Loan Programs - California Mortgage Loans

California Mortgage Rates

California Mortgage Loan Company specializes in an array of loan programs designed specifically for California homeowners seeking the best home financing options. Our lenders are featuring jumbo fixed rate refinancing, interest only loans and negative amortization payment option loans. We 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 Negative Amortization
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.

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)
Fixed Rate 2nd Liens (Loan to Value parameters vary based on credit scores)
Less than Perfect Credit 2nd Mortgage programs are available
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 and lower payments.
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.
Fixed Rate Home Equity Loan & Borrow up to 100 % LTV.
Variable Rate Home Equity Line of Credit with interest charge only after drawings.
Borrow up to 100% of your home's equity with revolving credit lines.

Mortgage Rates | Home Loans | Mortgage Refinance Loans | Refinance Mortgage Loans