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Im going to start looking for a realtor.

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I was able to get my loan and interest rate from chase. I was  able to find some houses within my price range from the loan I got. I also started looking into some inspectors and insurance and learned some banks make some insurance mandatory to make sure they do not loose money

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I was able to find mortgage calculator for the bank chase and I also was able to call them and they were busy. I plan on calling different banks to see if there’s any difference

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Using Realtor.com to find houses all while providing me necessary details such as monthly cost and the amount of sqft https://www.realtor.com/

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I'm going to start looking for a home inspector.

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Some banks/loan offices are not allowed to give us the information we need only because they may need more information to input into a program they have. Also because some of us are underage, one nice guy gave me this website https://www.rocketmortgage.com/calculators/mortgage-calculator which I've found useful.

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I plan on calling a bank to gain a little extra information and ask them if I wold qualify for a mortgage loan.

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I need to call the bank and get the last bit of information to have this project complete

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I am currently looking for a real estate agent through the app Zillow. I have seen a few but I haven’t chose one yet.

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Currently trying to find a realtor .I am also coming up with a script for the call.

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I found the banks phone numbers and made a list so it can be easier to call

BOF : 800-432-1000

Wells Fargo: 1-800-956-4442

Chase: 1-800-935-9935

U.S banking: 800-872-2657

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I am currently in the process of finding a real estate agent and calling some banks .

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I'm currently in the process of calling a bank about my mortgage but for the housing i have found and chosen the real estate agent

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I am looking for a real estate agent to call/message in the areas that I chose for my homes

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Whether you are looking to rent, buy or sell your home, Zillow's directory of local real estate agents and brokers in Los Angeles, CA connects you with professionals who can help meet your needs. Because the Los Angeles real estate market is unique, it's important to choose a real estate agent or broker with local expertise to guide you through the process of renting, buying or selling your next home. Our directory helps you find real estate professionals who specialize in buying, selling, foreclosures, or relocation - among many other options. Alternatively, you could work with a local agent or real estate broker who provides an entire suite of buying and selling services.

No matter what type of real estate needs you have, finding the local real estate professional you want to work with is the first step. The Los Angeles real estate directory lets you view and compare real estate agents, read reviews, see an agent's current listings and past sales, and contact agents directly from their profile pages on Zillow.

Zillow is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local professionals who can help.

Check out the extensive resources you can find in our Premier Agent® Resource Center, covering everything from business plan templates to complete guides on real estate marketing. Not a Premier Agent yet? Find out how real estate advertising on Zillow and Trulia can help you get more leads.

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Los Angeles CA Realtor & Real Estate Agent Reviews | Zillow

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Whether you are looking to rent, buy or sell your home, Zillow's directory of local real estate agents and brokers in Los Angeles, CA connects you with professionals who can help meet your needs.

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I'm in the process of calling up a bank and acquiring information regarding mortgage loans and the like.

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Start to look for home insurance I can do more research about next week.

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I'm in the process of finding a mortgage lender and real estate agent

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Hi, my name is ____________. I am currently a 12th grader at Aspire Pacific Academy in Huntington Park in an Economics class. We are working on a project about purchasing our first property and was wondering if I could ask you some general questions about mortgage loans, please? Yes, awesome! Thank you. I currently have a fake credit score of ______. How likely is it that I can get approved for a loan? What would the interest rate be? What is the difference between an FHA loan and a conventional loan? What do you recommend?
(When you are done with the call, THANK THEM FOR THEIR TIME!!)
(If the answer is no, thank them for their time and then ask them to give you a website where you could find the information)

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Zillow: Real Estate, Apartments, Mortgages & Home Values

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The leading real estate marketplace. Search millions of for-sale and rental listings, compare Zestimate® home values and connect with local professionals.

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Buying a home can be challenging for a first-timer. After all, there are so many steps, tasks, and requirements, and you may be anxious about making an expensive mistake. But first-time homebuyers actually enjoy some special advantages created to encourage new entrants into the real estate market. To demystify the process so you get the most out of your purchase, here is a rundown of what you need to consider before you buy and what you can expect from the buying process itself, plus tips to make life easier after you buy your first home.

The First-Time Homebuyer Advantage

Buying a home is still considered a key aspect of the American dream. As a first-time buyer, you have access to state programs, tax breaks, and federally backed loans if you don't have the usual minimum down payment -ideally 20% of the purchase price for a conventional loan-or you're a member of a certain group (see the Important callout below). And you may qualify as a first-time buyer even if you're not a novice.

A first-time homebuyer, according to the U.S. Department of Housing and Urban Development (HUD), is someone who meets any of the following conditions:

An individual who has not owned a principal residence for three years. If you've owned a home but your spouse has not, then you can purchase a place together as first-time homebuyers.

A single parent who has only owned a home with a former spouse while married.

A displaced homemaker who has only owned with a spouse.

An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.

An individual who has only owned a property that was not in compliance with state, local, or model building codes-and that cannot be brought into compliance for less than the cost of constructing a permanent structure.

6 Questions to Consider Before You Buy

Your first step is to determine what your long-term goals are and how home ownership fits in with those goals. Perhaps you're simply looking to transform all those "wasted" rent payments into mortgage payments that give you something tangible: equity. Or maybe you see home ownership as a sign of independence and enjoy the idea of being your own landlord. Buying a home can also be a good investment. Narrowing down your big-picture homeownership goals will point you in the right direction. Here are six questions to consider.

1. How's your financial health?

Before clicking through pages of online listings or falling in love with your dream home, do a serious audit of your finances. You need to be prepared for both the purchase and the ongoing expenses of a home. The outcome of this audit will tell you whether you're ready to take this big step, or if you need to do more to prepare. Follow these steps:

Look at your savings. Don't even consider buying a home before you have an emergency savings account with three to six months of living expenses. When you buy a home, there will be considerable upfront costs including the down payment and closing costs. You need money put away not only for those costs but also for your emergency fund. Lenders will require it.

One of the biggest challenges is keeping your savings in an accessible, relatively safe vehicle that still provides a return so you're keeping up with inflation.

If you have one to three years to realize your goal, a certificate of deposit may be a good choice. It's not going to make you rich, but you aren't going to lose money either (unless you get hit with a penalty for cashing out early). The same idea can be applied to purchasing a short-term bond or fixed income portfolio that will give you some growth, but also protect you from the tumultuous nature of stock markets.

If you have six months to a year, keep the money liquid. A high-yield savings account could be the best option. Make sure it is FDIC insured (most banks are) so that if the bank goes under you will still have access to your money up to $250,000.

Review your spending. You need to know exactly how much you're spending every month-and where it's going. This calculation will tell you how much you can allocate to a mortgage payment. Make sure you account for everything-utilities, food, car maintenance and payments, student debt, clothing, kids' activities, entertainment, retirement savings, regular savings, and any miscellaneous items.

Check your credit. Generally, to qualify for a home loan, you'll need good credit, a history of paying your bills on time, and a maximum debt-to-income (DTI) ratio of 43%.﻿﻿ Lenders these days generally prefer to limit housing expenses (principal, interest, taxes, and homeowners insurance) to about 30% of the borrowers' monthly gross income, though this figure can vary widely depending on the local real estate market.

2. Which type of home will best suit your needs?

You have a number of options when purchasing a residential property: a traditional single-family home, a duplex, a townhouse, a condo, a co-operative, or a multi-family building with two to four units. Each option has its pros and cons, depending on your homeownership goals, so you need to decide which type of property will help you reach those goals. You can save on the purchase price in any category by choosing a fixer-upper, but be forewarned: The amount of time, sweat equity, and money required to turn a fixer-upper into your dream home might be a lot more than you bargained for.

3. Which specific features do you want your ideal home to have?

While it's good to retain some flexibility in this list, you're making perhaps the biggest purchase of your life, and you deserve to have that purchase fit both your needs and wants as closely as possible. Your list should include basic desires, like size and neighborhood, all the way down to smaller details like bathroom layout and a kitchen fitted with durable appliances. Scanning real estate websites can help you get a sense of the pricing and availability of properties offering the features that are most important to you.

4. How much mortgage do you qualify for?

Before you start shopping, it's important to get an idea of how much a lender will give you to purchase your first home. You may think you can afford a $300,000 home, but lenders may think you're only good for $200,000 based on factors like how much other debt you have, your monthly income, and how long you've been at your current job. In addition, many realtors will not spend time with clients who haven't clarified how much they can afford to spend.

Make sure to get preapproved for a loan before placing an offer on a home: In many instances, sellers will not even entertain an offer that's not accompanied with a mortgage preapproval. You do this by applying for a mortgage and completing the necessary paperwork. It is beneficial to shop around for a lender and to compare interest rates and fees using a tool like a mortgage calculator or Google searches.

5. How much home can you actually afford?

Sometimes a bank will give you a loan for more house than you really want to pay for. Just because a bank says it will lend you $300,000 doesn't mean you should actually borrow that much. Many first-time homebuyers make this mistake and end up "house-poor" with little left after they make their monthly mortgage payment to cover other costs, such as clothing, utilities, vacations, entertainment, or even food.

In deciding how big a loan to actually take, you'll want to look at the house's total cost, not just the monthly payment. Consider how high the property taxes are in your chosen neighborhood, how much homeowners insurance will cost, how much you anticipate spending to maintain or improve the house, and how much your closing costs will be.

6. Who will help you find a home and guide you through the purchase?

A real estate agent will help you locate homes that meet your needs and are in your price range, then meet with you to view those homes. Once you've chosen a home to buy, these professionals can assist you in negotiating the entire purchase process, including making an offer, getting a loan, and completing paperwork. A good real estate agent's expertise can protect you from any pitfalls you might encounter during the process. Most agents receive a commission, paid from the seller's proceeds.

The Buying Process

Now that you've decided to take the plunge, let's explore what you can expect from the homebuying process itself. This can be a chaotic time with offers and counteroffers flying furiously, but if you are prepared for the hassle (and the paperwork), you can get through the process with your sanity intact. Here is the basic progression you can expect:

Make sure to take advantage of all the available options for finding homes on the market, including using your real estate agent, searching for listings online, and driving around the neighborhoods that interest you in search of for-sale signs. Put some feelers out with your friends, family, and business contacts, too. You never know where a good reference or lead on a home might come from.

Once you're seriously shopping for a home, don't walk into an open house without having an agent (or at least being prepared to throw out the name of someone you're supposedly working with). You can see how it might not work in your best interest to start dealing with a seller's agent before contacting one of your own.

If you're on a budget, look for homes whose full potential has yet to be realized. Even if you can't afford to replace the hideous wallpaper in the bathroom now, you may be willing to live with it for a while in exchange for getting into a place you can afford. If the home meets your needs in terms of the big things that are difficult to change, such as location and size, don't let physical imperfections turn you away. First-time homebuyers should look for a house they can add value to, as this ensures a bump in equity to help them up the property ladder.

Consider your financing options and secure financing

First-time homebuyers have a wide variety of options to help them get into a home-both those available to any purchaser, including Federal Housing Authority (FHA)-backed mortgages, and those geared especially to novices. Many first-time homebuyer programs offer minimum down payments as low as 3% to 5% (vs. the standard 20%), and a few require no down payment at all. Be sure to look into or consider:

HUD's resource list. Although the government agency itself does not make grants directly to individuals, it does grant funds earmarked for first-time homebuyers to organizations with IRS tax-exempt status. The HUD website has details. The FHA (and its loan program) is part of HUD.

Your IRA. Every first-time homebuyer can withdraw up to $10,000 out of their individual traditional IRA or Roth IRA without paying the 10% penalty for early withdrawal (but you'll still pay taxes if you use a traditional IRA). That means a couple could withdraw a maximum of $20,000 ($10,000 from each account) to use toward a first-home purchase. Just know that if you don't repay the money within 120 days-and you're under 59½ -it becomes subject to the 10% penalty. You also will owe income taxes on the withdrawal(s).

Your state's programs. Many states, including Illinois, Ohio, and Washington, offer financial assistance with down payments and closing costs, as well as with expenses to rehab or improve a property, for first-time homebuyers who qualify.Typically, eligibility in these programs is based on income and, often, the size of a property's purchase price.

Native American options. Native American homebuyers can apply for a Section 184 loan. This loan requires a 1.5% loan up-front guarantee fee and a 2.25% down payment on loans over $50,000 (for loans below that amount, it's 1.25%). Section 184 loans can only be used for single-family homes (one to four units) and for primary residences.

Don't be bound by loyalty to your current financial institution when seeking a preapproval or searching for a mortgage: Shop around, even if you only qualify for one type of loan. Fees can be surprisingly varied. An FHA loan, for example, may have different fees depending on whether you're applying for the loan through a local bank, credit union, mortgage banker, large bank, or mortgage broker. Mortgage interest rates, which of course have a major impact on the total price you pay for your home, can also vary.

Once you've settled on a lender and applied, the lender will verify all of the financial information provided (checking credit scores, verifying employment information, calculating DTIs, etc.). The lender can preapprove the borrower for a certain amount. Be aware that even if you have been preapproved for a mortgage, your loan can fall through at the last minute if you do something to alter your credit score, such as finance a car purchase.

Some authorities also recommend having a back-up lender. Qualifying for a loan isn't a guarantee your loan will eventually be funded: Underwriting guidelines can shift, lender risk-analysis can change, and investor markets can alter. Clients may sign loan and escrow documents, and then be notified 24 to 48 hours before the closing that the lender has frozen funding on their loan program. Having a second lender that has already qualified you for a mortgage gives you an alternate way to keep the process on, or close to, schedule.

Make an offer

Your real estate agent will help you decide how much money you want to offer for the house, along with any conditions you want to ask for. Your agent will then present the offer to the seller's agent; the seller will either accept your offer or issue a counteroffer. You can then accept, or continue to go back and forth until you either reach a deal or decide to call it quits.

Before submitting your offer, take another look at your budget. This time, factor in estimated closing costs (which can total anywhere from 2% to 5% of the purchase price), commuting costs, and any immediate repairs and mandatory appliances you may need before you can move in. Think ahead: It's easy to be ambushed by higher or unexpected utilities and other costs if you are moving from a rental to a larger home. You might request energy bills from the past 12 months, for example, to get an idea of average monthly costs.

If you reach an agreement, you'll make a good-faith deposit and the process then transitions into escrow. Escrow is a short period of time (often about 30 days) during which the seller takes the house off the market with the contractual expectation that you will buy it-provided you don't find any serious problems with it when you inspect it.

Have the home inspected

Even if the home you plan to purchase appears to be flawless, there's no substitute for having a trained professional do a home inspection of the property for the quality, safety, and overall condition of your potential new home. You don't want to get stuck with a money pit or with the headache of performing a lot of unexpected repairs. If the home inspection reveals serious defects that the seller did not disclose, you'll generally be able to rescind your offer and get your deposit back. Alternatively, you can negotiate to have the seller make the repairs or discount the selling price.

Close-or move on

If you're able to work out a deal with the seller, or better yet, if the inspection didn't reveal any significant problems, you should be ready to close. Closing basically involves signing a ton of paperwork in a very short time period, while praying that nothing falls through at the last minute.

Things you'll be dealing with and paying for in the final stages of your purchase may include having the home appraised (mortgage companies require this to protect their interest in the house), doing a title search to make sure that no one other than the seller has a claim to the property, obtaining private mortgage insurance or a piggyback loan if your down payment is less than 20%, and completing mortgage paperwork. Other closing costs can include loan-origination fees, title insurance, surveys, taxes, and credit-report charges.

Congratulations, New Homeowner! Now What?

You've signed the papers, paid the movers, and the new place is starting to feel like home. Game over, right? Not quite. Homeownership costs extend beyond down payments and monthly mortgage payments. Let's now go over some final tips to make life as a new homeowner more fun and secure.

Keep saving

With homeownership comes major unexpected expenses, such as replacing the roof or getting a new water heater. Start an emergency fund for your home so that you won't be caught off-guard when these costs inevitably arise.

Perform regular maintenance

With the large amount of money you're putting into your home, you'll want to make sure to take excellent care of it. Regular maintenance can decrease your repair costs by allowing problems to be fixed when they are small and manageable.

Ignore the housing market

It doesn't matter what your home is worth at any given moment except the moment when you sell it. Being able to choose when you sell your home, rather than being forced to sell it due to job relocation or financial distress, will be the biggest determinant of whether you will see a solid profit from your investment.

Don't rely on the sale of your home to fund your retirement

Even though you own a home, you should do your best to save the maximum in your retirement savings accounts every year. Although it may seem hard to believe for anyone who has observed the fortunes some people made during the housing bubble, you won't necessarily make a killing when you sell your house. If you want to look at your home as a source of wealth in retirement, once you've paid off your mortgage, consider the money you were spending on monthly payments as a source of funding for your living and medical expenses in retirement. Also, retirees often want to stay put (despite all the articles you see about downsizing or retiring in exotic locales).

The Bottom Line

This overview should help put you on the path to filling in any gaps in your home-buying knowledge. Remember that the more you educate yourself about the process beforehand, the less stressful it will be, and the more likely you will be to get the house you want for a price you can afford. When it's done, you'll have the confidence that comes from successfully negotiating a major step in your life.

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Buying a home can be challenging for a first-timer. After all, there are so many steps, tasks, and requirements, and you may be anxious about making an expensive mistake. But first-time homebuyers actually enjoy some special advantages created to encourage new entrants into the real estate market.