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Cal Cities Mortgage specializes in purchase and refinance loans.  Our loan officers are the best in the industry and this will assure you that you will have the most competitive Loan Programs and Products available to you.  Let us help you to make the right decision to afford home ownership today!

 
100% Financing
Adjustable Rate Mortgages
Bi-Weekly Mortgages
Commercial Loans
Construction Loans
Debt Consolidation
First Time Buyers
Fixed Rate Mortgages
Interest Only Mortgages
Purchase
Refinance
Reverse Mortgages
Second Mortgages
Stated Income

100% Financing

Well-qualified borrowers are able to finance 100% of the home's value with this loan.  This loan is usually broken up into two loans to avoid mortgage insurance, which is of little value to the borrower.  We also do business with lenders who will offer 100% financing to well qualified borrowers in one loan with no mortgage insurance.  This type of financing is easy to get, but is FICO score driven.  Ask your loan representitive about this type of financing today.


Adjustable Rate Mortgages

Adjustable Rate Mortgages are mortgage loans where the interest has the ability to adjust.  Depending on the program the rate can adjust monthly, yearly or every six months.  There are long term Adjustable Rate Mortgages you can choose from where your interest rate may be fixed for 2,3,5,7 or 10 years.  After the term expires, your rate will then begin to adjust on either a yearly basis or every six months.  The benefit of Adjustable Rate Mortgages is generally the rates are lower on these loans than on fixed rate mortgages.  These loans are a good way to buy a house with the lowest possible payment, then refinance the loan into a permanent fixed loan once the term expires and you are more comfortable making the mortgage payments.


Bi-Weekly Mortgages

These are loans where your payment is set up to be paid every two weeks instead of monthly.  The payment is essentially cut into two payments over the month instead of one.  The benefit of making bi-monthly payments is you end up paying one or two extra payments a year.  This can ultimately cut your 30-year mortgage down to approximately 25 years or less, saving you thousands of dollars in interest payments.  You can also set up your bi-monthly payments to be taken directly out of your bank account for you so you never have to worry about making the payment.


Commercial Loans

Commercial Loans are done on any purchase that is 5 units or more, or any building in a commercially zoned area.  Commercial Loans offer the same flexible programs as residential loans, however the qualifying process is slightly different.  You want to contact a skilled professional who has experience with Commercial Lending.


Construction Loans

Construction Loans are useful when you are buying a home to rebuild or remodel.  Construction Loans can be done as a purchase or a refinance and offer the borrower the flexibility of not having a payment during the course of construction.  Once construction is complete you can easily and inexpensively "roll" your loan over to a permanent loan in any program that suits your needs and is a good match for you.


Debt Consolidation

Debt Consolidation Loans are done two ways:  either a refinance of the first mortgage with cash out to pay your debt, or as a fixed second trust deed or equity line to provide you with the cash to pay your debt.  Ask a skilled loan professional which option would be the most benefit to you.


First Time Buyers

You qualify for First Time Home Buyer programs if you are buying your first home and have never owned or been placed on the title of another property.  First Time Home Buyers programs can help you with closing costs, give you higher loan to value loans and provide more options to make your purchase more affordable to you.  There are many First Time Home Buyer programs offered by various lenders, ask a skilled loan professional about which program will suit your needs the best.


Fixed Rate Mortgages

Fixed Rate Mortgages are mortgages with interest rates that will never change or adjust.  You could have a 15, 20, 30, 40, and now even a 50-year loan with a fixed rate that will never change.  Choosing a longer term on your loan will significantly lower your payment.


Interest Only Mortgages

Interest Only Loans offer you a payment that is based on only paying the interest.  This will reduce your payment significantly and assist you in settling into your new home more comfortably.  Most loan programs offer an interest only option for a period of time on the loan.  Ask a skilled loan professional about this program.


Purchase

We offer any and all loan solutions for the purchase of your new home.  Whether you are a first time homebuyer or selling a home to buy your dream home, we can find you the financing that is perfect for you and your needs.


Refinance

Refinancing is a great way to lower your rate and payment or pay some of your debt.  It's an easy process that is affordable and may save you hundreds of dollars a month.


Reverse Mortgages

Reverse Mortgages are a wonderful option for people age 65 and over.  Reverse Mortgages can be used to pay the remaining balance of your existing loan or can be used as a way to bring you more money every month.  The existing equity in your home can be leveraged in a reverse mortgage so you can utilize it however you want.  The balance of the Reverse Mortgage is not due and payable until you are no longer living in your home, so you do not have a monthly mortgage payment.  You can also transfer the mortgage to your children so they may easily refinance them into regular fixed rate loans.  There are some county restrictions on Reverse Mortgages, so talk to a loan professional who is experienced in doing these types of loans.


Second Mortgages

Second Mortgages are a great tool for getting extra money to pay off debt or do some home improvements.  A second mortgage is best used when there is not benefit to refinancing your first mortgage, or if the balance of the second is $10,000 to $25,000.  Ask a skilled professional today which option is best for you.


Stated Income

No income verification needed!  This loan is perfect for people who are self-employed and have a difficult time verifying their full income.   Stated Income Loans free you from having to supply the lender with two full years of income verification.  The loan parameters are slightly different, so ask a skilled professional if this option is right for you.



 


Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.