CA First Time Home Buyer

BY: Jason Whigham
August 31, 2022


CA First Time Home Buyer Click Here And Take Our Survey To Find Your 2020 California, No CA Down Payment Options

Sacramento First Time Home buyerCA First Time Home Buyer

CA First Time Home Buyer 

Tips that any first time home buyer must keep in mind while looking to buy a new house

  1. CA First Time Home Buyer – Buying a new house in CA can be challenging with navigating through all the CA down payments assistance programs, finding the perfect home, finding the perfect loan program, etc. The task can be even more daunting if you are a CA First Time Home Buyer. 
  2. Buying a new house in CA can be a hectic task with so many things to take care of and there is one significant thing that stops people from moving forward with their home purchase… the down payment. In fact, according to a survey from the rental marketplace, 61.7% of all millennials that want to buy their own house said that they were unable to afford a down payment.

CA First Time Home Buyer Programs

  • Explore different down payment and mortgage options

There are many mortgage options out there with each one having its own pros and cons. If you are struggling to gather the down payment, you should check out these loan options:

  • CA VA Loans – CA VA Loans guaranteed by the Department of Veteran Affairs often require no down payment at all.
    • CA FHA Loans – These loans are insured by the Federal Housing Administration that permits down payments as low as 3.5%.
    • CA Conventional Mortgages  – These conform to standards set by government-sponsored entities and require as little as 3% down payment.
  • Research local and state assistance programs
  • For Example The CA Down Payment Assistance No Down Option Is The OpenDoors GSFA Program
  • One Of The Other Popular CA Down Payment Assistance Programs Is Called CalHFA Program.

Most states offer assistance programs for any first-time homebuyer and these programs include perks like down payment assistance, tax credits, closing cost assistance, and discounted interest rates.

  • Check your credit score and pause any activity

If you’re applying for mortgage loans, your credit score will be the key factor in your loan getting approved while it’ll also determine your interest rate and the loan terms.

We can check your credit score when you complete our home loan application. You can find out errors that are bringing down your credit and look for opportunities to improve that score like making a dent in outstanding debts.

CA First Time Home Buyer 

  • Get a preapproval letter

You could be pre-qualified for a mortgage to give you an estimate of how much the lender would be willing to lend based on your debts and income. As you get closer to buying your home, it would be smart to get a preapproval where we thoroughly examine your finances and confirm in writing the terms. If you have a preapproval letter in hand, it’ll make you look more serious to a seller while also giving you an upper hand over other buyers who haven’t taken this step.

Common mistakes that a CA First Time Home Buyer often make

With some much on the table, it is not surprising that a CA first-time home buyer will make mistakes that they later regret. Here are some of the common mistakes, along with the tips that’ll help you avoid a negative fate.

  • Not budgeting the closing costs

CA First Time Home Buyer  Renting vs Buying Pros And Cons?

CA First Time Home Buyer Work Directly With a CA Down Payment Assistance (DPA) Specialist Jason Whigham. Jason Whigham is a mortgage loan officer in California. Call or Text Jason Whigham Now To Find Out How CA Down Payment Assistance Programs Can Help Offset Your Out Of Pocket Expense During The California Home Buying Process.




first time buyer


CA First Time Home Buyer 

CA First Time Home Buyer 

Apart from saving for the down payment, you’ll probably need to budget for the cost required to close your mortgage and it can be significant. Normally, closing costs are generally between 2% and 5% of your loan amount. The buyer can look around and compare the prices for certain closing expenses, like home inspections, homeowners insurance, and title searches.

Team Whigham works with preferred California Keller Williams Realtors who can help offset your closing cost. These highly trained Realtors will negotiate seller credits to help cover your closing cost! This does not happen all the time but more often than not, with Team Whigham.

  • Not saving for after move-in expenses

Once you have applied CA down payment assistance with Jason Whigham and his team and budgeted for closing costs, you need to set aside a budget to pay for what’ll go inside the house. This will include furnishings, rugs, appliances, new paint, updated fixtures, and other improvements you might want to make after moving in.

  • Buying the new home for today instead of tomorrow

It is a common theme for people to look at properties fall in line with their current needs. However, if you’re planning on starting a family or expanding it, it would be wise to consider that as a factor when looking for a new house. Always consider your future wants and needs and decide if the new house you’re considering is suiting them.

  • Not looking at enough options and passing up on negotiating

If you do not negotiate, you will never know what was up for negotiating and this can result in you losing out on major savings. Are there major repairs that you can get the seller to cover by giving you a credit adjustment at closing or by fully handling them? Will the seller be willing to pay for a part of the closing costs?

If you are in a buyer’s market, you might find that the seller is willing to bargain with you because they want to get their house off the market quickly.

  • Not knowing the limits of a home inspection

Once your offer is accepted, you will be paying for the home inspection if you want to examine your new property’s condition, but the results can only tell you so much.

  • Not every inspection will test for things like mold, radon, or pests so always make a point in knowing what all is included.
    • Make sure that the inspector is able to access every part of the house, such as the roof, basement, or any crawl spaces.
    • Attend the inspection and keep a keen eye.

Choose for your down payment needs

If you are a California first-time buyer, here is a great solution for you. Afford more than you’ve imagined with as low as 0% down on mortgages up to $822,375 for 2021 Conventional High Balance loan in California. $548,250 is the 2021 Conformaing Loan Limit for all our CA neighbors. works in three basic steps –

For more information about our down payment assistance services, visit our official CA First Time Home Buyer website.


Sacramento first time home buyer 
Sacramento first time home buyer

California First Time Home Buyer 2020 FAQ

What programs are available for first time home buyers in California?

  • Open Doors GSFA 
  • CalHFA  Plus + 2% Zip or 3% Zip
  • Platinum GSFA

How much do a CA first time home buyer have to put down in California?

  • Open Doors GSFA down payment assistance can be as high as 3.5% of your new home’s value (If your FICO® credit score is above 600). Each Mortgage lenders may request a higher fico score due to overlays put in place by the banks. With there are no overlays. This is why you only need a 600 middle score to access down payment assistance. 
  • CalHFA you will receive 3% of your new home’s value however you will need a 660 FICO®  to access this product. You can even get modular home with CalHFA, the possibilities are massive. 

How do I get first time home buyer grant?

  1. Find HUD’s Good Neighbor Next Door Program.
  2. Find National Homebuyers Fund For California Residents.
  3. Review Veterans Administration loans For California Home Buyers
  4. USDA loans. …
  5. Speak With Jason Whigham California (DPA) Specialist.
  6. Discover Your Local First-Time Home buyer Grants. …
  7. No Down Payment Required with a CA first-time home buyer programs.

My-Down Payment — Call Now: (916) 413-3967

Los Angeles

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For CA First Time Home Buyers Loan Officers

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First Time Home Buyer Programs In CA - Northern California And Southern California

  • First Time Home Buyer California
  • Down Payment Assistance In California

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Call My-Down Payment Assistance 916-413-3967 - Team Whigham service all of Northern California and Southern California! Some areas included are: Sacramento | Natomas | Rosemont | Galt | New Castle | La Riviera | Rancho Cordova | Cameron Park | Fabulous Forties | Florin | Foothill Farms | Orangevale | Rio Linda | Elverta | Citrus Heights | Folsom | El Dorado Hills | Carmichael | Roseville | Lincoln | Loomis | Lodi | Antelope | Auburn | Granite BayWest Roseville | Sun City Lincoln | Sun City Roseville | Auburn | Penryn | Gold River | Land Park | East Sacramento | Elk Grove| Pocket Area | Davis | Woodland | Contra Costa County | San Francisco County | Antelope | San Diego County |  Alameda County | Yuba City | Ione CA | Jackson CA | North Highlands | Los Angeles County| Orange County | Long Beach | Los Angeles County | Placer County | El Dorado County | Amador County | San Diego County | San Bernardino County | Orange County | Alameda County | Sacramento County and many more in the Northern California and Southern California area.

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