RSB & Associates
Southern California Real Estate - Orange County Homes
Return to the RSB Home PageFIRST TIME HOME BUYER - Are you ready?
We know what a big step purchasing your first home can be. It is a huge investment whether you purchase one on your own, with your family or a partner. RSB & Associates understands the unique needs of first time home buyers as we were all once a first time purchaser. We will try to put those fears at ease by answering your basic questions, providing options that best fit your needs and explaining the entire process clearly so that you understand what it takes to truly afford and enjoy your new home. We want you to be satisfied and feel this investment decision you have made is a step in the right direction.
Please feel free to contact us at anytime with any questions you may have. We are here to help with first time home purchases, loan product selection and complete real estate services.
(888) 688-0883 Email: info@rsbrealestate.com
First Time Home Buyer
Easy 5 Step Process
Step 1 - Is it the right time for you to buy? Assess your situation. Find out what loan amount you qualify for and what you can really afford. Speak to one of our associates who will guide you through the process.
Step 2 - Prequalify. This step will involve checking your credit, verifying assets and income for the last 2 years.
Step 3 - Start your target search. Get access to the MLS. Start shopping for homes in your desired area and target price range. This may take a while before you find something you like.
Step 4 - Once you do find something, contact the associate who helped you prequalify. Let them know which properties are of interest to you. Our licensed Realtors will be able to show you the home, offer advice and answer questions.
Step 5 - If you find that perfect new home, then it is time to make an offer. Our Realtors will represent and assist you through the process. Remember you must be pre-qualified to make an offer.
GOVERNMENT ASSISTANCE -
We recommend all first time home buyers check to see if they qualify for the programs below FHA or CalHFA loans.
Minimum down payment on a FHA insured loan is 3% and the minimum down payment on a CalHFA loan is 5%. However this amount may be reduced to a $0 down payment if you qualify for grants or community assistance programs. Many borrowers are unaware they qualify for the $0 down.
Our rates are extremely competitive. We will make every attempt to beat a valid rate quote to earn your business. If you do find a better deal, we will never hold you back from making the right decision.
FHA INSURED LOANS - Loans are financed by HUD approved government lender, IGS. The FHA does not issue any loans. The FHA is a government agency that insures private loans to help borrowers get the amount they qualify for and reduces risk to private lenders. Please visit our FHA page or the official government site for more information.
CalHFA LOANS - Loans are funded through CalHFA approved lender, IGS. Once the loan is closed, CalHFA will purchase the mortgage from IGS. CalHFA is a self-supported State agency that does not use tax payer dollars but rather revenue from the mortgage loans to repay their bonds. Please visit our CalHFA page or the official CalHFA site for more information.
PROTECTING YOURSELF FROM FRAUD
RSB & Associates recommends you visit http://www.hud.gov/offices/hsg/sfh/buying/loanfraud.cfm for more information.