You want to buy a home in Oakley with a minimum of 3 bedrooms and 1,200 square feet of living space on a lot of at least 5,000 square feet. As of the writing of this article, there are 231 homes that meet these parameters, the 15 least expensive of which are priced between $375,000 and $400,000.
I would advise my first time buyers that they could expect to buy a suitable home for around $390,000. So the logical next questions are: How much cash do I need when I make an offer? What will my monthly payments be to own the home?
While these seem like simple questions, the answers vary dramatically from buyer to buyer. This is because everyone has a unique financial situation and there are a wide variety of loan programs available to borrowers.
Your realtor can give you general answers. However, to get answers specific to your situation, it's time to visit with a loan consultant. A loan consultant's job is to help borrowers' secure home loans. They will visit with you to understand your goals, gather some basic financial information about you and will obtain your credit score. Based on your credit score (the higher the better), employment history, savings, income and debt, they will explain the loan programs and interest rates available to you.
Feel free to call me for the names of my favorite loan consultants who will be able to answer your loan questions.
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