Before You Look at a Single House, Get the Financing Right
A plain-language guide for East Bay first-time buyers. What actually decides your budget, the
down payment assistance most people never look into, and how to stop guessing.
You have been looking for a while. Rent went up again. A big bank sent you a pre-approval number once and never explained it. This guide walks through the money side the way it should have been explained the first time.
Why the pre-approval number you have might be wrong in both directions
What you can actually put down, and what it costs you to put down less
Why down payment assistance probably applies to you, even if you think you earn too much
How a seller credit works and what it does to your monthly payment
The one test that tells you if a payment is safe for you
Seven things to do before you tour a single home
No spam. The guide comes straight to your inbox. Written by a licensed loan officer and real estate agent who works the East Bay.
Educational only. Not a commitment to lend, an offer of credit, or financial advice. It does not advertise a specific loan product, rate, or payment. Loan and assistance programs change and are subject to funding availability and borrower qualification.
Equal Housing Lender. NEXA Lending is an Equal Housing Opportunity Company.
Chaitali Cherian, Mortgage Loan Officer, NEXA Lending. Loan Officer NMLS #2590353. Company NMLS #1660690. 5559 S Sossaman Rd Bldg #1 Ste #101, Mesa, AZ 85212. www.NEXAMortgage.com · www.nmlsconsumeraccess.org
Real estate agent, licensed in California. DRE #02316205.