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When purchasing a property for the first time, you will likely come across shocking discoveries. This is especially true in California, which has some of the country’s highest property prices. This poses a serious problem for individuals hoping to break into the Golden State’s homeownership market.
CalSun Mortgage recognizes that the process of purchasing a home can be intimidating, not to mention costly and offers a variety of financing packages to assist qualified first-time home purchasers in obtaining a mortgage.
A regional loan program with a low credit score or down payment restrictions is exactly what most borrowers need when looking for a first time home buyer loan.
Mortgage Refinance interest rates are affected by a borrower’s financial credentials.
CalSun Mortgage - The Perfect Mortgage Provider for First Time Home Buyers
A mortgage is likely the largest loan that you’ll ever take out during your lifetime. This is why you need a trustworthy mortgage lender who has the experience and knowledge to get you the mortgage you need. CalSun Mortgage has been in the real estate business in California for over 30 years.
We specialise in residential loans for one to four units, conforming and jumbo loans, as well as government (FHA and Reverse Mortgage) loans. With no upfront application fees or deposits, our loans are supplied at the most competitive rates and pricing opposed to huge banks and other mortgage firms.
If you are a first time home buyer looking for the best possible solution for you, CalSun mortgage can help you find the mortgage you need.
Efficiency, Simplicity, and Friendly Professional Service are the pillars and core of our organization. We are committed to deliver what we promised.
FHA loans are ideal for first-time homebuyers because they offer lower upfront loan fees and easier credit standards, as well as the ability to put down as little as 3.5 percent on a home. 3 FHA loans cannot exceed the above-mentioned statutory limits.
You may be eligible for a $10,000 First Home Owner Grant (FHOG) if you are purchasing or developing a new home worth up to $750,000. The property must not have been previously sold or occupied to be eligible.
You cannot have owned or co-owned a home in the previous three years to be deemed a first-time home buyer. Like any other borrower, you’ll need to qualify for the loan. A minimum credit score and a maximum debt-to-income ratio will be imposed by the mortgage lender.
The Scheme’s goal is to reduce the time it takes for first-time home buyers to accumulate a deposit. The scheme operates by allowing first-time home purchasers to acquire a home with only a 5% deposit.
To qualify for a home loan, first–time buyers must provide proof of income and steady work for at least two years. Home buyers also need to have sufficient credit scores and debt to income ratios.