Mortgages

Orange County Mortgages

Mortgages are a very important aspect of owning Orange County real estate. Selecting the right mortgage for your real estate needs is extremely important and we can tailor a mortgage specific to your current and future real estate financing needs of buying a home or mortgage refinancing your current home mortgages.

Mortgages for buying a home

Mortgages for buying a home in Orange County are available to assist all types of home buyers. Review descriptions of some of the most common Orange County mortgages we can assist you with: Jumbo Mortgages, Conventional Mortgages, FHA Loans, VA Loans, Adjustable Rate Mortgages, First Time Home Buyer Loans, Bad Credit (sub-prime), CalPERS loans and other mortgage programs.

Jumbo Mortgages

A jumbo mortgage is any mortgage loan amount over $322,7000, which is often the case with Orange County real estate. Also jumbo loans maybe any type of niche loan that does not meet Fannie Mae / Freddie Mac mortgage guidelines regardless of mortgage loan amount. Below is just a small sample of available Orange County jumbo mortgages :

Jumbo Fixed Rate Mortgages - we have these in a 30, 25, 20, 15 and 10 year term.
Jumbo Adjustable Rate Mortgages - these adjustable rate mortgages are available based on the following indexes: T-Bill, 11th. Dist COFI and LIBOR. Jumbo adjustable rate mortgages are available with the following terms: 1,3,6,12 month ARM loans and the intermediate adjustable rate mortgages; 2/28, 3/27, 5/25, 7/23, 10/1 fixed/adjustable.
Jumbo Interest Only - Serveral jumbo mortgages are available with the interest only option keeping your monthly payments to a minimum.
Jumbo Construction Loans - we have jumbo construction loans that will finance your total construction costs up to 70% of a $2,142,000 project (max. loan is $1,500,000).
Jumbo Sub prime Loans "bad credit mortgages" - we have programs that will allow you to buy a home immediately after a bankruptcy, with FICO scores below 580 and some with no money down up to $600,000.
State Income Loans / No Income Verification / No Doc Loans - we have all types of mortgages for self-employed or those who have difficulty verifying income or assets.

Learn which type of Orange County mortgages will best suit your needs with our personalized mortgage consultations. Please feel free to call us at: (800) 931-7377 or complete our secure online mortgage pre-qualification form or schedule an appointment via email.

Conventional Mortgages

Conventional mortgages are mortgage loans with amounts less than $322,700. These mortgages are available with as little as 3% - 5% down payment. These mortgages are underwriting using Fannie Mae or Freddie Mac guidelines for sale on the secondary market. These are the most common types of mortgages available and advertised and often offer the lowest mortgage rates. Below are some conventional mortgage programs:

Fixed Rate Mortgages - we have these in a 30, 25, 20, 15 and 10 year term.
First Time Home Buyer Loans - these conventional first time home buyer loans allow you to buy a home with 3% - 5%. Some special areas may qualify for 100% loans. Contact us for more first time home buyer loan programs.
Adjustable Rate Mortgages - these conventional adjustable rate mortgages are available based on the following indexes: T-Bill and LIBOR. Jumbo adjustable rate mortgages are available with the following terms: 1,3,6,12 month ARM loans and the intermediate adjustable rate mortgages; 2/28, 3/27, 5/25, 7/23, 10/1 fixed/adjustable.
Construction Loans - we have conventional construction loans that will finance your total construction costs up to 95% of the future value of a $722,000 project (max. loan is $650,000).

FHA Loans / VA Loans

FHA loans and VA loans are mortgage loans underwritten and insured by government entities. FHA loans are insured by HUD and VA loans are insured by the Department of Veterans Affairs. Here are some of the basic details of these mortgages:

FHA Loans - FHA mortgages allow you to buy a home with as little as 3% down payment and there is no minimum FICO score requirement. You may use the FHA mortgage loan to buy a 2,3 or 4 unit home. The current maximum FHA loan limit is: $280,749.
VA Loans - VA loans allows eligible veterans to buy a home with no money down (100% loan) up to $240,000 or there is a VA jumbo loan available up to $300,000 with a small down payment.

CalPERS Loans

CalPERS loans are available for approximately 49,500 Orange County members of the CalPERS, LRS or JRS. CalPERS loans offer a 60 day rate lock and two float down options at competitive mortgage rates. Here is our website dedicated to the CalPERS home loan program with current mortgage rates.

Other Mortgages

There are hundreds of additional mortgages available such as STRS, Home Buying Grants, 80 / 20 mortgages, hard money loans, Cal Vet, CHFA "chafa" etc.

We suggest that learn which type of Orange County mortgages will best suit your needs with our personalized mortgage consultations. Please feel free to call us at: (800) 931-7377 or complete our secure online mortgage pre-qualification form or schedule an appointment via email.

► Get Pre-Qualified for an Orange County mortgage for Buying a Home

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