These are standard San Diego Home Loans that do conform to the limits specified by Fannie Mae and Freddie Mac. Many customers who come to us are looking for a conventional loan. Our loans feature affordable rates, low fees, and favorable terms.
Today, active duty military service members, veterans, and their spouses can achieve the dream of homeownership with a San Diego VA loan. These are mortgage loans made by private lenders that are guaranteed by the U.S Department of Veterans Affairs (VA). Although these loan guarantees are designed to make owning a home easier for those who have served the country, meeting the requirements to qualify for a VA loan can be complicated.
Buying your first home? FHA loans in San Diego are available to first-time homebuyers and come with down payments as low as 3.5%. They also include friendly terms, and may be easier to qualify for than conventional loans—even if you do not have perfect credit.
There are many types of San Diego Reverse Mortgage loans. The most common, is the Home Equity Conversion Mortgage, or HECM. This Reverse Mortgage is a mortgage for seniors aged 62 and older, insured by the Federal Housing Administration. The program enables seniors to convert the equity in their home into tax free cash and has many strategic advantages.
Refinancing is when you take your current mortgage and get another loan to replace it. People refinance their mortgage to get a lower interest rate or monthly payment, get a shorter or longer term, among many other reasons.
Why you should work with Cal Coast Funding
At Cal Coast Funding, we are buyers, owners and sellers in San Diego. We know that the mortgage loan process is complicated and frustrating, especially for first-time home buyers, so we work closely with you to secure the best financing option. Our mortgage consultants guide you through the process and explain everything along the way so that you can make an informed financial decision. We help you complete the application, review your credit report, and collect all the necessary documentation that lenders typically require to approve a mortgage loan.
Our mission is to build the community by educating consumers and helping them reach their goals.