Frequently Asked
Real Estate Questions

Please click Below to see answer

All Information deemed reliable, but Not Guarenteed.
For more up-to-date information please, Call Sal Today...714-608-0955
or Complete our Contact Form HERE



How Long Will it Take to get the Loan:

Your loan can take between 30 - 45 days.

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What do I need to start the loan process:

You will need the following:

  • Two (2) years federal tax returns
  • One (1) month of your latest pay stubs
  • Your drivers license
  • Social security card
  • Two (2) years W2 forms
  • Two (2) months bank statements

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Is there a loan minimum or maximum:

You qualify for your loan amount based upon the following:

  • Income to debt ratio
  • Credit score

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How many years experience do I have:

Sal has been licensed by the State of California since 1979 and securing Real Estate loans since then. Sal has also taken numerous courses in continued education and has been keeping current with the latest in the real estate industry, to better help his clients. Sal has also received his NMLS Certification.

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How much do I need for down payment:

Your minimum down payment required depends on the type of loan you are looking for. With a VA loan there is no down payment required. An FHA loan would require at least 3 1/2% down, and finally a conventonal loan would need at least 5% down.

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What's the difference between FHA and Conventional loans:

The differences would include, income, credit rating, and down payment amount. A credit score below 680 and a down payment of less than 5% you could look into an FHA loan. call Sal to find out more details at 714-608-0955.

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All Information deemed reliable,
but Not Guarenteed.

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