If your offer called for a home inspection, this is a big day. Sure, you get to have a home inspector look over the home to make sure there are no unseen defects you want to negotiate to have fixed. But more importantly, this is the most time you’ll get to spend in your new home until closing. Go ahead and start measuring things and figuring out what goes where. This may be the last time you are inside the home until it is yours, several weeks from now.
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MUST SEE!! This Stunning 2 bedroom 2 bath unit faces the Hollywood Hills with amazing views. One of 3 units with the largest Balcony. Located in a full service "Green" high rise, incredible amenity package including private rooftop an indoor/outdoor lounge patio. Fitness center located on the rooftop. Infinity pool/spa and common area. The 24hr concierge/doorman provides safety and comfort! The building is maintained impeccably and everyone is given a warm welcome upon arrival by the Concierge. The building has employed the same cleaning crew and maintenance team for almost 10 years so you have comfort in knowing and seeing familiar faces throughout the building. Recent upgrades include ele
Buying a home is often one of the most expensive endeavors one will take throughout their life, so it’s not surprising that saving for a down payment remains a major hurdle for many Americans on their path to homeownership. But although a 20 percent down payment is considered ideal, it’s not actually as common as you might think, nor is it a necessity to buying a home.
Search for Los Angeles luxury homes with the Sotheby’s International Realty network, your premier resource for Los Angeles homes. We have 93 luxury homes for sale in Los Angeles, and 2,748 homes in all of California. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for Los Angeles.
If your take-home pay won’t get you to your down payment goal on your desired timeframe, or you’re worried about negatively impacting your lifestyle as you scrimp and save for your dream home, consider increasing your income by picking up a side gig – either by taking on a second part-time job, picking up work as an independent contractor, or exploring the many ways to make money from home.

What’s even better than recurring savings account deposits? Automated savings account deposits that you don’t have to remember to execute each month. Most banks allow recurring savings transfers from internal or external checking accounts. Examine your budget and determine how much you can afford to save each pay period or month, and then make it happen, preferably on the same date (or the day after) you receive your paycheck or direct deposit. Again, consider a separate savings account just for your down payment fund. If you’re looking to open a new account, go with one of these bank account promotions so you can make the most of the opportunity.
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
Outside of these Fannie Mae, FHA, VA and USDA loan types, there are state and local assistance programs that can help you get into a home with a low-down payment. There are also towns that offer incentives to move there, ranging from student loan forgiveness to free lots of land to build on. Even though these programs don’t cover your down payment for you, they can help you save money elsewhere if you can come up with the initial down payment up front.
Prime location in sought after neighborhood, Highland Park, positioned between Figueroa Street and York Blvd, a short walk to all of the cafes, shops, dives and restaurants. Fully remodeled California Bungalow, featuring 3 bed 2 bath with functional open floor plan, 2 car garage with additional workspace and a fully landscaped backyard with a kids play area and extensive entertaining space. Some of the major updates in 2015 include all new copper plumbing, new electrical system, new HVAC system and new master bathroom with walk in tiled shower. The kitchen details include African Mahogany wood countertops, all Samsung appliances (stove/oven, refrigerator and dishwasher). Solid blond oak woo
Buyers are also taking advantage of two Fannie Mae offer loans; Conventional 97 and HomeReady mortgages, which both allow for a minimum down payment of just 3 percent. HomeReady mortgages are designed for creditworthy, low-to moderate-income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities. Conventional 97 mortgages are designed to help creditworthy home buyers who would otherwise qualify for a mortgage but may not have the resources for a larger down payment.
The Balance does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.
Of course, most of these programs depend on factors like your income, a maximum home price, and even your profession. For example, government employees in the Washington, DC, area may be eligible for $10,000 in down payment assistance, and teachers in Los Angeles and Orange County, CA, can get up to $15,000 to help them with their home purchases. Ask your real estate agent about these types of programs that you are eligible for.
Let the serious shopping begin! By now you’ve talked things over with your agent and you both know what you really want and need in a home. Armed with this, your price range and knowledge of the local area, look at listings online and with your agent, who will come up with properties for you to tour. Chances are you’ll discover some new things to love or hate about homes and refine your search.
Personal Capital has quickly become one of the most popular tools to manage your budget and overall finances. In addition to having a very detailed budget platform with the ability to break everything down by categories, Personal Capital also gives you the tools to track your net worth. Want even more? You can analyze your investment portfolio for fees and to make sure you stay diversified.
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.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
This person will be your lifeline through the process. Not so long ago, people didn’t have much to go on when selecting an agent. A postcard in the mail or a name on a sign might have been all you had to consider if you didn’t have a personal referral. But now it’s a breeze to check reviews online. Go ahead and meet with a few agents and ask some questions. Your agent is your chief advocate, confidante and hand-holder in the process so you want to find a good fit.
Prestigious Equestrian Estates of Chatsworth on serene cul-de-sac street. Luxurious gated tennis court estate w/pool/spa on almost 39k sqft flat lot. Horses are welcome. This palatial home features 1-story+loft, formal living w/fireplace, dining, family w/fireplace & wet bar, huge game room has custom bar w/aquarium, access from French doors to bath w/shower after pool use, private insulated movie theater, custom kitchen w/granite, Kenmore elite SS Subzero, Viking pro range & double oven, Miele dishwasher, wine cellar, walk-in pantry, island w/breakfast bar, & stone floors. Separate laundry room. High vaulted ceilings, multiple skylights, & wood floors thru out. Master bedroom suite boasts
Of course, most of these programs depend on factors like your income, a maximum home price, and even your profession. For example, government employees in the Washington, DC, area may be eligible for $10,000 in down payment assistance, and teachers in Los Angeles and Orange County, CA, can get up to $15,000 to help them with their home purchases. Ask your real estate agent about these types of programs that you are eligible for.

The Balance does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.
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!
In the short and medium run, it’s much safer to invest in FDIC-insured instruments such as traditional savings accounts, certificates of deposits (CDs), and money market accounts. Though these instruments have relatively low yields – currently below 2% APY in most cases (UFB Direct is currently at 2.45%) – the risk of principal loss is extremely low. If you want your down payment to actually be there, in full, when you need it, save investments in FDIC-insured accounts are your ticket.

Government-backed loans require borrowers to pay for some form of mortgage insurance. With FHA and USDA loans, it’s called MIP, or Mortgage Insurance Premium. For VA loans, it’s called a Funding Fee. The insurance covers potential losses suffered by mortgage lenders when borrowers default. Because insurance protects lenders from losses, they are willing to allow these low down payments.

Updated, light and bright unit in the heart of Tarzana! Enter into a formal dining area with a step-down living room complete with a fireplace. The view from the balcony is of the courtyard with beautiful landscaping. The open kitchen features new countertops, dishwasher, and refrigerator. The very roomy bedroom also opens out to a private balcony and has new flooring. The bathroom is large and completely renovated. The whole unit has been freshly painted. The secure complex is quiet and features a huge lobby with an elevator to your unit. Don’t miss this great opportunity! Take a virtual tour now: https://bit.ly/2JAIjEn


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The amount you’ll be required to put down on a home depends on the type of loan you get and on the lender’s requirements. Generally, it can be difficult to qualify for a  conventional mortgage loan–one available through or guaranteed by a private lender or either of two government-sponsored entities, Fannie Mae or Freddie Mac–with a down payment of less than 10 percent. Factors including income, cash on hand, credit score and debt-to-income ratio.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Fantastic newer built (2011) single family home at the Village At Pierce development. Move in ready. FOUR BEDROOMS, THREE BATHS and nearly 1600 square feet of living space! NO HOA DUES! Grassy backyard with privacy hedges. Gourmet chef’s kitchen with custom cabinetry, granite counters and stainless steel appliances. Direct access garage. BUILT IN SOLAR – A GREAT SAVINGS ON UTILITIES.. All four bedrooms are located upstairs, highlighted by a grand master bedroom suite with walk in closet and spa like master bath with dual vanities. Three additional generously bedrooms share a full bathroom off the hallway, PLUS a bonus loft/office/den area with a skylight providing tons of natural light. Cus
If you are unable to make a 20% down payment, there are many lenders that will allow you to make a smaller down payment on a house. Among them is the FHA, which offers mortgages with as little as 3.5% down, if your annual income is under a certain amount that varies by market. There are even some lenders, like the U.S. Department of Agriculture, that allow you to put 0% down, but eligible homes are usually in rural areas, and your income must meet certain low requirements.

"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.


Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Government-backed loans require borrowers to pay for some form of mortgage insurance. With FHA and USDA loans, it’s called MIP, or Mortgage Insurance Premium. For VA loans, it’s called a Funding Fee. The insurance covers potential losses suffered by mortgage lenders when borrowers default. Because insurance protects lenders from losses, they are willing to allow these low down payments.
Beautifully remodeled top floor unit in the heart of Tarzana. Updated kitchen with soft close cabinets, under-mount sink, and designer pull out faucet, stainless steel range, stainless steel dishwasher, and stainless steel microwave. Open floor plan. Master bedroom is spacious and bright. Quiet building with pool and controlled access. Unit has a private 1-car garage with storage. Located just minutes away from Pierce College, major restaurants, and shopping. Don’t miss this great opportunity!
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