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Chino Hills is a suburb located in the southwestern corner of San Bernardino County, California, United States. The city borders Los Angeles County on its northwest side, Orange County to its south, and Riverside County to its southeast. The city had a total population of 80,897 as of 2005.[1]
Chino Hills was ranked 68th in Money Magazine's "Best places to live 2005."[2] It is also the 6th highest income place in the United States (with population 65,000 to 250,000)[3] and was ranked as the 21st safest city in the United States by the FBI.[4] Chino Hills is generally considered a part of the Chino Valley.
Chino Hills’ reputation is known in the national arena as well, as it was featured on the list of 87 of America’s hottest towns in the January 2004 issue of Money magazine. Chino Hills was ranked 8th on the list of “best places in the west with a population under 100,000.” The magazine reviewed a decade of data for communities with above average population growth, income, and home prices “to see where people were most willing to devote a high multiple of their annual income to live happily ever after.”
Chino Hills First Time Home Buyer News
Finding Grants
Most states insist on potential first time home buyers to go to classes and or workshops enlightening the course of buying a home. Within these classes is education on the application process and how to get hold of first time home buyer grants that are presently available.
Nine steps to buying a home
- Figure out how much you can afford
- Know your rights
- Shop for a loan
- Learn about homebuying programs
- Shop for a home
- Make an offer
- Get a home inspection
- Shop for homeowners insurance
- Sign papers
Step 1: Figure out how much you can afford
What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate. The calculators below can help, but it is best to visit a lender to find out for sure.
Need help with your downpayment and/or closing costs?
Homebuying programs in your state
A housing counselor can help you figure out how to manage and pay off your debt, and start saving for that downpayment!
Find a housing counselor near youStep 2: Know your rights
Step 3: Shop for a loan
Save money by doing your homework. Talk to several lenders, compare costs and interest rates, negotiate to get a better deal. Consider getting pre-approved for a loan.
Looking for the best mortgage: shop, compare, negotiate - brochure
Step 4: Learn about homebuying programs
Homebuying programs in your state
FHA loan programs offer lower downpayments and are a good option for first-time homebuyers.
Let FHA help youHUD's special homebuying programs
Good Neighbor Next Door (formerly known as Teacher/Officer/Firefighter Next Door)
Hurricane Evacuees discounted sales
Homeownership for public housing residents
Indian Home Loan Guarantee Program (Section 184)
Step 5: Shop for a home
Wish list - what features do you want?
Home-shopping checklist – take this list with you when comparing homes
Homes for sale (including HUD homes)
Fixer-uppers" - home purchase and repair programs
If you choose a home in a neighborhood with a Home Owners Association (HOA), be sure to request a copy of the HOA packet, so you can review before closing.
Step 6: Make an offer
Discuss the process with your real estate agent. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale.
Step 7: Get a home inspection
Make your offer contingent on a home inspection. An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs.
Step 8: Shop for homeowners insurance
Lenders require that you have homeowners insurance. Be sure to shop around.
Step 9: Sign papers
You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!
Government Grants For First-Time Home Buyers on Aug6 2007
What Does Your Credit Score Tell You?
When you apply for a loan or a mortgage, the first thing the lender does is to …..
The American Dream Down Payment Act authorizes $200 million in grant aid for each of the coming four years to low-income, first-time homebuyers. It certainly is a dream come true for many […]
First Time Home Buyer’s 10 Step Guide! Must Read Before Buying! on Jul13 2007
1. Know You’re Ready
You must be ready to buy a home physically, financially and emotionally. Your own home is a great freedom, but also a great responsibility. If you have a steady income for over two years that is reliable, have paid your bills on time and have a good record, have few large, long […]
Use the FHA and Start The Process Toward Buying Your Very Own Home - Today! on Jul12 2007
The FHA or Federal Housing Administration is now a part of HUD or House and Urban Development, which are responsible for making home ownership more accessible for more Americans. What is great about the FHA, is that you do not have to have perfect credit or a high paying job. The payments are usually smaller […]
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