Mortgage Loans in La Jolla

There are a number mortgage loans that homebuyers can get from a mortgage loan provider. It is important that those who are planning for a home purchase are familiar with these loan options, so that they are able to take advantage of the most ideal option for their unique condition.

In La Jolla, CA, one mortgage loan provider that many clients trust is HomePlus. With years of experience in the industry, the company has streamlined its process, giving clients top quality service that the industry can offer. One important feature of the company is that it provides clients a way to interact directly with highly experienced loan officers in the entire loan application process, giving them with a more customized customer service.

Here are some types of mortgage loans in La Jolla that HomePlus offers:

FHA Loans – It stands for Federal Housing Administration loans; these are government insured loans specifically designed for first time home buyers. They allow homebuyers to buy a property with little money down. One notable feature of this type of loan is that homebuyers can be approved for FHA loan even if they have bad credit.

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

30 Year Fixed Loans & 15 Year Fixed Loans – In simple terms, this type of loan will give clients a fixed mortgage rate; the same interest rate and payment during the entire duration of the loan. This provides an advantage for those who are looking for mortgage loans in La Jolla that provides more security in buying a home, predictable monthly payment, and have some protection from inflation.

7/1 ARM Loans & 5/1 ARM Loans – These give a low interest rate for the first 7 or 5 years respectively. This type of loan is ideal for homeowners whose income is expected to grow in a small amount of time, those who have lower initial loan payments, and those who want to sell their home within 7 or 5 years.

Looking for mortgage loans in La Jolla, CA? Contact HomePlus today.

Call us at (800) 958-7587