Each mortgage lender (LendingTree is just one example) will scrutinize your financial background—such as your debt-to-income ratio and assets—and use this info to determine whether to loan you money, and what size monthly payment you can realistically afford. This will help you target homes in your price range. And that's good, because a purchase price that's beyond your financial reach will make you sweat your mortgage payment and puts you at risk of defaulting on your loan.
For lenders, whether it’s a bank, credit union, or other type of lender, a down payment helps offset their risk in making a mortgage loan because it means the borrower immediately has some skin in the game–an investment to protect. The more money you pay down, the less the lender stands to lose if you default on payments and the lender has to foreclose, especially early in the loan term. This is why borrowers who put less than 20 percent down usually have to get PMI, as it protects lenders by repaying the unpaid portion of the loan if the borrower defaults.

Oh, and did we mention the Los Angeles weather? With year-round high temperatures that rarely dip below 70 degrees Fahrenheit, it's safe to say that in LA, it's nearly always a great day for a trip to the beach. The only problem you'll have is choosing which beach to go to. Would you prefer the carnivalesque atmosphere of the Santa Monica pier? Or maybe you'd like to experience the vibrant local color of Venice beach? If you're feeling swanky, put on your best designer swimsuit and spend the day sunning on Manhattan Beach. The choice is yours. And speaking of choices, when it comes to real estate, Los Angeles homes for sale truly have it all. Whether you're seeking to purchase an affordable starter home in an up-and-coming neighborhood, an immaculately restored historical bungalow, a mid-century masterpiece or a chic, modern mansion, the city of LA has just what you're after. Not quite ready to buy? No problem. You'll also find plenty of apartments for rent in Los Angeles in our rentals section, ranging from affordable to opulent. Great places go fast in LA, though, so make sure you have your checkbook ready. The world-famous Los Angeles lifestyle is waiting for you.


Welcome home to this beautifully designed hillside 3 Bed with Office/Den and 3 bath in Franklin Hills area of Los Feliz. Beautiful Brazilian Cherrywood floors throughout entire home with tile on entry level and bonus room/office/Den. Living room with gorgeous wood beamed vaulted ceilings, balcony and fireplace. Split level dinning room that leads to large kitchen with white cabinets with granite counter tops. Family room leads to patio outdoor living area. All bedrooms on top floor with spacious master suite with balcony and wood beamed vaulted ceilings. Brand new tastefully updated master bathroom with shower, tub and dual vanity. Incredible views from top floor/bedrooms. Some of the featu
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby's International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby's, the operator of the auction house. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744.
Welcome home to this beautifully designed hillside 3 Bed with Office/Den and 3 bath in Franklin Hills area of Los Feliz. Beautiful Brazilian Cherrywood floors throughout entire home with tile on entry level and bonus room/office/Den. Living room with gorgeous wood beamed vaulted ceilings, balcony and fireplace. Split level dinning room that leads to large kitchen with white cabinets with granite counter tops. Family room leads to patio outdoor living area. All bedrooms on top floor with spacious master suite with balcony and wood beamed vaulted ceilings. Brand new tastefully updated master bathroom with shower, tub and dual vanity. Incredible views from top floor/bedrooms. Some of the featu
Take as much time as you need to find the right home. Then work with your real estate agent to negotiate a fair offer based on the value of comparable homes in the same neighborhood. Once you and the seller have reached agreement on a price, the house will go into escrow, which is the period of time it takes to complete all of the remaining steps in the home buying process.
Beyond program-specific requirements, these special loans have some important drawbacks. Perhaps most importantly, they carry private mortgage insurance (PMI) premiums until LTV reaches 78% (though you can formally request PMI removal at 80% LTV). In some cases, these annual premiums can exceed 1% of the total loan value – an extra $3,000 per year on a $300,000 loan, for instance.
Your state and perhaps local governments may offer down payment assistance programs as well. For instance, in my native Minneapolis, the Minnesota Homeownership Center has a handy Down Payment Assistance finder that tells prospective homeowners about down payment financing and non-financial assistance resources available in their areas. In California, Golden State Finance Authority provides direct, need-based grants (with some strings attached) worth up to 5% of the loan amount – not an insignificant sum in pricey California metro areas like San Francisco and Los Angeles.
Your state and perhaps local governments may offer down payment assistance programs as well. For instance, in my native Minneapolis, the Minnesota Homeownership Center has a handy Down Payment Assistance finder that tells prospective homeowners about down payment financing and non-financial assistance resources available in their areas. In California, Golden State Finance Authority provides direct, need-based grants (with some strings attached) worth up to 5% of the loan amount – not an insignificant sum in pricey California metro areas like San Francisco and Los Angeles.
So what is a good credit score? You can expect a good mortgage rate at anything above 720. Home buyers who pursue an FHA loan can usually secure a loan if their credit is 580 or over. FICO scores are available at www.myfico.com for a one-time or monthly fee. Once you know your score, you can find out what interest rate you will likely qualify for by researching interest rates on Zillow.
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Highly desirable Alden Tract in West Hills. This lovely remodeled 3 bed 2 bath home features an abundance of natural light throughout. Newer laminate flooring in living room, hallway, bedrooms and kitchen; tile in bathrooms. All three of the spacious bedrooms feature good-sized closets with mirror sliding doors and ceiling fans. The brand new kitchen cabinets with all appliances included. Quartz counter tops with island open to living room. The large picture windows in the living room and dining area allow for perfect views of the lush back yard with beautiful flowerbeds. Perfect for entertaining with the covered patio providing shade in the hot summer days. Newer 4-ton central heat and air
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"Down payment": It's amazing that these two little words have such a profound influence on your homeownership process—and your life! Ask most people what is an acceptable down payment on a house, and nine times out 10 they'll tell you it's 20% of your home's selling price. So you do the math, figure you'd have to put down $50,000 on a $250,000 house, and break out in hives when you realize that the chances of your getting out of that tiny one-bedroom apartment are slim.
In the past month, 2024 homes have been sold in Los Angeles. In addition to houses in Los Angeles, there were also 1890 condos, 372 townhouses, and 1317 multi-family units for sale in Los Angeles last month. Los Angeles is a moderately walkable city in Los Angeles County with a Walk Score of 68. Los Angeles is home to approximately 3,787,000 people and 1,678,570 jobs. Find your dream home in Los Angeles using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Los Angeles are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Los Angeles. Our Los Angeles real estate stats and trends will give you more information about home buying and selling trends in Los Angeles. If you're looking to sell your home in the Los Angeles area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Los Angeles with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.
How you progress through a home buying transaction can vary somewhat depending on the real estate laws and customs where you live, but many steps are standard. You'll feel more confident about your home-buying journey when you understand the chain of events and what's required of you, as well as every other person who's involved in the transaction.
Possibility of 2 ADU's. Buyer to verify with City. Welcome to a beautiful Mediterranean Villa in Woodland Hills, south of Mulholland. This Calabasas adjacent home has 4 bedrooms and 3 bathrooms and a a detached unit (potential for ADU) plus 3 car garage and is located in prestigious south of Mulholland with easy freeway access, minutes to the beach, the Village shopping center in Warner center and Calabasas Commons. Perfect for entertaining, the family room leads you to the french doors opening to your backyard where guests can enjoy a tranquil atmosphere, and lush landscaping. Light and bright main house with vaulted ceiling has updated kitchen, flooring and recessed lighting. Nearly 2
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