California Mortgage Rates

August 30, 2015 10:32 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
3.500%
APR
3.633%
Monthly Payment
$899
HomePlus Mortgage
30 Year Fixed
Interest Rate
3.500%
APR
3.633%
Monthly Payment
$899
(844) 249-6262 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 $899
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $899
Lender Fees $3,276
Lender Credit $0
Total Closing Fees* $3,276
*Other 3rd party fees may apply
HomePlus Mortgage
Email Lender

About the Lender

NMLS ID 78669
Mission Statement: At HomePlus Mortgage, our goal is to provide our customers with the highest level of service and the most competitive mortgage loan, using our highly experienced loan officers and our large portfolio of programs. 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, at 800-810-7587. We are eagerly waiting to hear from you.
HomePlus Mortgage
Email Lender Write a Review

Lender Reviews

Superb service

Yes, I recommend this lender

I was looking for a refinancing options to consolidate my first and second mortgages together. HomePlus Mortgage offered the most favorable refinancing option to me. John Vitale was superb in explaining the options, guiding and following up the necessary steps throughout the application process. It was easy and pleasant to work with him. I highly recommend HomePlus Mortgage to anyone who needs help on mortgage loan.

By: Sun (Ladera Ranch, CA)

Great Rates, Efficient, Excellent Communication

Yes, I recommend this lender

Let me start off by saying that I vetted several different companies before I chose HomePlus Mortgage. The company itself offers very competitive rates and some of the lowest closing costs around, but Terry Fry is what pushed me over the edge. From your first conversation, the amount of care and attention to detail Terry has will be apparent. He is knowledgeable regarding rates, and the market in general, and will help you do what is best for you. On top of all that, his communication is second to none. Whether it's a response to an email or a phone call you can count on hearing from him very quickly no matter what time of day. I cannot imagine a R/E transaction going any smoother. Everything was hassle-free and my loan even closed earlier than expected! I will definitely be a repeat customer and I highly recommend Terry Fry and his staff at HomePlus Mortgage.

By: Sean (Lake Forest, CA)

HomePlus Mortgage rocks

Yes, I recommend this lender

HomePlus Mortgage demonstrably acted in a totally professional manner providing accurate and timely information regarding my options to develop the best refinance project I have completed to date. The programs they offered were superior to any of the competitors that I contacted and they stayed on top of handling all facets of the refinance project ensuring that no surprises were encountered. I would recommend HomePlus Mortgage to friends and family any time as the best place to go if they need to refinance their property for that matter any other type of loan. They do it all. . .

By: John (Woodland Hills, CA)
See All Reviews

15 Year Fixed

Interest Rate
2.750%
APR
2.908%
Monthly Payment
$1,358
HomePlus Mortgage
15 Year Fixed
Interest Rate
2.750%
APR
2.908%
Monthly Payment
$1,358
(844) 249-6262 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 $1,358
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,358
Lender Fees $2,200
Lender Credit $0
Total Closing Fees* $2,200
*Other 3rd party fees may apply
HomePlus Mortgage
Email Lender

About the Lender

NMLS ID 78669
Mission Statement: At HomePlus Mortgage, our goal is to provide our customers with the highest level of service and the most competitive mortgage loan, using our highly experienced loan officers and our large portfolio of programs. 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, at 800-810-7587. We are eagerly waiting to hear from you.
HomePlus Mortgage
Email Lender Write a Review

Lender Reviews

Superb service

Yes, I recommend this lender

I was looking for a refinancing options to consolidate my first and second mortgages together. HomePlus Mortgage offered the most favorable refinancing option to me. John Vitale was superb in explaining the options, guiding and following up the necessary steps throughout the application process. It was easy and pleasant to work with him. I highly recommend HomePlus Mortgage to anyone who needs help on mortgage loan.

By: Sun (Ladera Ranch, CA)

Great Rates, Efficient, Excellent Communication

Yes, I recommend this lender

Let me start off by saying that I vetted several different companies before I chose HomePlus Mortgage. The company itself offers very competitive rates and some of the lowest closing costs around, but Terry Fry is what pushed me over the edge. From your first conversation, the amount of care and attention to detail Terry has will be apparent. He is knowledgeable regarding rates, and the market in general, and will help you do what is best for you. On top of all that, his communication is second to none. Whether it's a response to an email or a phone call you can count on hearing from him very quickly no matter what time of day. I cannot imagine a R/E transaction going any smoother. Everything was hassle-free and my loan even closed earlier than expected! I will definitely be a repeat customer and I highly recommend Terry Fry and his staff at HomePlus Mortgage.

By: Sean (Lake Forest, CA)

HomePlus Mortgage rocks

Yes, I recommend this lender

HomePlus Mortgage demonstrably acted in a totally professional manner providing accurate and timely information regarding my options to develop the best refinance project I have completed to date. The programs they offered were superior to any of the competitors that I contacted and they stayed on top of handling all facets of the refinance project ensuring that no surprises were encountered. I would recommend HomePlus Mortgage to friends and family any time as the best place to go if they need to refinance their property for that matter any other type of loan. They do it all. . .

By: John (Woodland Hills, CA)
See All Reviews
Avex Funding Corporation
15 Year Fixed
Interest Rate
2.750%
APR
2.887%
Monthly Payment
$1,357
(844) 904-7375 Contact
Avex Funding Corporation
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 45 Days
Down Payment $50,000
Principal and Interest Payments $1,357
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,357
Lender Fees $1,914
Lender Credit $116
Total Closing Fees* $1,798
*Other 3rd party fees may apply
Avex Funding Corporation
Email Lender

About the Lender

AVEX Funding is a mortgage bank and direct lender with three generations of experience in the mortgage lending industry. We are simplifying the mortgage process for millions of Americans—your entire application will be handled under one roof. We offer loans with zero upfront points and low closing costs, as well as options to buy down your interest rate. So whether you’re looking to minimize your down payment or lower your monthly payments, we can work with you to achieve your dreams or help minimize the financial burden of your mortgage. At Avex, customer service is priority number one. We value your time and recognize that getting a mortgage or refinancing feels overwhelming. Avex aims to meet you at your most convenient point of communication- so start an application today! We need just a few minutes to understand your mortgage and refinancing needs and our home loan experts would be thrilled to assist you right away.
Avex Funding Corporation
Email Lender Write a Review

Lender Reviews

Very good experience

Yes, I recommend this lender

My end to end experience with AVEX Funding was very good. They provided timely response on all questions and very prompt on making sure all the documents are provided. Rate was very competitive compared to other banks. I appreciate the business with them and would be willing to refer them to friends.

By: NJSel (Edison, NJ)
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5/1 ARM

Interest Rate
2.375%
APR
3.018%
Monthly Payment
$778
HomePlus Mortgage
5/1 ARM
Interest Rate
2.375%
APR
3.018%
Monthly Payment
$778
(844) 249-6262 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 $3,200
Lender Credit $0
Total Closing Fees* $3,200
*Other 3rd party fees may apply
HomePlus Mortgage
Email Lender

About the Lender

NMLS ID 78669
Mission Statement: At HomePlus Mortgage, our goal is to provide our customers with the highest level of service and the most competitive mortgage loan, using our highly experienced loan officers and our large portfolio of programs. 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, at 800-810-7587. We are eagerly waiting to hear from you.
HomePlus Mortgage
Email Lender Write a Review

Lender Reviews

Superb service

Yes, I recommend this lender

I was looking for a refinancing options to consolidate my first and second mortgages together. HomePlus Mortgage offered the most favorable refinancing option to me. John Vitale was superb in explaining the options, guiding and following up the necessary steps throughout the application process. It was easy and pleasant to work with him. I highly recommend HomePlus Mortgage to anyone who needs help on mortgage loan.

By: Sun (Ladera Ranch, CA)

Great Rates, Efficient, Excellent Communication

Yes, I recommend this lender

Let me start off by saying that I vetted several different companies before I chose HomePlus Mortgage. The company itself offers very competitive rates and some of the lowest closing costs around, but Terry Fry is what pushed me over the edge. From your first conversation, the amount of care and attention to detail Terry has will be apparent. He is knowledgeable regarding rates, and the market in general, and will help you do what is best for you. On top of all that, his communication is second to none. Whether it's a response to an email or a phone call you can count on hearing from him very quickly no matter what time of day. I cannot imagine a R/E transaction going any smoother. Everything was hassle-free and my loan even closed earlier than expected! I will definitely be a repeat customer and I highly recommend Terry Fry and his staff at HomePlus Mortgage.

By: Sean (Lake Forest, CA)

HomePlus Mortgage rocks

Yes, I recommend this lender

HomePlus Mortgage demonstrably acted in a totally professional manner providing accurate and timely information regarding my options to develop the best refinance project I have completed to date. The programs they offered were superior to any of the competitors that I contacted and they stayed on top of handling all facets of the refinance project ensuring that no surprises were encountered. I would recommend HomePlus Mortgage to friends and family any time as the best place to go if they need to refinance their property for that matter any other type of loan. They do it all. . .

By: John (Woodland Hills, CA)
See All Reviews
Crestline Funding
5/1 ARM
Interest Rate
2.375%
APR
3.001%
Monthly Payment
$777
(844) 326-5226 Contact
Crestline Funding
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 $777
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $777
Lender Fees $4,000
Lender Credit $602
Total Closing Fees* $3,398
*Other 3rd party fees may apply
Crestline Funding
Email Lender

About the Lender

Crestline Funding – A Direct Mortgage Lender Serving California.  We Set Our Own Low Rates! Apply For A Fixed, FHA, HARP 2.0, or Jumbo Loan Today To Lock In Today's Low Rate. Refinance To Lower Your Monthly Payments. Offering Personal Service With 20 Years Experience. BBB Member. Call A Loan Expert Today. Fast Online Quotes!
Crestline Funding
Email Lender Write a Review

Lender Reviews

Laguna Hills Refinance

Yes, I recommend this lender

Paul Cannady from Crestline Funding was great to work with. He was patient with me and explained well the positive and negative aspects of the various options I was interested in. I would recommend Paul to my friends and coworkers who are looking to refinance.

By: Bert (Laguna Hills, CA)

Refinance Success

Yes, I recommend this lender

We just closed with our refinance with Crestline Funding. Paul Cannady, our account rep made the process as simple as possible. He didn't mind spending the time to go over the forms and assist us on exactly what was needed from us.

By: CarpGal (Goleta, CA)
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.

Mortgage Rate Trends

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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.