$1.1M
Median Home Price
3.5%
Min Down Payment
45 Days
Avg. Closing Time
200+
Lender Options
Orange County Home Buying Process
Follow these essential steps to successfully purchase your Orange County home with confidence.
Get Pre-Approved
Secure mortgage pre-approval to understand your budget and show sellers you're serious
Find Your Agent
Choose an experienced Orange County real estate agent who knows local markets
House Hunting
Search for homes within your budget in preferred neighborhoods
Make an Offer
Submit competitive offers with appropriate contingencies
Complete Inspections
Conduct home inspection, appraisal, and finalize mortgage approval
Close Escrow
Sign final documents, transfer funds, and receive keys
Orange County Mortgage Loan Options
Choose the right financing option for your Orange County home purchase with access to 200+ lenders.
Popular Orange County Neighborhoods
Explore Orange County's diverse communities and find the perfect neighborhood for your lifestyle.
Types of Homes in Orange County
Understanding different property types helps you make informed decisions about location, pricing, and financing options.
Single Family Homes
Detached homes in established neighborhoods with yards and privacy
Best for: Families seeking space and long-term investment
Condominiums
Low-maintenance living with community amenities
Best for: First-time buyers and those wanting amenities
Townhomes
Multi-level living with some private outdoor space
Best for: Balance of space and maintenance convenience
Luxury Properties
Premium homes in exclusive communities
Best for: High-net-worth buyers seeking luxury amenities
Orange County Home Buying FAQ
Get answers to common questions about buying a home in Orange County.
How much do I need for a down payment in Orange County?
Down payment requirements vary by loan type. FHA loans require as little as 3.5%, conventional loans can be as low as 3%, and VA loans offer 0% down for eligible veterans. For jumbo loans (over $1,089,300), expect 10-20% down. Many Orange County buyers put down 10-20% to remain competitive.
What are typical closing costs in Orange County?
Closing costs in Orange County typically range from 2-5% of the home purchase price. This includes loan origination fees, title insurance, escrow fees, recording fees, and prepaid items like property taxes and insurance. For a $1M home, expect $20,000-$50,000 in closing costs.
How long does the home buying process take?
The typical Orange County home buying process takes 30-60 days from offer acceptance to closing. Pre-approval should be obtained before house hunting (1-3 days). Finding the right home can take 2-8 weeks depending on market conditions and your requirements.
Should I buy or rent in Orange County?
The buy vs. rent decision depends on your financial situation, lifestyle, and long-term plans. With median home prices over $1M, renting may make sense short-term. However, Orange County real estate has historically appreciated well, making buying advantageous for long-term residents who can afford the initial costs.
What credit score do I need to buy a home in Orange County?
Minimum credit scores vary by loan type: FHA loans accept scores as low as 580, conventional loans typically require 620+, and VA loans are flexible. For the best rates on Orange County's high-value homes, aim for 740+. Higher scores also help in competitive bidding situations.
Are there first-time buyer programs in Orange County?
Yes, several programs assist first-time buyers including CalHFA conventional and FHA loans with down payment assistance, local city programs, and employer assistance programs. Many offer reduced rates, down payment help, or closing cost assistance for qualified buyers.