FHA financing
FHA-insured loans may allow a down payment as low as 3.5% for eligible buyers and properties. A lender determines qualification, mortgage insurance and final loan terms.
Official HUD informationBuyer Resource Center
From “I like this home” to knowing your next move.
Use these tools to explore the numbers, understand financing and down-payment options, meet the professionals who may be involved, and see the homebuying process before you make a decision. The calculators are educational estimates—not lender approvals.
Buyer Calculators
Start with the numbers.
Adjust every assumption. Rates, taxes, insurance, HOA, mortgage insurance and qualifying standards can change, so use the results as a planning tool and confirm them with a licensed lender.
Monthly Payment
Educational estimateWhat could this home cost each month?
Estimated monthly housing payment$6,006
Principal & interest $4,443Property tax $771Insurance $160HOA $452Mortgage insurance $180
Estimated down payment: $36,995 · Estimated loan amount: $702,905
Buyability Check
Not a loan approvalHow does the payment fit your monthly budget?
Illustrative housing budget$3,940/mo
Using your assumptions above, an illustrative purchase price is about $446,758. A lender may use different qualifying ratios, rates, taxes, insurance, mortgage insurance and underwriting rules.
This listing estimateAbove your entered planning range
What different down payments look like at $739,900
3% down$22,197Before closing costs and prepaid items
3.5% down$25,897Before closing costs and prepaid items
5% down$36,995Before closing costs and prepaid items
10% down$73,990Before closing costs and prepaid items
20% down$147,980Before closing costs and prepaid items
Keep Going
Save your numbers and ask Rish what they mean for this home.
Enter your details and we’ll email this planning snapshot to you. Rish will also receive your results so he can answer questions about the home, next steps or financing conversations.
Submitting this form does not create a loan application or obligate you to buy or use any particular lender. Calculator figures remain educational estimates.
Down Payment & Financing
You may have more options than you think.
These are examples of programs buyers often ask about. Availability and eligibility can change, and a participating lender must confirm whether a program and the property qualify.
Fannie Mae HomeReady®
HomeReady® is an affordable conventional option for eligible low-income borrowers with down payments as low as 3% and flexible permitted funding sources.
Official Fannie Mae informationCalHFA MyHome
For eligible first-time California buyers, MyHome can provide a deferred-payment junior loan for down payment and/or closing costs: up to the lesser of 3.5% with qualifying CalHFA government loans or 3% with qualifying conventional loans.
Official CalHFA MyHome informationDream For All
California Dream For All is a shared-appreciation program that can offer eligible first-generation, first-time buyers up to 20% of the purchase price or appraised value, capped at $150,000. Availability is round-based and current voucher status should always be checked with CalHFA.
Check current Dream For All statusProgram descriptions are general educational summaries based on official agency information. They are not a promise of eligibility, financing, assistance, approval or available funds. Program rules, income limits, property requirements and availability may change.
Your Homebuying Team
Who are all these people?
A purchase can involve several professionals. Their exact roles and who selects them can vary by transaction, lender and location, but this gives first-time buyers a practical map of who they may meet and why.
You, the buyer→Real Estate Agent→Lender→Escrow + Title→Inspectors→Appraisal + Insurance→Closing & Keys
AFrom the beginning through closingBuyer’s Real Estate Agent
Helps you identify and tour homes, understand property information and disclosures, prepare and negotiate your offer, coordinate the transaction and keep you informed through closing.
Good questions to ask
Ask about representation, local experience, communication, offer strategy and how they guide you through disclosures and deadlines.
LBefore shopping and throughout escrowLoan Officer / Lender
Reviews your finances, explains mortgage options, issues a pre-approval when appropriate, coordinates underwriting and works toward funding your mortgage.
Good questions to ask
Ask about rates, APR, estimated cash to close, loan programs, assistance programs, mortgage insurance and what could change the approval.
EAfter an offer is acceptedEscrow Officer
Acts as a neutral third party handling funds and documents while the purchase-contract conditions are completed, then helps finalize the closing process.
Good questions to ask
Ask what documents or funds are needed, important escrow deadlines, wiring procedures and how final closing figures will be delivered.
TDuring escrow and closingTitle Company
Researches the property’s ownership history and liens or encumbrances, and issues title-insurance coverage based on the transaction.
Good questions to ask
Ask about the preliminary title report, exceptions, title-insurance coverage and any title items that need clarification before closing.
IUsually soon after acceptanceHome Inspector
Evaluates observable conditions of the property and gives you a report so you can better understand the home before completing the purchase.
Good questions to ask
Ask what is included in the inspection, what is excluded, whether specialist follow-up is recommended and which findings deserve prompt attention.
SWhen the property or general inspection calls for themSpecialty Inspectors
Depending on the home, you may use specialists for areas such as pest/termite, roof, HVAC, plumbing, sewer, electrical, foundation, pool or other systems.
Good questions to ask
Ask for the scope, credentials, findings, recommended next steps and written estimates when appropriate.
VCommonly during the loan processAppraiser
Provides an independent opinion of the property’s value for the lender using the property and comparable-market information. An appraisal is not a home inspection.
Good questions to ask
The lender generally manages the appraisal process. Ask your lender how valuation issues could affect financing or timelines.
HBefore loan funding / closingHomeowners Insurance Agent
Helps you arrange homeowners-insurance coverage. Buyers with mortgages generally need required coverage in place before the loan can fund.
Good questions to ask
Ask about dwelling coverage, deductibles, exclusions, liability, optional coverages and the premium used in your affordability estimate.
Find a Professional
Local professional directory — coming later.
As this resource grows, Vitta Realty may add clearly identified local professional listings and sponsored advertising. Buyers will always be free to shop around and choose their own providers.
Future directoryInspectors · Insurance · Moving · Home ServicesAny paid placement will be clearly identified as sponsored advertising.
Future advertising involving mortgage, title, escrow or other settlement-service providers must be structured as bona fide advertising for services actually provided and not as compensation for referrals. Buyers should compare providers, pricing, credentials and services independently.
If You Like the Home
What happens next?
This gives a first-time buyer a simple map of the process. The exact sequence and deadlines depend on your contract, lender and transaction.
Run the numbers
Estimate the monthly payment, cash needed and how the home fits your budget.
Talk to a lender
Get a real pre-approval and ask which loan or assistance programs fit your circumstances.
Tour the home
See the property in person, review the details and decide whether it works for you.
Review disclosures
Read the available property, HOA and seller disclosures and ask questions before deciding on terms.
Choose offer terms
Work with your agent on price, financing, timing, contingencies and other offer terms.
Submit the offer
Your agent prepares and submits the offer and negotiates with the seller's side.
If accepted
Your escrow timeline begins. Complete inspections, loan conditions and the appraisal as applicable.
Review everything
Track contingency deadlines, lender requirements, title/escrow items and any negotiated repairs or credits.
Final walkthrough
Confirm the property's condition shortly before closing and make sure agreed items are addressed.
Closing & keys
Sign final documents, fund the transaction and receive the keys after recording.
Ready for a real conversation?
Turn the estimate into a plan.
Ask Rish about the property, the buying process or the next step for your situation.
Vitta Realty and Rish Vitta are not providing lending, tax or legal advice through these tools. Estimates do not include every potential cost and do not constitute a loan estimate, pre-approval or approval. Buyers should verify financing, program eligibility, property information and transaction terms with the appropriate licensed professionals.