There are various scenarios that may prompt you to look for a new home. It could be a new job in a new location, a growing family, marriage, or simply the desire to upgrade to a bigger and better home in a different neighborhood. Whatever your circumstance, we can help.

We offer the following loan programs:

Planning ahead

Things to consider when thinking of buying your next home:

  • Credit history status: If it’s not in good standing, you will need to up your credit score with the help of a credit counselor.
  • Amount of money you have available for a down payment: where will your down payment come from? Do you have savings? Will you have to sell your current home to afford buying the new home?
  • Monthly payments you can afford.

Estimate amount of money required

To calculate the total amount of money you will need to purchase a new home, be sure to include the following:

  • The amount of money you will gain from the sale of your current home to be used to buy your new home.
  • If your down payment is less than 20%, you will require mortgage insurance, which will increase your monthly payment.
  • Add closing costs along with your down payment.
  • Taxes and interest should also be added to your calculations

For expert advice and help with estimating monthly mortgage payments and down payment required to purchase a new home, contact one of our experienced mortgage advisors, or call us at (714) 907-6139