So Cal Homes Real Estate
Qualify For a Southern California Home
When you think about Buying a Home in Southern California,
your first step is to pre qualify for a home.
"Qualify for a Southern California Home"
You need to be pre approved to see homes and to buy a home.
Pre Qualify with a Local lender: Get a Loan to Get a Home,
Local lenders who have great low down payment programs available.
|Qualify For a Southern California Home.
1. 2 years work history.
2. Money in the bank for at least two bank statements.
3. Credit score minimum 660.
4. 2 years tax returns
If all you have is 3.5% for the down payment and no closing closing costs,
you may be able to afford a home with a special down payment assistance program from a local lender.
Closing costs on average are approximately
3% - 8% on the purchase price
of a Southern California Home.
So Cal Homes Realty is not a lender. Data is provided for information only.
Experts say that homeowners should generally spend around 31% of their gross monthly income on mortgage related payments.
When you talk to your lender to qualify, tell your lender anything and
everything about your financial history, including bankruptcy, divorce,
tax liens, judgments, child support, etc. It will only cost you money and everyone else's time, if you fail to do so.
Once you qualify, it is advisable not to incur ANY new debt, sign up for
credit cards, buy a car, empty your bank account, or anything to change
your financial status, during the purchase of a real estate transaction. This
may cause your loan not to be approved. Never buy ANYTHING for your
new home, until you have closed escrow and the real estate agent has
handed you the keys to your new Southern California Home.
You do not own the home when you sign loan docs.
You own the home when it has been recorded at the County Recorder's Office.
Buyers, seeing houses for sale, is just an e-mail away after you qualify.
E-mail or call if you have Real Estate questions.
Find out approximately how much home you can qualify for with
this easy to use mortgage calculator.
If you are an Investor interested in buying a home, Southwest Riverside
County currently has one of the highest ROI (return on investment) for
Real Estate Properties. Some locations as high as 50% higher than other areas.
Investor calculator for your convenience.
CALIFORNIA DEPARTMENT OF REAL ESTATE LICENSE 01312992