Please give me a call and I will connect you with some lenders that may be able to assist you. Generally 3yrs after is the norm but it won't hurt to contact a lender about your particular situation.
Keller Williams Realty
At any given time, the lender will look at many things, amongst which one of them is debt to income ratio. If both of you have enough income to pay for a new home, which considering all the debt (including payments of older homes purchased), they will be more likely to qualify for a loan.
This statement is simply one of the several things they look at. Other important considerations include credit score, assets, income, purpose of purchasing home, tax returns, etc
I would talk to a Lender right away who can guide you for your particular scenario.
Best of Luck!
Equity Capital Real Estate
(203) 280 3838... more
Visit with any qualified loan officer, after reviewing your overall financials, a determination on qualification, the type of loan, how much, how much down, etc., can be made; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.... more
I hope you are prepared for some phone calls.
This forum is set up to communicate and get insight from real estate professionals such as myself.
When you post your phone number you are making it available to anyone who is on Trulia.
I recommend you remove your post.
Daniel Di Matteo
Century 21 award
I am familiar with the program but I thought it ended or they allocated all funds. It was administered by the SD Housing Commission: Website here: http://sdhc.org/Real-Estate/First-Time-Homebuyers/
I looked and it does not say if the program is still in effect or not, the last information showed funds available as of January 2010, which is not very helpful. You may want to contact them directly to get more information. When you are ready for your mortgage, give me a call.... more
The best thing you can do is call a few lenders (Wells Fargo, B of A, Chase, etc), explain your situation and find out. At least you will know what you have to do in the near future to be able to buy something.
A general rule of thumb is you work out your loan so you know what you can afford before you contact a realtor or look at homes. Once you find out what you can afford, you can look online (redfin, etc) to see what you would be looking to buy.
Then you find an agent to help you secure your first home.
Mark & Kari Shea
Shea Real Estate
Serving Greater San Diego... more
You do not need a special permit from the landlord. However, before renting the house, I suggest you talk to him/her about your intentions. Sometimes, they will require a larger security deposit. Please contact me. I can help you locate a house that meets your specific needs.
Coldwell Banker West
That's going to depend largely on your lender. Since you are recent ex-military, you might qualify for USAA membership. And since USAA serves primarily military clientele, nobody would understand military service better than they would, and they might qualify you for a loan.
USAA offers great loans and other products for military families. Check them out.
(and yes, I am a USAA-certified agent).... more
It depends on market conditions in your area. I have recently done several transactions where my buyer's have asked up to 6% plus, and we've gotten it. Your real estate professional should be able to guide you as to what your particular market will bear. Keep in mind what kind of seller concessions you are asking for when making your offer.
Good luck!... more
Boy...so many things need to be checked first, but yes it is possible.
Joan Wilson (Realtor, SRES, Ecobroker)
California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
License # 01341483
Know Your Rights Home Affordable Foreclosure Alternatives (HAFA) Program
Find Your Dream Home:
Find Foreclosures: http://CaliforniaCool4Sale.com
Co-author of “Should I Short Sale My Home?” Advice on what options are available.
I believe that the tax credit only requires that you have the entire settlement package that you should have received when you closed on your new home. The one, most important document is the SETTLEMENT STATEMENT - I always tell my customers to get one marked "final" on top for their records. If you don't have it then you can request it from the title company.
If for some reason you need to prove that you live in the condo then I would think that if you have the utilities in your name and perhaps a few more bills sent to that address with your name on it that should help. You might also be asked to provide things like bank statements and payroll checks showing that you have done a change of address hence that you live there.
It's tough to find a single family home with at least 2 bed for that price, yet they do come up from time to time. I can tell you more about a 3 bedroom, 3 bath in Chula Vista for $1500 a month. If you're interested just email or call me. Thanks!... more
There are plenty REO experts/real estate agents in Chula Vista. If you need a name I will be happy to refer you. Talk to a local professional, he or she will help you with these details and the details of similar homes available in your market.
Buyer is not paying a commission, it comes out of the sellers' expense. So, go ahead and use a professional to help you buy a home.
All the best,... more
Your question reflects the biggest problem with the real estate market these days.
If your home has depreciated in value, then you will be hard pressed to find an investor who will buy it for more than its worth. And if the investor is looking for a discount, then they will be hard pressed to find a contact at the bank authorized to negotiate a discount price.
I wish I could suggest some helpful advice here, but unfortunately all I can do on this one is maybe help you understand where things stand.... more
Your question appears to have been cut off as there is no property attached to it. Can you clarify the property address?
Marcie Sands, REALTOR
Simply The Best Real Estate Company, Inc.