Strong suggestion - get pre-qualified first before you start your home search. Call me if you would like to get started.
Bill Mota 626) 233-0190
With a Fico score as yours, your loan would have to be structured as a FHA Loan with *3.5% down.
A purchase of $375,000. at *3.5 % = $13,125.00 will need to be brought in as your downpayment.
A purchase of $400,000. at *3.5 % = $14, 000.00 will need to be brought in as your downpaymemt.
With a FHA Loan you will need to have Mortgage Protection Insurance (MPI) that is added to your loan, the reason being that it is a Govt. Insured loan, this will be added to your loan on a monthly basis bringing your monthly payment a little higher. I can direct you to my preferred lender and they can answer more questions about becoming pre qualified. Please feel free to contact me with any more questions.
Beatrice "Bea" Marron
Best of luck and let me know if I can assist!