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Financing in Tracy : Real Estate Advice

  • All462
  • Local Info34
  • Home Buying221
  • Home Selling10
  • Market Conditions19

Activity 15
Tue Dec 18, 2012
Alvena Maryam Safar answered:
Hi Felicia

Yes there are first time homebuyer programs for Tracy! :) You are in luck since right now interest rates are really low (its common to see 3.25% !) and there are programs where you can put 0% down or .5% down! Unless of course you want to put more. Please give me a call or email me and i'll go over these with you. I'd also like to email you some information that is useful for shopping for a home in Tracy as a frst time homebuyer. Thanks :)

Alvena Maryam Safar | Broker | CalPrime Realty
Office (209) 622-0769 | Mobile (209) 612-8109| eFax (866) 458-0798|
3507 Tully Rd. Unit # 60 Modesto, CA 95356 | DRE# 01509140 |
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0 votes 3 answers Share Flag
Mon May 27, 2013
Tim Moore answered:
Lead ? I am guessing you mean lend, but if you have bad credit and may file for bankruptcy I would wonder why anyone would lend you money if you have no ability to repay it. Good luck.
0 votes 9 answers Share Flag
Sat Jun 27, 2015
Rocky G.H. Hawrysz answered:
Hi Mike,

Did you have a question?

Rocky G.H. Hawrysz
Prudential California Realty
(209) 444-6610
(209) 433-2000
Lic: 01468373 ... more
0 votes 11 answers Share Flag
Tue Dec 18, 2012
Carol Perdew answered:
There are wonderful opportunities in the Tracy real estate market. The standard deposit for real estate transactions is 1% of the purchase price. The best advice I can give you is to talk to a local mortgage banker to talk about current financing requirements. Now is the best time to buy with low home prices and low mortgages. Contact me and I can forward you some lenders to talk to. You can reach me at

Carol Perdew
Prudential California Realty
(209) 239-7979
DRE 985176
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0 votes 5 answers Share Flag
Wed Apr 28, 2010
Rocky G.H. Hawrysz answered:
Hi Shaneen,

Can't say that I have, however, I did find a few details for you:

Down Payment Assistance Program Provides deferred, down payment assistance loans of 30% of purchase price of home with a cap of $75,000 for low income, first-time homebuyers for the purchase of newly built or existing homes.

All first time home buyers must be certified as first time home buyers by a HUD approved agency (ie. Visionary Home Builders).

Loan and Grant Program Eligibility Requirements

â–  Applicants must be owner-occupants of home in need of improvements.
â–  Homes must be located within the downtown area (see map).
â–  Programs are available to downtown Tracy residents whose income does not exceed the following limits:

Household Size* Annual Income
1 $53,450
2 $61,050
3 $68,700
4 $76,350
5 $82,450
6 $88,550
7 $94,650
8 $100,750
*Additional restrictions may apply.

The City of Tracy Downtown Rehabilitation Loan and Grant Programs help to create a better place to live by enhancing the quality of life for low-income families and preserving the existing housing stock in the City of Tracy.

For additional information contact:

City of Tracy
Community Development Agency
324 E. 11th Street, Suite D
Tracy, CA 95376
Phone: (209) 831-6490

I would assume the best place to start is by contacting the city. Let us know if you have any other questions.

Have a great morning,

“Rocky” G.H. Hawrysz
Prudential California Realty
P: (209) 444-6610
Lic: 01468373
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Mon May 20, 2013
Credit Trauma answered:
Why not take some time and work on optimizing your credit so it's not so horrible? It's not all that difficult or time consuming.

For a simple 8 step system to repair your credit, along with step-by-step videos that walk you through the entire process, visit

If you have any questions, feel free to ask! I'd be happy to help.
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0 votes 9 answers Share Flag
Wed Mar 28, 2012
Carl Henker answered:
The zero down will be a challenge as USDA is the only option with limitations by income and property location. VA is the other 100% loan program are you a veteran? Expect to buy with at least a 3.5% down payment using an FHA loan program. Find a local lender and apply for a pre approved loan before starting your home shopping. Good Luck ... more
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Mon May 27, 2013
Jeff K answered:
Call your lender. Is there anything else we should know?
0 votes 5 answers Share Flag
Tue Jan 5, 2010
Muhammad Khan asked:
Tue Dec 22, 2009
William Polack answered:
KH: Actually, HUD requires you to wait 3 years before you can borrow from them, unless there was a death in the family or total loss of income from a death in the family. At that point you can after 2 years. In order to go through a private lender, that will depend on that person's qualifications to lend. You'll need to have a real good explanation as to why you defaulted on the loan. Understand that a private lender is going to have a harder time lending than a regular institution because they'd prefer to lend to someone who has not defaulted on a loan of that size. Most everything these days is based on credit. You'd also, for your own protection, want to wait a while before you buy to avoid getting taken advantage of (especially if you seem desperate to buy). If you're needing a house for tax purposes, consult with a financial planner that can help you in finding other tax write offs. ... more
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Tue May 28, 2013
Kamal Randhawa answered:
Hi there,

I actually know of a property management team that specializes in exactly what you are looking for. Since your credit is not so good, they might even be able to find an owner financed property. Please feel free to call or email me anytime!

Kamal Randhawa
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Mon May 27, 2013
Brian LeBars answered:
Under lender guidelines the borrower would currently need to be employed.
0 votes 6 answers Share Flag
Mon Jun 1, 2009
Robert Spinosa answered:

It can sometimes depend based on the lender from whom you're seeking the new loan, however, Fannie Mae guidelines will now permit (again) a maximum of 10 properties to be financed by an individual.

Let me know if you have any additional questions or if I can be of service in any way.

Best regards,

Rob Spinosa
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Mon Jun 1, 2009
Cindy Mello answered:
Hi Sophie,

Definately! I can give you a free consultation to determine what your options are. Please call me at 209-298-0481 or email me at Loan modifications are my specialty and I have been succesful here in Tracy.

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Fri May 11, 2007
Brian Barringer answered:
Alex's job, and he will! It is my job to make sure he gets you the best deal. You can look on the internet for a loan but I caution you. I have yet to have done a internet mortgage transaction that the loan was honestly disclosed. ... more
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