California Loan Options
California Fixed Rate Mortgage Options: Your Stability, Your Home
At Pacific Home Loans, we take pride in offering a range of fixed-rate mortgage options tailored to meet the diverse needs of residents in California. Whether you’re looking for stability through a conventional loan, government-backed support, or alternative document programs, we have you covered throughout the state.
Conventional Fixed Rate
– Fannie Mae, Freddie Mac, Portfolio
Experience the stability of a fixed-rate mortgage through trusted entities like Fannie Mae and Freddie Mac or explore flexible options with out Portfolio program.
Government Fixed Rate
– FHA, VA
Benefit from the support of government-backed loans with fixed rates, providing accessible and stable financing options for your homeownership journey.
Alternative Document
– Self-employed Bank Statement Loan, Investor Cash-Flow Loan
We understand the unique financial situations of our clients. Our alternative document programs cater to self-employed individuals with bank statement loans and investors seeking cash-flow solutions.
Our commitment is to offer a variety of fixed-rate mortgage solutions that align with your unique circumstances and financial goals. Whether you’re pursuing a conventional path or exploring alternative documentation, Pacific Home Loans is here to guide you through the process of securing a fixed-rate mortgage in California.
Some Benefits of a Fixed Rate Mortgage:
Choosing the right mortgage for your home or condo in California is a crucial decision. Pacific Home Loans offers a range of fixed-rate mortgage options, providing security and flexibility to suit your financial strategy.
Key Benefits of a Fixed Rate Mortgage:
Security:
Opting for a 15-year or 30-year fixed rate mortgage offers payment security. Your monthly payments remain constant, providing assurance that they will never increase. Any adjustments typically occur only if changes are made to your homeowners’ insurance and property taxes, provided these items are paid with your mortgage each month.
Custom Loan Terms:
Pacific Home Loans empowers borrowers with custom loan terms, offering fixed-rate mortgages ranging from 1 to 30 years. This flexibility allows you to choose a loan term that aligns with your payoff strategy. For example, if you plan to retire in 19 years, a 19-year fixed-rate mortgage could be a suitable option.
The Fixed Rate Alternative
While fixed-rate mortgages offer stability, it’s crucial to consider individual circumstances. For investors planning to sell a home in a specific timeframe, an Adjustable Rate Mortgage (ARM) with a lower initial interest rate might be a strategic choice. Exploring different options can help determine the most cost-effective solution.
Possible disadvantage:
One consideration for the 30-year fixed-rate loan is the inability to take advantage of reduced interest rates without refinancing, which can be costly. Additionally, 30-year fixed mortgages may have slightly higher interest rates compared to shorter-term loans or adjustable-rate options.
Pacific Home Loans encourages borrowers to carefully assess their financial goals and explore the range of mortgage options available. Our experienced loan officers are here to provide personalized guidance and help you make informed decisions on your home financing journey.
Information and self-help tools are provided for your independent use and are not intended to provide investment advice. We cannot and do not guarantee loan eligibility or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to speak with one of our experienced loan officers for a loan eligibility analysis and custom rate and payment estimate.
