California Mortgage Rates

September 26, 2016 03:01 AM Eastern

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

  • ?
    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.
    ?
    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.
  • ?
    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.
  • ?
    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.
  • Refresh Rates

30 Year Fixed

Interest Rate
3.125%
APR
3.267%
Monthly Payment
$857
HomePlus Mortgage
30 Year Fixed
Interest Rate
3.125%
APR
3.267%
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 $3,569
Lender Credit $0
Total Closing Fees* $3,569
*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

A true professional

Yes, I recommend this lender

One of the things that I found stands out most with John is his professionalism. He is always available and knows his stuff. Awesome experience from start to finish.

By: chris (Wrightwood, CA)

5 star Service

Yes, I recommend this lender

I would like to say that John Vitale from HomePlus Mortgage was simply amazing. What a painless process this was to get my house refinanced. After thoroughly comparing mortgage company's I chose Homeplus mortgage based on their competitive rates and their exceptional reviews.. I was not disappointed. John was always available to answer my questions at all times and guided me through my first refinance with ease. These guys are professionals.

By: chris (Wrightwood, CA)

Thanks Jimmy Loucks!

Yes, I recommend this lender

I just refinance my home and luckily had the pleasure of working with James (Jimmy) Loucks. He was helpful, knowledgeable, and incredibly responsive to every question that I had. I am happy to be saving money, and I am relieved that he was able to make the process as smooth and painless as possible. I will definitely be reaching out to Jimmy when additional needs come up!

By: Joseph (Morgan Hill, CA)
See All Reviews
Home Point Financial
30 Year Fixed
Interest Rate
3.125%
APR
3.285%
Monthly Payment
$857
(844) 462-8312 Contact
Home Point 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 $4,000
Lender Credit $578
Total Closing Fees* $3,422
*Other 3rd party fees may apply
Home Point Financial
Email Lender

About the Lender

Our cultural philosophy can be summed up in two words – We CareWe care about our customers. At Home Point, Customer First is our “true north.” Consideration for the customer is built into every action we take.We care about each other. The ultimate success of Home Point is dependent on our ability to support each other and deliver results together – as a team.We care about our industry. We are a provider of the single biggest transaction for consumers in their lives and an input to the second largest debt market in the world. We conduct ourselves accordingly. We care about our communities. We believe that our responsibilities extend beyond the workplace. Stronger communities result in a stronger Home Point Financial. We care about results. Our results are measured by the consistency with which we deliver on our mission. Without sustainable success, there is no culture to cultivate.
Home Point Financial
Email Lender Write a Review

Lender Reviews

Highly Recommend!

Yes, I recommend this lender

I spoke with John Irmen at High Point Financial and he was extremely helpful in reviewing all options for my refinance. He was sure to understand the goals of my refinance and make them a reality. I would recommend contacting John Irmen with all of your financial needs!

By: Brett (Denver, NC)

Very happy with the service.

Yes, I recommend this lender

Very fast and helpful. Always had answers to all my questions. Went beyond what I expected. Very happy with their service. Very, very pleased with Andi Coffin and her patience with me.

By: Terry (Powell, TN)

Great company!

Yes, I recommend this lender

I just closed a refinance loan with Home Point Financial. Everything was as expected and was very easy. I would definitely recommend them to my friends and family.

By: che (Fairfax, VA)
See All Reviews

15 Year Fixed

Interest Rate
2.375%
APR
2.571%
Monthly Payment
$1,322
HomePlus Mortgage
15 Year Fixed
Interest Rate
2.375%
APR
2.571%
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 $2,745
Lender Credit $0
Total Closing Fees* $2,745
*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

A true professional

Yes, I recommend this lender

One of the things that I found stands out most with John is his professionalism. He is always available and knows his stuff. Awesome experience from start to finish.

By: chris (Wrightwood, CA)

5 star Service

Yes, I recommend this lender

I would like to say that John Vitale from HomePlus Mortgage was simply amazing. What a painless process this was to get my house refinanced. After thoroughly comparing mortgage company's I chose Homeplus mortgage based on their competitive rates and their exceptional reviews.. I was not disappointed. John was always available to answer my questions at all times and guided me through my first refinance with ease. These guys are professionals.

By: chris (Wrightwood, CA)

Thanks Jimmy Loucks!

Yes, I recommend this lender

I just refinance my home and luckily had the pleasure of working with James (Jimmy) Loucks. He was helpful, knowledgeable, and incredibly responsive to every question that I had. I am happy to be saving money, and I am relieved that he was able to make the process as smooth and painless as possible. I will definitely be reaching out to Jimmy when additional needs come up!

By: Joseph (Morgan Hill, CA)
See All Reviews
Sebonic Financial
15 Year Fixed
Interest Rate
2.375%
APR
2.644%
Monthly Payment
$1,322
(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 $1,322
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,322
Lender Fees $3,757
Lender Credit $0
Total Closing Fees* $3,757
*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

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)

Great Rate, very flexible

Yes, I recommend this lender

I found Sebonic from an online mortgage comparison site. They were the lowest rate, so I gave them a call. Great rates, and very helpful people. I was able to change the terms of my loan just 1 week before closing... and I still closed on time. They require escrow for loans under 80% LTV. If you can hit that, it's a .125 point fee to discharge. Very reasonable. I wholeheartedly recommend Sebonic for anyone looking for a great rate.

By: Zachary (Houston, TX)

Great Experience

Yes, I recommend this lender

I had the best refinance experience ever with Sebonic Financial. John Ruskin is very patient and reliable. It would be even better if the customer is informed by the first handler of the loan before moving to next handler ( something like introducing the next handler by the first handler; not by introducing the next handler by herself/ himself). I would use Sebonic again when I need to get a loan or refinance in future.

By: Michael (Rancho Cucamonga, CA)
See All Reviews
Home Point Financial
15 Year Fixed
Interest Rate
2.375%
APR
2.661%
Monthly Payment
$1,322
(844) 462-8312 Contact
Home Point 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 $1,322
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,322
Lender Fees $4,000
Lender Credit $1,068
Total Closing Fees* $2,932
*Other 3rd party fees may apply
Home Point Financial
Email Lender

About the Lender

Our cultural philosophy can be summed up in two words – We CareWe care about our customers. At Home Point, Customer First is our “true north.” Consideration for the customer is built into every action we take.We care about each other. The ultimate success of Home Point is dependent on our ability to support each other and deliver results together – as a team.We care about our industry. We are a provider of the single biggest transaction for consumers in their lives and an input to the second largest debt market in the world. We conduct ourselves accordingly. We care about our communities. We believe that our responsibilities extend beyond the workplace. Stronger communities result in a stronger Home Point Financial. We care about results. Our results are measured by the consistency with which we deliver on our mission. Without sustainable success, there is no culture to cultivate.
Home Point Financial
Email Lender Write a Review

Lender Reviews

Highly Recommend!

Yes, I recommend this lender

I spoke with John Irmen at High Point Financial and he was extremely helpful in reviewing all options for my refinance. He was sure to understand the goals of my refinance and make them a reality. I would recommend contacting John Irmen with all of your financial needs!

By: Brett (Denver, NC)

Very happy with the service.

Yes, I recommend this lender

Very fast and helpful. Always had answers to all my questions. Went beyond what I expected. Very happy with their service. Very, very pleased with Andi Coffin and her patience with me.

By: Terry (Powell, TN)

Great company!

Yes, I recommend this lender

I just closed a refinance loan with Home Point Financial. Everything was as expected and was very easy. I would definitely recommend them to my friends and family.

By: che (Fairfax, VA)
See All Reviews

5/1 ARM

Interest Rate
2.375%
APR
3.446%
Monthly Payment
$778
HomePlus Mortgage
5/1 ARM
Interest Rate
2.375%
APR
3.446%
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 $3,745
Lender Credit $0
Total Closing Fees* $3,745
*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

A true professional

Yes, I recommend this lender

One of the things that I found stands out most with John is his professionalism. He is always available and knows his stuff. Awesome experience from start to finish.

By: chris (Wrightwood, CA)

5 star Service

Yes, I recommend this lender

I would like to say that John Vitale from HomePlus Mortgage was simply amazing. What a painless process this was to get my house refinanced. After thoroughly comparing mortgage company's I chose Homeplus mortgage based on their competitive rates and their exceptional reviews.. I was not disappointed. John was always available to answer my questions at all times and guided me through my first refinance with ease. These guys are professionals.

By: chris (Wrightwood, CA)

Thanks Jimmy Loucks!

Yes, I recommend this lender

I just refinance my home and luckily had the pleasure of working with James (Jimmy) Loucks. He was helpful, knowledgeable, and incredibly responsive to every question that I had. I am happy to be saving money, and I am relieved that he was able to make the process as smooth and painless as possible. I will definitely be reaching out to Jimmy when additional needs come up!

By: Joseph (Morgan Hill, CA)
See All Reviews
Sebonic Financial
5/1 ARM
Interest Rate
2.500%
APR
3.483%
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 $3,591
Lender Credit $0
Total Closing Fees* $3,591
*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

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)

Great Rate, very flexible

Yes, I recommend this lender

I found Sebonic from an online mortgage comparison site. They were the lowest rate, so I gave them a call. Great rates, and very helpful people. I was able to change the terms of my loan just 1 week before closing... and I still closed on time. They require escrow for loans under 80% LTV. If you can hit that, it's a .125 point fee to discharge. Very reasonable. I wholeheartedly recommend Sebonic for anyone looking for a great rate.

By: Zachary (Houston, TX)

Great Experience

Yes, I recommend this lender

I had the best refinance experience ever with Sebonic Financial. John Ruskin is very patient and reliable. It would be even better if the customer is informed by the first handler of the loan before moving to next handler ( something like introducing the next handler by the first handler; not by introducing the next handler by herself/ himself). I would use Sebonic again when I need to get a loan or refinance in future.

By: Michael (Rancho Cucamonga, 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

Monthly | Daily

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.