FHA home loans are popular among Bay Area first-time homebuyers due to low down payment and credit requirements. A conventional(fixed-rate mortgage) is a popular type of home financing in Bay Area because it offers predictability for your budget. Jumbo home loans are most appropriate for a segment of high-income earners who make between $250,000-$500,000 a year.
All mortgage rates displayed are provided by Zillow based on borrowers with credit scores between 680-740 and represent averages and trends. Please consult with Bay Area Loan Source to receive a personalized rate for your specific situation. Conventional mortgages are ideal for buyers with good credit and money to put down. They typically require a higher down payment, usually 5%-20% and also have higher income and credit score requirements than government loans.
Typical fixed-rate loans have a term of 30 or 15 years. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. FHA loans are designed to benefit first-time homebuyers and buyers with less than perfect credit and not a lot of money to put down.
All mortgage rates displayed are provided by Zillow based on borrowers with credit scores between 680-740 and represent averages and trends. Please consult with Bay Area Loan Source to receive a personalized rate for your specific situation. Conventional mortgages are ideal for buyers with good credit and money to put down. They typically require a higher down payment, usually 5%-20% and also have higher income and credit score requirements than government loans.
Typical fixed-rate loans have a term of 30 or 15 years. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. FHA loans are designed to benefit first-time homebuyers and buyers with less than perfect credit and not a lot of money to put down.
Services
We are the Bay Area Loan Source, your local Bay Area mortgage professionals.
As a licensed mortgage originator, our reputation is built on professionalism, integrity and the ability to keep transactions on track.
We are dedicated to helping our clients obtain a mortgage that fits their specific financial goals.
We are passionate about helping our clients, and focus on bringing you peace of mind throughout the home financing process.
We are always here to answer your questions! Ultimately a successful loan closing is our main goal.
As a licensed mortgage originator, our reputation is built on professionalism, integrity and the ability to keep transactions on track.
We are dedicated to helping our clients obtain a mortgage that fits their specific financial goals.
We are passionate about helping our clients, and focus on bringing you peace of mind throughout the home financing process.
We are always here to answer your questions! Ultimately a successful loan closing is our main goal.
FHA home loans are insured by the Federal Housing Administration (FHA), and can only be provided by lenders approved by the FHA.
This type of mortgage has a fixed term length of either 15 or 30 years.
It's a popular choice among first-time homebuyers in Bay Area, as well as buyers with limited savings or lower credit scores.
When purchasing a home, you might be responsible for certain out-of-pocket expenses like loan origination fees, appraisal costs, and attorney fees.
One of the advantages of an FHA home loan is that the seller, home builder, or lender can cover some of these closing costs on your behalf.
This type of mortgage has a fixed term length of either 15 or 30 years.
It's a popular choice among first-time homebuyers in Bay Area, as well as buyers with limited savings or lower credit scores.
When purchasing a home, you might be responsible for certain out-of-pocket expenses like loan origination fees, appraisal costs, and attorney fees.
One of the advantages of an FHA home loan is that the seller, home builder, or lender can cover some of these closing costs on your behalf.
A fixed-rate mortgage has an interest rate that remains the same for the life of the loan.
In other words, your total monthly payment of principal and interest will remain the same over time.
A fixed-rate mortgage is the most popular type of financing because it offers predictability and stability for your budget.
Fixed-rate loans can either be conventional loans or loans guaranteed by the Federal Housing Authority (FHA) or the Department of Veterans Affairs (VA).
Fixed-rate mortgages are characterized by amount of loan, interest rate, compounding frequency, and duration.
In other words, your total monthly payment of principal and interest will remain the same over time.
A fixed-rate mortgage is the most popular type of financing because it offers predictability and stability for your budget.
Fixed-rate loans can either be conventional loans or loans guaranteed by the Federal Housing Authority (FHA) or the Department of Veterans Affairs (VA).
Fixed-rate mortgages are characterized by amount of loan, interest rate, compounding frequency, and duration.
A jumbo home loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA) - currently $510,400 for a single-family home in all states (except Hawaii and Alaska and a few federally designated high-cost markets, where the limit is $765,600).
Although they are nonconforming mortgages, jumbo loans still must fall within the guidelines of what the Consumer Financial Protection Bureau considers a "qualified mortgage".
These mortgages are considered most appropriate for a segment of high-income earners who make between $250,000 and $500,000 a year.
Although they are nonconforming mortgages, jumbo loans still must fall within the guidelines of what the Consumer Financial Protection Bureau considers a "qualified mortgage".
These mortgages are considered most appropriate for a segment of high-income earners who make between $250,000 and $500,000 a year.
When you refinance, you replace your current home loan with a new one.
Mortgage refinancing requires you to qualify for the loan, just as you had to meet the lender's requirements for the original mortgage.
You file an application, go through the underwriting process and go to closing, as you did when you initially purchased the home.
First, take care of any issues with your credit so that your credit score is as high as possible and you qualify for the lowest interest rates.
Have a rough idea of the rates and other terms you desire in your new loan.
Mortgage refinancing requires you to qualify for the loan, just as you had to meet the lender's requirements for the original mortgage.
You file an application, go through the underwriting process and go to closing, as you did when you initially purchased the home.
First, take care of any issues with your credit so that your credit score is as high as possible and you qualify for the lowest interest rates.
Have a rough idea of the rates and other terms you desire in your new loan.
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