[David J]

I think you could pull it off if you get an inexpensive house.

You would probably need health insurance for the child as they tend to have expensive accidents. Perhaps you could qualify for S-CHIP.

I’ve considered doing the same as you; though, I’m still a few years away from being able to seriously consider it.

I think Temecula would be a good place to go. If I can’t pull it off where I’m at now (San Diego) Temecula is where I would most likely go.

[David J]

I think you could pull it off if you get an inexpensive house.

You would probably need health insurance for the child as they tend to have expensive accidents. Perhaps you could qualify for S-CHIP.

I’ve considered doing the same as you; though, I’m still a few years away from being able to seriously consider it.

I think Temecula would be a good place to go. If I can’t pull it off where I’m at now (San Diego) Temecula is where I would most likely go.

[David J]

I think you could pull it off if you get an inexpensive house.

You would probably need health insurance for the child as they tend to have expensive accidents. Perhaps you could qualify for S-CHIP.

I’ve considered doing the same as you; though, I’m still a few years away from being able to seriously consider it.

I think Temecula would be a good place to go. If I can’t pull it off where I’m at now (San Diego) Temecula is where I would most likely go.

[David J]

I think you could pull it off if you get an inexpensive house.

You would probably need health insurance for the child as they tend to have expensive accidents. Perhaps you could qualify for S-CHIP.

I’ve considered doing the same as you; though, I’m still a few years away from being able to seriously consider it.

I think Temecula would be a good place to go. If I can’t pull it off where I’m at now (San Diego) Temecula is where I would most likely go.

[David J]

I think you could pull it off if you get an inexpensive house.

You would probably need health insurance for the child as they tend to have expensive accidents. Perhaps you could qualify for S-CHIP.

I’ve considered doing the same as you; though, I’m still a few years away from being able to seriously consider it.

I think Temecula would be a good place to go. If I can’t pull it off where I’m at now (San Diego) Temecula is where I would most likely go.

[David J]

[quote=AK]Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.[/quote]

I just started a VA purchase loan with USAA three days ago. We’ll see how it goes. I think USAA recently switched their mortgage division to in-house as it seem they’ve become more competitive in terms of rates and fees. I also called navy federal and spoke with a VA mortgage broker. Navy Federal was upfront about the fees and rate but usaa beat them in both depts. I couldn’t nail down the mortgage broker on fees and he was not willing to provide me with a GFE until I essentially had committed to using him. I know on top of the 1% origination fee he also wanted to charge me a $900 processing fee and another $900 transaction fee, and a few other fees for a few hundred each before even getting to discount points for the loan. I maybe should have talked to other mortgage brokers but usaa seemed to have a decent enough deal.

For me VA seemed like a no-brainer as I do not have to pay the funding fee, my loan is for over 417k and I want to finance as much as they’ll let me.

[David J]

[quote=AK]Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.[/quote]

I just started a VA purchase loan with USAA three days ago. We’ll see how it goes. I think USAA recently switched their mortgage division to in-house as it seem they’ve become more competitive in terms of rates and fees. I also called navy federal and spoke with a VA mortgage broker. Navy Federal was upfront about the fees and rate but usaa beat them in both depts. I couldn’t nail down the mortgage broker on fees and he was not willing to provide me with a GFE until I essentially had committed to using him. I know on top of the 1% origination fee he also wanted to charge me a $900 processing fee and another $900 transaction fee, and a few other fees for a few hundred each before even getting to discount points for the loan. I maybe should have talked to other mortgage brokers but usaa seemed to have a decent enough deal.

For me VA seemed like a no-brainer as I do not have to pay the funding fee, my loan is for over 417k and I want to finance as much as they’ll let me.

[David J]

[quote=AK]Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.[/quote]

I just started a VA purchase loan with USAA three days ago. We’ll see how it goes. I think USAA recently switched their mortgage division to in-house as it seem they’ve become more competitive in terms of rates and fees. I also called navy federal and spoke with a VA mortgage broker. Navy Federal was upfront about the fees and rate but usaa beat them in both depts. I couldn’t nail down the mortgage broker on fees and he was not willing to provide me with a GFE until I essentially had committed to using him. I know on top of the 1% origination fee he also wanted to charge me a $900 processing fee and another $900 transaction fee, and a few other fees for a few hundred each before even getting to discount points for the loan. I maybe should have talked to other mortgage brokers but usaa seemed to have a decent enough deal.

For me VA seemed like a no-brainer as I do not have to pay the funding fee, my loan is for over 417k and I want to finance as much as they’ll let me.

[David J]

[quote=AK]Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.[/quote]

I just started a VA purchase loan with USAA three days ago. We’ll see how it goes. I think USAA recently switched their mortgage division to in-house as it seem they’ve become more competitive in terms of rates and fees. I also called navy federal and spoke with a VA mortgage broker. Navy Federal was upfront about the fees and rate but usaa beat them in both depts. I couldn’t nail down the mortgage broker on fees and he was not willing to provide me with a GFE until I essentially had committed to using him. I know on top of the 1% origination fee he also wanted to charge me a $900 processing fee and another $900 transaction fee, and a few other fees for a few hundred each before even getting to discount points for the loan. I maybe should have talked to other mortgage brokers but usaa seemed to have a decent enough deal.

For me VA seemed like a no-brainer as I do not have to pay the funding fee, my loan is for over 417k and I want to finance as much as they’ll let me.

[David J]

[quote=AK]Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.[/quote]

I just started a VA purchase loan with USAA three days ago. We’ll see how it goes. I think USAA recently switched their mortgage division to in-house as it seem they’ve become more competitive in terms of rates and fees. I also called navy federal and spoke with a VA mortgage broker. Navy Federal was upfront about the fees and rate but usaa beat them in both depts. I couldn’t nail down the mortgage broker on fees and he was not willing to provide me with a GFE until I essentially had committed to using him. I know on top of the 1% origination fee he also wanted to charge me a $900 processing fee and another $900 transaction fee, and a few other fees for a few hundred each before even getting to discount points for the loan. I maybe should have talked to other mortgage brokers but usaa seemed to have a decent enough deal.

For me VA seemed like a no-brainer as I do not have to pay the funding fee, my loan is for over 417k and I want to finance as much as they’ll let me.

[David J]

[quote=urbanrealtor][quote=jpinpb]I’ve seen a few like that. Here’s one example I just spotted. 3656 Yosemite is listed for $779,995. It last sold 12/19/2006 for $790k. Doesn’t indicate it is a short sale. It is possible they actually have been making payments for 3 years and reduced their balance a little, minus whatever they put down, if anything (doubt it). I don’t know. Maybe it’ll end up later on my NODs list.[/quote]

Yup short sale.
Bear in mind that it is required to mention that it is a short on the MLS (usually in private remarks).
Public sites do not show the private remarks.[/quote]

If you look on Redfin, you can typically tell if it is a short sale or not, as is the case with Yosemite.

[David J]

[quote=urbanrealtor][quote=jpinpb]I’ve seen a few like that. Here’s one example I just spotted. 3656 Yosemite is listed for $779,995. It last sold 12/19/2006 for $790k. Doesn’t indicate it is a short sale. It is possible they actually have been making payments for 3 years and reduced their balance a little, minus whatever they put down, if anything (doubt it). I don’t know. Maybe it’ll end up later on my NODs list.[/quote]

Yup short sale.
Bear in mind that it is required to mention that it is a short on the MLS (usually in private remarks).
Public sites do not show the private remarks.[/quote]

If you look on Redfin, you can typically tell if it is a short sale or not, as is the case with Yosemite.

[David J]

[quote=urbanrealtor][quote=jpinpb]I’ve seen a few like that. Here’s one example I just spotted. 3656 Yosemite is listed for $779,995. It last sold 12/19/2006 for $790k. Doesn’t indicate it is a short sale. It is possible they actually have been making payments for 3 years and reduced their balance a little, minus whatever they put down, if anything (doubt it). I don’t know. Maybe it’ll end up later on my NODs list.[/quote]

Yup short sale.
Bear in mind that it is required to mention that it is a short on the MLS (usually in private remarks).
Public sites do not show the private remarks.[/quote]

If you look on Redfin, you can typically tell if it is a short sale or not, as is the case with Yosemite.

[David J]

[quote=urbanrealtor][quote=jpinpb]I’ve seen a few like that. Here’s one example I just spotted. 3656 Yosemite is listed for $779,995. It last sold 12/19/2006 for $790k. Doesn’t indicate it is a short sale. It is possible they actually have been making payments for 3 years and reduced their balance a little, minus whatever they put down, if anything (doubt it). I don’t know. Maybe it’ll end up later on my NODs list.[/quote]

Yup short sale.
Bear in mind that it is required to mention that it is a short on the MLS (usually in private remarks).
Public sites do not show the private remarks.[/quote]

If you look on Redfin, you can typically tell if it is a short sale or not, as is the case with Yosemite.

[David J]

[quote=urbanrealtor][quote=jpinpb]I’ve seen a few like that. Here’s one example I just spotted. 3656 Yosemite is listed for $779,995. It last sold 12/19/2006 for $790k. Doesn’t indicate it is a short sale. It is possible they actually have been making payments for 3 years and reduced their balance a little, minus whatever they put down, if anything (doubt it). I don’t know. Maybe it’ll end up later on my NODs list.[/quote]

Yup short sale.
Bear in mind that it is required to mention that it is a short on the MLS (usually in private remarks).
Public sites do not show the private remarks.[/quote]

If you look on Redfin, you can typically tell if it is a short sale or not, as is the case with Yosemite.

[Author]

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