California Mortgage Rates

July 30, 2016 06:34 PM Eastern

Refinance rates now in LOS ANGELES, CA [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

30 Year Fixed

Interest Rate
3.125%
APR
3.232%
Monthly Payment
$857
HomePlus Mortgage
30 Year Fixed
Interest Rate
3.125%
APR
3.232%
Monthly Payment
$857
(844) 329-3212 Contact
HomePlus Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $857
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $857
Lender Fees $2,695
Lender Credit $0
Total Closing Fees* $2,695
*Other 3rd party fees may apply
HomePlus Mortgage
Email Lender

About the Lender

Mission Statement: To provide our customers with the highest level of customer service and the most competitive mortgage rate and terms. About Us: Our goal is to provide you with the most competitive and convenient mortgage loan. With our large selection of programs, we can often qualify you for a loan even if you have been turned down elsewhere. Our customers interact directly with one highly experienced Loan Officer through the entire process, providing you with the ultimate personalized customer service. We return phone calls and answer questions within hours – even on nights and weekends. Call HomePlus Mortgage today, your experts for purchase, refinance and debt consolidation loans. We are eagerly waiting to hear from you.
HomePlus Mortgage
Email Lender Write a Review

Lender Reviews

Go with John!

Yes, I recommend this lender

This is my second no cost refinance with John Vitale. He is excellent at explaining and answering all questions you may have during the loan process. He is always available, and if he is busy, he responds quickly to any concerns you may have. If you are looking to get financing for a home loan, John is excellent to deal with, and I would definitely recommend him.

By: Scott (Simi Valley, CA)

Thanks again, Chris!

Yes, I recommend this lender

Chris Ross was a tremendous help with my first home buying experience. He was always available to answer questions, of which there were many, and helped me get through a hectic time. Thanks again!

By: david (Rancho Cucamonga, CA)

Chris Ross

Yes, I recommend this lender

Chris Ross has helped me twice with refinancing in the last 5 years. He is very professional and knowledgable. He is always quick to respond with questions and always updating the process of the loan. It's been smooth sailing working with him. I would recommend him to friends and family.

By: Rebecca (Santa Clarita, CA)
See All Reviews
Sebonic Financial
30 Year Fixed
Interest Rate
3.125%
APR
3.269%
Monthly Payment
$857
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $857
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $857
Lender Fees $3,597
Lender Credit $0
Total Closing Fees* $3,597
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

I recommend Renato Paz

Yes, I recommend this lender

He explained the proses, and he speaks spanish, he's good and very helpful, I already recommend to my family

By: albertina (Leesburg, VA)
See All Reviews

15 Year Fixed

Interest Rate
2.375%
APR
2.567%
Monthly Payment
$1,322
HomePlus Mortgage
15 Year Fixed
Interest Rate
2.375%
APR
2.567%
Monthly Payment
$1,322
(844) 329-3212 Contact
HomePlus Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,322
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,322
Lender Fees $2,695
Lender Credit $0
Total Closing Fees* $2,695
*Other 3rd party fees may apply
HomePlus Mortgage
Email Lender

About the Lender

Mission Statement: To provide our customers with the highest level of customer service and the most competitive mortgage rate and terms. About Us: Our goal is to provide you with the most competitive and convenient mortgage loan. With our large selection of programs, we can often qualify you for a loan even if you have been turned down elsewhere. Our customers interact directly with one highly experienced Loan Officer through the entire process, providing you with the ultimate personalized customer service. We return phone calls and answer questions within hours – even on nights and weekends. Call HomePlus Mortgage today, your experts for purchase, refinance and debt consolidation loans. We are eagerly waiting to hear from you.
HomePlus Mortgage
Email Lender Write a Review

Lender Reviews

Go with John!

Yes, I recommend this lender

This is my second no cost refinance with John Vitale. He is excellent at explaining and answering all questions you may have during the loan process. He is always available, and if he is busy, he responds quickly to any concerns you may have. If you are looking to get financing for a home loan, John is excellent to deal with, and I would definitely recommend him.

By: Scott (Simi Valley, CA)

Thanks again, Chris!

Yes, I recommend this lender

Chris Ross was a tremendous help with my first home buying experience. He was always available to answer questions, of which there were many, and helped me get through a hectic time. Thanks again!

By: david (Rancho Cucamonga, CA)

Chris Ross

Yes, I recommend this lender

Chris Ross has helped me twice with refinancing in the last 5 years. He is very professional and knowledgable. He is always quick to respond with questions and always updating the process of the loan. It's been smooth sailing working with him. I would recommend him to friends and family.

By: Rebecca (Santa Clarita, CA)
See All Reviews
Sebonic Financial
15 Year Fixed
Interest Rate
2.500%
APR
2.704%
Monthly Payment
$1,334
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,334
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,334
Lender Fees $2,851
Lender Credit $0
Total Closing Fees* $2,851
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

I recommend Renato Paz

Yes, I recommend this lender

He explained the proses, and he speaks spanish, he's good and very helpful, I already recommend to my family

By: albertina (Leesburg, VA)
See All Reviews

5/1 ARM

Interest Rate
2.375%
APR
3.324%
Monthly Payment
$778
HomePlus Mortgage
5/1 ARM
Interest Rate
2.375%
APR
3.324%
Monthly Payment
$778
(844) 329-3212 Contact
HomePlus Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $778
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $778
Lender Fees $3,445
Lender Credit $0
Total Closing Fees* $3,445
*Other 3rd party fees may apply
HomePlus Mortgage
Email Lender

About the Lender

Mission Statement: To provide our customers with the highest level of customer service and the most competitive mortgage rate and terms. About Us: Our goal is to provide you with the most competitive and convenient mortgage loan. With our large selection of programs, we can often qualify you for a loan even if you have been turned down elsewhere. Our customers interact directly with one highly experienced Loan Officer through the entire process, providing you with the ultimate personalized customer service. We return phone calls and answer questions within hours – even on nights and weekends. Call HomePlus Mortgage today, your experts for purchase, refinance and debt consolidation loans. We are eagerly waiting to hear from you.
HomePlus Mortgage
Email Lender Write a Review

Lender Reviews

Go with John!

Yes, I recommend this lender

This is my second no cost refinance with John Vitale. He is excellent at explaining and answering all questions you may have during the loan process. He is always available, and if he is busy, he responds quickly to any concerns you may have. If you are looking to get financing for a home loan, John is excellent to deal with, and I would definitely recommend him.

By: Scott (Simi Valley, CA)

Thanks again, Chris!

Yes, I recommend this lender

Chris Ross was a tremendous help with my first home buying experience. He was always available to answer questions, of which there were many, and helped me get through a hectic time. Thanks again!

By: david (Rancho Cucamonga, CA)

Chris Ross

Yes, I recommend this lender

Chris Ross has helped me twice with refinancing in the last 5 years. He is very professional and knowledgable. He is always quick to respond with questions and always updating the process of the loan. It's been smooth sailing working with him. I would recommend him to friends and family.

By: Rebecca (Santa Clarita, CA)
See All Reviews
Sebonic Financial
5/1 ARM
Interest Rate
2.500%
APR
3.398%
Monthly Payment
$791
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $791
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $791
Lender Fees $4,205
Lender Credit $0
Total Closing Fees* $4,205
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

I recommend Renato Paz

Yes, I recommend this lender

He explained the proses, and he speaks spanish, he's good and very helpful, I already recommend to my family

By: albertina (Leesburg, VA)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

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California Mortgage Rates and Loan Options

California is the most populous state in the country, and it is also one of the largest in terms of land mass. Its entire western coast is bordered by the beautiful Pacific Ocean, providing a temperate climate year round for much of the southern part of the state.

Several areas in California have achieved global notoriety, including San Francisco, the financial hub of the West Coast; Napa Valley, home to one of the largest wine regions in the world; and of course Los Angeles and Hollywood, the entertainment capital of the world.

Up and down the coast, residents of California enjoy nature's diversity, from arid desert landscapes to exclusive ocean enclaves, and lush farming regions to sprawling metropolises. Regardless of the area in which you choose to live, you'll find almost limitless possibilities for home choices, loans, and mortgage rates programs in California.

Special California Mortgage Rates, Loans and Down Payment Assistance

The California Housing Finance Authority makes available special programs for first time home buyers and those who have not had ownership interest in a home over the last 3 years.  Eligible applicants have to meet a threshold income level, a maximum loan amount, and a home sale price limit.  In some cases, the programs allow the borrower to:

  • purchase a single family home, including a condo, PUD or manufactured home
  • receive down payment assistance up to five percent of the purchase price of the home as a second mortgage
  • obtain more than a 100 percent combined loan-to-value ratio

The California Department of Housing and Community Development offers more than 200 additional programs to homeowners and buyers including government subsidies, interest free loans, competitive current California mortgage rates, and grants.

Jumbo Loans and CA Mortgage Interest Rates

The FHA insures loans up to $417,000 through its lending partners. These are called conventional conforming loans. Many areas in California are high cost areas and have home values significantly above that threshold limit.  Buyers of these homes have to use financing options other than the FHA.  These loans are called jumbo loans, and are not typically insured through the FHA or other government-backed institutions.  Despite this fact, and because of their popularity, jumbo loans in California are still made available through hundreds of traditional banks and lending institutions. CA mortgage interest rates for jumbo loans vary greatly, so borrowers should shop around.

Due to higher loan values and higher loan payments, qualifying for these loans can be difficult.  Borrowers seeking a jumbo loan should contact their lender and request documentation sheets listing income and credit score requirements. To estimate your future jumbo loan payments, you can use one of many lendingtree.com mortgage calculator tools.