Our Free Purchase Assistant has been designed to help narrow down options based on your individual needs. It's quick, it's easy, and the more questions you answer - the more accurate your results. Once reviewed, a pre-approval helps take the guesswork out of buying. There is a firm figure that you, the purchaser and seller can work with in confidence. Affordability parameters and appropriate loan programs are identified and details such as the amount of cash required to close are also determined.
Frequently Asked Questions
How much do I need for a down payment on a home in Los Angeles?
It depends on the loan program. Conventional loans can go as low as 3 percent down, FHA loans require 3.5 percent, and VA and USDA loans allow qualified buyers to purchase with no down payment at all. Down payment assistance programs can also help cover part or all of what you need. We review your situation and show you the lowest down payment you actually qualify for.
What credit score do I need to buy a home?
Many buyers are surprised by how flexible the requirements are. FHA loans can be available with credit scores in the low 600s, and some programs go lower. A higher score usually means a better rate, but a lower score does not automatically disqualify you. If your credit needs work, we can point you toward the fastest ways to improve it before you apply.
How expensive of a home can I afford?
Affordability comes down to your income, monthly debts, down payment, and current interest rates, not just the price tag. A good rule of thumb is that your total housing payment should stay within a comfortable share of your monthly income, but the real answer depends on your full picture. We can pre-qualify you quickly so you know your true budget before you start shopping.
What is the difference between pre-qualification and pre-approval?
Pre-qualification is a quick estimate of what you might be able to borrow based on the information you provide. Pre-approval is a stronger, verified commitment based on a review of your income, credit, and assets. In a competitive Los Angeles market, a pre-approval makes your offer far more credible to sellers, so it is worth doing before you tour homes.
Can I buy a home if I am self-employed?
Yes. Self-employed buyers often qualify even when their tax returns do not show their full income. Programs like bank statement loans let you qualify based on your actual deposits rather than your net taxable income. We work with self-employed and 1099 borrowers regularly and can match you to the right home purchase loan for how you earn.
How do I get started with a home purchase loan?
The easiest way to start is to call us at (818) 999-6070 or complete our online application. We will review your goals, pre-qualify you, and walk you through the loan programs that fit your budget. As always, feel free to call us if you have any questions.
