Santa Clarita First Time Homebuyers
For first time homebuyers looking to purchase in the Santa Clarita valley, there are some guidelines to consider to make your decision easier:
- Down Payment
Have the down payment or need assistance (from family, or from special financing)?
- Credit rating
Do you have credit? Do you need repair? What is a good credit score?
- Debt to income ratio (DTI)
Are you under the required DTI?
- Monthly payment
What payment are you comfortable with?
- Home Owning vs Renting
Are you aware of the benefits you receive and how that affects your return?
- Loan programs
There are multiple programs with different down payment options
- HOA communities
Monthly fees and HOA requirement…are you prepared for them?
- Mello Roos
Additional Tax certain communities in SCV have…are you aware?
Along with these points there are other factors to consider when purchasing your first home. School districts, shopping proximity, freeway access, & neighborhood amenities all factor into the equation as well. Plus don’t forget Location, location, location! Not to mention In today’s market, short sale & REO (bank owned) properties are a major consideration when looking for a home.
For a formal sit down consultation or to receive a free buyer guide, use the form below.
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