California Mortgage Rates

June 24, 2016 05:59 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
3.000%
APR
3.241%
Monthly Payment
$843
AnnieMac Home Mortgage
30 Year Fixed
Be the first to write a review.
NMLS: 338923
Interest Rate
3.000%
APR
3.241%
Monthly Payment
$843
(844) 332-2241 Contact
AnnieMac Home 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 $843
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $843
Lender Fees $6,038
Lender Credit $412
Total Closing Fees* $5,626
*Other 3rd party fees may apply
AnnieMac Home Mortgage
Email Lender

About the Lender

Headquartered in Mount Laurel, New Jersey, AnnieMac Home Mortgage, a d/b/a of American Neighborhood Mortgage Acceptance Company, LLC has provided quality mortgage loan products to consumers nationwide. As an approved seller/servicer with Fannie Mae, Freddie Mac and Ginnie Mae, we have access to the best mortgage programs available, including Conventional, Government and Non-Conforming mortgages. Since our processing and underwriting are completed in-house, consumers can expect an efficient process and exceptional customer service, positioning us as a leader in the mortgage lending industry.
AnnieMac Home Mortgage
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Lender Reviews

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Home Point Financial
30 Year Fixed
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NMLS: 7706
Interest Rate
3.125%
APR
3.285%
Monthly Payment
$857
(877) 959-4192 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 $316
Total Closing Fees* $3,684
*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
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Lender Reviews

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15 Year Fixed

Interest Rate
2.375%
APR
2.661%
Monthly Payment
$1,322
Home Point Financial
15 Year Fixed
Be the first to write a review.
NMLS: 7706
Interest Rate
2.375%
APR
2.661%
Monthly Payment
$1,322
(877) 959-4192 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 $558
Total Closing Fees* $3,442
*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

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HomePlus Mortgage
15 Year Fixed
Interest Rate
2.375%
APR
2.675%
Monthly Payment
$1,322
(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 $1,322
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,322
Lender Fees $4,195
Lender Credit $0
Total Closing Fees* $4,195
*Other 3rd party fees may apply
HomePlus Mortgage
Email Lender

About the Lender

NMLS ID 78669
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, at 800-810-7587. We are eagerly waiting to hear from you.
HomePlus Mortgage
Email Lender Write a Review

Lender Reviews

Great Customer Service

Yes, I recommend this lender

I sent a request for rate quote through lendingtree.com and was contacted by multiple lenders. James Rotta from Home Plus Mortgage was among one of those who contacted me. James was very responsive, and he had been so patient with me despite me having tons of questions and needing a lot of clarifications, confirmation and assurance throughout the process. He found a lender that offered me a fixed refi rate i was looking for, and his company credited me with the full closing cost couple of weeks after the loan was closed. We closed escrow a month after the rate was locked, it required a lot of documentations, but the process was pretty smooth. I would definitely work with James if I were to refi again!

By: SLim (Belmont, CA)

Great Refi!

Yes, I recommend this lender

Stephanie Wilson was super easy to work with. She made sure we understood everything during the loan process. She was prompt in answering phone calls, e-mails and answered any question that I had. I would definitely recommend Stephanie.

By: Deanna (Lakeside, CA)

Thank You for a Tough Job Well Done

Yes, I recommend this lender

Right from the git-go, I could tell Stephanie was the one I was going to go with. I am a real estate broker and a certified financial planner (CFP) and I own (and have owned) numerous rental properties throughout my years. I have been through this finance process more times than anyone reading this review, I can assure you. I rate people very high in life as per their responsiveness and their accuracy, and Stephanie has both these qualities in 'spades'. The loan process sucks, thanks to Dodd Frank, but I believe no one could have done a better job in getting this jumbo VA loan executed than Stephanie. She helped remove several hurdles along the way, and due to no fault of her own, the loan closed a bit late, but at the 11th hour of the extension, which is typical in this industry. Just one day later would have been very dire. So, in a few words, I would definitely use Stephanie again in another loan I may need in the future and will definitely keep her contact info ready and handy!!! Use her - you will not be sorry, I can assure you.

By: Gerry (Los Altos, CA)
See All Reviews
AnnieMac Home Mortgage
15 Year Fixed
Be the first to write a review.
NMLS: 338923
Interest Rate
2.375%
APR
2.778%
Monthly Payment
$1,322
(844) 332-2241 Contact
AnnieMac Home 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 $5,604
Lender Credit $846
Total Closing Fees* $4,758
*Other 3rd party fees may apply
AnnieMac Home Mortgage
Email Lender

About the Lender

Headquartered in Mount Laurel, New Jersey, AnnieMac Home Mortgage, a d/b/a of American Neighborhood Mortgage Acceptance Company, LLC has provided quality mortgage loan products to consumers nationwide. As an approved seller/servicer with Fannie Mae, Freddie Mac and Ginnie Mae, we have access to the best mortgage programs available, including Conventional, Government and Non-Conforming mortgages. Since our processing and underwriting are completed in-house, consumers can expect an efficient process and exceptional customer service, positioning us as a leader in the mortgage lending industry.
AnnieMac Home Mortgage
Email Lender Write a Review

Lender Reviews

Be the first to write a review. See All Reviews

5/1 ARM

Interest Rate
2.250%
APR
3.213%
Monthly Payment
$764
AnnieMac Home Mortgage
5/1 ARM
Be the first to write a review.
NMLS: 338923
Interest Rate
2.250%
APR
3.213%
Monthly Payment
$764
(844) 332-2241 Contact
AnnieMac Home 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 $764
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $764
Lender Fees $3,832
Lender Credit $618
Total Closing Fees* $3,214
*Other 3rd party fees may apply
AnnieMac Home Mortgage
Email Lender

About the Lender

Headquartered in Mount Laurel, New Jersey, AnnieMac Home Mortgage, a d/b/a of American Neighborhood Mortgage Acceptance Company, LLC has provided quality mortgage loan products to consumers nationwide. As an approved seller/servicer with Fannie Mae, Freddie Mac and Ginnie Mae, we have access to the best mortgage programs available, including Conventional, Government and Non-Conforming mortgages. Since our processing and underwriting are completed in-house, consumers can expect an efficient process and exceptional customer service, positioning us as a leader in the mortgage lending industry.
AnnieMac Home Mortgage
Email Lender Write a Review

Lender Reviews

Be the first to write a review. See All Reviews
HomePlus Mortgage
5/1 ARM
Interest Rate
2.375%
APR
3.318%
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 $3,658
Lender Credit $0
Total Closing Fees* $3,658
*Other 3rd party fees may apply
HomePlus Mortgage
Email Lender

About the Lender

NMLS ID 78669
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, at 800-810-7587. We are eagerly waiting to hear from you.
HomePlus Mortgage
Email Lender Write a Review

Lender Reviews

Great Customer Service

Yes, I recommend this lender

I sent a request for rate quote through lendingtree.com and was contacted by multiple lenders. James Rotta from Home Plus Mortgage was among one of those who contacted me. James was very responsive, and he had been so patient with me despite me having tons of questions and needing a lot of clarifications, confirmation and assurance throughout the process. He found a lender that offered me a fixed refi rate i was looking for, and his company credited me with the full closing cost couple of weeks after the loan was closed. We closed escrow a month after the rate was locked, it required a lot of documentations, but the process was pretty smooth. I would definitely work with James if I were to refi again!

By: SLim (Belmont, CA)

Great Refi!

Yes, I recommend this lender

Stephanie Wilson was super easy to work with. She made sure we understood everything during the loan process. She was prompt in answering phone calls, e-mails and answered any question that I had. I would definitely recommend Stephanie.

By: Deanna (Lakeside, CA)

Thank You for a Tough Job Well Done

Yes, I recommend this lender

Right from the git-go, I could tell Stephanie was the one I was going to go with. I am a real estate broker and a certified financial planner (CFP) and I own (and have owned) numerous rental properties throughout my years. I have been through this finance process more times than anyone reading this review, I can assure you. I rate people very high in life as per their responsiveness and their accuracy, and Stephanie has both these qualities in 'spades'. The loan process sucks, thanks to Dodd Frank, but I believe no one could have done a better job in getting this jumbo VA loan executed than Stephanie. She helped remove several hurdles along the way, and due to no fault of her own, the loan closed a bit late, but at the 11th hour of the extension, which is typical in this industry. Just one day later would have been very dire. So, in a few words, I would definitely use Stephanie again in another loan I may need in the future and will definitely keep her contact info ready and handy!!! Use her - you will not be sorry, I can assure you.

By: Gerry (Los Altos, 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.