FINANCING The LAVP website has a mortgage calculator designed to help you estimate the purchase price of a home that you can afford.  This tool is for estimating purposes only.

● Free CMA     Find how much your house could   sell for in today's market. ● Mortgage Calculator   Calculate the expected monthly   payments on your new home. ● Loan Application   Get pre-approved and lock in   your rate today for a home loan   or home equity line of credit. ● MLS Search   Search thousands of current   listings to find your new home. ● Resource Center   Coming soon... find out current   interest rates, obtain your credit   score, research local schools,   community demographics and   more.	And your financial circumstances may permit you to spend more or dictate that you spend less than the tool suggests.  Unless you are paying all cash to close your purchase, your lender will ultimately determine how much you are authorized to spend on a property.  Once you are committed to purchasing a property, we suggest that you meet with a loan officer or mortgage broker to: -         Have a lender estimate how much you are authorized to spend, so that you do not waste time and effort shopping for homes in the wrong price range. -         Obtain a pre-qualification letter, or even better, a pre-approval letter form a lender to present to prospective sellers as an indication that you are a viable buyer, which will improve the chances that your offer to purchase a home will be accepted. -         Begin the time-consuming loan process, so that you don’t miss out on your desired property due to the length of time it will ultimately take to obtain financing. You can apply for a loan with an LAVP affiliate lender directly through LAVP.