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Financing in Los Angeles County : Real Estate Advice

  • All508
  • Local Info30
  • Home Buying263
  • Home Selling32
  • Market Conditions12

Activity 403
Sun May 5, 2013
Gregorio Denny answered:
I read your other post about being declined. You need a second opinion on your FHA loan as I believe it can be closed. Contact me if you would like me to take a look for you.
0 votes 2 answers Share Flag
Mon Jul 1, 2013
Ron Escobar - Local Expert answered:
Try a mortgage banker.. they have access to lots of products... the one I recommend is usually a FHA DTI goes as high as 47% ... your fico is a little too low but should still get you there.

Good luck...

If you find my answer useful please give it Thumbs Up!

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Thu Jun 25, 2015
Emily Knell answered:
You could possibly get a loan from Wells Fargo. I know my own lender has a loan for you so long as you have a US Passport & of course, can prove your income.

I also may have a condo coming on the market soon in Downtown Long Beach, it will be a 1b 1ba in a good building, short walk or bike ride to the shops/restaurants on Pine Ave & down to Shoreline Village.

Shoot me an email directly to talk about this further, I don't look back on this same Trulia posting for answers after mine.

Emily S. Knell
562-430-3053 c
Realtor Since 1996
Realty ONE Group
Short Sale Listing Agent w/ 97% success rate
100% Success Rate in CA
Closing short sales within 300mi of my home!
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0 votes 9 answers Share Flag
Tue Apr 2, 2013
carlos parrague answered:
Approval for what? A loan?
Assuming you have gotten a pre-approval letter, the property appraises at the sale price then the loan may take anywhere from 20 to 60 days for final approval depending on the Lender ... more
0 votes 8 answers Share Flag
Thu Mar 28, 2013
Carl Henker answered:
Here is a link to the California program. It is a DAP program used in connection with an FHA loan. It is not a grant that is forgiven you do have to pay it bank at some point. Find out the details at the link below:

Good Luck
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0 votes 1 answer Share Flag
Mon Oct 28, 2013
Robert Chomentowski answered:
I would be happy to talk to you if you would like.
0 votes 11 answers Share Flag
Fri Mar 22, 2013
carlos parrague answered:
Offers a deferred-payment junior loan of an amount up to three percent (3%) of the purchase price or appraised value, whichever is less. CalHFA's down payment assistance program is designed to assist first-time homebuyers purchase their first home with as little as 1% down.
Since CalHFA is not a direct lender, these mortgage products are offered through private loan officers who have been approved & trained by the Agency. These loan officers can help you find out more about CalHFA’s programs and guide you through the process and let you know what is going on.

Visit the
To find and then to contact a loan officer in your area.
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0 votes 2 answers Share Flag
Sat Mar 16, 2013
Michael Abram answered:
Hello Susan,

Look no further! I have a lender that will go 5% down with no PMI on the loan. Feel free to give me a call or email to discuss.

Have a great day!

Michael Abram
RPM | Los Angeles
Direct: (310) 574-7766
Cell: (310) 995-0975
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0 votes 11 answers Share Flag
Wed Mar 13, 2013
walter shui answered:
The loan amount will be around $80-100k. No private loans please. Please leave your info i will call you. thank you!
0 votes 1 answer Share Flag
Tue Mar 12, 2013
Ron Escobar - Local Expert answered:
Yes. It is typical. It happens to most loans... all the time... you should be able to trust your loan officer, if you do not trust them why are you doing business with them? and vice-versa...

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0 votes 9 answers Share Flag
Sun Mar 17, 2013
Gregorio Denny answered:
If that is the only issue, then I can assist you with that.
0 votes 7 answers Share Flag
Sun Jun 16, 2013
Annette Lawrence answered:
Depends on the date shown on the Pre-qual you submitted with your purchase offer.
Some brokerages REQUIRE a pre-qual from their preferred lender to vet a buyer. The buyer can use any lender they choose. This requirement, however, provides the seller additional assurances if "Never Ever Bank of Clearwater Florida" fails to deliver on their commitment just before closing....again!

This is not a common request, but certainly should not be a show stopper.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420. 4041

Home tour Scotsdale Bluffs
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0 votes 12 answers Share Flag
Mon Feb 23, 2015
Charles Lee answered:
Look at funding before you do anything, you dont want to waste you time or the agents time,
0 votes 3 answers Share Flag
Sun Jun 9, 2013
Shane Milne answered:
May want to try PNC Bank, they are going to 89.9%.
0 votes 2 answers Share Flag
Sun Feb 17, 2013
SERGEY FEDNOV *** 424-777-9377 answered:
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Sat Feb 16, 2013
Cindy Davis answered:
As long as one of you is 55+, you should be able to buy it and do as you wish with it subject tot he community restrictions....
0 votes 4 answers Share Flag
Thu Feb 14, 2013
Shane Milne answered:
I can't comment on the price adjustments from the lender you are getting your mortgage from because you haven't said who that is.

However what you've been told coincides to the standard price adjustments that Fannie Mae puts forth.

You can view them at on page 2. If you look at it, you'll see that for credit scores of 700 & above at 70.01-75% LTV have a pricing adjustment which is .25% less than at 75.01-80% LTV. If your credit scores are in that range then what you are being told would make complete sense.

And yes, a price of 100.250 means you are currently getting a credit towards your closing costs of .25% of the loan amount you are financing. If the price improves by another .25% because the appraisal comes in to where your LTV is 75% or less then the net price would change to 100.500 and you would then get a credit towards your closing costs of .50% of the loan amount you are financing. If that credit amount is MORE than the closing costs + pre-paids (which is pre-paid interest + initial escrow account reserves if you are setting up an escrow account for taxes/insurance) then the excess credit would be applied towards the new principal balance of your loan to reduce it.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct
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0 votes 5 answers Share Flag
Wed Feb 13, 2013
C. Lee Miller answered:
Good morning Isabel,

As Sheryl has stated, you might be able to qualify for a mortgage, but the absolute fact is you need to discuss your situation specifics with a qualified loan professional that knows about mobile home financing as well as traditional home loans. I can assist you if you would like to find out your unique buyer potential. There is no cost and no obligation to find out how you can buy a home in today's market.

C. Lee Miller
Broker Associate- DRE Lic# 01882648
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0 votes 3 answers Share Flag
Wed Feb 13, 2013
Michael Cheng answered:
Most likely not. You'll need a strong source of regular income to qualify for a loan sufficient to purchase a house. Your best strategy now is to save up to make a purchase with all cash.

As much as we'd all love to put you into a house, nobody really needs to buy a house. You can do just fine as a renter, especially if you're on a 1099.
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Tue Feb 12, 2013
brewinboston answered:
On top of everything we have cancelled our utilities in order for the transfer to take place this week. I don't know if the buyers have transfered things into their name. The original contract for this was Nov 15th it is now going on 90 days to close. I'll just keep the place and rent it should take about 24 hours to do that in the Honolulu market. ... more
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