Buying a
Home
Get your Loan Pre-approved
Find Out What You Qualify For &
Estimate Your Mortgage Payment!
GUIDE TO BUY A HOME
Home Buyer Mortgage Guide for Los Angeles, CA
Your Step-by-Step Guide to Buying a Home in Los Angeles
Step 1: Assess Your Finances
Evaluate your budget, credit score, and savings. Aim for a credit score above 620 for better mortgage rates in Los Angeles.
Step 2: Get Pre-Approved for a Mortgage
Contact lenders to get pre-approved. This helps you know your budget for homes in Los Angeles, where median prices are around $800,000.
Step 3: Calculate Your Mortgage and Income Requirements
Estimate monthly payments and required income based on home price, down payment, and debts.
Your Required Annual Income: $0
Monthly Mortgage Payment: $0
Property Taxes: $0
Homeowners Insurance: $0
Total Mortgage Payment: $0
Monthly Payment Liabilities
Step 4: Find a Real Estate Agent
Hire a local agent familiar with Los Angeles’s neighborhoods.
Step 5: Search for Homes
Explore homes in Los Angeles using online platforms. Filter by price, size, and features.
Step 6: Make an Offer
Work with your agent to submit a competitive offer based on Los Angeles’s market trends.
Step 7: Home Inspection and Appraisal
Schedule a home inspection and appraisal to ensure the property’s value and condition.
Step 8: Finalize Your Mortgage
Complete your loan application and submit documents to your lender.
Step 9: Close on Your Home
Sign final paperwork and pay closing costs (typically 2-5% of the home price in Los Angeles).
Step 10: Move In!
Congratulations! Plan your move to your new Los Angeles home.
Office:
453 S. Spring Street, Suite 400,
Los Angeles, California 90013
Call
+1(213) 510-1717
Mortgage Disclaimer
Important Disclosure for 100% Financing Options
This website provides general information only, not a loan commitment. 100% financing options (VA, FHA with DPA, USDA, CalHFA) are subject to credit approval, appraisal, and program guidelines. Terms/rates may change.
- VA Loans: For eligible veterans/service members. No down payment. Min. credit ~620. VA funding fee applies.
- FHA with DPA: 3.5% down, 100% financing with DPA. Min. credit 600. PMI required. DTI ~56.9%. Income limits may apply.
- USDA Loans: Rural areas. No down payment. Min. credit ~640. Income ≤115% AMI. DTI ~29/41%.
- CalHFA: DPA for first-time buyers. Min. credit ~660. Income limits by county. DTI ~45%.
Eligibility varies by credit, income, and program rules. Consult a professional for details. Not affiliated with VA, FHA, USDA, or CalHFA.
Los Angeles Mortgage Lender
NMLS #2530594
Equal Housing Lender.
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