Mortgage Loan Pre-Approval Should Always Be Your First Step
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers with knowledge on how to buy a house need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.
Freddie Mac lays out the advantages of pre-approval in the My Home section of their website:
“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”
One of the many advantages of working with a local real estate professional is that many have relationships with a home mortgage lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”
Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:
Capacity: Your current and future ability to make your payments
Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
Collateral: The home, or type of home, that you would like to purchase
Credit: Your history of paying bills and other debts on time
Getting pre-approved by a home mortgage lender is one of many steps that will show home sellers that you are a serious home buyer, and it often helps speed up the process once your offer has been accepted.
Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well. If you would like to know more about how to buy a house, available homes for sale in Lake Balboa or any other San Fernando or Santa Clarita Valley real estate, please reach out to HelpUSell real estate professionals at Southland Realty today!
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Northridge Traditional Two-Story Pool residence with endless possibilities. Create your custom lifestyle as a 4 bedroom home or a 3 bedroom with in-law quaters with private entrance or a 4 bedroom with a home office or a 5 bedroom residence. Quaint front porch area offers a custom entry door leading to a spacious living room with brick accented fireplace and adjacent dining area. Contemporary archways lead to a light & bright family room with over-sized glass sliding doors with rear yard views. Modern galley kitchen features black & white deco tiling at counter tops & flooring, built-in appliances, wood cabinetry with tons of storage cabinets plus a cozy breakfast nook area. Laundry room with side yard access is a plus. Bedrooms offer tile flooring, window shutters, ceiling fans, wall to wall closets & raised panel passage doors. Hall bathroom has modern vanity, jetted tub, free-standing shower stall, tile walls & flooring plus offers the art deco flair. Bonus room with private entrance can be used us a home office area with a 1/2 bathroom with pedestal sink & tile flooring. Staircase leads to an open loft master suite with cathedral wood beam ceilings and a full modern updated bathroom. Special features include custom shutters, central air & heating systems, gated perimeter plus delicious fruit bearing trees. Low maintenance yard offers brick accented planter boxes, a gleaming heated swimming pool, large covered patio & a free standing storage shed. This is a MUST see!!!
WONDERFUL HOME AT LOW PRICE FOR LARGE FAMILY. WONDERFUL LOOKING HOME IN THIS AREA. HOME IS A 5+3 PROPERTY, DETACHED GARAGE, RAISED FOUNDATION, FAUX HARDWOOD FLOORS, GRANITE COUNTERS IN KITCHEN, TILED KITCHEN FLOORS. PROPERTY HAS RV PARKING.
Welcome to this sleek Mid-Century Modern home in Lake Balboa. New kitchen, including cabinets (soft close doors), quartz counter tops, double basin, deep granite sink, new laminate wood flooring throughout most of the house, new recessed lights in kitchen & dining area and freshly painted interior. This home features beamed ceilings, central air & heat, gated front yard (wrought iron fence) and a guest unit in the back with a private entrance for your in-laws or for extra income. Relax under the shade in the back yard among mature fruit trees, including ruby red grapefruit, sweet orange, Mexican lime, lemon tree and a grape vine. This is a must see!
Don't judge a book by its cover! This delightful single story home is located in a quite neighborhood in Reseda. Features 3 bedroom, 2 baths, and 1,243 sq. ft. of living space, on a nice 6,400 sq. ft. lot. Scraped ceilings, good size bedrooms and indoor laundry. Close to schools, shopping and restaurants. You won't want to miss this one.
Beautifully updated 3,000 square foot home on a 16,880 square foot lot with RV access, a pool, and recently done water saving landscaping. This gorgeous home features an open kitchen with elasco white marble counter tops, soft close cabinetry, and a huge breakfast bar island. The master en suite includes crown moldings, a large walk-in closet, marble counters, shower, and flooring. Other features include a walk-in 158 bottle temperature controlled wine closet, recessed lighting, vaulted ceilings, surround sound, french doors leading to the huge backyard, and solar. The backyard along with the heated pool has a large outdoor living space, wide open greenery, and two storage sheds. This home won't last!
All refreshed and ready to go! New exterior paint with warm colors and contrasting dark shutters. Inside you will find fresh paint and brand new carpet. Entry has wood floors and opens to bright living room with smooth ceilings and stone fireplace with mantle. Sliding glass doors lead to expansive backyard with large concrete patio. Clean kitchen with crisp white cabinets, new stainless hardware, ceramic tile counters, gas oven and range, ceramic tile floors and cozy breakfast area. Separate dining room has wainscoting and coved ceilings. One bedroom has a private bath with new subway tiled shower and pedestal sin. The other two bedrooms share a hall bath with ceramic tile floors and vintage tub / shower combination. Large service porch could easily be small office area. Brand new roof. The home also has central heat and air conditioning. Brand New 30 year roof installed December 2017. Two car attached garage with direct access, sectional roll up garage door with windows, built-in cabinets and laundry. The yard has fruit trees and is ready for your touch! Centrally located and Move-in ready!
This Lake Balboa gem is situated walking distance to lovely Balboa Park with walking/jogging trails and proximity to the convenient Orange Line. The lovely California ranch style home has 3 bedrooms 1.75 baths, split entry, hardwood floors throughout, newer windows, central air and heat, wood burning fireplace, spacious eat-in kitchen with character 1950's OKeefe & Merritt stove, refrigerator and service porch with washer dryer. There is also a dining “L” in the living room. Sliding glass doors lead from living room to covered patio and fenced backyard. The home is original to its 1954 quality construction and is just waiting for your creative touch. The 2-car garage has a newer roll-up door and built-in cabinets perfect for the workshop enthusiast. Nice street with larger and equally well-maintained home. Close to the 405 and 101 freeways. Please note: All offers are due today February 19th by 6:00 pm. Please provide POF, lender approval.
MUST SEE! OUTSTANDING TOWNHOUSE IN RESORT-LIKE COMPLEX. COMPLETELY MOVE-IN CONDITIONS HARDWOOD FLOOR AND TILE THROUGHOUT. JACUZZI IN MASTER BATHROOM AND MUCH MORE. UNIT HAS 2-CAR ATTACHED GARAGE. THERE IS POOL,JACUZZI AND SAUNA PLUS 2 SEPARETE PARKS IN THE COMPLEX. DON'T MISS! 1797 SQFT TWNHS! END UNT INSIDE GATED COMPLEX AWAY FROM STR NOISE. UNIQUE FLRPLAN-HUGE LV RM W/ACCESS TO LARGE PRIV PATIO, FRML DINE W/BLT-IN CABINTET, FMLY RM, LRGE KTCHN W/PLENTY OF CABNTS & BRKFST BAR, MSTR SUIT W/FULL BTH & WALK-IN CLOSET, BIG SECONDARY BDRMS W/FULL BTH, HUGE BONUS RM & XTRA STORAGE OFF 2 CAR GARGE. BERBER CRPT IN BDRMS, UPGRADED BTHS, XTRA STORAGE CABINETS.
MODEL HOME FOR SALE! Solar Upgrade! Fully furnished and professionally Decorated home. Designer Backyard with Pool and views, Move in Ready! Stylish kitchen with culinary conveniences is perfect for the at home chef, exhibiting a large center island overlooking the breakfast nook and great room. Formal dining room accessible from the kitchen through the butlers pantry has views of the spectacular circular staircase has artistic wine storage. An alluring retreat complements the master bedroom, offering seclusion for rest and relaxation, and a fabulous deck with valley views. The Master Bedroom has a spa-like master bath with an over sized shower and two large walk-in closets. Secondary bedrooms all have private bathrooms. Large loft amongst the bedrooms creates additional living space offering an area for recreational use.
Beautiful 2 level town home in North Hills with with 3 bedrooms, 2 bathrooms, a bonus office, with almost 1500 sq ft of living space. The living room has a fireplace and balcony. The airy dining room is spacious and comfortable. Laminate wood flooring throughout. The master bedroom has an in-suite bathroom and a large closet. Kitchen has quartz countertops and subway tile backsplash with stainless steel appliances. Laundry hook-ups in unit with 2 car attached garage. This is a must see!
For Sale beautiful tri-level townhouse in North Hills. Must see to appreciate! The home highlights 1,726 sq. ft. living area, 3 bedrooms, 2.5 baths, and direct access from the two-car attached garage. This naturally bright and airy end-unit (one common wall) highlights an open floor-plan, 9 feet ceiling, recessed lighting in living room and kitchen, carpet and new tile flooring, remodeled kitchen with granite countertops, cherry-stain cabinets and upgraded appliances, 2 balconies, wet-bar, washer and dryer located in garage, and wired alarm system. Additional features include gas fireplace and balcony in living room; master bathroom exhibit updated faucets and toilet, lighting and travertine flooring, all bedrooms located upstairs feature double-pane windows and a bonus closet. The homeowners’ association common amenities include controlled access gate and ground maintenance. Property is located in North Hills, North of Parthenia and 3 blocks East of Sepulveda, close to North Hills Community Park, short drive to 405-freeway, schools, public transportation, shopping and dining.
Perfect starter home,centered in lake Balboa.This 3 bedroom 1bath is a great starter home for first time home buyers, or anyone looking to upsize. A great place to raise your family, blocks away from Daniel Pearl Magnet School, Birmingham Charter School and Gault Elementary School. Built in 1949 this home still has original hardwood floors and a spacious backyard with plenty of entertaining space in the backyard's patio area.The kitchen has been newly remodeled,with new appliances and custom cabinetry & counter tops.Each room has its own A/C unit. The large family den area has a brick-faced fire place and unlimited possibilities to decorate.The spacious master bedroom has plenty of storage space in the master closet, that has turned into a small bedroom with window and ceiling fan. Could easily be made into an office or 2nd master closet.
First Time on the Market! Quaint mid-century home with its original character awaits you in a quiet North Hills West neighborhood. This single story home features three bedrooms, two bathrooms, 1,440 square feet of living space, hardwood floors under carpet (buyer to verify), two-car garage with direct home access. Welcoming front entry invites you to a warm living room, with a striking stone fireplace and a mirrored wall and a beautiful view of the backyard. The spacious dining/family room offers wood paneled walls, plantation shutters, a ceiling fan and opens up to a cozy patio enclosure, perfect for enjoying the weather all year round, with wood paneled walls and beam ceilings and carpet floors. The kitchen displays tile counters, gas oven, gas stove, dishwasher, ample storage space, and a cozy eating area and ceiling fan. There is a three-quarter bathroom adjacent to the laundry room and pantry. The master bedroom offers a ceiling fan, and windows shutters with a view of the backyard. Two bedrooms brightened by windows overlooking the large backyard have carpet flooring and ample storage space. The full hallway bathroom boasts original flooring and vanity and cabinets with carved designs, wooden magazine alcove. Upgrades include copper plumbing, composition roof, central air/heat, automatic garage door opener. The relaxing backyard features a cement patio area, block walls and a large grassy area and fruit trees. Perfect starter home or forever home.
Light fixer with great potential in sought after Lake Balboa location. Property offers spacious living room, 3 good sized bedrooms, 2 bathrooms, galley kitchen with ample cabinet space, some newer windows, RV access, Large 2 car garage and a very private backyard with fruit trees.
Opportunity knocks, with this 4 bedroom, 2 bathroom home, measuring 1,532 square feet. First time for sale since the original owners purchased it. Conveniently located in Lake Balboa, on a cul-de-sac street. This home has central A/C, some newer dual pane windows, a fireplace in the living room, and an attached garage. The large kitchen has a separate laundry room, that leads to the backyard. You could easily make a true master bedroom, by closing off one door that leads to the jack and jill bathroom. No neighbors directly behind this home.
Home on a quiet tree lined street with an eye-catching curb appeal. Meticulously remodeled to the bare studs. Beautiful hardwood flooring, trim work, crown and base molding. Kitchen adjoining dining room, dark wood cabinets, granite counters with tile back splash and stainless steel appliances. Spacious master suite with plenty of natural light from windows and from 1 of many stained glass doors leading to welcoming patio. Master offers walk-in closet, bathroom with large tub, ceiling heater, a his and hers dual sink vanity with ample storage. Central air&heat, dual pane windows, plantation shutters throughout. Laundry room with side by side stainless steel washer and drier, utility sink and large cabinets for extra storage. Beautifully landscaped front, side and large backyard. Custom steel framed wooden RV access leading to large gravel parking. Detached insulated, dry walled garage with large overhead storage, A/C, wifi sprinkler system and elegant tile finishes.
This well located property in a very desirable part of the San Fernando Valley. This Lake balboa property offers 2 Bedrooms, 1 Bathroom and small den that can be used as an Office. Walking distance to the Park, Schools, markets and lots more. Agents this property is to be sold AS IS Condition. Please call listing agent and make an appointment. Thank you
MODEL HOME FOR SALE! Spectacular, fully upgraded, professionally decorated and furnished Model Home. Solar Upgrade, Designer Backyard with pool, outdoor dining area and Gorgeous Views. Move in Ready! Intimate courtyard provides a great outdoor living space for the outdoor enthusiast. Views of the courtyard can be enjoyed from the entry foyer, great room, kitchen and dining room. An expansive kitchen overlooks the dining room and great room, both having access to the rear yard. There is a large master bedroom accompanied by a stunning master bath and oversized walk-in closet, with deck and views of the valley below. The generous loft amongst the bedrooms is ideal for family recreational use. All secondary bedrooms come with private bathrooms.
Beautiful Reseda home with a great curb appeals Northridge adjacent that has been remodeled. This beautiful house offers 3 bedroom 2 bathroom 1251 sq ft with a 8504 sq ft with a Pool and Solar Panels Paid for. Property has been remodeled with newer windows, flooring, moldings, recess lights, newer electrical panel, newer kitchen with granite counter tops, mosaic back splash and stainless steel appliances, large clean functional bathrooms, newer roof, new garage door, new sprinkler system ,large patio with tile floors, large pool with new plaster and new wooden fence in the back yard.. Open and flowing floor plan features a gorgeous kitchen, living and dining room with a wood/gas burning fireplace with mosaic tile, A large master bedroom, large master bathroom. Property has Solar panels about 1 year old paid for so most likely your buyers will not have to pay a power bill.
Two story town home offering 2 bedrooms and 2 bathrooms. Walk in to a spacious open living room with fireplace and bar area for entertaining. Dining area is adjacent to the kitchen and has a glass sliding door leading out to a patio. Kitchen has tile countertops, lots of cabinet space, laundry unit inside next to the kitchen for convenience. Upstairs you have the bedrooms, large Master with walk-in closet, private full bathroom and balcony. Community offers sparkling swimming pool & spa, gated access, parking and additional guest parking.