Home Loans In Fresno, California 

Covering over 110 square miles in the San Joaquin Valley, Fresno is the fifth-most populous in California. Fresno is a bustling hub with many attractions, including the famous Yosemite National Park, best known for its idyllic waterfalls. 

The housing market in Fresno has had its ups and downs. Still, it offers many potential homeowners the chance to live in the Golden State at more affordable rates than cities like San Francisco, San Jose, and Los Angeles. 

Are you looking to buy a home in Fresno? Here are our best tips for streamlining the process and finding the perfect property. 

Fresno Home Buying Made Simple With Capital Home Mortgage 

Buying a home is a vast, exhilarating deal, even though it can often be a lengthy process. Before taking the plunge, use these tips to guide your decision-making so you’re better prepared for the various stages in the home buying process.

• Understand How Much You Can Afford

If you’re like most people, a home purchase is likely to be the most expensive financial outlay in your lifetime. So before you start looking at listings, it’s essential to establish how much you can afford. 

Work out the loan amount needed and how much you’ll need to pay every month. Compare these figures against your monthly income and expenses. To save time, you can use our mortgage calculator. 

• Factor In Other Costs

Mortgage payments are just one of many costs when buying a home. You’ll also need to factor in the remaining costs, such as property tax, inspection fees, homeowner’s insurance, Homeowners Association (HOA) dues, and even basic upkeep.

Take note of interest rates and any add-on charges that may apply to your loan. For instance, if you’re applying for a conventional home loan with a down payment lower than 20%, you’ll need to pay private mortgage insurance. 

• Be Realistic With Your Selections

We all have an idea of what would make a perfect house. However, while we can be picky, it’s vital to remain realistic when house hunting. Prioritize the most important features to you and let minor considerations slide. 

An excellent way to do this is to visualize yourself in the home over the long term. Most home loans have terms ranging from 10 to 30 years if you can see yourself comfortably making repayments on a particular property that you like over this period. 

• Improve Your Chances Of Securing The Mortgage Loan

There are several factors to consider here, but two areas that require special attention are your credit score and the down payment. 

If your current credit score is below 620, try to get it up before applying for a home loan. Also, aim to raise a sizable down payment even if the loan you’re applying for has a 0% down payment requirement. 

Fresno, California Mortgage Lender 

Capital Home Mortgage can help you secure the financing you need if you’re looking to obtain a home loan in Fresno. We offer various home loan programs, including FHA, VA, HUD 184, Jumbo, and Conventional loans. 

We are a full-service, direct mortgage lender, so we can afford to be more flexible with our underwriting policies and offer competitive interest rates and lower processing fees.  

Get Your Home Loan In Fresno 

At Capital Home Mortgage, we aim to make your home buying process in Fresno as stress-free as possible. Get in touch with our loan officers by calling (323) 767-8899. We would love to hear from you and provide your next Fresno home loan.