Financing

Los Angeles California Home Loan

Finance Your Dream Home in Los Angeles, California – Home Loan with Low Interest Rates and Fees. Exceptional service. The Path to Homeownership Starts with us. Imagine buying your dream home. Connect with us to help you make it happen.  

Getting a Home Loan Financing

You’ve decided to buy a home. When purchasing a home there are certain steps that must be followed. These steps ensure you are fully prepared to own a home. So, what’s the next step? Before you start viewing homes, getting a pre-approval now can help you decide what the right price point is for you. It can also help you decide what type of home you’ll prefer, and what your monthly payments are going to be. The best reason for getting pre-approved now is the strength it gives you as a buyer, over other buyers you will be competing against for the more desirable and well-priced homes. 

What Kind of Home Loan Financing is Best for You?  

Only you, along with the guidance of your experienced and trusted mortgage lender, can decide that. But below we list just a few options that may work for you: 

  • Conventional Loan.
  • FHA Loan.
  • VA Loan.
  • USDA Loan.  
  • Jumbo Loan.
  • Non Prime Mortgage.
  • First Time Homebuyer Programs 
  • Owner Occupied / 2nd Home / Investment 
  • Very Competitive Interest Rates 
  • Experienced 5 Star Rated Yelp and Zillow Lender 
  • Verification of employment (VOE) Loan

So, are you ready to get started with home financing? Call us now for more details of each loan type and interest rate! 

Contact Us

Would You Like to Get Pre-Approved for a Mortgage? Contact Us to get pre-approved for a home loan.

If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.

Faruk Bhuiyan 

Star Commercial Real Estate 

Direct: 562-213-8892 

NMLS 349163, CA DRE # 01874432

Do You Have Questions Regarding a Mortgage Program? 

Contact Loan Officer Now For Financing your home loan 

                                                 

                                               COMPLETE THE FORM BELOW

 

    Our team of local financing experts are ready to guide you through the home buying process. We are committed to fast, professional, courteous, and personal service to help you understand and feel at ease throughout the home buying process. Our trained and certified loan originators specialize in financing homes in the Southern California real estate market. We are prepared to find the right loan program with competitive rates and low-down payments for you. 

    From researching neighborhoods all the way to closing, we can guide you every step of the way — and that includes sharing tips on things to consider as you shop for the right mortgage loan. 

    Ready to Get Started? Click or Call Us Now! 

    Mortgage Calculator

    Our handy calculators let you estimate your monthly mortgage payments, find out how much house you could afford, and more. 

    Calculate Your Monthly Payment 

    Crunch your own numbers with our mortgage calculators. Run as many different scenarios as you’d like to see how much home you can afford. 

    Home Loan Process 

    Step 1: Determine Your Budget. 

    Don’t look for homes until you know how much you can afford each month. Rule of thumb is to not exceed 30% of your gross monthly income on housing. When factoring your budget, you should also factor in everything related to housing, including: taxes, maintenance, and insurance. Remember you will be paying this amount for the duration of your mortgage. You can use our mortgage calculator when determining your budget. 

    Step 2: Get Pre-Approved. 

    Once you have an idea of how much you can spend, you will want to work with your assigned expert loan officer to get pre-approved for financing, as this provides you with purchasing power. The document requirements for mortgage pre-approval vary by lender, but typically, you will need to provide documents proving your financial standing. These will include, but may not be limited to: 

    • Original pay stubs for the past 30 days. 
    • Two years of W2s. 
    • Two years of federal tax returns. 
    • Sixty days or a quarterly statement of all asset accounts including your savings, checking, and any investment accounts. 
    • Individual circumstances, such as divorce or bankruptcy, will require additional documents. Please discuss this with your loan officer. 

    Step 3: Choose Your Home Mortgage Loan. 

    Now that you have been pre-approved for financing, you are ready to choose the loan that is right for you. Today there are many loan options to consider including conventional, VA, FHA, and Jumbo financing. With so many options available, it is easy to get confused, which is why we take the time to work with you in securing the loan that is in your best interest. 

    Step 4: Shop for a Home. 

    After you have completed steps 1 through 3, it is time to start house hunting! 

    Ten Home Loan Tips to Save You Money

    Buying a home can be a exciting experience. But finding the right home is just one step in the process. Choosing the right home loan can be just as important. Here are some tips to help make finding the right home loan as easy as possible. 

    Start Saving for a Down Payment 

    Depending on the type of loan you choose, your required down payment can range from 3% to 20% of the purchase price of the home. Establishing a monthly budget will help you put away enough money for your down payment. Call us to discuss about your situation. 

    Improve Your Credit Score 

    The low-interest rates you see advertised everywhere aren’t for every borrower. They are only for qualified borrowers, aka borrowers with good credit and low debt-to-income ratios. It’s a good idea to obtain a copy of your credit report before starting the home buying process. Having a good credit score puts you in a position to attract the best deal on your home loan. You will see what your credit profile looks like to potential lenders and can then take steps to improve your credit score if necessary. 

    Watch Your Debt to Income Ratio

    Your debt-to-income ratio or DTI compares your total debts to your gross monthly income (income before taxes). Ideally, your DTI shouldn’t exceed 43 – 50%. That means any payments that report on your credit report shouldn’t exceed 43 – 50% of your income before taxes.

    The less money you have committed each month, the more likely you are to make your mortgage payments. Lenders often give lower interest rates and/or closing fees to borrowers who are a lower risk of default.

    Get Your Financial Document in Order

    When you apply for a mortgage, you will need to provide your lender with a number of financial documents. Having these documents already assembled will help accelerate the processing of your loan application. At a minimum, you should be prepared to provide your last two pay stubs, your most recent W-2, your last two years of tax returns, and current bank statements. 

    Utilize a Mortgage Calculator 

    Mortgage calculators are great tools for helping you understand how much home you can afford. They are very easy to use and can show you how much your monthly mortgage payment would be under different home price, down payment and interest rate scenarios. Check out a variety of our handy mortgage calculators. 

    Learn How to Compare Offers 

    All mortgages are not created equal. Even if loans have the same interest rate, there could be differences in the points and fees that make one offer more expensive than another. It’s important to understand all of the components that go into determining the price of your mortgage, so you can accurately compare the offers being made.  

    Start Tracking Interest Rates 

    The interest rate will be one of the biggest factors in determining the cost of your mortgage. Interest rates for mortgages change almost every day and it is helpful to know which way they are heading. 

    Get Pre-qualified 

    Many real estate agents want you to be pre-qualified for a loan before they will start to work with you. The mortgage pre-qualification process is fairly simple, usually just requiring some financial information such as your income and the amount of savings and investments you have. Once you are pre-qualified, you will have a better sense of how much you can borrow and the price range of the homes you can afford. 

    Understand the Various Loan Options 

    Maybe your parents had a 30-year fixed-rate loan. Maybe your best friend has an adjustable-rate loan. That doesn’t mean that either of those loans are the right loan for you. Some people might like the predictability of a fixed-rate loan, while others might prefer the lower initial payments of an adjustable-rate loan. Every home buyer has their own unique financial situation and it’s important to understand which type of loan best suits your needs. 

    Be Prompt in Responding to Your Lender 

    After you have applied for a home loan, it is important to respond promptly to any requests for additional information from your lender and to return your paperwork as quickly as possible. Waiting too long to respond could cause a delay in closing your loan, which could create a problem with the home you want to buy. Don’t put yourself in a position where you could end up losing your dream home, as well as any deposit you may have put down. 

    Don’t Mess Up Your Credit During the Loan Processing 

    It’s not uncommon for lenders to pull your credit report a second time to see if anything has changed before your loan closes. Be careful not to do anything that would bring down your credit score while your loan is being processed. So, pay all of your bills on time, don’t apply for any new credit cards, and don’t take out any new car loans until your home loan has closed. 

    Contact Us

    Are you a first time home buyer looking to purchase a home in Orange County, California? Call/Text Now at (562) 213-8892 to Schedule an Appointment. Contact us to get pre-approved for a low interest loan.