Home Purchase Loan Options for California Buyers

A home purchase loan is the mortgage you use to buy a home, and the right one depends on your income, credit and the property. California mortgage broker Ted Erickson compares conventional, jumbo, FHA, VA and bank-statement programs across many lenders, gets you pre-approved and keeps your purchase on track from offer to closing.

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NMLS #223442

24 Years Closing Loans

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Home Purchase Loans at a Glance

What a home purchase loan with Ted looks like, from first call to closing.

Item	Detail
Who it is for	Buyers of a primary home, second home or investment property
Programs Ted compares	Conventional, jumbo, FHA, VA, bank-statement, asset-based and DSCR
First step	Pre-approval before you make an offer
How offers are compared	Loan Estimates from more than one lender, side by side
Where Ted works	Marin, Sonoma County and all of California
Licensing	Ted Erickson NMLS #223442, Barrett Financial Group NMLS #181106

Is it hard to get a loan to buy a house?

It is harder when your file only fits one bank’s rules. Lenders look at income, credit, assets and the property, and each weighs them differently. A mortgage broker can match the same file to several lenders, which is why buyers who were turned down once often still find a home purchase loan that works.

How a Home Purchase Loan Works With Ted

Every purchase starts with a short call. Ted asks what you want to buy, where, and how you earn your income, then pulls the home loan programs that fit instead of forcing you into one bank’s box. Think of him as your mortgage broker for home purchase decisions, not a salesperson for one lender.

Next comes pre-approval, so your offer carries weight with sellers and their agents. Ted compares purchase mortgage offers from several lenders and gives you Loan Estimates you can line up side by side, as the CFPB recommends.

Once you are in contract, Ted keeps the appraisal, underwriting and closing moving and tells you plainly what is happening at each step. First-time buyer? Start with first-time home buyer programs in California. Buying above the conforming limit? See jumbo loans for Marin and Sonoma.

Whether you need a first home buying loan or a jumbo for a Marin price point, the steps are the same: a clear plan, real numbers in writing and a call or text back when you have a question.

Tell Ted What Happened

Got turned down, stuck in underwriting, or have a deal that doesn’t fit the box? Call or text Ted directly, or start your application online.

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Theodore Emery Erickson · NMLS #223442 · (415) 717-0477
Barrett Financial Group, L.L.C. · NMLS #181106 · NMLS Consumer Access
Branch: 3207 Grey Hawk Court, Suite 110, Carlsbad, CA 92010

CA 60DBO-46052 and 41DBO-148702. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Equal Housing Opportunity. Equal Housing Lender. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and property eligibility.

Questions About Home Purchase Loans

Straight answers to what California buyers ask most about home purchase loans.

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A home purchase loan is a mortgage used to buy a home, as opposed to refinancing one you already own. The lender pays the seller at closing and you repay the lender over time. Common types include conventional, jumbo, FHA and VA loans, and Ted compares them across many lenders to find your fit.

For most buyers it comes down to documented income, credit history, money for closing and a property that appraises. A file that is simple at one bank can be hard at another. Ted looks at your whole picture first, then sends it to the lenders whose rules already fit it.

Often, yes. A bank can only offer its own loans, while a broker compares many lenders with one application. That gives you more programs to choose from and a second option if the first lender says no. Compare the Loan Estimates either way. More in mortgage broker vs bank.

For most borrowers, yes. A mortgage broker can often get better pricing than a big bank because brokers have lower overhead and shop many wholesale lenders at once. You also work directly with a seasoned loan officer. Banks sometimes lower a rate for customers who keep investments with them, but in most situations a broker comes out ahead.