The information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we can not represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and can not be verified by Sotheby's International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information.
Typically, you have to put between 3 and 20 percent of your home’s sale price down in cash to qualify for a conventional loan (30-year fixed mortgage), but there are exceptions. If you meet eligibility guidelines, you might qualify for a home loan with a zero-down payment through Veterans Affairs (VA loans) or the Department of Agriculture (USDA loan) programs.
The steps to buying a house might seem complicated at first—particularly if you're a home buyer dipping a toe into real estate for the very first time. Between down payments, credit scores, mortgage rates (both fixed-rate and adjustable-rate), property taxes, interest rates, and closing the deal, it's easy to feel overwhelmed. There's so much at stake with a first home!

Per new Corona virus law- no Private showings- VIRTUAL TOUR AVAILABLE. Newly renovated and ready for immediate move-in, this lovely 1 bed, 1 bath condo has everything you need in an amazing Brentwood location. Featuring bamboo floors throughout, a balcony that is accessible from the living room, in-unit hook up for washer/dryer, granite counter tops, stainless steel appliances and travertine tile in the kitchen. The building is fully equipped with a heated pool, GYM, sauna, video intercom system, and gated garage with an assigned parking spot. Close to the best shops and restaurants, this home is not to be missed!


Remodeled top-floor condo in desirable Vista Del Oro area with views of the harbor and mountains. Kitchen has been updated with new white shaker cabinets, quartz counter tops and stainless steel appliances. Laundry is conveniently located inside the unit with washer and dryer included. Kitchen opens to the dining room, living area, and balcony. Both bedrooms have plush carpeting, remote control fan lights and mirrored closet doors. Master bathroom features newer tile shower and new quartz counters. Nice floor plan, 2nd floor entry. Private 2-car garage with storage. Close to parks, schools, restaurants and shopping. Ready to move in! Take your Virtual Tour here: https://my.matterport.com/sh
Down payment size is a function of three overlapping factors: your desired initial loan-to-value (LTV) ratio, your time horizon (when you want to buy), and local housing market conditions. When people talk about budgeting for a future home purchase, they generally refer to list prices: “We’re willing to pay $300,000,” or “We can afford $250,000, but no more.”
Your credit reports are an ongoing record of how you've managed your finances. You should know exactly what they say about your financial history before you apply for a mortgage. These reports and your credit score play an important role in the loan approval process, and they also determine your interest rate and other loan terms that lenders will offer you.
Down payments also protect buyers from negative equity if the market suffers a downturn. If you put 3 percent down and the market value of the home soon falls by 5 percent, you’ll be upside down on your mortgage by 2 percent; you’ll owe more than what the house is worth. However, if you had put down 20 percent, then you’ll still have equity in the home. A substantial down payment to reduce negative equity risk is not only attractive to lenders, but is also helpful in the event that owners need to sell the home for some reason.
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.
Down payment size is a function of three overlapping factors: your desired initial loan-to-value (LTV) ratio, your time horizon (when you want to buy), and local housing market conditions. When people talk about budgeting for a future home purchase, they generally refer to list prices: “We’re willing to pay $300,000,” or “We can afford $250,000, but no more.”
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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
Pre-approval requires the lender to pull the credit information (see Step 1) and assess your financial situation. The lender will then give you a letter that states the amount they would be willing to lend you. If you get in a multiple-offer scenario, being pre-approved may give you an edge because the seller will have more confidence that you will be approved for a loan large enough to purchase their home.
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