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Home loans available to prospective buyers
In California, there are several types of home loans available to prospective buyers. Here are some common options: Conventional Loans: These are traditional loans not backed by a government agency (such as FHA or VA). They typically require good credit and a down payment of at least 3%. FHA Loans: Insured by the Federal Housing Administration, FHA loans are popular among first-time homebuyers due to their lower down payment requirements (usually around 3.5%) and more lenient credit score requirements. VA Loans: Available to eligible veterans, active-duty service members, and some spouses, VA loans are guaranteed by the U.S. Department of Veterans Affairs and often require no down payment. USDA Loans:…
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Get Pre-Approved Before House Hunting
Once your lender reviews your credit, income, and assets, they’ll assess your eligibility for a mortgage. If approved, they’ll determine your maximum price range based on your financial profile and provide you with a pre-approval letter. With this in hand, you can confidently start house hunting alongside your Realtor, Don Skultety in search of your ideal home. Call or text us at 916-444-6900 When you’re ready to make an offer, Don will submit the pre-approval letter along with the contract, demonstrating to the seller that you’re already approved for financing, streamlining the buying process. Call or text us at 916-444-6900
