Buying a Home Starts with You!
The home buying process is a way to go from wanting to own a house to actually buying a home.
Each step along the way will get you closer to your goal of home ownership.
Ready to Start Looking for Your New Home?
Everyone’s dream home is different. Let’s find one for you.
Finding a Home Begins with YOU
How to begin looking for a home can create a problems. Each person has their own priority of what is important. For some it is location. Others, it is the must haves of the house. Coffee Real Estate works with home buyers to find the right home for them. Let’s begin the process today.
The National Association of Realtors “The Voice for Real Estate” studies and educates the value of home ownership and other real estate issues. Dan Parisi is a member and agrees with the code of ethics focus of serving the best interest of the client.
The California Association of Realtors (CAR) is a statewide trade association dedicated to the advancement of professionalism in real estate. Dan Parisi is a member of CAR and stays up to date in the California real estate issues and market.
Dan Parisi is part of MetroList is the largest Northern California Multiple Listing Service (MLS) that provides real estate professionals with detailed and accurate listing data. Metrolist is a key tool for Coffee Real Estate to give our clients the very best information about home values.
Dan Parisi is a real estate professional with a California Department of Real Estate DRE broker’s license ID# 01923081 and advanced real estate training.
What makes Sacramento a great place to buy a homes?
Sacramento is a great place to live and buy a homes for three great reasons. Sacramento real estate has natural advantages, quality of life issues and its economic strengths. The natural advantages include amazing weather and the confluence of the American and Sacramento rivers, the many parks, places to go day and night, old Sacramento and so much more. Horse properties are a special type of real estate in Sacramento. Some of the quality of life issues are the many outdoor actives like the American river tail and downtown living. Sacramento’s economic benefits include being the state capital and having major corporations located in the region. These advantages add up to a strong reason to make Sacramento your home.
“Dan was awesome through every step of the home buying process. my wife and I had no idea what we were doing, but Dan simplified every aspect of the deal. We really liked that Dan didn’t over pressure us into making some decisions. He explained the pros and cons and let us make the decisions based on our priorities. Would definitely recommend Dan to others.“
“Dan was an excellent resource in helping us buy our first home. He took the time to explain all the complexities of the transaction, and he was always available to answer questions. I don’t know how we could found the home we did, and get such a great deal if it wasn’t for his help. I would definitely recommend him to anyone how needs to buy or sell or get a lone. Thanks Dan.“
– Rocklin home buyer
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The home buyer’s checklist helps the buyer by deciding on priorities. It makes the home searching process less time consuming. Having the list makes the searching for the right house very focused. Use the checklist helps communicate with the real estate agent. A home inspection should be on the home buyers checklist. Also understanding the real estate escrow process in Sacramento California can be challenging. We are help you every step of the way.
This checklist has lists of features that simplify the home buying by scoring in 5 manners. They are must have, would like to have, willing to compromise, must not have and not important. The spaces can be checked or write an amount or even put a comment.
One in the process is buying your home is to meet with a real estate professional: We will learn the type of home you’re looking for, including style, price, and location. Coffee Real Estate Buyer services are FREE to the buyer. As the home buyer, your agent’s commission is paid by the seller of the home in almost all circumstances. This means your representation costs you nothing!
How much house can I afford?
The answer to how much house can I afford comes down to just 2 factors. First how much cash on hand or money in the bank determines how much house you can buy for cash or how much money you have for a down payment. Your down payment is upfront money you pay to buy a home. And second how much money can you borrow.
If you pay with cash there is no on going monthly debt payments. So you can afford any house that you have funds to buy. The purchase price is the key to how much house a person can afford. When working on your down payment think about real estate fees in California.
If you need a home loan the affordability of monthly payments is the first step to understanding how much house you can afford. The numbers are simple to find out. First determine what mortgage payment you can afford. Then check what the current mortgage interest rates are and finally calculate what principle or loan amount will equal the monthly payment. The home buyer can view these as mortgage affordability. This will help determine a comfortable mortgage payment for the house buyer.
What affordability information do lenders use?
The housing debt-to-income ratio is the key numbers to understand. Lenders divide your total monthly debt payments by your income monthly to determine your debt-to-income (DTI) ratio. The front-end or housing debt-to-income ratio measures how much of the borrower’s income is allocated toward mortgage expenses, including PITI. PITI is Principal Interest property Taxes and Insurance.
The back-end ratio measures how much of a person’s income is allocated to all other monthly debts. Total monthly debts are recurring monthly expenses like car payments, minimum credit card payments or student loans. This ratio is the sum of all other debt obligations divided by the sum of the person’s income. You can learn more in our detailed financial guide to buying a home.
Conventional loans are popular for borrowers with credit scores of at least 620 and DTI ratios of 45% or less. Some conventional loan programs allow down payments as low as 3%, but you can avoid mortgage insurance if you make at least a 20% down payment.
What is the debt-to-income for a FHA loan?
According to the FHA official site, “The FHA allows you to use 31% of your income towards housing costs and 43% towards housing expenses and other long-term debt.” FHA loans have more lax debt-to-income controls than conventional loans; they allow borrowers to have 3% more front-end debt and 7% more back-end debt.
What is the debt-to-income for a VA loan?
The VA or the U.S. Department of Veterans Affairs does not make loans. The VA loan is a loan guarantee to lending institutions. Many lenders use the back-end ratio of the applicant which needs to be better than 41% to be approved for a VA loan. But each lender sets how they determine the qualification of the veteran borrower based on lending laws. Learn more about veteran home buying with a VA loan here.
Who has a no down payment program?
The U.S. Department of Veterans Affairs (VA) and the U.S. Department of Agriculture (USDA), offer no-down-payment programs to eligible borrowers.
How much house can I afford based on my salary?
Start with your monthly income and find the amount that works with the DTI ratio and what you feel comfortable paying. Your comfort is very important to knowing how much house you can afford. Then it is working the math with current interest rates, a down payment, purchase price of the house and monthly mortgage payments. When you see the number of the payment you can find the price range of the house.
4 quick factors that determine how much house can I afford?
Here are 4 quick data points to determine a personal affordability index.
- Monthly salary
- Funds on hand for down payment and closing costs
- Annual expenses
- Your credit rating (your credit rating will impact the mortgage interest rate)
Ready to get your home?
Take the 2 minute quiz and find out!
Find out how Coffee Real Estate can help you buy your next home.
How to begin looking for a home can create problems. Each person has their own priority of what is important. For some it is where to buy a home in Sacramento or in Placer County. Others, it is the must haves of the house the wants, needs and must have list. Coffee Real Estate works with home buyers to find the right home for them. Let’s begin the process today.
Buyer’s found Home with Dan Parisi – Coffee Real Estate
Dan Parisi the real estate professional found this home that is a country craftsman design. It has a style and grace along with bonus rooms and practical space that is ideal for country living. The kitchen has great views and warm county feel. It has plenty of room to cook at all levels. The 20’ vaulted ceiling, view of the loft, windows to beautiful nature and pellet wood stove creates a wonderful family environment. Dan Parisi finding peoples dream home. How can he help you find your dream home? Work with real estate professionals for California homebuyers.
This home is built with love. From the master bed room custom closets and make-up area to the front yard landscaping and back yard retreat attention to detail, craftsmanship and inspirited design is enjoyed. You are going to love this move in ready home in great neighborhood. Arden-Arcade area of Sacramento is close to schools, parks, shopping and transportation. Great starter home for the right home buyer. Are you looking for a starter home? Dan Parisi the best realtor for starter home buyers is ready to help.
Dan Parisi worked with the buyer of this high quality care home. This excellent well maintained property and amazing business opportunity. The Alta 4i care home is in Sacramento area. It is a turnkey solution. The property and business are includes the house, fixtures to operate the care home, current clients and trained staff.
The property is outfitted with all that is needed to run the care home. All the fixtures like beds, living room furniture, fully functioning kitchen, laundry, office, dressers and more are included in the price. Note not personal property of the clients. Are you looking to buy a care home property? Are you looking to buy an investment property? I can help…