CA Home Loan Programs | Valor Lending Group
Valor Lending Group has the CA Home Loan Programs that you’ve been searching for!
Are you looking to purchase or refinance a home in California?
Are looking to access equity in your existing property?
Would you like to discuss your options in today’s market?
It is no secret that California is one of the most popular places to live in the country. The state of California offers you beautiful beaches, mountains, deserts and forests; with the most breathtaking views all the way down the coast. Valor Lending Group has access to the best California Home Loan options, and is STILL FUNDING Full Doc Conforming, High Balance, Jumbo, and Government Loans.
Contact us if you have any questions about CA Home Loan Programs.
Choosing The Right Home Loan For You
When choosing the best home loan option for your situation, the primary question is how best to demonstrate your ability to repay the loan. On owner-occupied, 1-4 unit residential properties, ability to repay is based on a borrower’s income.
The income of a salary and hourly employee is determined by reviewing tax returns, W-2s and 30 day pay stubs. Self-employed income can be verified using bank statements and profit & loss statements.
Current liquid assets to make payments over 60-72 months determines a high net worth individuals ability to repay.
To learn more about qualifying for non-owner occupied properties, check out no tax return investment property loans, hard money loans, and commercial property loans.
A) FHA Loans | Home Loans
FHA loans are government-backed through the Federal Housing Administration (FHA). They also allow for the smallest down payment of all loans, 3-3.5% or even no down payment when utilizing a down payment assistance program. The county loan limits will determine how much you can borrow. You can find your county loan limits depending on where in California the property is located here. (also required is mortgage insurance, which is around 1% of the loan amount.) FHA loans are an incredible option for borrowers with a lower credit score and low down payment.
FHA Construction Loans
The FHA construction loan is a product that allows qualifying borrowers to use financing funds to purchase a lot, do all of the lot improvements and construct the house. The best part of this loan is once the construction is completed, the loan rolls right into a 30 year fixed loan without having to qualify again. It is one loan that encompasses all phases into one loan!
B) Conforming | High Balance Loans
We are still funding California home loans, because we constantly scour for the best rates and terms in the industry.
Conforming | High Balance Highlights:
- Interest Rates currently starting in the low 3’s w/NO ORIGINATION POINTS
- Fast Turn Times for Approvals and Appraisals
- Primary Residence, Second Home, Investment Properties
*California SFR Primary Residence Purchase, $500k Loan, 720 FICO, 3.25% APR
C) Jumbo California Loans
We have numerous Jumbo Loan Lender in out portfolio with programs for all types of luxury property financing. Check out some of our best pricing below, we are currently funding up to 95% Max LTV:
Jumbo Loan Programs | Highlights:
- 90% Max LTV | As Low as 10% Down!
- 40-year fixed term with IO
- Max Loan Up to $20MM!! (Most lenders cap at $2M-$3M)
- Flexible Guidelines
- 15, 20, 25 & 30 Year Fixed Interest Rates
- Non-occupant co-borrower + Gift Funds
- Interest-Only with 680 + Fico
- 90% LTV cash out (Up to $1.5M)
- 2-year seasoning – short sales + bankruptcy
- 3-years seasoning – foreclosure
- As low as 600 Fico
- DTI Allowed up to 50%
- Valor boasts the very best communication, service, rates and performance in the industry
- Valor ensures the very best pricing by shopping with many direct lenders so you don’t have to!!
GIVE ME A CALL to get you a pre-approval for the program that fits your needs.
Whether you are buying your first home or deciding on where to retire we will help you find the right mortgage for the right home.
D) VA California Home Loans
It’s still a GREAT time to purchase or refinance with Valor VA Loans.
Finding the best VA Loans have never been easier. Valor has government-guaranteed VA Loans available to Veterans, active duty military, reservists and surviving spouses. VA Loans offer financing up to 100% of a property’s value, and feature both fixed and adjustable rate loans. And there is NO down payment up to $1,500,000.00!
Valor VA Loan Highlights:
- 100% financing
- Sellers can pay closing costs, up to 2 discount points
- Buyers can add up to $6,000 to their VA loan to have energy efficient improvements installed
- No monthly mortgage insurance
- Less restrictive qualifying terms
- Buyers still eligible even after a short sale
- Jumbo loans available up to $1.5 million
- Buyers can have multiple VA loans under certain circumstances.
- *Valor will reimburse your appraisal fee for loans above $300,000.
- **We give 5% of proceeds to a local Veteran charity on every VALOR VA Loan
**Valor Lending Group is committed to serving our Service Members.**
We also offer:
- Bank Statement Loans
- Hard Money Loans
- FHA Loans
CALL OR EMAIL ME for immediate attention to your scenario!
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo Loans up to $1.5mm
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We also offer:
- Conventional Conforming Loans
- High Balance Conforming
- Jumbo Loan Financing to $10 Million / 10% down Jumbo to $3mm
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
**Rates and terms subject to change without notice
We are never too busy for your referrals.
For the most up to date mortgage news visit: Mortgage News Daily
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