Los Angeles Loans from the California Mortgage Loan Company

California Mortgage Loan Company specializes in jumbo home loans for Los Angeles residents seeking financing ranging from home equity refinancing to hard money debt consolidation. Ask your loan officer about unique loan programs for borrowers residing in Southern California. Mortgage Refinance Cash Back Refinancing Rate and Term Refinance Pay Option ARM Conforming or Jumbo Loans Jumbo Home Loans FHA Lending CAL Vet 2nd Mortgage Loans Cash out home equity loans Home improvement lending Fixed rate loans Credit Lines

Home sales in LA County were down about 33 %. Many fewer homes in the lower-prices areas are selling. That means median prices aren't falling anywhere near as much as the values of some individual homes are . Home sales across a six-county area of Southern California hit a 14-year low for June, a real estate research firm reported. In San Diego County, the median home price fell to $495,500 -- a decline of nearly 2 % from last June. The number of homes sold in San Diego dropped more than 22 % to just over 3,500. Riverside and San Bernardino counties led a pronounced decline in sales of entry-level homes.

In all, more than 20,000 houses and condominiums were sold last month in Los Angeles, Riverside, San Bernardino, San Diego, Orange and Ventura counties. The total represents a 36.2 % drop from June 2006 and an increase of 1.5 % from sales in May, Data Quick Information Systems reported. Last month's sales fell to the lowest level for June since 1993.