I want to purchase a condo in southern California. I'm hoping to get a loan for about $400,000. What kind of income do I need to qualify for this?
The income is just part of the maze; its your overall financial picture.

would silver give mea lot more clients in todays environment>?
Silver what?

I just recently filed bankruptcy and it was discharged my house was in with it. I am renting now and want to but another house in the state that I moved to. What should I do. I have a good paying job and a 401k can I get financing and where do I look for help.
After the three year wait of the discharge date, you will have to make sure there are no late payments on any accounts. Not only will the late payments hit your credit hard but the bank will look down on the lates. Point in case, keep your credit score as clean as you can. Thanks Jessewww.idahofhaloans.com

I posted the lender 411 link on my web page. How do I know it's working?
Thanks

We have purchased a new home in Jan. of this year, we have a 2nd home in closing. It will close by April 15th and I want to put 120K on the new mortgage (which leaves a 55K balance) so I will need to refinance and make the payments much lower. I would like a conv. loan with no penalties for early pay off. What rates can I get by doing this and how much will it cost me? Thank you,Lisa Stuttard
Lisa,There are alot of thing that go into a new loan, credit scores, the amount of years on the term, and the loan amount. With some banks they offer a little bit of a higher rate for loan amounts under 75,000. Also Interest rates are different from a 15 year fixed to a 30 years fixed. To be honest with you, the...

My debt to income ratio is on the high side and the purchase price is less than 40000. We want to buy this starter home. Also does not qualify for FHA bc no central heat/air. What can I qualify for?
Ask about a 203k loan. This loan will give you room in the loan to install updates in the home.Jesse Stroupwww.idahofhaloans.com

Is a FHA Loan in the bag?
You can keep the third person off the loan and just put them on title. That way they have interest in the home. The other two owners can close the FHA loan with no problems. www.idahofhaloans.com

Unmarried Couple. Can we apply for a loan together?
Why, yes you can! For the most part, you would apply for the mortgage as if you were together. There are always more details that go into it, but for the most part you can. www.idahofhaloans.comJesse Stroup

can i deduct the fees for a loan modification
With Loan modification it would be best to contact your CPA to talk about any updates tax laws for wright offs. Also call up your past lender to get the closing statement so you can show all the fees from the last loan.Jesse Stroup Mortgage Professional | Mortgage ManTwitter: @jessestroup

Mortgage approval amount and almost paid off car payment
I had this same issue with one of my clients and there and a and / or in the guidelines. usually if the car loan term has less then 12 months left the lender can exclude the payment from the ratio's. Now, here's the twist, if the payments are high the underwriter can required the car payment to be included in...

Are there any no doc loans or stated income loans available?
At this time 5/2015 there is not unless you give with hard money or a private lender. Jesse StroupMortgage Professional | Mortgage Man Twitter: @jessestroup

Can I Get an FHA Loan With a Credit Score of 600?
All mortgage lender have different minume requirments for credit scores, FHA loans will usually work with lower credit scores. Call some local mortgage bankers or brokers and ask that there FHA scores are. Jesse StroupMortgage Professional | Mortgage Man Twitter: @jessestroup

Mortgage for two-family home which buyer wants to occupy as a single family home
Its call in the zoning of the property. You can buy it as a two family (2 unit) home and contact your city, county and bank to see there are any limitations.

Can we get a loan now?
We would need to look at the credit report for the borrower and the co borrower. There are many things we need to look at with the over all credit scores and the credit trade lines that are reporting to the credit. Also starting a loan app, pulling the credit report and income information is the first step....

California Jumbo Refinance
Good day,There are still lenders that can refinance this type of mortgage loan. Your credit score looks in-line but we may have to look into paying some the loan down to a lower LTV. But we will need to start with a loan app so I can see the whole picture. You can look to my web site to start the process...

Refinance
Rates are in the high 3's and low 4's. It depends on the financing your are looking for. We offer 30 year, 15 year etc. give me a call and we can talk about what loan is best for you. 510-301-1827 Jesse Stroup

Can recent unemployment affect me getting a mortgage?
This may depend on the lender that you are working with. With a letter of explanation and understanding of your overall financial picture and a current pay check stub you maybe able to be approved for financing. Jesse Stroup Mortgage Professional | Mortgage ManTwitter: @jessestroup

Investment property vs. 2nd home purchase
Investment properties and 2 nd homes can be a little bit of a blur, that being said. Investment properties require 20% down vs a second home can be looked at as miles away from your current owner occupied home. This may be lender specif as each lender will look at this a little different. Jesse Stroup...

Are there any HARP 2.0 lenders who will work with someone in Chapter 13 Bankruptcy?
You may need to call a mortgage banker or broker, to find more relaxed guidelines. Each lender may have a difference set of min lending guidelinesJesse StroupMortgage Professional | Mortgage Man Twitter: @jessestroup

How to buy a house after bankruptcy?
Buying a home after a BK, you will need to wait for the waiting period for Conventional or FHA loans. Then save your money and make sure all payments to credit are on time.