San Ramon, California is a great place to call home. This quaint city located in the San Francisco East Bay area offers a dense suburban feel with all the benefits of being in close proximity to a major city. Plenty of restaurants, coffee shops, and parks line the streets of San Ramon, making it the perfect place for families. Buying a San Ramon home is one of the most exciting things you’ll do in your life – but it’s also likely the most expensive. Here’s how to secure your San Ramon home loan to finance your home purchase.
Why San Ramon?
Of all the wonderful East Bay cities, San Ramon is a hidden gem. San Ramon is consistently ranked as one of the best places to live in California – and for good reason. The public schools are highly rated, the cost of living is relatively affordable, and there’s plenty to do in this vibrant city. If you’re considering making the move to San Ramon, here are a few things you should know.
- San Ramon is a great place to raise a family. The city is home to many families and residents tend to own their homes.
- San Ramon is also a superb place to work. With many corporate headquarters located in San Ramon, the city has a thriving job market. San Ramon is close to many major Bay Area attractions.
- San Ramon is an ideal location. Just a short drive from San Francisco, Oakland, and Silicon Valley, San Ramon is the perfect location for those who want to experience all the Bay Area has to offer.
Securing a San Ramon Home Loan
Now that you know why San Ramon is the perfect place to call home, let’s talk about how to finance your San Ramon home purchase. Unless you have a swimming pool full of cash, you’ll need to take out a mortgage to help finance the purchase of a San Ramon home.
Check your Credit
Before you get too deep into the mortgage application process, it’s a good idea to take a step back and check your credit report. This will give you an idea of where you stand in terms of your creditworthiness. You can get a free copy of your credit report from AnnualCreditReport.com.
Boost your Credit Score
If your credit report isn’t as strong as you’d like it to be, don’t worry – there are steps you can take to improve your credit score. One of the best things you can do is to make all of your payments on time. You should also keep your balances low and avoid opening new lines of credit.
Calculate How Much You Can Afford
Once you have a better idea of your credit situation, it’s time to start thinking about how much you can afford to spend on a San Ramon home. This number will be based on many factors, including your income, debts, and down payment. Try this home affordability calculator from Forbes to get an idea of how much you can spend.
Shop Around for the Best San Ramon Home Loan
There are many different lenders out there vying for your business. It’s important to shop around and compare rates before you settle on a San Ramon home loan. Be sure to compare both fixed-rate and adjustable-rate mortgages to see which one is right for you.
Get Pre-Approved
Getting pre-approved will give you a better idea of how much you can afford to spend on a San Ramon home. It will also show sellers that you’re serious about buying a home.
San Ramon is a great place to call home. With a thriving job market, excellent public schools, and close proximity to major Bay Area attractions, San Ramon has something for everyone. When you’re ready to make the move to San Ramon, be sure to follow these steps to secure your home loan.
Related Reading: The California Housing Market Is Hot: A Mortgage Broker Can Help You Keep Your Cool
Contact the Mortgage Genie
If you’re ready to start the process of securing a San Ramon home loan, contact the Mortgage Genie. We can help you find the best San Ramon home loan for your unique situation. Contact us today to get started.
What are some other things you should know about San Ramon if you’re considering moving there? Let us know in the comments below.