First Time Home Buyer Program In Irvine CA

If you have decided to buy your first home in Irvine, congratulations on a wonderful choice. Irvine   is a growing, thriving city with a lot of business opportunity in the heart of Orange County. It's a fun and interesting location to live and work, and a terrific place to bring up a family. This can be a difficult one as well however from a financial point of view. If you have started researching   Irvine  mortgage rates, you have probably noticed one thing. For a first-time home buyer, Irvine is not the most affordable choice!

 

That's why we are here to assist! There's no reason for you to get discouraged. Having our connection of top lenders and the special deals and discount rates that they offer our clients, we are able to help you locate the most affordable Irvine  first time home buyer loans. A lot of these are special deals you just are not going to find anywhere else.

Here's exactly what we can do for you in order to help you save money and move into your desire home fast!

Acquaint you with the entire home-buying process. As a first-time home buyer in Irvine, you are bound to have a lot of questions. We are here to answer them and make sure you recognize all the fine print before you approve a mortgage.

 

Get you acquainted with Irvine’s   special home buyer programs. The city of  Irvine  has a few special programs offering down payment assistance. Depending upon where you wish to live, what your income level is, and a number of various aspects, this might be a great fit for you.

See if you get approved for  a  Irvine FHA loan. FHA loans are targeted at a number of groups, and first time home buyers are among the main target groups. With an FHA loan, you could receive a down payment which is simply as low as 3.5% of the total cost of your property! FHA loans also include low closing costs, and they are actually easier to qualify than traditional loans. Your credit score just needs to be above 500, and you will definitely be good to go. These kinds of loans typically have friendlier terms as well, which can make them a better option now and over the long term.

 Home Loan Rates For First Time Buyer In Irvine

Home Loan Interest Rates 

Buying a home is one of the most rewarding yet stressful experiences in everyone’s life .
Selecting the best home loan rate could save you thousands of dollars in many years to come. 

Renting vs Buying

There are advantages of owning a home versus just renting; however, you have to remember that your income, savings, and monthly expenses play an important role in determining how much you can afford.

Condo or Single Family Home

Prior choosing your next home,you should pick the type that will best meet your needs for the next 3 to 5 years. An understanding of the types of homes and terminology used will help you search in the right direction.

Government loan Programs For First Time Home Buyers

CalHFA has first and junior loan options for low to moderate income families, including low to zero interest rate down payment assistance loans. Although many of our programs are for first-time home buyers, you do not need to be a first-time home buyer to use CalHFA's FHA and Conventional first mortgage loans.

More Information

Additional Articles
First Time Home Buyers Program

Find Out How long  it really take to buy a house!


How do you qualify for first time home buyer?

The First Time Home buyer Program uses income and Sales price limits to determine eligibility. Furthermore, prospective borrowers need to: Complete a Home buyer Education Course. Get approved for a Mortgage Loan and get a qualifying FICO Credit score.