The conventional, or conforming, loan is the industry standard mortgage. It is offered with a variety of terms (fixed, adjustable), and can be used for the primary residences, investment properties, and second homes.
Enjoy down payments as low as 3.5% of the home’s purchase price
Qualify with no maximum income limitation
Qualify for an FHA home loan even without a long credit history
No prepayment penalty
The most popular loan program in the United States. The loan term of 30 years helps keep the monthly payments manageable, but also means that borrowers will pay more interest over the life of the loan.
The 30-year high balance loan offers San Luis Obispo County buyers access to conventional financing. Halfway through 2014, the median home price for SLO County rose above $480,000. The national conventional limit is $417,000. By offering a “high balance” loan of $561,200 in higher-cost areas, buyers retain access to the most popular loan program on the books.
The GSFA Platinum down payment assistance program was created to help low to moderate income homebuyers in the state of California purchase a home by providing down payment and/or closing cost assistance in the form of a non-repayable grant. (Read more)
The Program Income Limit for Freddie Mac first mortgages
Wait times after foreclosure, short sale, bankruptcy (Read more)
* Reduced time frames with extenuating circumstances
The 15-year fixed offers a lower mortgage rate than the 30-year, and is very popular for refinance. The shorter loan term will save borrowers thousands and thousands off interest payments over the life of the loan.
The HomeStyle Mortgage allows homeowners to include financing for a whole swath of home improvement(s) in with their mortgage, including kitchen upgrades, bedroom and bathroom additions, structural repairs, energy efficiency changes, and cosmetic alterations… (Read More)
Middle-to-low income homebuyers who currently do not own a home are eligible to receive a significant price break on their loan under the newest program offered by Central Coast Lending, Fannie Mae’s MyCommunityMortgage (MCM) program… (Read more)
Qualify by showing just one year of income. (Read more)
~ Don’t wait a day longer than you have to! This program is perfect for buyers who are self-employed, or who have had a recent increase of income.
Financing for non-permitted additions is allowed.
~ Case-by-case basis. Give us a call at 805.543.LOAN to learn more.
Creating an account is fast, easy, secure and FREE! Your account enables you to easily modify your loan application and view the status of your loan anytime day or night.
When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely.
Kick your feet up while we crunch the numbers. Pre-approval can be done very quickly if you provide a complete and accurate loan application and supporting documentation.
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