Best Home Loans in California
You can own your own home !
We have lots of home loans, some with as little as a 3% down payment! Let me tell you how you can qualify to purchase your home!
Some loan options for you!
You can apply for the Best Home Loans in California as an Owner-occupant, and finance up to 4 units as long as you live in one for the 4 units. Additionally, you can also refinance as an owner-occupant in 1-4 unit property.
In this category there are a number of options for you. Among them are: FHA VA Fannie Mae, conforming, high balance conforming, and Jumbo loan options
Best California VA Home Loans!
Firstly, you can purchase or refinance with a VA loan and it is available to active service and retired veterans and their surviving spouses. The best loan option goes to the men and women who have served out county. Secondly, these loans are one the the rewards our county provides to each and every service members. The Department of Veterans Affairs is the most attractive option as it requires no down payment up to $1.5 million dollars with no mortgage insurance. You can purchase up to 4 Units as long as you live in one of the units. Just think you can have 3 renters help you make your payments. Sounds nice don’t you think? Another feature of a California VA loan it there is no monthly mortgage insurance payment, required on all other loans unless you put 20% down.
Other California Home Loan options
FHA VA Fannie Mae, conforming, high balance conforming, and Jumbo loan options
Home loan options are available to every California residents are available as a California resident with varying degrees of income and credit are available. The options depend on your income and credit score.
Qualifying Income
Just what this means depends on how much of your income is reported to the IRS in the form on your adjusted gross income as reported for the past 2 years. Your past 2 month income as verified by your last two months paycheck stubs, which will need to be verified to qualify for what is called a “Fully Documented Home Loan.”
What is Mortgage Insurance
If your down payment is less than 20% of the sales price, mortgage insurance is required. It is sometimes financed into the loan amount and monthly payments are also required. Furthermore, all you need to do is call me and I can analysis your purchase, down payment, income and credit to let you know what you need to do moving forward.
Jumbo Home Loans
Finally, any loan amount not included in a High Balance loan becomes Jumbo financing. You have a number of options for a Jumbo loan. Your credit score is very important in your approval and rate, so having and keeping an excellent credit score are imperative in any home loan. In the jumbo loan field, a number of options are involved. Secondly, income and how it can be verified. Qualifying income varies and there are options other than the tax returns, such as bank statements, letters from your CPA or tax professional for self-employed borrowers if you have a good credit score, and if you have been in business for 2 years or more.
We are partnered with over 100 direct lenders, multiple pools of private investors, 2 thrifts that fund on Wall Street, a hedge fund with billions to lend, and 21 Life Companies
Please do not hesitate to call if I may be of service in any way!
Pre-Approval Letter on request!
Janice
858-442-1854
Licensed CA Real Estate Broker since 2000
