Which California Mortgage Program is Best for You?
Below you will find information for mortgage programs that work in tandem with down payment assistance programs.
FHA loans are insured by the US Federal Housing Administration. They have flexible qualifying criteria that make them great to use with down payment assistance and first time home buyer programs. These loans help to overcome homeownership barriers with affordable financing, such as great interest rates.
VA home loans are guaranteed by the federal government through the Veterans Benefits Administration. These loans help eligible veterans secure funds for the purchase of a primary residency, and have some of the best benefits of any mortgage program.
USDA loans are aimed at low to moderate income homeowners in rural communities. Offered through government loan programs, USDA loans are easier to qualify for, have no down payment requirements, and better interest rates.
A conventional loan is a mortgage not insured by any government agency (ex/ FHA, VA or USDA). Guidelines for these loans are set by Fannie Mae or Freddie Mac, and can be classified as conforming or non-conforming.
California Mortgage Company
When financing a new home, working with a California mortgage company can save you money and help settle doubts about the home buying process.
There are many financial options available. The process can be difficult, tiresome, and confusing. We understand that. One type of loan might work for a particular person, while it might not for another.
Every family or individual has different needs, and we will work together to help you find the best financing options for your particular situation.
Starboard Financial is an Arizona-based mortgage lender authorized to offer low down mortgage programs that accept down payment assistance. We fully explain financing options with our clients, and advise them based on short-term and long-term goals.
Work With a Licensed California Mortgage Lender
Not all loan officers are the same. It is important to work with a reputable lender when shopping for mortgage programs that work with down payment assistance programs.
Speak with a loan officer, get a quote, find out what you can buy and what your payments will be. Provide any requested information. This way you can get a prequalification letter to give to both a real estate agent and down payment assistance plan administrator.
Starting the prequalification process is easy. Work with us and we can find the best option for your personal needs.
