Real Estate Agent with Colonial Realty Group DRE# 01380599

(818)276-6882 Lupe Soto Realtor, FHA Real Estate Agent, assisting first time home buyers and savvy investors in the areas of  Burbank CA, San Fernando Valley, Santa Clarita Valley, Antelope Valley  in Los Angeles County, Southern California,  HABLO ESPANOL



COMO CALIFICAR PARA EL PRESTAMO DE CASA:  A continuacion le explico los REQUISITOS generales que le ayudaran a darse cuenta si usted o su co-signer o garante pueden calificar para el prestamo de una casa, condo o unidades, 

REQUISITO # 1 -  se requiere SEGURO SOCIAL VALIDO de lo contrario le pediran 20% de enganche

REQUISITO # 2  SI usted tiene 2 anos de trabajo estable con W-2 mismo empleador o misma linea de trabajo, EL INGRESO IDEAL para compar en san fernando valley es de $60,000 al ano, si su income es de $36,000 a $45,000 podria considerar comprar un condo o townhome, o casas en Sur Los Angeles o Palmdale Lancaster, llame para contestar cualquier consulta; o usted trabaja por su cuenta y ha hecho sus income taxes por los dos ultimos anos


REQUISITO # 3  Credito razonable , credito nuevo, o poco credito,  el puntaje de fico ideal es de 640 para FHA home loans, se le recomienda a un prestamista local .  Si Ud tiene poco credito o no tiene credito,  le pediran informacion de pagos de renta, pagos a su aseguranza de carro, pagos de las utilidades,  

 Si Ud esta casado legalmente, ambos ingresos se utilizaran y los income taxes seran verificados por el IRS.  Si Ud esta separado y esta pendiente su divorcio y o no desea que su esposo/esposa figure en el prestamo hipotecario, le comento que el credito del esposo/esposa sera verificado y sera tomado en cuenta para tomar una decision de credito hipotecario.  lo mejor es esperar a estar separado legalmente o divorciado.   Para los que son SELF-EMPLOYED o trabajan por su cuenta, hay algunos programas de prestamos que califica con los 12 ultimos estados de cuenta de su banco, para ver sus depositos. para mas info. sirvase llamar a Lupe.


Si usted tiene estos requisitos y tiene ahorrado ENGANCHE minimo FHA es 3%, le invito a que se LLAME para explicarle sus opciones  Lupe Soto Realtor agente casas en venta o compra para una consulta complementaria para explicarle como podria ser dueno de casa o condo. 




FREE HOME SEARCH - Select the one you like & CALL / LLAME today! 

any area - any price- anytime






HOW TO QUALIFY FOR A HOME OR CONDO FHA LOAN WITH LOW DOWNPAYMENT:  There are (4) important factors to qualify for a mortgage loan:  INCOME, CREDIT/FICO Score & ASSETS or funds down & APPRAISAL value. 

INCOME:  minimum 2 years of stable job, same employer, if you have changed employer, same line or work is ok. Ideal minimum income requirements for a house in San Fernando Valley from $289,000, ideal income is at leaast $60,000 for san fernando valley if your income is less you may consider palmdale lancaster ideal iincome to qualify would be $45,000 per year or a combination of husband and wife or a family member.  Co-signers are allowed, please contact Lupe for more info.

CREDIT or fico score, ideal is 660.  if you have bankruptcy chapter 7, short sale, foreclosure or child support, the waiting time is approx 3 years.

SAVINGS for downpayment:  Savings must be in account for at least 2 months.  


APPRAISAL and value of the property.  this will be determined by an appraisal once your offer is accepted. 


ELIGIBLE PROPERTIES WITH FHA LOANS - Lo que puede comprar con FHA o bajo enganche

Houses, Condos & Townhouses hay ciertas restricciones sirvase llamar a Lupe para una explicacion o preguntele a su banco de confianza los requisitos para que el condo projecto califique, Planned Urban Developments (PUDs), Approved Condos, Double-wide manufactured homes are all considered to be eligible. Special eligibility requirements for certain properties are listed below.

Duplex, Triplex & Fourplex Unit Properties: The 3-4 Unit Property must be self-sufficient. The net rental income must be equal to or greater than the monthly mortgage payment. The net rental income is the appraiser's estimate for vacancies or the vacancy factor used by the jurisdictional HOC, whichever is greater.

Borrowers must still qualify for the mortgage based on income, credit, cash to close, and projected rents received from the remaining units.

Borrowers must have reserves equivalent to three months of PITI mortgage payments for 3-4 Units. These reserves can not be gifted and must be the borrowers own funds.


NOT ELIGIBLE PROPERTIES - Propiedades no elegibles

If the re-sale date is 90 days or less following acquisition by the seller, the property is not eligible for an FHA mortgage.

Co-ops are ineligible - Propiedades Co-Ops o cooperativas NO son elegibles

Commercial properties, boarding houses, hotels and motels, tourist homes, private clubs, sanitariums, and fraternity or sorority houses are also NOT eligible.


FHA CREDIT GUIDELINES - Requisitos de credito

Credit scores must meet certain guidelines for all FHA mortgages except for streamline refinances that do not require any credit check. Generally credit scores must be in the following range:


620 minimum credit score with most approved FHA lenders.  Some lenders will consider less than 620 with a higher interest rate.

Certain circumstances will allow FHA to be forgiving and may allow credit scores that are lower if certain compensating factors are meet such as large retirement savings, higher then expected income, or more of a down payment.

If your credit score falls within or below the 660 range you owe it to yourself to start rebuilding good credit, get access to your FREE CREDIT REPORT go to http://www.FreeCreditReport.com , learn how to raise your fico score, dispute any derogatories in your credit report, feel free to CONTACT LUPE with any questions.


CREDIT HISTORY - Historia de Credito

Non-Traditional Credit is acceptable if the borrower does not have any prior credit history or if the length of credit history is too short to qualify.  To qualify for a loan with non tratidional credit, you would need at least (3) three letters from any repeated monthly obligation such as rent, utilities, store accounts, cell phone accounts, auto insurance, and/or any other acceptable sources. Make sure to let Lupe Soto, FHA Expert & Realtor know about your current credit situation to avoid any mishaps in the processing of your mortgage.



Judgments:  Court ordered judgments must be paid completely, unless the borrower has been making regular and timely payments and the creditor is willing to subordinate that judgment to the new insured mortgage. The borrower must provide a satisfactory written explanation.


Collections: Handled on a case by case basis. If collection is more than $500, it will usually need to be paid at close of escrow.  Call/email Lupe for more details.


Bankruptcy OK - Bancarrota OK: Chapter 7 requires a minimum two-year lapse period since discharge date; minimum one-year lapse period may be acceptable if bankruptcy was caused by extenuating circumstances that are not likely to recur the reason can not be debt caused by uneducated choices. Only extenuating circumstances will be considered and only after one year has passed. In all cases the borrower must have re-established credit and must demonstrate the ability to manage financial affairs.

Chapter 13 is permitted if a one-year payout period has elapsed and performance has been satisfactory. The borrower must receive court approval to enter into the mortgage transaction.


Foreclosures - Reposeciones de Casas - Require a minimum of 3-5 years since the completion of the action and the borrower must have re-established good credit.


Delinquency or Default on Federal Debt: If the borrower is presently delinquent on any federal debt or is obligated on any type of federal lien, he or she is not eligible for an FHA loan until the delinquent account is brought current, paid, or otherwise satisfied, or a satisfactory repayment plan is made between the borrower and the federal agency owed and is verified in writing.

HOW I CAN HELP YOU OWN A PROPERTY: My sucess as a Bilingual Burbank & San Fernando Valley Realtor, FHA Mortgage Loan consultant & NACA Realtor has come in large measure from a relentless commitment to providing you with the finest real estate services in Burbank, San Fernando Valley, Santa Clarita Valley & Antelope Valley in Los Angeles County, California.

With years of experience and state of the art real estate services, mortgage planning and processing software.  Lupe provides you with the information and advice to help you make the right decision.  Now more than ever you need a mortgage broker and Realtor not a banker.  My business is built entirely upon referrals.  Please feel free to offer my servies to your friends. co-workers and family in need of professional real estate services. Simply forward this article to them, they can take advantage of all of the services I provide.

Owning a home is a keystone of wealth...both financial affluence and emotional security.

Every day. you will have opportunities to take chances and to work outside your safety net. Sure, it's a lot easier to stay in your comfort zone.  But sometimes you have to take risks. When the risks pay off, that's when you reap the biggest rewards.   Think about this and have a great day!

REALTOR EN ESPANOL, como puedo ayudarlo?




Si usted tiene 2 anos de empleo estable y verificable, si califica, si usted ha hecho sus income taxes por los dos ultimos anos y tiene ingresos estables y verificables, SI CALIFICA.  Si usted tiene 1-2 tarjetas de credito, un prestamo de muebleria, prestamo de auto y no tiene colecciones recientes, SI CALIFICA. puntaje min de fico es 640 para FHA primeros compradores. Si usted tiene el dinero para la cuota inicial o el enganche en su cuenta de ahorros o 401K plan de retiro, SI CALIFICA y usted esta listo para que le ayudemos con la pre-aprobacion de su prestamo.  Co-signers o garantes pueden ayudarlo a aplicar para un prestamo hipotecario que tengan los requisitos explicados . Los co-signers deberan ser primeros compradores de preferencia, llame si tiene alguna pregunta. la consulta es gratis!

(818)276-6882 o CONTACT LUPE haga click aqui 



El exito que tengo como Realtor en Espanol en Los Angeles Caifornia & Consultora de Prestamos Hipotecarios FHA, conventional a primeros compradores o inversionistas en espanol, national or internacional, me permite ofrecerle el mejor servicio de representacion en la compra  y guiarlo en todo el proceso de compra y el tramite de su prestamo aun asi que usted tenga su banco de preferencia, una segunda opinion es imporante ya que los gastos de papeleo varian de banco a banco.  Lupe le ofrecere una opcion con calculos de pagos por escrito y con gastos estimados de gastos de papeleo para que usted compare.  Mi meta es su completa satisfaccion.  Ofresco la completa satisfaccion de una representacion profesional, etica y una relacion de negocios de compra/venta de por vida. La mayoria de mis clientes me recomiendan con sus amistades y familiares.  Garantizado!. Llame y haga una cita con Lupe o si tiene alguna pregunta, su llamada es bienvenida.  Para un  mejor servicio envie un email a Lupe y le prometo contestarle pronto.

 Si usted esta rentando y pagan do mas de $1,800 al mes, usted tiene opciones y deberia saber que comprar una casa o condo esta al alcance de todos. 


FHA LUPE SOTO REALTOR (SPANISH/ENGLISH) SERVING AREAS:  Burbank CA & San Fernando Valley areas including: Arleta, Burbank, Canoga Park, Calabasas, Chatsworth, Encino, Glendale, Granada Hills, Hidden Hills, Lake Balboa, Lake View Terrace, Mission Hills, North Hollywood, North Hills, Northridge, Panorama City, Pacoima, Porter Ranch, San Fernando, Reseda, Sherman Oaks, Studio City, Sylmar, Sun Valley, Sunland, Shadow Hills, Toluca Lake, Topanga Canyon, Tujunga, Valley Village, Valley Glen, Van Nuys, Universal City, West Hills, Winnetka, Woodland Hills,

Hollywood, Hollywood Hills, Santa Clarita Valley, Antelope Valley in Los Angeles County, San Bernardino County, Riverside County, Orange County

La Crescenta, La Canada, Montrose, Los Feliz, Atwater, Ecko Park, Eagle Rock

Hollywood, West Hollywood, Hollywood Hills

Santa Clarita Valley areas:  Valencia & surrounding areas

Antelope Valley:  Lancaster East West, Palmdale East West, Quartz Hills, Rancho Vista, Anaverde, Juniper Hills, Pearblossom, Littlerock, Lake Los Angeles.

Los Angeles County, San Bernardino County, Riverside County, Orange County. 


Lupe Soto Realtor HABLO ESPANOL (818)276-6882

BRE# 01380599







CONTACT LUPE click here 




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Lupe Soto Realtor® Designee CERTIFIED International Property Specialist, GLOBAL Agent USA & The Americas Central & South America.
Listing Agent, Seller Agent, Buyer Agent, Relocation Specialist 

Agente Inmobiliario Bienes y Raices Local, Nacional & Internacional
Desea vender su casa?  Desea comprar una casa, pensando en reubicarse a USA 

818-276-6882 Lupe Soto - Global Cell 

LOCAL AREAS OF SERVICE:  Los Angeles County, San Fernando Valley, California

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Brasil, Canada, Costa Rica, Mexico, USA Las Vegas Nevada,
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 Lupe Soto Realtor - Agente Bienes Raices 
San Fernando Valley in Los Angeles County CA 

DRE # 01380599


 (*) any information relating to real estate for sale referenced in this video blog & social media comes from the MLS. this information may reference real estate listing held by a brokerage firm other than the broker and/or agent providing this information.



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Nathan Cook
BCR (Brazosland Classic Realty) - College Station, TX

Lupe, usted habla Espanol?   I've thought about learning to speak it...took some Spanish in high school.  Do you use it a lot in your market?

Apr 04, 2008 09:28 AM #1
Lupe Soto-Realtor
Colonial Realty Group - Los Angeles, CA
Listing, Selling, Feng Shui in San Fernando Valle


Hi, Nathan, thanks for stopping by and leaving a message. Yes, I am bilingual Realtor and a member of the National Association of Hispanics Real Estate Professionals.  Los Angeles and San Fernando Valley have a good percentage of hispanics in need of a professional bilingual Realtor.  I welcome your referrals.  Have a productive weekend Nathan.

Apr 04, 2008 06:49 PM #2
Veni F. toia

My current mortgage payment is not appropriate with my income, who should I talk to refinance

according to my monthly income.

Sep 05, 2008 03:18 AM #3

hi, Veni

if you bought your home 2 years ago and the value is less than what you owe, you may want to do a SHORT REFI. you can call  me or talk to any FHA loan lender or broker.  you will need to provide full income documentation tax returns for 2007, 2006 and recent paystubs, bank statements, etc

my phone is 818 968 3718-Lupe

Sep 05, 2008 04:41 AM #4

Would I be eligible to purchase a property with an FHA loan if the property had barns and I planned on boarding and training horses for income on the property?

Dec 18, 2008 09:21 AM #5

HI, Leo

the property must be conforming built up to code and sales price within FHA loan limits. ask an FHA appraiser or your Realtor before making an offer. Hope I am answering your question.  Lupe Realtor in Burbank CA

Dec 18, 2008 10:33 AM #6
Melinda Hoffmann
if I purchased a home using FHA as 1st and chdap as 2nd, do I still qualify for the tax credit to new home buyers?
Feb 19, 2009 02:11 PM #7

HI, Melinda:  the tax credit should be ok, please ask your tax preparer to make sure.t hanks for stopping by. Lupe@HomesWtihLupe.com


Feb 20, 2009 03:58 AM #8
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