When it is a perfect time to buy a house in Rancho Cucamonga California? That is a very good question and the answer is “It is always a good time to buy a house in California.”
If you can purchase a home with your credit, income and ability for the down payment, then what is stopping you to at least explore your lending options? Is it fear, is it you have spoken to everyone but a mortgage professional and those individuals have discouraged you from moving forward or you think you will not qualify based on what others who are not in the mortgage industry are saying?
That is why I encourage you to speak with a career licensed loan officer in Rancho Cucamonga such as myself so I can present you with all available loan options bases on your income, budget, credit and ability for the down payment. There are 2 true no money down payment home loans programs in California and they are VA home loan and USDA home loan.
A career loan officer like myself stays updated on new and updated mortgage underwriting guidelines to ensure we address and explore all available loan options for traditional financing. You know we visit a doctor for anything that is aliening us, we do not ask our sphere of influence to diagnoses us or operate on us, that is why you should and seek out local licensed loan officers to work with.
Rents are only doing nothing but continuing to increase year after year, making owning a home more affordable than renting. You may have some hurdles when applying for a home such as credit or down payment. If you can afford to pay rent then you will be be able to budget for a house payment.
If you lack the credit profile, then I can let you know what you will need to do in order to build a lending credit history. Down payment can come for several different sources, down payment assistance, gift, retirement account to name few.
Do not turn yourself down before you know all the facts about your purchasing power, you might be surprised on what you find out after speaking with myself about the home loan process here in California.
So when it is a good time buy a house in Rancho Cucamonga? It is always a good time to buy real estate. The one thing about property values is they go up and down, as you pay your mortgage payment that will pay down the loan amount and build equity to one down own a free and clear house or sell and make a profit on your investment. Buying a house is a long term venture as long as you are on a fix rate mortgage term for 10, 15, 20, 25 or 30 years. Being on a fix rate will ensure your principle and interest payment will remain the same through out the term of the loan. You can not say that about rent, as they continue to increase year over year, stop the vacuous cycle of renting and explore your option of buy a house in Rancho Cucamonga.
I welcome the opportunity to assist with your home buying process with all traditional home financing. I will review you income, assets and credit to be able to present you with all available loan options so that you can make an inform decision on which route you wish to proceed with.
I can be reached direct by phone or text at 990-503-5600 or email me HERE and let’s begin your path towards homeownership.