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Get Pre-Approved

Unless you have a very thick wallet indeed filled with cash, you will want to start this Ventura County Home buying process by qualifying for a loan.

In general, you will need to bring these documents with you when you meet with a lender, but please check with the lender you will be meeting with for their specific document requirements, items below will give you some idea of the general required documentation

  • 2 most recent consecutive pay-stubs for each borrower
  • last 2 years of W-2’s for each borrower
  • last 2 years of tax returns–ALL PAGES; personal (if self-employed or 100% commissioned employee) and corporate (if >25% owner of company)
  • Asset account statements (savings, retirement, stocks, checking, etc.) for 2 most recent months–ALL PAGES
  • Current lease(s) on all rental properties
At the meeting with a lender, ask about all loan costs (origination fees, discount points, etc) as well as closing costs. Closing costs are fees for services, taxes or special interest charges connected with a home purchase, including front loan points, title insurance, escrow or closing day charges, document fees, prepaid interest and property taxes. Be prepared to pay an average of 2 to 3 percent of the home’s total value in closing costs, with payment due at closing unless the costs have been already rolled into the loan. And make sure your lender gives you a Good Faith Estimate in accordance with the Truth in Lending Act (Regulation2), so you can make an “apples to apples” comparison between lenders.

Look at the Good Faith estimate for your Ventura County Home purchase and understand the monthly payment for the price range you qualify for. Is this an amount that works in your budget. Be aware that there will be property taxes, insurance and if it is a Ventura County Condo, there will be HOA fees, and these expenses are added to the interest and principal payment that should be illustrated on the Good Faith Estimate.

When these figures all make sense and fit into your budget, then the fun begins.. the search for your Ventura County Home

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).

Date last updated: 5/19/12 5:56 AM PDT

This IDX solution is (c) Diverse Solutions 2012.