Local homebuying workshop offers financing options and shared‑appreciation examples for first‑time buyers
April 03, 2026 | Glendale, Los Angeles County, California
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Local realtors and mortgage advisors used Glendale’s housing summit to walk potential buyers through market realities, financing steps and programs tailored for first‑time purchasers.
"Homeownership is one of the most powerful ways of wealth building," said Sabak Sarabian, CEO of the Glendale Association of Realtors, who presented a 15‑year price trend for the city and urged buyers to prepare financially rather than wait for prices to fall. Sarabian emphasized limited inventory and competitive offers in Glendale’s market.
Edwin Davidian, a senior mortgage advisor with House America Financial, explained the preapproval process and its three pillars — income, assets/down payment and credit — and said preapproval helps buyers understand what they can comfortably afford. Davidian outlined typical closing costs (roughly 2% of purchase price in the examples used), escrow and underwriting timelines and the role of earnest‑money deposits and closing disclosures.
Presenters reviewed several first‑time buyer programs: forgivable grants (example amounts cited: $10,000 that may be forgiven over time), low‑interest loans for down payment assistance (one example described a 1% interest loan covering 3% of purchase price), and 100% financing options. They also explained shared‑appreciation models such as state 'shared appreciation' programs: a program may provide 20% of purchase price at acquisition in exchange for a proportional share of appreciation on resale.
Speakers gave practical examples (an entry‑level one‑bedroom condo around the mid‑$400,000s; estimated monthly payments including HOA and PMI in one example near $3,800) and discussed home‑equity lines of credit (HELOCs) as a second‑loan tool. Presenters closed by directing attendees to take materials from the housing table and to consult lenders, realtors and tax professionals when planning a purchase.
The workshop concluded with a question‑and‑answer period and contact details for follow‑up with presenters.
"Homeownership is one of the most powerful ways of wealth building," said Sabak Sarabian, CEO of the Glendale Association of Realtors, who presented a 15‑year price trend for the city and urged buyers to prepare financially rather than wait for prices to fall. Sarabian emphasized limited inventory and competitive offers in Glendale’s market.
Edwin Davidian, a senior mortgage advisor with House America Financial, explained the preapproval process and its three pillars — income, assets/down payment and credit — and said preapproval helps buyers understand what they can comfortably afford. Davidian outlined typical closing costs (roughly 2% of purchase price in the examples used), escrow and underwriting timelines and the role of earnest‑money deposits and closing disclosures.
Presenters reviewed several first‑time buyer programs: forgivable grants (example amounts cited: $10,000 that may be forgiven over time), low‑interest loans for down payment assistance (one example described a 1% interest loan covering 3% of purchase price), and 100% financing options. They also explained shared‑appreciation models such as state 'shared appreciation' programs: a program may provide 20% of purchase price at acquisition in exchange for a proportional share of appreciation on resale.
Speakers gave practical examples (an entry‑level one‑bedroom condo around the mid‑$400,000s; estimated monthly payments including HOA and PMI in one example near $3,800) and discussed home‑equity lines of credit (HELOCs) as a second‑loan tool. Presenters closed by directing attendees to take materials from the housing table and to consult lenders, realtors and tax professionals when planning a purchase.
The workshop concluded with a question‑and‑answer period and contact details for follow‑up with presenters.
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