 760-250-9326

Happy House Hunting!
... more
0 votes 1 answer Share Flag
Sat Dec 4, 2010
Jesse Sierra answered:
Hi Gary,

Theres only one complex with 11 units in Yucca Valley for sale. Not much to pick from.

Best regards,
Jes Sierra, B.Sc.
Realtor 01772408
Century 21 Beachside
0 votes 1 answer Share Flag
Tue Jul 13, 2010
Marie Scheffler answered:
You can visit www.mytaxcollector.com for a worksheet to figure that.
0 votes 1 answer Share Flag
Tue Jul 13, 2010
Rick Sayers answered:
That depends, The home matbe only worth $50,000. Then it is not a good offer,
0 votes 3 answers Share Flag
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