What should a first-time buyer in California know?

If you’re considering purchasing real estate in CA, we can help you prepare. You must consider several important things when buying a house in California. What tools can I use to prepare for the buying process? Should I get a house inspection? Should I get preapproved? In this article, we will answer those questions and guide you through the home-buying process.

Decide Where to Live in California

As of now, the typical house price in CA is $769,405; if you think that’s too expensive, don’t panic. Home values vary dramatically per city & neighborhood.

It’s also a bright idea to research past property value trends. This will give you an idea of how much your house’s value could increase in the future.

Get Pre-approved for a Mortgage

A pre-approval letter is a document from a lender that states how much you’ll be able to borrow for the purchase of your house based on the information you put in your pre-approval application. That document shows sellers that you are likely able to get financing.

Sellers in California frequently require a preapproval letter before showing you their property.

If you want to get preapproved now, contact loan officers from Nuline Funding for assistance.

Research First-time Homebuyer Programs

Research first-time homebuyer programs in California. First-time home buyer assistance programs help individuals throughout the country purchase their first home. These programs include mortgage rate reductions, down payment, closing cost assistance programs, and federal and state tax credits for first-time homebuyers. 

Get the Property Inspected

Please don’t skip on getting the home inspected before buying it. Every buyer should have a general inspection before committing thousands of dollars to purchase the property. You should consider inspecting the roof, fireplace, foundation, electrical system, HVAC system, & plumbing.

If you didn’t get the house inspected and later find an issue in the home, the law will favor the seller and cut against a homebuyer who fails to do their due diligence before buying a home.

Use a Mortgage Calculator

A mortgage calculator can be helpful when you’re purchasing your first home. Your interest rate plays a big part in determining your monthly payment. It is also affected by the home's location, the loan's term, and other factors. 

A mortgage calculator is a free tool that you can use to make a wise financial decision. To use it, you will need to provide some information:

  • Listing price of the house

  • Annual interest rates

  • Mortgage loan amount

  • Number of months

  • Desired amortization schedule

A mortgage calculator will show you estimates for mortgages with different interest rates.

If you want to learn more about your monthly mortgage payments, use the mortgage calculator by Nuline Funding.


Purchasing your first home doesn’t have to be overwhelming. The more time you put into researching the process, the less stressful it will be, and the more likely you’ll be able to get the house of your dreams.

Contact our mortgage brokers for inquiries if you’re ready to apply for a loan.

* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.