Credit is one of the main factors in loan approvals and payment qualification since your credit score corresponds with the interest rate offered.
Homeowner’s Insurance is required by lender’s, not state law. In California there is standard homeowner’s insurance and amendments and add-ons depending on different factors like location of the property.
This video covers some commonly used down payment options. Are any of these options new to you? Discuss your options with a professional loan consultant to determine the right down payment for your scenario.
Home inspections are not required to purchase real estate in California. However, they do give buyers, sellers, and the agents in involved information about the property which may include issues that need to be addressed.
A Home Warranty is not required by the lender or to purchase real estate in California and is not a Homeowner’s Insurance policy. It helps with the cost to repair or replace appliances and other items in a home purchase.
With the 2024 National Association of Realtors update to buyer compensation, it’s important to understand buyers options when hiring an agent for representation.