Purchase A New Home!

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Purchasing a home is a very exciting time, and being well prepared will help you make better decisions. Take this opportunity to learn more about home buying and the mortgage process. Below and throughout this site you will find information that will help you with the purchase of your new home.

Am I ready to buy?

Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership) when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive than rent. But, in many cases, mortgage payments can be even less than rent. When considering home ownership for the first time, you need to decide whether buying makes financial and practical sense for you right now or if you are better off renting. Consider both the advantages and disadvantages to renting as well as buying, and weigh the pros and cons for your situation.

How much house can I afford?

The first step toward finding the right home is to quickly compute your purchasing power and determine how much you can afford to pay each month. This saves you time by allowing you to focus on homes in your price range. In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.

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Check How Much You Can Afford!


Some up-front costs include:

Down payment: Typically ranges from 3-30% of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20% you may also need to pay mortgage insurance.

Closing Costs: Typically range from 2-6% of the loan amount depending on your area.

On-going Costs: Your housing costs can include the following:

  • Monthly mortgage payment

  • Homeowners insurance

  • Mortgage Insurance

  • If applicable - Flood Insurance

  • If applicable - Property taxes

  • Utilities

  • Maintenance



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Providing Expert Mortgage Solutions Across California

At California Mortgage & Realty, we specialize in providing tailored mortgage solutions for homebuyers, real estate investors, and homeowners across California. Whether you’re purchasing your first home, refinancing your existing mortgage, or looking for investment property financing, our team is here to help.

We offer a variety of loan programs, including conventional, FHA, VA, jumbo, and refinancing solutions. Our team works diligently to secure the best mortgage rates and terms for our clients, ensuring a smooth and hassle-free loan process.

Below are some of the cities we serve, but we aren't limited to these locations: