Housing Loan

[moonrising]

Hi! My husband is doing some business in San Francisco for more than a year now. And recently, he told me that he is planning to get a house for our family. Of course we don't have enough budget lol...so, we are considering to consult a financing company to help us get an affordable home. Can you guys recommend a good firm? Or would you be able to suggest other options? Thanks in advance.

[snafu]

Welcome to SA. Moving is a major change and moving to a big, expensive city like San Francisco is huge. There are so many questions to figure out what will serve your needs for the lowest possible cost. Where do you live now? Do you rent? How large a space do you need? Do you have kids that need/will need access to schools? Will you seek work?

The basic rule of thumb for housing suggests...spending no more than 30% of take home pay [income] for housing costs all in - including utilities like electric, heat, cable, internet, phone, water, sewerage, trash, parking etc.

[tripods68]

Hi! My husband is doing some business in San Francisco for more than a year now. And recently, he told me that he is planning to get a house for our family. Of course we don't have enough budget lol...so, we are considering to consult a financing company to help us get an affordable home. Can you guys recommend a good firm? Or would you be able to suggest other options? Thanks in advance.

Are you locating to City or commuting outside the city? What is your budget? How much you can afford versus debt? Average price for a home in the city is 1 million +.

[Jovanny]

You can go for a credit union. You may get loan at a low interest rate and easy repayment options.

[Claudia Bob]

Hi! My husband is doing some business in San Francisco for more than a year now. And recently, he told me that he is planning to get a house for our family. Of course we don't have enough budget lol...so, we are considering to consult a financing company to help us get an affordable home. Can you guys recommend a good firm? Or would you be able to suggest other options? Thanks in advance.

Hi, that's great! but I won't be able recommend one, I do not have any experience in applying for a housing loan especially in San Francisco. My mom used to borrow home loans from government institutions here in our place. I just do not know the rates given. But, she used to tell me that it is better than borrowing from a bank.

[Claudia Bob]

Hi, I forgot to mention too that upon asking my mom, she mentioned that some financial or lending institutions can give fixed rate mortgage. I guess, I have read that somewhere here online also. I hope it helps.