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Home Buying in San Jose : Real Estate Advice

  • All2K
  • Local Info143
  • Home Buying874
  • Home Selling128
  • Market Conditions32

Activity 1,360
Sat Feb 18, 2017
Gregg Pomeroy answered:
We have programs for people with low down payments and you can even roll some closing costs in using a "seller concession".

We can lend nationwide and underwrite loans quickly.

I'm very attentive to my clients.

If you have any questions or need help with this you are welcome to contact me. I'm available almost 24/7.
... more
0 votes 21 answers Share Flag
Fri Feb 17, 2017
Susie Kay answered:
Realtors cannot accept any rebate or referral fees from title companies. I refer my clients to my title company because he works very hard for my clients. He always answer my clients' questions and in a timely manner. ... more
0 votes 2 answers Share Flag
Fri Feb 17, 2017
Donald D. Hensel answered:
Hard money loans can be an excellent way to secure a home if the buyer currently has poor credit or issues on their record preventing them from obtaining a bank loan. Hard money loans are only short term financing tools that give the buyer time to repair credit or wait until they can qualify for a conventional loan again.

http://www.northcoastfinancialinc.com/hard-money-lenders-california/san-jose-hard-money-lenders-loans/
... more
3 votes 10 answers Share Flag
Fri Feb 17, 2017
Korenekskakes answered:
We are looking at our appraisal. We find a dicrepency between the apprasial and our paperwok. It appears that the appraiser used the inside house diminsions while
the paperwork used the outside dimensions. Which is the accurate dimension? ... more
0 votes 15 answers Share Flag
Fri Feb 17, 2017
Sheryl Arndt answered:
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.

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.

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 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.

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
0 votes 8 answers Share Flag
Wed Feb 15, 2017
Jeff Jones answered:
0 votes 16 answers Share Flag
Mon Feb 13, 2017
Arpad Racz answered:
Hi,

It is best to check with the city directly on new rules.

All the best,

Arpad
0 votes 1 answer Share Flag
Sun Feb 12, 2017
Sam Shueh answered:
Talk to your CPA first. So long as the spouse agree and will sign waiver.
0 votes 11 answers Share Flag
Sat Feb 11, 2017
Elva Wormley answered:
Hi Kifle21negash,

The best way to know for sure is to contact a mortgage professional. There are many factors to consider, such as credit score, credit history, purchase price, property type, occupancy, down payment, debt-to-income ratio, etc.

Please feel free to contact me to discuss your options.

Elva A. Wormley
Mortgage Consultant
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / BRE #01274093
... more
0 votes 4 answers Share Flag
Tue Feb 7, 2017
Sheryl Arndt answered:
Hello Sally P, if you are speaking of rentals then yes of course but there will be pet deposits for those that accept animals. If you are speaking of condos or townhomes then it will be up to each HOA and you will need to look into that for any of interest.

The purchase start from 295k for 1bd 1ba condo, 349k for 2bd 1ba condo and up. If 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.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

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
0 votes 2 answers Share Flag
Tue Feb 7, 2017
Sheryl Arndt answered:
You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

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
0 votes 14 answers Share Flag
Tue Feb 7, 2017
Slickshyster answered:
A contract is a contract is a contract. A written contract is a binding and enforceable agreement. Get a lawyer. If the bank continues to give you trouble, sue them and tie the house up for years. The bank will be unable to sell the property as long as you make a claim against its ownership or title.

Slick
www.shadyagents.com
... more
0 votes 26 answers Share Flag
Thu Feb 2, 2017
Bcumberledge answered:
all these questions are humorous, it is called a title!! You don't have to be on mortgage to be on title. If you divorce, almost always you have to get a new mortgage to get one person's name off of it. ... more
0 votes 20 answers Share Flag
Thu Feb 2, 2017
Shirley Waters Contreras answered:
what is a signed 7 DATED LETTER OF EXPLANATION FOR PAY FREQUENCY FOR CONTRIBUTOR,
0 votes 10 answers Share Flag
Wed Feb 1, 2017
Greentekfirst answered:
Always but always do your due diligence! Regardless of the source, perform a preliminary title search first before committing with earnest money or down payments. We have learned the hard way and will never make that mistake again. A great resource we found for expedited title and lien search services is US Title Records. Online title search company that covers every county throughout the United States.

See: https://www.ustitlerecords.com

Mark
... more
0 votes 20 answers Share Flag
Mon Jan 30, 2017
Sam Shueh answered:
Expect to pay higher price and much higher interest rate a year later.
0 votes 4 answers Share Flag
Sat Jan 28, 2017
Sheryl Arndt answered:
Hello SSS, what are you looking for in particular? These links may assist you with crime statistics:
http://www.crimemapping.com
http://www.crimereports.com
http://www.everyblock.com/
http://www.localcrimenews.com
http://www.mylocalcrime.com
http://www.spotcrime.com/ca
http://www.meganslaw.ca.gov
http://www.neighborhoodscout.com/
http://www.homefair.com/

Theses links should have the answers to any questions you may have on schools:
http://www.greatschools.org/
http://Www.schoolfinder.ca.gov
http://Www.education.com
http://Www.schooldistrictfinder.com
http://Www.schooldigger.com
http://www.sarconline.org/

Find doctors
http://www.healthgrades.com/

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 documentation and discuss your credit profile, funds and which loan program you are looking for.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

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.

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
0 votes 1 answer Share Flag
Fri Jan 27, 2017
Davidfcalderon2 answered:
Yes...taxable income. Her loss your gain.

May not be legal...this must be dosclosed to Mortgage Lender...it may or not pass underwriting criteria.

There would have to be a legal disclosure in existence to clear R.E. Brokerage from inducement laws also.

Quite common in desperate economic times but may be a various shades of grey in regards to it's legality State and Federal laws.
... more
0 votes 37 answers Share Flag
Tue Jan 24, 2017
Sheryl Arndt answered:
If you have a fraud complaint you can contact this number.

FBI Internet Fraud Division http://www.ic3.gov/default.aspx

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
0 votes 2 answers Share Flag
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