4 Alternatives to the Traditional Loan



There are many great San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (626) 643-7090 for a FREE home buying or selling consultation to answer any of your real estate questions.

If you're considering purchasing a new home, you are going to need a loan. The question is, what type of loan is right for you? There are many alternative loan programs that can help you borrow even if you've had trouble doing so in the past. Here are 4 you should consider:
  1. For those who have income that doesn't show up on tax returns. There are 5- and 7-year fixed-rate loans that you are eligible for. You must have a FICO Score of at least 660 and have an income that qualifies. Depending on your down payment, interest rates are anywhere from 5.25% to 7.75%. 
  2. For those in business shown as a wage earner. In this case, 60-80% of the loan amount is based on 12 months of bank statements. 
  3. For those with VOE. All that is needed for this type of loan is verification of employment (VOE). You don't need pay stubs, tax returns, or your W-2 to be eligible. 
  4. For foreign nationals. If you are looking to by a home, we can can refer you to the right loan agency.
If you have any friends, family, or co-workers that might be interested in getting a loan, I would love to help. For more information on our alternative loan programs, send me an email or give me a call. As always, stay safe and stay happy.

How we helped Ken buy a property by helping him find a good price

"When Shawn helped me buy a property, he went around and looked for a good price for me. He really helped me from the beginning until the end and everything went very smoothly."

Free resources for you to track your credit score



There are many great San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (626) 643-7090 for a FREE home buying or selling consultation to answer any of your real estate questions.

Last time I spoke with you about credit and how to rebuild your score after a short sale. I told you about various places where you can get free credit scores. After doing some research, I have found even more services that can offer you free credit scores. 

You can visit www.quizzle.com or www.equifax.com to get your free credit scores. 

Another great place where you can get a free credit score is www.creditsesame.com. These websites allow you to track your credit score and they can notify you when it changes. 

Knowing your credit score can make for a much more efficient real estate transaction when you're trying to get financing to purchase your dream home.

As always, if you have any questions about real estate in Covina or Los Angeles, please do not hesitate to contact me. I would be glad to assist you in any way possible.