Affordability is a huge factor in the Housing market, determining how much home a Buyer can afford. Even when a Buyer can qualify for the payment, coming up with 3.5%, 5%, or more can be 10’s of thousands of dollars. There are programs to help!
By watching this short video, multiple resources will be offered. You can search by property address here. Not all areas of California qualify, some are regional or local programs. This could make the difference in becoming a homeowner now before rates rise.
A good lender can guide you through the process, and help you identify potential programs to help you. In order to make an offer on a home you want, you’ll need to have your financing in place. You’ll want to apply, and provide all required documentation to figure out what your monthly payment options will be, so you can start the process and narrow down the price you want to pay.
Once you start the home search, using a mobile app is helpful for finding homes in areas you may be interested in. You’ll need to work with your agent to proactively search and communicate about new properties as they come onto the market. Depending on how strong your local market is determines how quickly you need to identify, see and submit an offer in order to have an opportunity. If there are multiple offers, you may need to use some of our strategies for winning out competing bids.