First Time Homebuyer
Loans in Los Angeles

FREE Mortgage Rate Quote

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.

Learn More

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.

Learn More

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.

Learn More

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

Raz Terovsepyan
Raz Terovsepyan
23:02 11 Sep 21
I met Shannon through my sister in law 7 years ago when I was in the process of buying a house. She went above and beyond to make sure the transaction went smoothly. I just refinanced my house for a... better rate and she delivered it as promised. All and all had a great experience and I’m looking forward to working with her again in the near future.read more
Thomas Cotton
Thomas Cotton
20:42 11 Sep 21
I have nothing but high praise for Shannon. My property was days from foreclosure when I first contacted her. I feel that it was only through her prompt attention, persistence, expertise, and... resourcefulness that she was able to arrange for a reverse mortgage in time to prevent foreclosure.I will always be grateful to Shannon for saving my home.read more
Kristina Robbins
Kristina Robbins
00:07 10 Sep 21
We’ve worked with Shannon and her team three times and all 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. The third time we did another refi at another .5% lower and again she got it done in record time. I can’t recommend this team highly enough.read more
Craig White
Craig White
19:59 04 Aug 21
I've worked with Shannon and her team for several years now and they are top notch!! Very professional, always one step ahead, responsive personable and trustworthy. We have had several difficult... deals and Shannon always keeps her cool and gets the job done. Highly recommend!read more
Carla Lowe
Carla Lowe
19:51 04 Aug 21
My experience with Shannon was off the charts! I represented the buyer in a transaction and Shannon was amazing! When we wrote the offer she promised 10 day(!) loan and appraisal contingencies, as... well as a 21 day escrow! This helped my client get their offer accepted! But even better: Shannon delivered! She always quickly replied to my emails, she answered her phone, and was ALWAYS professional and helpful! I also loved that the emails Shannon and her team sent to escrow were detailed and thorough! I have added Shannon to my short list of lenders that I refer to clients!read more
Susan von Seggern
Susan von Seggern
00:55 04 Aug 21
Shannon was instrumental in making sure we could put a quick close into our offer and that our loan did indeed close on time! We couldn't have done it without her!
Audrey Cosenza
Audrey Cosenza
16:43 02 Aug 21
Shannon at HomePro is a consumate professional. I have spent many years in commerical real estate but needed help for my home loan. Shannon's service was outstanding. I got the best rate and was... appreciative of her calm demeanor through the process. I highly recommend her and her services.read more
Mimi M
Mimi M
17:28 31 Jul 21
Shannon is amazing! Fast, responsive and always professional. We’ve completed three financings with her and all three were seamless and closed on time or faster than promised.Shannon was always... available and clearly communicated what we needed to provide at all times. Her team was organized and fast as well. Instructions to escrow were super detailed and precise. These days, your ability to close quickly can be the difference between having an accepted offer or not, making Shannon a truly valuable resource.read more
Benjamin Rice
Benjamin Rice
23:35 22 Jul 21
Shannon was a dream to work with and made everything so smooth and simple. Thanks so much! Highly recommended.
Rowaida Bourji
Rowaida Bourji
17:22 15 Jul 21
Working with Shannon has been a pleasure! She makes difficult and not so pleasant processes like home loans and refinancing easy and a breeze. Her knowledge and experience is admirable. One of the... best aspects about working with Shannon among everything else is how quick,responsive,and clear she is from start to finish!read more
Sherry Apodaca
Sherry Apodaca
15:41 13 Jul 21
Thank you Shannon and everyone on you team.Once again you have help me in everything I needed to refinance my house.You and your team are very good and professional.I would be glad to share your... company with anyone interested in buying or refinancing.Sherry Apodacaread more
Kelvin Vu
Kelvin Vu
18:08 18 May 21
Cannot recommend enough
Brandi Carter
Brandi Carter
22:33 14 May 21
If you are looking to secure a loan or refinance, this is your woman, the best in the business! Shannon got me a great rate on my first home loan, and most recently a great rate on my refinance.... Throughout the process, she was attentive and informative and readily available to answer any questions I had. As an added bonus, she has an amazing personality and is very friendly and personable. Can't say enough good things about Shannon and highly recommend!read more
Tammy K. Billings
Tammy K. Billings
22:31 14 May 21
Shannon is the consummate professional. Providing excellent guidance through a stressful process. Moving quickly with access to great resources on a moments notice. And somehow manages to do it all... with a smile and grace. I cannot recommend her highly enough... she coached me through waiting for just the right moment to get the best rate possible!!read more
Jonathan Sumilang
Jonathan Sumilang
17:07 13 May 21
Was referred to Shannon by my realtor and couldn't be happier. Shannon was responsive with my calls, text and detailed emails. Even though there was a minor bump on the road due to appraisal issue,... we navigated that with ease with her guidance. A very quick close... highly recommended.read more
Frank Diaz Jr.
Frank Diaz Jr.
15:44 13 May 21
First off, Shannon Christenot rocks!!! Shannon made the whole process of securing our loan, all the way through to the closing of Escrow effortless. I would absolutely recommend her to family and... friends!read more
Brandi Carter
Brandi Carter
01:54 13 May 21
If you are looking to secure a loan or to refinance, this is your woman, the best in the business! Shannon secured an excellent rate for me on my original loan, and most recently on a refinance.... Through the process, she was attentive to my needs and readily available to address any questions I had. As an added bonus, she has an amazing personality and will make the process seamless. Can't say enough good things about Shannon and highly recommend!read more
Debra Strong
Debra Strong
23:44 17 Mar 21
Excellent Work
Gia Battocchio
Gia Battocchio
04:20 04 Mar 21
My husband and I just purchased our first home last month! We were referred to Shannon by our close friend and I am so thankful she was our guide through this process. Shannon was positive and... personable from the moment we spoke. She alleviated our concerns over securing a loan by reassuring us EVERY step of the way that we were on track. She always responded promptly and kindly to my numerous calls and texts, and her confidence was the kind that only comes from someone with years of experience. But for those of you who aren't looking for hand-holding and just want to get the job done, Shannon works so QUICKLY! She and her team moved things forward in a streamlined manner and we were closing escrow in no time. This is EXTREMELY important in a city like Los Angeles where you have to move quickly on your dream home because there are always 20 other offers. I can't say enough good things about Shannon. You would be lucky to work with her!read more
Veronica Perez
Veronica Perez
20:24 19 Feb 21
Shannon and the whole team at HomePlus Mortgage are A+! Knowledgeable, responsive and trustworthy. Highly recommended!
Brendan Bolton - Klinger
Brendan Bolton - Klinger
22:13 05 Feb 21
Shannon is amazingly talented and is great to work with. She is super-fast and has always gotten us the best rates. Over the past 10+ years, Shannon has helped my family complete 5 major loans: 1... primary residence; 2 investment properties; 1 refinance; 1 cash-out refinance. If you are getting a loan in California, you cannot do better than Shannon. Get in touch with her and do your deal with the confidence of knowing things will go smoothly. Thank you, Shannon!!!read more
Joe Torreto
Joe Torreto
23:24 15 Jan 21
Shannon was amazing and her team! She continued to provide us an updates and truly understand the stressed that an owner goes through. She is a great asset to the team, and could not have done this... very stressful journey without her help. Thank you very much and another refi in 5 years, who knows. Great job, Shannon! Happy New Year to All!read more
Andrew Kline
Andrew Kline
18:06 13 Jan 21
Shannon is amazing! She is the go to lender on all of my transactions! Always on the ball and very responsive!
Norm Page
Norm Page
15:41 16 Dec 20
Shannon and team did a yeoman's job pulling my re-fi through in these challenging times. I had had another loan officer trying to work through the underwriters for months on end to little to no... avail. Then I engaged Shannon on a local reference, and she unlocked the key to the underwriters, whatever it was. My re-fi came through with a fantastic rate saving us a ton every month.read more
Roxann Smith
Roxann Smith
18:45 22 Oct 20
Shannon was a delight to work with. very professional and personable. she made the whole process as easy as could be. couldn't recommend her higher.
Kris Van Herle
Kris Van Herle
00:52 17 Oct 20
A big bank lender told us it would take 70-80 days to close our refi. Shannon got it done in just a few weeks and at a much better rate. Great service, great communication. Highly recommend!
Tania Van Herle
Tania Van Herle
19:19 16 Oct 20
Ernie Mundell
Ernie Mundell
00:02 22 Sep 20
So two guys own a duplex together in LA and wanted to re-fi in 2020, but then both of these Canadians fled up north to escape COVID and wildfires, that immediately made the process international and... MUCH more complex. Luckily though, Shannon's patience, upbeat outlook and ingenuity totally got us through it all. She's the best - highly recommended.read more
Dana Weinzettl
Dana Weinzettl
20:32 19 Aug 20
Shannon was so amazing the whole way through our loan process! She answered all of our questions and made everything so seamless and easy. Would recommend her to everyone!
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
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
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
Nasser Lavi
Nasser Lavi
21:55 20 Sep 19
one of the most ethical persons i have ever met
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
Property Manager
Property Manager
00:29 24 Jul 19
Shannon IS THE BEST in the business hands down! From loan programs to customer service, her attention to detail, follow through & industry knowledge are impressive. I have never felt like I had... anyone work so hard for me. I will never use another lender again!read more
Kellie Ayon
Kellie Ayon
19:20 17 Jun 19
We worked with Shannon and her team recently and it was a wonderful experience! Shannon was clear and concise about the lending process. We felt confident purchasing our home because she made... herself available outside of normal work hours and answered any and every question. If you want a top notch professional helping you during your home purchase, Shannon’s team is a must. We are so grateful for her time, professionalism, and undivided attention!read more
Maureen Martin
Maureen Martin
17:43 14 Jun 19
Shannon just closed a SUPER hard deal for me when nobody else could! I too am in the lending industry however, the company that I work for didn't have the program or product that I needed to close... this loan. Knowing that Shannon does a lot of 'out of the box' financing, I decided to give her a shot. She not only got the loan approved and closed for me, but her service and attention to detail completely knocked it out of the park! Her 20 + years in the business SHOWS! I highly recommend Shannon to anyone looking for a reliable, knowledgeable, affordable lender to close their loan!read more
Next Reviews

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!

Get Started Today