BUY A HOME IN CALIFORNIA
Whether you are shopping for a home in Oxnard, Ventura, Santa Barbara, Los Angeles, or anywhere in California, doing so affordably starts with finding a suitable mortgage.
With our wide selection of lending products, you can discover your ideal home loan quickly and easily.
We Can Help You Find the Right Home Purchase Loan
CONVENTIONAL
You can use a conventional mortgage to buy a home without a loan backed by a government agency. When conventional loans fit the Fannie Mae and Freddie Mac loan limits, they are called “conforming loans.”
JUMBO
California’s real estate market includes quite a few high-value homes. The cost to purchase those homes may surpass what you can borrow with a conforming loan. When that is the case, you can instead turn to a jumbo mortgage, which is another type of conventional loan.
BANK STATEMENT LOANS
When your W-2 does not show all your income or you do not have a W-2, you can apply for a bank statement loan. Use bank statements to verify your income for a rapid loan application process.
USDA LOANS
The USDA mortgage program is the income-based program backed by the US Department of Agriculture that makes zero down home purchasing possible in rural areas.
FHA
Moving into a California home with affordable rates and a low down payment its possible even without a perfect credit score. Consider applying for an FHA mortgage insured by the Federal Housing Administration.
VA LOANS
If you served our country, you could qualify for a VA loan. This zero down mortgage makes it easy and affordable to move immediately into a California home even without perfect credit.
SELF EMPLOYED BORROWER
Business owners, freelancers, and other self-employed individuals do not need a W-2 to apply for a mortgage. Our simple alternate loan process will have you moving quickly toward closing.
FIRST TIME HOME BUYER
Buy your first home with confidence with Financial Home Associates guiding you through the process step-by-step.
How Do You Know What Type of Mortgage to Apply For?
The type of home loan you should apply for depends on your financial circumstances and your plans. Here are some factors to weigh:
- Your credit score
- Your debt-to-income (DTI) ratio
- Your income
- Your employment history
- Your service record (if applying for a VA mortgage)
- The location of the home
- The type of property
- Your intended length of occupancy in your home
- Your down payment ability
- Your liquidity requirements
Your consultation provides an opportunity for us to help you figure out what type of mortgage will suit you based on these considerations.
You also can receive advice on how to enhance your borrower profile, for example by raising your credit score before submitting a loan application.
Buy a Home in Oxnard or Anywhere in CA
Are you ready to schedule your consult for a home purchase loan in Oxnard or beyond? Please give us a call today at (805) 402-5302 to schedule your mortgage consultation.
