Homebuying Basics

Homebuying Basics

At Irvine Pacific, we pride ourselves on providing the personal attention and resources you need to guide you through the process. When you get the information you need and are educated about the homebuying process, purchasing your home can be a great experience.

Here you will find information to make your homebuying experience as smooth as possible — from understanding the benefits of homeownership vs. renting, to credit scores and mortgage tips. Armed with this knowledge, and your Sales Counselor at your side every step of the way, we are confident your transition from homebuyer to owner will be an easy and enjoyable experience.

Our sales representative was very helpful and professional throughout our buying esperience.

Magnolia Homebuyers

Lifestyle Quality

Living within the award-winning Villages of Irvine® means being close to the beauty, recreation, and more than 50,000 acres of protected Open Space.

Whether you have young children or simply appreciate the added value of proximity to award-winning schools, selecting a home located in the Irvine and Tustin Unified School Districts will continue to reward you for years to come.

Beyond quality education, we know feeling safe in your home is priceless. The City of Irvine is known as one of America’s safest cities, so you can sleep well knowing you have chosen a home in a community with a reputation for safety.

In addition to excellent education and a reputation for safety, the Villages of Irvine make up one of the nation’s most highly acclaimed communities. With an active and extensive community life, from local parks and playgrounds to open space, trails and nature preserves, your Irvine Pacific home provides unique advantages that will continue to reward you day by day and year after year.

Renting vs. Owning

Homeownership comes with many benefits, from practical to psychological.

Rather than paying rent to someone else, owning your home means making an investment in your future. In addition to that investment, there are tax advantages that come along with buying a home vs. renting, as you can deduct mortgage interest and property taxes. Home equity potential can also be a highly motivating factor in the decision to buy a home vs. rent.

Beyond the practical reasons for owning a home, the intangible, emotional benefits of owning a home vs. renting are equally important and, for some, even more compelling. Owning your home provides peace of mind, a sense of stability, and pride of ownership. Homeownership also grants you the freedom to create a space that is uniquely yours, whether that means redecorating, remodeling, planting a new garden or just knowing that you could if you wanted to.

10 Reasons to Buy New

Though the price of a new home may be more expensive than an existing one, your new home is likely to need fewer repairs or replacements since everything is new. Even better, homes usually appreciate with time and when you buy an Irvine Pacific home located in one of our desirable villages, the value may increase even more and you likely will have a greater resale appeal if and when you sell.

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New Home Pricing

Though the price of a new home may be more expensive than an existing one, your new home is likely to need fewer repairs or replacements since everything is new. Even better, homes usually appreciate with time and when you buy an Irvine Pacific home located in one of our desirable villages, the value may increase even more and you likely will have a greater resale appeal if and when you sell.

Your Neighborhood Is Well Planned

We know that a key factor in selling homes is building them in well-planned, desirable neighborhoods. We accomplish this by carefully selecting lots in locations with a quality reputation and desirable amenities for our future residents including top-ranked schools and best-in-class dining, shopping and recreation.

Up-To-Date Design

We are consistently generating new and better ways of constructing homes. As consumer trends change, we respond with new floorplans to accommodate customer needs that some existing homes do not include; such as great rooms (oversized family rooms), larger closets, media niches and larger state-of-the-art kitchens.


Our new homes come with something no older home can provide — Irvine Pacific’s limited warranty. This is your assurance that you are getting what you paid for and that we stand behind our product. A warranty typically covers new appliances, carpets, mechanical equipment and overall construction of your new home for a period of time.

Energy Efficiency

Our new homes are more energy efficient because they are better insulated, have better windows and more efficient central heating and air conditioning systems.

Build it Green Program

Wired for State-of-the-Art Technology

With the abundance of home computers, home media centers, surround sound and other modern conveniences, our new homes are being wired to accommodate state-of-the-art technology that wasn't available when many existing homes were built.

Healthy Living

New homes may offer health advantages. Asbestos is no longer used in shingles, floor tiles, ceilings or insulation in any of our new homes. And most often, lead is no longer used in paint, and formaldehyde emissions have been virtually eliminated from plywood and particle board.

Low Maintenance

We use the latest and greatest materials that technology can offer. The result? Our new homes are virtually maintenance free for many years.

Help Through the Process

To help make the new home buying process more manageable, we provide our customers with a team of trusted professionals to guide them through the process. This is especially helpful for first-time buyers.

A New Home Is All Yours

There is truly no place like home, and when you purchase a new Irvine Pacific home, you are able to create the setting you desire. The flooring, window coverings, appliances in the kitchen — all special touches that make your home distinct and special will be exactly what you decide.



The homebuying process leads to many questions. We have compiled a collection of the most commonly asked questions from our buyers and we hope some of your questions will be answered here.


When buying a home, understanding your credit is crucial. Your credit plays a significant role in determining the interest rate of your loan and the amount you can borrow. Three main credit bureaus are responsible for "scoring" your credit based on your credit history with items such as credit cards and loans. Lenders may contact one or all of these credit reporting agencies when deciding whether or not to grant you credit, and the higher your credit score, the more favorable your interest rate and other terms of your loan will be. To improve your score and make sure you are desirable to lenders, pay your bills on time, remain below your credit limit and pay off your debt rather than shuffling it around.

Federal Trade Commission Consumer Credit Information
National Foundation for Credit Counseling

The front/trim of your cabinets, sometimes called ‘front edge’, which can be finished with a variety of treatments such as bull nosed, decorative tiles, etc.
Items you can add to your new Irvine Pacific home at an extra charge, such as an additional room, a loft, a tech space or a Conservatory Room.
A "phase" is typically 8 homes. These homes are all built on the same schedule. Construction phase is the time frame your Irvine Pacific home is being built along with these other homes. Neighborhoods can have up to 10 or more phases.
The complete width of wall space just above the deck in kitchens or baths that serves as a guard to the wall at wet areas. Splashes can be treated with a variety of decorative treatments.
An item that is included in your home at no extra charge; often available in a variety of color or finish alternatives.
Dates by which you must make your decisions for personalizing your new Irvine Pacific home to maintain the construction schedule within your "phase".
The top of any interior horizontal surface can be called a deck, including: kitchen and bath cabinets and countertops or optional areas such as desk tops, etc. Decks can be treated with many surfaces through personalized option selections.
Standard features including appliances, countertops, cabinetry, flooring and fixtures that can be enhanced for an extra charge.
The outside architectural style and materials of your home, including such details as: shutters, brick, stone, window shape, and size. Each elevation is different in terms of measuring for window treatments for interior windows.