Back

Buying a Home in California

With its stunning natural beauty, vibrant entertainment and endless opportunities, owning a home in California is the dream. Buying a home in California can be a daunting task, especially for first-time homebuyers.

In this guide, our team at Renaissance in Rialto will walk you through the types of loans available, things to consider when searching for the right home for you and expert tips to help you navigate the California housing market.

This information is provided for informational purposes only. For specific guidance, please consult a loan professional or visit the Renaissance sales office.

Types of Loans Available in California

  • Conventional Loans: This is the most typical loan in the market. Speak to the sales team at Renaissance to find out whether this is the type of loan you’d be eligible for.
  • FHA Loans: Insured by the Federal Housing Administration (FHA), the down payment required for these loans is typically incredibly low—that’s what makes them so ideal for first-time homebuyers.
  • VA Loans: Guaranteed by the Department of Veterans Affairs (VA), these loans offer favorable terms, such as no down payment requirements, for eligible veterans and active-duty military personnel.

Things to Consider When Buying a Home in Rialto

  • Budget: Determine how much you can afford to spend on a home, including down payment, closing costs and ongoing expenses like mortgage payments, property taxes, HOA costs and home insurance.
  • Credit Score: Your credit score plays a significant role in determining the interest rate you’ll qualify for and whether you’ll be approved for a loan.
  • Homeowners Association (HOA) Fees: Many California neighborhoods have HOAs, which can impact your monthly expenses. Make an informed choice by researching the fees and what they cover.

Expert Tips for Buying a Home in California

  • Get Pre-Approved: Before starting your home search, get pre-approved for a loan to understand your budget. It makes finding the right home a lot easier and shows that you’re serious about becoming a homeowner.
  • Work with the Team at Renaissance: The team of experts at Renaissance can provide valuable insights into the locality, neighborhoods and homebuying process.
  • Be Prepared to Act Fast: California’s housing market can be competitive—if you’ve seen a home you like and you’re ready to commit, speak to a loan officer so you don’t miss out on your dream home!
  • Consider Additional Costs: In addition to the purchase price, plan for additional costs like closing costs, inspections and appraisals. Most of these costs can be built into your monthly payment so you’re looking at one convenient payment—the Renaissance sales team can provide details.
  • Buying a home in California can be a complex process, but with the expert guidance of the team at Renaissance, you can achieve your dream of homeownership in Rialto. Remember to research your loan options, consider the unique aspects of California’s housing market and speak to our experts to find the perfect home for you.

When you’re ready, check out the selection of new homes for sale at Renaissance in Rialto and sign up for details.