Question 1

What is the first step to buying a home after I get my Pre-approval letter, FAQ?"

Accepted Answer

The first step to buying a home is deciding what you want and how much you can afford. The next step, of course, is finding your perfect home. This is where we come in. We are a team of real estate professionals who specialize in matching the right home for you with the right mortgage professional. We understand that buying a home is one of the largest financial decisions you will make in your lifetime and we want to help you make that decision confidently and stress-free. Once you have found your perfect home, you will need to finance your purchase. Whether or not you have ever financed a home before, our staff will help guide and educate you through this process so that you feel comfortable every step of the way. At Madriz Realty Group, we strive to provide our clients with an exceptional real estate experience from start to finish. We focus on building lasting relationships with each client because when it comes to buying and selling homes, our clients' needs are always at the forefront of our business decisions. We want to make sure that when you work with us, it's not just a transaction, but an experience that leads to greater things.

Question 2

What areas are affordable and close to Camp Pendleton base FAQ?

Accepted Answer

There are many affordable areas in the Temecula and Murrieta area. If you are looking for a home within a 10 mile radius of the base Camp Pendleton, I would recommend checking out Murrieta, Temecula, Winchester and Meniffe. These areas are perfect because they offer an abundance of family homes, and they have great schools as well. All three cities offer amenities such as restaurants, shopping centers and parks that are perfect for large families. The commute is also less than 40 minutes to the base of Camp Pendleton.

Question 3

What is the first step for buying a home with a VA loan, FAQ?"

Accepted Answer

The first step to buying a home with a VA loan is to determine if you will qualify for the loan. Here are some guidelines: VA Requirements: If you are still in service, you must have at least 90 days of remaining time before you can be discharged from active duty. If you are not currently in the service, you must have at least six years remaining on your military obligation. You must have received an honorable discharge or general discharge under honorable conditions. And you must be a United States citizen or a lawful permanent resident alien. There are also several factors that affect your eligibility for a VA Loan:
1) The property must be owner occupied (or intended to become owner occupied).
2) The purchase price of the property cannot exceed the VA maximum limit for the area in which the property is located.
3) There is a maximum mortgage amount set by law. The maximum amount varies depending on how much of a down payment you can afford and what type of loan you are applying for. View the table below to see the maximum VA Loan amounts based on your down payment.
4) You must pay VA Funding Fees as well as any other fees associated with obtaining your loan. These fees vary by lender and may be rolled into your mortgage or paid.

Question 4

When is the best time to buy a home, FAQ?"

Accepted Answer

The best time to buy a home is when you're ready to buy a home. Answering this question may seem simple, but it's actually quite complicated. There are many factors to consider when deciding whether or not the current market is right for you, including:
Your income: If you're just beginning your career and have several years before you can realistically save for a down payment, consider waiting until you're more established and have more resources available.
The types of homes in your price range: Inventory shortages can make buying a home more expensive. A recent study found that homes listed at the bottom of the price spectrum had the slowest sales velocity, meaning they stayed on the market longer than more expensive homes.
What type of mortgage rate you qualify for: If rates are low, it might be wise to lock in your mortgage rate now before they rise. Consider your financial situation and how much risk you're willing to take on if rates increase before this purchase.
Your plans for the next 5-10 years: If you plan on making some major life changes within the next few years, such as starting a family or going back to school, it might be wise to wait so you don't get stuck with an unexpected monthly payment once your plans change.

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