California Loans to buy your dream home
Whether you're a first time buyer, buying a larger home, a vacation home, or a rental property we have you covered.
If you want to buy a house in Orange County, San Diego, L.A., the Inland Empire or another California county we'll help you find out the maximum loan amount you're approved for before shopping.
We have special programs for Heroes, Teachers, Foreign Buyers, as well as help with California's down payment assistance programs.
California Mortgage Down Payment Requirements
Below is a quick rundown for type of loan program and the minimum required.
- FHA: The minimum is from 3.5% to 10-percent down up to a certain limit
- VA: The minimum is zero down up to a specific limit
- Conventional: The minimum is 5% down
- Jumbo: The minimum is 10 percent down
- Low Doc: The minimum is 10 percent down
- No Doc: The minimum is 25 percent down
Ultimately, your minimum down payment may be higher because it will depend on your credit score, loan amount, type of property and type of loan product.
We have many creative ways to help you qualify especially for people with non-raditional income sources or have large amount of assets in the bank.
Orange County First Time Buyers
We provide loans with low down payment of 3.5 to 5%, if desired, to purchase properties over $1 million in North and South Orange County. FHA loans are a speciality of ours.
If you want to secure financing to buy your California dream home and be close to family, friends, the beach, Disneyland, and all the attractions the southland offers inquire with us for a stress free loan.
Some of the cities we serve
California Homebuyer FAQ's
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What are the benefits of buying a home in California?
There are many. The first is you are no longer renting and not helping pay the landlord's mortgage or bills. The second is you are now in a position to build long-term wealth through owning real estate. The third is having pride of ownership and the ability to improve whatever you want in your home.
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Are there down payment assistance programs in California?
Yes. The state offers numerous prorams ranging from zero percent interest, 3 to 20 percet down, and some DPA grants are even offer foregiveable loans.
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Do you offer a no closing cost mortgage in California?
Yes. Please tell your loan originator you want information about these type of loans and he or she will provide you with some options. For no closing costs, borrowers will need to be flexible in accepting a higher interest rate to help cover the closing costs.