Kinecta Federal Credit Union (a not-for-profit direct lender) is one of few HOMEPATH lenders in the country, with a presence in LA County.
Rene Joseph De Blanco
All the best to you,
Malibu Premier Properties
Looks like you have a lot of similar answers. I agree. Speaking with a lender at the start is a good idea. Most agents have lenders they work with on a regular basis. However there are two things missing from the comments below.
First, use a direct lender. Most properties advertised through the MLS do not include what is called "agent notes". These are bits of information that only a real estate agent has access to viewing. In many cases the sellers require that a person be preapproved through a direct lender.
Second, in my experience, some school districts have programs for teachers. A friend of mine with LAUSD was able to get assistance through a program for teachers. This was a couple of years ago, so I don't know if the program still exists. But it is worth trying.
Please email or call if you have any questions. I would be happy to help.
DRE #01723594 SFC (Short Sale & Foreclosure Certified)
Premier ServiceÂ® Professional
Definitely a good idea to get a pre-approval done by a lender first to find out exactly what you can qualify for and how much house you can buy. FHA loans are great as well for first time home buyers because you go in with only 3.5% down payment and they also allow higher debt ratio requirements (qualify easier). Credit requirements with FHA are also a more favorable than conventional loans.
Feel free to email or call me if you have any further questions and/or would like to explore other options that will maybe make sense for your situation. I'm right here Glendale.
A good place to start is with an experienced and ethical local lender. You will be asked to answer a few basic questions and be given a good idea of how much home you can afford to purchase and maintain.
1. What is my current income?
2. What are my current monthly expenses? (Auto loan, credit cars, etc.)
After the lender completes the process of taking and application and underwriting your loan, you will not only know where you stand, but also be given a Letter of Pre-Approval. The LOPA is a must to include with any offer you write for properties if you want to be taken seriously by a seller. Once you know how much house you can afford, then you must decide where you want to live and in what type of dwelling. That's when you work with an experienced and ethical REALTOR.
Please contact when I can further assist and good luck! Jeero 818.523.9995
Also thank you for your service as an educator. You guys do not make nearly as much as you should.
Dawn Marie White
Crossroads Realty Inc
If you can't get the seller to pay all your closing cost, I can help you by issuing you a lender credit to cover most if not all your costs depending on the rate. For further information click on the link or give me buzz.
Best of Luck!
Take a look at Schools First Credit Union http://www.schoolsfirstfcu.org/ ,
I have been a member since college and they have special programs and incentives for teachers.
Please let me know if I can be of any more assistance. I specialize in Uptown Long Beach where we have a wide selection of beautiful homes at really great prices. This is an up and coming area with a lot of potential.
The Lynell Real Estate Group
FB Page http://www.facebook.com/pages/The-Lynell-Real-Estate-Group-U
You are welcome to go to my site and register to "Search Like an Agent" for your Dream Home. No private information exchanged. No hassle. 100% sale & you can cancel anytime.
Let me know if I can help you.
Prudential CA Realty Glendale
I would recommend speaking to a lender first before you jump the gun and start looking at homes. Due to the lending conditions and requirements A lot buyers think itâ€™s simple to get approved by doing the calculations on the mortgage calculator. The bank looks for a good credit report, scores and the most important factor is the debt to income ratio. As a exclusive buyers Agent It would be my pleasure to get you in contact with my preferred lender, get you approved and assist you with your home search. If you have any further questions you can call or e-mail me.
Keller Williams Realty
411 N Central Ave. Suite #100
It's a very good idea to start looking for your first home now. Interest rates are still very low and property prices are very affordable. I would be happy to help in the search of your dream home. Please contact me at 818.522.0660 or provide your contact info for me to contact you if you are interested.
Prudential CA Realty