Mortgage Loans in Del Mar

It is important that those who are planning to buy a home know the buying process and should be familiar with the loan options available for them. This will help them to take the most ideal option for their unique condition. There are a number of mortgage loan options available and the best protection from committing a wrong decision is being prepared — prior research about mortgage loans in Del Mar, CA is necessary.

In Del Mar, CA, one mortgage loan provider that many clients trust is HomePlus. With long years of experience serving clients in the industry, the company’s loan application process has become more refined, giving quality service. One important feature of the company is that it allows clients to interact directly with highly experienced loan officers through the entire process, giving them with a more personalized customer service.

Here are some types of mortgage loans in Del Mar that HomePlus provides:

FHA Loans – It stands for Federal Housing Administration loans; these are government insured loans specifically designed for people who are buying homes for the first time. They allow homebuyers to purchase a property with little down payment. Homebuyers can be approved for FHA loan even if their credit rating is not that good.

VA Loans – Designed specifically for American military personnel or their surviving spouses and are guaranteed by the U.S. Department of Veteran Affairs. Some of the benefits of choosing a VA loan include: lock in low mortgage rates and no down payment. It also gives an opportunity to gain thousands of dollars saving.

30 Year Fixed Loans & 15 Year Fixed Loans – This type of loan will give buyers a fixed mortgage rate; the same interest rate and payment in the whole duration of the loan. This provides an advantage for those who are looking for mortgage loans in Del Mar that are more secure, with monthly payments that are predictable, and have some level of protection from inflation.

7/1 ARM Loans & 5/1 ARM Loans – Provide a low interest rate for the first 7 or 5 years respectively. This type of loan is the best choice for homeowners whose income is expected to increase in a small amount of time, those with lower initial loan payments, and those who want to put their home on sale within 7 or 5 years.

Looking for mortgage loans in Del Mar, CA? Contact HomePlus today.

Call us at (800) 958-7587