Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in Kern County : Real Estate Advice

  • All14
  • Local Info2
  • Home Buying5
  • Home Selling0
  • Market Conditions1

Activity 32
Mon Jun 17, 2013
jan detomaso answered:
Hi Gayle, You really need to talk to either a loan officer at your bank or a mortgage broker. There are a lot of different things that impact what type of loan is the best for you. I am a real estate agent and while you may want to use your VA again that may not be the wisest choice. Our market is very competitive right now and a VA loan has a lot more requirements for whatever home you are purchasing. A lot of sellers do not want to do the extra things that might be required of that type of loan. Your best bet is get pre-qualified and then start looking for your home. If you are not currently working with an agent, I would be happy to help you. Please feel free to give me a call ....661-431-4194 and my name is Jan ... more
0 votes 7 answers Share Flag
Sat Feb 9, 2013
John Arendsen answered:
If it's a "Manufactured Home" you will not find many comps unless they are located in a reasonable geographic proximity to your home. If the only comps that are available are in a "Mobile Home/Manufactured Home park/community you will be extremely low balled and shocked to realize that the appraiser will have to use those as the comps. It can be a very horrific experience.

However, if it's a "MODULAR HOME" it's a different story. Then you can use the comps of site built homes within the same geographical sphere of influence your home is in. But what you really need to do is get an experienced "FACTORY BUILT HOUSING" Appraiser that knows the difference between a "MANUFACTURED HOME" & a "MODULAR HOME".

Our phone and email advice is free so feel free to give us a call at 760 815-6977 or email me through the Trulia website. Feel free to log onto our very user freindly websites for other information.
... more
0 votes 4 answers Share Flag
Thu Aug 9, 2012
Ron Thomas answered:
The Mortgage Company will tell you how much you could qualify for, MAX.
They will review your documents and give the maximum that you qualify for;
Then you will decide if you are comfortable with that monthly payment and total debt.

Then you tell your Realtor the price range you want to look at;
and your Realtor finds possibles for you.
... more
0 votes 3 answers Share Flag
Mon Feb 27, 2012
Yes! An FHA Streamline refinance will help you reduce your monthly payments. It is actually a very easy process to qualify for on this type of loan.

There is NO appraisal required! If your home is under water, it is not an issue.
All we look at on you credit report is is to see if you paid the mortgage on time.
We have NO MINIMUM CREDIT SCORE with this type of loan!!!

This goverment insured loan program was designed to help home buyers lower their monthly payment. You do have to save at least 5% when comparing your current P&I & mortgage insurance against your new loan. But with rates this low, we are helping many families.

Please feel free to contact me if you have any further questions, I'd be glad to help.

All the best,

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, USDA, Jumbo, Conventional, plus, we allow Escrow HoldBacks!
... more
0 votes 4 answers Share Flag
Mon Jun 17, 2013
Walter 'Skip' Kersten answered:
Thu Aug 15, 2013
Brenda Feria answered:
If you will be moving within 5years, why would you want to pay for a 30 year loan if you are sure that you won't need it? The rate is higher for a 30 year loan for a reason.
0 votes 8 answers Share Flag
Mon Sep 12, 2011
Alicia answered:
by the way we got qualified for $200,00 and i beleive credit scores 640ish???
0 votes 15 answers Share Flag
Tue Aug 9, 2011
Tim Moore answered:
Most loans are based on the Fed rate and I don't see them changing that just because the S&P wants to play politics.
0 votes 7 answers Share Flag
Tue Mar 1, 2011
Carl Henker answered:
An appraisal is not required so the property may be purchased as is. Other than that all you need is a job, assets and good credit along with the skills to make the repairs needed. Good Luck ... more
0 votes 2 answers Share Flag
Fri Feb 18, 2011
Corey Grushin answered:
We can do the loan type you are speaking of Bob. Would you like to talk?
0 votes 5 answers Share Flag
Wed Feb 9, 2011
Carl Henker answered:
Fri Dec 17, 2010
Robert Spinosa answered:

There is not enough information above for any of us to tell you whether or not you'd qualify for an FHA loan. If you would like to look into a pre-approval, I am happy to be of service. A pre-approval is how you determine the answers to all your questions.

Rob Spinosa
RPM Mortgage
... more
0 votes 1 answer Share Flag
Fri Dec 17, 2010
Carl Henker answered:
Wed Dec 8, 2010
Anna M Brocco answered:
Just how bad is your credit and without your overall financials....consider consulting with any qualified loan officer, local community bank, credit union, etc., and see if it's possible. ... more
0 votes 6 answers Share Flag
Tue Dec 10, 2013
Tehachapi Mountain Group answered:
Try Robert Kurugian at Academy Mortgage, I think they recently brought back some manufactured home loan packages. I'm not sure about the non owner occupied part, but can't hurt to ask... 661-717-3394

... more
0 votes 2 answers Share Flag
Sat Nov 13, 2010
BHHS Troth, REALTORS® answered:
Hello Mkuhs,

If you can find a seller who is willing to do a owner carry or lease option right now, that can work. You would most likely be required to complete a credit application and provide a copy of your current credit report. With full disclosure, and a siginficant downpayment it is a valid option.

Please note that there are not currently alot of seller's willing to sell like this at this time - I'd be happy to do a search of local available, properties, please just let me know so we can talk.

Best of luck,

Tamara Stoebe, REALTOR, GRI, QSC, e-PRO, Notary
DRE License #01827461
Prudential Troth REALTORS
1801 W. Ave. K
Lancaster, CA 93534
Cell: (661) 466-6849
Fax: (661) 422-3006
... more
0 votes 1 answer Share Flag
Sun Oct 24, 2010
Hi Sally,

I believe they should contact their lender/mortgage company and explain the situation. It is much easier for the borrowers if they make that contact without delay.

I believe their existing lender is in the best position to assist them with the problem.

Best regards,
... more
0 votes 4 answers Share Flag
Wed Oct 13, 2010
Scott Miller answered:
Hi Kelskey. The best way to use Trulia is to click above on Find a Pro, fill in your city and toggle down to Mortgage Brokers. You'll get a list like this one:

You can call or write these brokers and see which one will help you.


Scott Miller, Realty Associates, Boca Raton, FL
... more
0 votes 4 answers Share Flag
Fri May 10, 2013
Tehachapi Mountain Group answered:
It will be difficult to short sale a home and then purchase another. The short sale will effect your credit worthiness for another home purchase for some time. I would suggest consulting with an attorney to see if a short sale is the best option for you. ... more
0 votes 2 answers Share Flag
Mon Aug 16, 2010

FHA short payoffs only go up to 97.75% of the appraised value. Being that your mortgage is on time, you can qualify but the closing costs and cash difference between your appraisal and new loan amount would be due at closing based on your scenario. Do you know if your lender will reconsider to the max amount that FHA will allow? They can also create a small 2nd mortgage to cover the difference and use that loan with our new FHA loan to pay off the $260k. ... more
0 votes 1 answer Share Flag
1 2
Search Advice