You would probably be OK... However, if you have those assets at your disposal, you might want to do some really brief credit repair before you go in to buy. Its one thing to QUALIFY for the home loan, and it is another thing entirely to qualify at the best possible terms and rates, etc. We would want to at least make sure that we were analyzing any possible opportunity to improve your situation before we ran off and locked a higher interest rate loan...
I can tell you what to do, and if it makes sense to have me do it for you, great. If not, take the info to another lender and have them do the following:
Pull your credit (or review your credit that you have already pulled) and make some recommendations based on your CURRENT situation, as well as a situation where you have a roadmap to improve your score slightly. With 20% down it is best case to do a conventional loan, however, if you are stuck doing FHA because of a FICO score issue, you might want to adjust your cash down, because rates will not improve, and MI will not go away with FHA even with 20% down.
Bottom line, get your situation fully analyzed, and get someone who will advise you of your options, as well as options moving forward if they dont exist now. Dont use a "vending machine" lender who just throws loans out there. Use someone with the experience to advise you of not just where you are now, but the potential road you can take to improve your position.
I can help if you'd like, but I would most likely require you to come into my office in UTC so that we could meet and discuss in great detail. Let me know if that makes sense, and if not, I wish you the absolute best of luck!
WJ Bradley Mortgage Capital, LLC
Yes, they still exist. Here are a couple of links to web sites on the subject and I suggest that you contact a few lenders to learn more first-hand what the criteria is as they are the experts.
Prudential Connecticut Realty... more
Pacificwide Lending has programs for Foreign Nationals. with 30 to 50% down we can fund your loan within 30 days. feel free to give me a call to discuss the details. Darren Carlin Pacificwide Lending Pleasanton California cell phone number 925-872-0695... more
Hello Antione Myers,
Please contact me, I can refer you to a great program for first time home buyers that will provide assistance with down payment, interest rates and closing cost.
Please email me what your intentions are......(Looking to rent or purchase). I will provide you with a list of homes within your search criteria and also that particular area. Thank you for your time and I look forward to hearing from you soon!
CA BRE# 01703306
Powered By Big Block Realty... more
There are other things to consider such as where you work (commute) and what kind of home you want to live in. Feel free to contact me directly and we can explore a couple of neighborhoods that I think would be a good fit for you!
McAllister Homes Real Estate
Not in less you have been given a notice of default. And then you can not get a loan for 3 years and it will be an FHA loan.
I saved my seller almost $700 by using Entitle Direct, an online Title company. They were known as Guardian Title but changed their name when they reduced their sales staff and went to an online operation.
Please read all of the fine print and compare, compare, compare.
Keller Williams Realty
Taxes in San Diego County range from 1.15% to 1.35% of purchase prince annually. You will have to check to see exactly what this is in your area of interest. Ou can go to www.sandiego4property.com to find homes and it will also show taxes!
619 519 3287... more
Hi my name is Tammy Kuyenov. I am a Realtor in San Diego. I would love to help you find the right home. Please call me at your convenience and we could go over your options.
425 773 7141
Tammy Kuyenov... more
Can you explain your question a bit better please? Maybe its easier to give me a call with any questions you may have
Ferrelli & Associates, Real Estate Professionals
Broker & General Contractor
7040 Avenida Encinas, Ste. 104
Carlsbad, CA 92011
First of all, thank you for your service to our country!!!
It seems like something very possible, your income and assets need to be calculated, but I would guess that a 300k home is realistic. First of all, lets get you pre-approved for house hunting, my preferred lender is Arlene Maldonado from Impac 619-954-4038
Hector R. Gastelum
Allison James Estates & Homes