California
Mortgage RatesAll mortgage rates displayed are provided by Zillow based on borrowers with credit scores between 680-740 and represent averages and trends. Please consult with Strategic Financial to receive a personalized rate for your specific situation.
FHA home loans are popular among Los Angeles first-time homebuyers due to low down payment and credit requirements.
FHA Loans
A conventional(fixed-rate mortgage) is a popular type of home financing in Los Angeles because it offers predictability for your budget.
Conventional Loans
A jumbo home loan is a mortgage used to finance Los Angeles properties that are too expensive for a conventional conforming loan.
Jumbo LoansConventional mortgages are ideal for buyers with good credit and money to put down. They typically require a higher down payment, usually 5%–20% and also have higher income and credit score requirements than government loans. Typical fixed-rate loans have a term of 30 or 15 years.
FHA loans are designed to benefit first-time homebuyers and buyers with less than perfect credit and not a lot of money to put down. FHA loan limits vary by county. View the FHA loan limits in your area.
If you are a veteran or a current member of the U.S. military, you can apply for a VA Loan, which currently offers up to 100% home financing. Thank you for your service!
Curious about refinancing your home in Los Angeles? Now may be the right time to start saving money every month!
Not sure how much of a home you can afford? Enter your personalized information below to get a good ballpark figure of the type of home you can afford today!
September 22, 2023Mortgage rates play a significant role in the housing market, affecting affordability for potential homebuyers and those looking to refinance. However, predicting and influencing mortgage rates isn't straightforward. Understanding the factors that influence them can offer insights into what might lead to lower rates. Federal Reserve's Influence The Federal Reserve's monetary policy is a major…
Read Post
September 15, 2023In the age of online shopping, package theft has become an increasingly common problem for homeowners. With the convenience of having items delivered to our doorsteps comes the risk of those items falling into the wrong hands. Fortunately, there are several proactive steps you can take to safeguard your packages and prevent theft. Here are…
Read Post
September 8, 2023As the seasons change, temperatures fluctuate and kids return to school, it becomes almost inevitable that someone in your house will get sick. Whether it's the common cold, the flu, or a new variant of COVID-19, it's crucial to be proactive and prepare your home to minimize the risk of illness and ensure comfort when…
Read Post