Southern Californians can now borrow more money for home loans from Freddie Mac, Fannie Mae, VA and FHA thanks to new loan limits in 2019. Read about the new maximum loan limits for home loans in Southern California for FHA, Conventional Loans, and VA loans are effective January 1, 2019.
Buying your first home in SoCal is an exciting event, and from a financial standpoint, it's also a terrific investment. Home ownership - particularly in Southern California - can help you to obtain many of your future goals and dreams, as real estate is historically a terrific investment.
Summit Lending is thrilled to announce we've received the "People Love Us on Yelp" Award again for 2018! Our Huntington Beach based team of mortgage brokers, professionals, loan processors, and client relations professionals are so grateful for the top-reviews we've received on Yelp! for our Orange County, CA based mortgage brokerage.
If you're wondering if it is time to refinance your Adjustable Rate Mortgage in SoCal, you will want to ask yourself 4 questions to determine if the time is right.
Here's how to know if it is time to contact a top-rated mortgage broker and lender, serving Orange County, Los Angeles County, San Diego County, and everywhere in between.
Experts are predicting that rents throughout Southern California will continue to rise, as building in SoCal has not kept up with demand. As rents keep climbing, many SoCal renters are smart to plan on buying a home.
If you're a homeowner in Southern California it's likely you have wondered if paying off your mortgage sooner is possible, or beneficial. After all, who wouldn't like to own their home outright in less time?
When you're looking to qualify for a home loan as a self-employed borrower, there are a lot of misconceptions that abound. Chiefly, that it is much harder to get a mortgage loan in SoCal if you're self-employed.
When it comes to buying a home or refinancing a mortgage, Summit Lending is renowned for providing easy home loans with great rates in SoCal. From Ventura County to San Diego County, and everywhere in between; the top-reviewed Orange County mortgage brokers at Summit Lending make home financing easy.
Saving money for a down payment on a home in Southern California can seem a bit overwhelming. However, with so many incredible loan products available to first time buyers, and experienced buyers, there is no reason to assume that saving enough money for a down payment is impossible.
If you're thinking about refinancing your mortgage in SoCal, there are a few things to consider, and several steps to take if you decide to do it. Here's a checklist of items to gather if you're planning or considering refinancing your home in Southern California.
Both the Los Angeles Times and the OC Register are reporting that home prices are continuing to rise, as the result of an improving economy. In fact, the median home prices in the six-county region of SoCal, including Los Angeles County, Orange County, San Bernardino County, and Riverside County have all risen at least 7.5% over last year.
With more than 1.7 million veterans, which accounts for 8% of total U.S. veteran population, California is fortunate to be home to incredible veterans who have served our nation through various branches of the military.
In Orange County, Los Angeles County, San Diego County and throughout Southern California, rents continue to rise, and haven't shown any signs of slowing down. With rents reaching new highs seemingly every month, it is a great time for first time homebuyers to consider getting pre-approval for a home loan.
Rental prices in areas such as Orange County, Los Angeles County, Ventura County and San Diego County are widely predicted to continue to rise for the next two years. With continuing rent increases, many in SoCal are planning to buy their first home. If you're like countless others, who are preparing to buy a home, a how-to-buy a first home checklist is undoubtedly going to be helpful.
For homeowners who are ready to upgrade into a larger home in Orange County, Los Angeles County, Ventura County, and Riverside County, the challenge often lies in the fact that you need to sell your home before you can buy your next home. This is a common scenario, so if you find yourself in this position, you're in good company. That's precisely why you need a mortgage broker who can secure fast approvals, and deliver quick closings on mortgage loans.
With so many different types of loan products available, from government loans such as FHA, to VA loans for military veterans, to Fannie Mae and Freddie Mac loans, it's not surprising that first time homebuyers, and even experienced home buyers can be confused by the different types of loans.
First-time home buyers in SoCal - like all buyers seeking to obtain a mortgage loan- must meet certain requirements in order to be approved for a home loan. However, the requirements for obtaining a first-time home buyer loan will vary, depending upon your unique circumstances, and the lender's specific rules and guidelines.
When you're ready to buy your first home, it's natural to have a lot of questions. After all, this is probably the biggest investment you've ever made. At top Yelp! reviewed direct mortgage lender and broker, Summit Lending, we are here to answer all your questions, and walk you through the process of buying your first home or condo in SoCal.
No one knows how to better help you to get a low interest rate mortgage loan for home purchases or refinances throughout Orange County, Los Angeles County, Ventura County, San Bernardino County, San Diego County, and Riverside County better than Summit Lending.
Orange County, California's locally owned and operated full service mortgage brokerage and mortgage lender Summit Lending has once again earned acclaim, as the result of our top ratings and top reviews online. In fact, we recently received notice that our Huntington Beach based real estate lending company is the recipient of the 2017 "People Love us on Yelp!" award.
When you're preparing to buy a condo or home in Orange County, or throughout other communities including San Diego, Riverside, Los Angeles, and San Bernardino in Southern California, one of the first questions you undoubtedly have is: "How much money do I need for a down payment?"
Living in gorgeous Southern California, comes at a price. Home to some of the nation's most expensive housing markets, home prices have been rising for several years in areas including Orange County, Los Angeles County, San Diego County, Ventura County, Riverside County and San Bernardino County.
Cash Out home loans are refinance loans that many homeowners throughout Orange County, Los Angeles County, Ventura County, San Bernardino County, Riverside County and San Diego County choose to secure through Summit Lending in Huntington Beach, in order to tap into the equity they have in their homes.
When you're in need of a mortgage loan to purchase a home in Southern California, or you're looking to refinance your current mortgage to get cash-out, or to lower your monthly payment, there are various mortgage professionals who can help.
FHA (Federal Housing Authority) loans are attractive to many homebuyers in Southern California and with good reason. FHA loans generally have fairly flexible qualification requirements, and some buyers will qualify for down payments as low as 3.5% with an FHA loan.
SoCal's locally owned and operated Summit Lending is a top-rated mortgage broker and direct lender serving the home financing and refinancing needs of homebuyers and homeowners. With dozens of 5-Star Yelp! reviews and Facebook reviews, we take customer service very seriously.
Also known as the Federal Home Loan Mortgage Corporation, or the FHLMC, Freddie Mac is a government-owned corporation that famously gave banks the ability to finance 30-year mortgages, what has become an industry standard. Because Freddie Mac buys mortgages, banks and other lending companies don't have to bear the burden of keeping a 30-year loan on their books, what would be an expensive endeavor.
A recent announcement made by the Department of Housing and Urban Development promises to reduce annual mortgage insurance premiums that homeowners in Southern Californian pay when seeking a government-insured loan. That translates to an estimated average of $500 that families making use of these loans can expect to save, according to the Federal Housing Administration.
There's good news for homebuyers in Southern California looking to secure a mortgage loan with a great interest rate for a home purchase in Orange County, Ventura County, San Bernardino County, Riverside County LA County, and San Diego County.