First Time Homebuyer
Loans in Los Angeles

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Shopping for your first home in Los Angeles?

In the entertainment capital of the world, the sun is always shining, and opportunity abounds. Once you find your niche in the city’s thriving economy, you’ll be able to take advantage of all the area has to offer. If there is one word that can sum up the entire metropolitan area, it is probably “diversity.” LA is home to a diverse populace, and each neighborhood has its own distinctive character. That means that you have a lot of choices when you’re looking for a home.

While those choices can open the door to a bright future in LA, they also can come with a sea of questions:

What neighborhood is ideal for me and my family?

What type of mortgage will I need to purchase the home of my dreams?

What if I cannot afford the down payment?

How can I be sure my home will still be affordable later down the line?

I am here to answer all of these questions and more.

I love working with first time homebuyers, and I have helped so many customers over the years to move into beautiful homes and neighborhoods in LA. There truly is a loan which is ideal for every customer, and as your Los Angeles mortgage broker, I am dedicated to finding you yours.

First Time Homebuyer Loan Programs in Los Angeles

As you shop for your first home, you may find yourself needing some help affording your down payment. You also might still not have an ideal credit score, and may be concerned about whether that will hold you back from finding an affordable loan.

Thankfully, there are programs at both the local and national levels to make homeownership more affordable to first time homebuyers.

LOCAL

Affordable Homeownership Program

This program is offered through the Community Development Commission of the County of Los Angeles. It is targeted specifically at first time homebuyers whose income does not exceed certain maximum annual caps.

California Housing Finance Agency MyHome Assistance

MyHome is the state’s down payment assistance program, which may be paired with a CalHFA first mortgage loan.

California Housing Finance Agency CalPLUS with ZIP

Through this program, you can get assistance with closing costs.

CalPlus School Teacher and Employee Assistance Program (School Program)

Do you work in education? This state program was designed especially for those in the educational sector who are shopping for their first home. It can help to pay for closing costs and/or the down payment on a home.

Cal-EEM + Grant Program

This program is open both to first time homebuyers and repeat homebuyers. It can be used to make a home more energy-efficient.

NATIONAL

FHA

An FHA loan insured by the Federal Housing Administration is an ideal loan option for first time homebuyers. Depending on your credit score, your down payment on your first home could be just 3.5%. FHA loans also offer low interest rates, making them a favorite choice for first time and repeat homebuyers.

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USDA

If the home you are buying is in a “rural” area as designated by the US Department of Agriculture (USDA), you may qualify for a USDA-insured loan with zero down payment, low interest rates, and additional benefits.

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VA

One of the most exciting programs available to first time homebuyers is the VA loan program insured by the Department of Veterans Affairs (VA). As an eligible veteran, active duty service member, or surviving spouse, you could move into your first home in Los Angeles with zero down and no PMI requirement.

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Do you qualify for any of these first time homebuyer programs?

When you meet with me for your consultation, we can review your financial details and find out.

Why Choose Shannon Christenot as Your First Mortgage Broker?

I am passionate about helping out first time homebuyers. I love the diverse people who make LA such a unique place, and I can’t wait to welcome you to our community.

It is my belief that for every customer, there is an ideal loan. I will strive tirelessly to help you clear any barriers which are in your way, and will find you a loan which is structured to help you achieve your goals.

I love questions—answering them and asking them. Whatever questions you have about the mortgage process, fire away. I gladly will take my time to help you understand every aspect of applying and paying on a home loan. I’ll be asking you questions in return to find out all about your needs and goals.

Saving you money while making the home loan application process as fast, smooth and easy as possible is one of my top priorities. I’ll focus on matching you with the ideal loan so that you can focus on picking out the home of your dreams.

What Our Clients Say

Caroline Wong
Caroline Wong
17:04 22 Apr 20
Shannon was very prompt and responsive to all queries. The process went more smoothly than I ever could have imagined. Highly recommend Shannon for all your mortgage/re-financing needs.
Sarah Goldberger
Sarah Goldberger
19:36 21 Apr 20
I cannot recommend Shannon highly enough! As an independent contractor, I knew getting a mortgage would be a little difficult, and Shannon supported me and helped make it work every step of the way. If I ever need brokerage services again, she'll be my first call!read more
Kristina Robbins
Kristina Robbins
21:47 15 Apr 20
We’ve worked with Shannon and her team twice and both experiences were stellar. The first was buying our first home and she walked us through the process and explained everything along the way to help us get quickly up to speed. The second time we were going for a refi in maybe the most turbulent mortgage market ever as COVID hit. She guided us through all the hurdles and worked double time to satisfy all the lenders new requests. We got a rate a full percent lower. I can’t recommend this team highly enough.read more
Karl Larsen
Karl Larsen
23:55 13 Apr 20
Shannon Christenot is the most amazing lender we’ve ever had. As a matter of fact this is the second time we’ve used Shannon to do a mortgage with us. She held our hand every step of the way. She made the whole process stress-free as well. And when we were coming down to the wire to finish our escrow within the 30 days she got us an extension Without even asking. Now we are locked into a very low rate. We’ve saved hundreds of dollars per month for the next 30 years. We cannot Thank Shannon enough. I would recommend Shanon to anyone thinking of buying a home or refinancing.read more
Tony Bilby
Tony Bilby
03:09 07 Mar 20
Shannon and her team were professional, competent, and swift when it came to the lending associated with my home purchase. We were able to get the loan approved and close on a house in less than 30 days. Record time!read more
Joshua Barton
Joshua Barton
16:05 23 Nov 19
I have had the pleasure of working with Shannon for 8 years - her knowledge of the mortgage process and attention to clients is unparalleled. The Los Angeles market can be tricky with high dollar homes and unique income of the Entertainment Industry, but Shannon takes charge and leads everyone through to successful closings like clock work - cannot recommend her enough a true Rock Star in Mortgage world.read more
Lauren S
Lauren S
04:52 18 Oct 19
Working with Shannon was a real pleasure. She was always available and got back to me promptly with any necessary information. I was able to refinance my mortgage at a rate considerably lower than another larger company quoted who I had started working with. I look forward to working with Shannon again and I highly recommend her to anyone looking for a competent and decent mortgage broker.read more
Mike White
Mike White
02:15 27 Sep 19
As first time home buyers we had no idea what we were doing. We were pre-approved by a well known company but quickly discovered that we absolutely did not want to work with them for the actual mortgage. Shannon was recommended to us by a friend and I called on a Saturday morning. By Saturday evening we were well on our way to buying a house (we closed three days ago!). Shannon made navigating these foreign waters so easy, answering all of our newbie questions with patience and grace. Plus she got us a fantastic rate. We are so grateful for Shannon and can not recommend her enough. WE OWN A HOME!!read more
Alaine Smith
Alaine Smith
13:15 26 Sep 19
It was wonderful working with Shannon! She is attentive, thorough, and intelligent. It was easy to communicate with her because she took time to hear and understand my goals and always responded quickly. I highly recommend her to anyone looking. The customer service she provides exceeds expectations by a long shot! Thank you, Shannon, for all your help!read more
Julie Mckay
Julie Mckay
17:20 28 Aug 19
I just purchased my first home! Shannon and her team were truly a dream to work with. I was never left in the dark and she was always quick to respond with all of my questions. My experience couldn't have been easier. I highly recommend Shannon and would use her again in a heartbeat! She is the BEST!read more
jojo quijada
jojo quijada
19:55 27 Aug 19
I've been in the real estate business for over 5 years now, and I always trust Shannon to work with my clients. She and Josh are an AMAZING TEAM! Buyers love to work with Shannon as she gets things done asap and answer any and every question/concern. I couldn't recommend a better person for lending. Can't thank her enough!!read more
Rotimi Ayanbeku
Rotimi Ayanbeku
20:12 15 Aug 19
I always go back to Shannon because she is one of the best in the business! I've worked with Shannon over the years, however, she outdid herself in my last deal. She was so professional, caring and effective that my clients were comparing everyone else in the deal to Shannon. More importantly, we were ready to fund in less than two weeks. Once again, Shannon affirmed my belief in her that she always rises to the occasion. Thank you for being the best!read more
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Apply for Your First Home Loan in Los Angeles Today

Ready to move into your first home in LA? Let’s make it happen. To apply for your first mortgage, please give me a call now at (818) 601-2231, to set up your consultation. I look forward to meeting you and helping you to find an affordable and flexible home loan!

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