Current California Mortgage Rates
Quick Mortgage Definitions / Terms / Facts
Is my personal information safe?
Absolutely. Your privacy and security is of the utmost importance to us. After logging into this system, your information
is encrypted so your personal information cannot be accessed or viewed by anyone without the proper privileges. We
maintain the highest level of security and data encryption available throughout your loan process.
How are rates determined?
Rates are determined by the bond market and other financial indicators. These rates can change daily or more
frequently. The changes are based on many different economic indicators in the financial markets. To obtain
current interest rates, view "Today’s Rate" on the front page or enter your desired
loan amount into "Custom Rate Search" on the left hand column of the front page.
What are credit scores?
Your credit score is an indication of your payment habits. There can be mistakes on your credit report. You should make
an effort to correct these mistakes. You can review your credit record by ordering a copy of your credit report.
What is a FHA Loan?
The Federal Housing Administration FHAloans are offered by the the Federal Government and can be acquired with as little as 3.5% down payment. FHA mortgage loans also provide low closing costs or wrap your closing costs and fees into the loan.
Steps to Getting a California Mortgage?
Get a Free Credit Report!
The first step to getting a California mortgage is to know your credit score.
Understanding your credit report is a critical part to getting your mortgage.
Raise your score while you shop for your California home to get the lowest rate at closing, with a few easy steps you can easily raise your score in within a few months.
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FHA Loans
Nearly anybody can get an FHA loan. There are no revenue limits, nonetheless there are limits on how much you can borrow. VA Mortgage Loans have limits also, but they are available as much as $729,000 in most areas.
Lending Tree Mortgage Calculator
Compare California local and national bank lenders.
California Mortgage Lenders are among some of the most stable and succesful in the country. Now is the time to get a new or refinanced mortgage while CA interest rates are low!
Mortgage Qualification Guidlines
1. You should have had no late payments with your previous credits for at least one year (12 months). But if you have had a great credit record for several years and you had some little occasions of late payment, your application might still be considered. Usually, lenders watch out for late payments that are 30 days behind or more.
2. Lenders will check your rental payment history. You should have regular, on time payments for your rental residence for at least, the last 2 years to prove that you pay on time.
3. If the government has established your student loan to be in default, it is possible that you are not found to be a qualified applicant for a mortgage loan. However, there are cases the disqualification may be waived provided that you have entered into your repayment negotiations to schedule for the student loan and you have made punctual payments again for the previous year.
