Question 1

What’s the minimum down payment to buy a home?

Accepted Answer

The minimum down payment depends on the type of loan you use:

FHA Loan: 3.5% down (most common for first-time buyers)

Conventional Loan: As low as 3% down for qualified buyers

VA Loan: 0% down (for eligible Veterans and active-duty military)

USDA Loan: 0% down (for qualifying rural areas)

Keep in mind, your credit score, income, and debt-to-income ratio can affect which programs you qualify for — but many buyers are surprised by how little they actually need upfront.

If you want, I can help you figure out which option fits you best. Reach out via text, call, or email anytime.

Question 2

What’s the minimum credit score needed to buy a home?

Accepted Answer

The minimum credit score depends on the loan program, but here are the basics:

FHA loans: Can go as low as 580, and in some cases even down to 500 with a larger down payment.

Conventional loans: Typically require around 620 or higher.

VA loans: No official minimum, but most lenders look for around 580–620.

Everyone’s situation is different, so if you want to know exactly where you stand, feel free to call, text, or email me. I can help you find the best path to get you home-ready.

Question 3

Is now a good time to buy a house?

Accepted Answer

It depends on your personal situation — but for many buyers, yes, it can still be a great time.

Even though interest rates have been higher recently, buying now can offer advantages:

Less competition compared to previous years

More negotiating power on price, repairs, or closing costs

Equity starts the moment you buy — waiting often means paying more later

You can always refinance later if rates drop

At the end of the day, the best time to buy is when you’re financially ready and the payment comfortably fits your budget. If you’re not sure, reach out — I can run the numbers with you and help you figure out the best move.

Text/Call/Email anytime.

Question 4

How much do I need to make to afford a home in California?

Accepted Answer

It really depends on where in California you’re buying, the price of the home, your credit, down payment, and debt-to-income ratio. But here’s a general idea:

In many parts of California, a typical buyer may need around $80,000–$120,000 per year to afford a median-priced home.

In higher-cost areas (LA, Orange County, Bay Area), buyers may need $140,000+ depending on the home price.

In more affordable areas, buyers can qualify with $60,000–$80,000.

Everyone’s numbers are different, so the best way to know exactly what you need is to reach out—call, text, or email me and I can run the numbers for you.

Question 5

How much does it cost to do a Living Trust?

Accepted Answer

Living Trusts typically range from about $2,500 and up when prepared by an attorney. But the good news? We can help you get it done for a much lower price—without sacrificing quality.

Every family’s situation is different, so for a precise quote, feel free to call, text, or email me anytime. I’m happy to walk you through your options.

Question 6

What is Mortgage Protection Insurance?

Accepted Answer

Mortgage Protection Insurance (MPI) is a life insurance policy designed to protect your home and your family. If something happens to you—like death, a serious illness, or disability—this coverage can help pay off your mortgage or cover monthly payments, so your family doesn’t risk losing the home.

It’s an affordable way to make sure your biggest asset stays protected, no matter what happens.

If you’d like a personalized quote or want to know if it's right for you, feel free to call, text, or email me anytime.

@MannyEstateSolutions

Bi-lingual (Spanish) California's 20+ Year Realtor & Mortgage Pro — Homes, Loans & Legacy, Simplified

Probate/Living Trust/Life Insurance

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