Are you buying your first home? First Time Home Buyer Guide in Santa Clarita Real Estate

Cherrie & Zach
Published on December 9, 2011

Are you buying your first home? First Time Home Buyer Guide in Santa Clarita Real Estate

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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.

[gravityform id=”19″ name=”Fill Out Form For a Free First Time Homebuyer Guide”]

 

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