California Loan Programs

California Mortgage Loans.net specializes in an array of loan programs designed specifically for California homeowners seeking the best home financing options. Shop her for local lenders that feature jumbo fixed rate refinancing, interest only loans with non-conforming loan amounts. Our participating lenders also provide aggressive 2nd mortgage products, FHA home lending, reverse mortgages and home equity credit loans.

Mortgage Refinance

  • Cash Out Refinancing for Home Improvements or Debt Consolidation, etc.
  • Rate and Term Payment Modifications
  • Conforming, Jumbo and Hard Money Options
  • Fixed Rate or Hybrid ARMs
  • Interest Only Low Rate Teasers

Jumbo Mortgage Loans » California is home to more jumbo financing than any other state. Jumbo loans are required when loan amounts exceed $417,000 and do not conform to the guidelines established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit is called a Jumbo loan. These loan amounts can go up to 7 million dollars.

Conventional Loans » common types of first mortgages for consumers with good credit and an adequate debt to income ratio.

FHA Streamline Refinance » These are home loans insured by the FHA. They allow low credit scores and are easier to qualify for than conventional loans and may require less of a down payment. FHA Loans are great for first time home buyers.

VA Streamline Loans » VA loans are to assist eligible people on active military duty or retired status to buy primary residences. Usually No appraisal Required.

For Current Rates: Visit HSH.com or Mortgage Rates Plus

For Info on Subprime Loans, Visit: NationwideMortgages.net for Home Loans for Bad Credit

  • Borrow up to 95% with fair credit scores
  • Refinancing to 100% with good credit scores

California Reverse Mortgages

Reverse home mortgages can offer loan amounts as high as $10 million, depending on available equity in the home, the borrowers' ages and current interest rates. The Home Equity Conversion Mortgage Program has been in California and Florida so far. Like other reverse mortgages, California Mortgage Loans’ program is available to homeowners 62 or older, and permits them to receive lump-sum cash payments, monthly checks and credit lines. No monthly payments to the bank are necessary during the lifetimes of the borrowers, as long as they remain in their houses. At the borrowers death or sale of the property, the balances paid out, plus interest and fees, become due and payable to the mortgage lender.

2nd Mortgage Loans

  • Take cash out for credit consolidation or home improvements (ie. New Swimming Pool Construction)
  • 2nd Liens (Loan to Value parameters vary based on credit scores)
  • Less than Perfect Credit 2nd Mortgage programs are possible with enough equity and sufficient assets.
  • Hard Money 2nd Loans are available to California borrowers who have enough equity.

Debt Consolidation Loans

  • Consolidate debt with a 1st or 2nd mortgage.
  • Improve your cash flow
  • Find out how to improve credit scores when you pay off collections and past due credit cards.

Home Equity Loans & Lines of Credit

  • Cash out for debt consolidation, home improvements, investing, education, etc.
  • Closed-End Home Equity Loan.
  • Variable Rate Home Equity Line of Credit with interest charge only after drawings.
  • Borrow your home's equity with careful consideration

Housing New - Home Prices Index Rise by 10.2% - CoreLogic®, a leading residential home services provider, released their February CoreLogic HPIŽ report. The report revealed that house prices nationally, including distressed sales, increased 10.2% on a year- over-year basis in February 2013 compared to February 2012. This change represents the biggest year-over-year increase since March 2006 and the 12th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.5% in February 2013 compared to January 2013*.

Excluding foreclosure and short-sales, house prices rose on a year-over-year basis by 10.1% in February 2013 compared to February 2012. On a month-over-month basis, excluding distressed sales, home prices increased 1.5% in February 2013 compared to January 2013. Distressed sales include short sales and real estate owned (REO) transactions.

March 2013 home prices are poised to rise 11.4% year over year from March 2012 and by 2.0 % month over month from February 2013. The CoreLogic Pending HPI is a proprietary and exclusive metric that provides the most current indication of trends in home prices. It is based on Multiple Listing Service (MLS) data that measure price changes for the most recent month. "The rebound in prices is heavily driven by western states. According to Dr. Mark Fleming, chief economist for CoreLogic, "8 of the top 10 highest appreciating large markets are in California, with Phoenix and Las Vegas rounding out the list."

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