Getting to Know Your Local San Diego Broker
Check out our video resources to learn more about the buying and selling process
FAQs
To help you make informed decisions, we've compiled answers to some of the most commonly asked questions.
How much do I need for a down payment on a home?
The amount you need for a down payment depends on the type of loan and your financial situation. While 20% is a common benchmark, many buyers put down less—some conventional loans allow as little as 3%, and FHA loans require just 3.5%.
What's included in my monthly mortgage payment?
What is a 2-1 buydown, and how does it work?
Who pays for the 2-1 buydown—the buyer, the seller, or the lender?
What are closing costs, and how much should I expect to pay?
How does my credit score affect my mortgage rate?
ALL YOU NEED TO KNOW
How much do I need for a down payment on a home?
The amount you need for a down payment depends on the type of loan and your financial situation. While 20% is a common benchmark, many buyers put down less—some conventional loans allow as little as 3%, and FHA loans require just 3.5%.
What’s the difference between pre-qualification and pre-approval?
How does my credit score affect my mortgage rate?
What are closing costs, and how much should I expect to pay?
How long does the homebuying process usually take?
Can I buy a home if I’m self-employed or have irregular income?
What’s included in my monthly mortgage payment?
What is a 2-1 buydown, and how does it work?
Who pays for the 2-1 buydown—the buyer, the seller, or the lender?
TEAM LEADER - The Hobbs Valor Group
Andre Hobbs
San Diego Broker | The Hobbs Valor Group | License ID: 01485241