Home Loans: California

It’s important to check quotes from multiple lenders to get the best deal. However, some lenders may require credit approval before they’ll let you get an idea of your options.

This situation can be challenging: every inquiry can take points off your credit score. We want to avoid harming your credit, so we do not pull your credit report.

Homes go fast in California, typically selling in less than a month, so you need every advantage you can get. A pre-approval letter shows sellers that you’re serious about purchasing a home and that you can afford a mortgage.

At District Lending, you can get pre-approved in only a few hours, meaning you can get out and start looking for the perfect property immediately. Moreover, you don’t need to come to our office: you can get your mortgage pre-approved online.

Even a few percentage points can make a huge difference in how much you spend over time. District Lending works hard to provide a great mortgage rate for every homebuyer. We offer fixed-rate and adjustable-rate mortgages, and we’ll explain the advantages of each option in terms of your monthly payments and costs over the life of your loan.

District Lending has mortgage options for any budget, ensuring every California resident can afford their dream home. We have conforming, jumbo, FHA, construction, and VA loan options.

Not sure which one is right for you? Your loan officer will help you work through all your options, so you know your mortgage loan is perfect for your needs.

Some mortgage lenders see their borrowers as just another number on a spreadsheet, but we recognize each borrower has a unique financial situation and goals.

When you work with District Lending, you’ll get the expert assistance of a mortgage loan officer, who will take the time to learn your needs and match you with options that meet your expectations. If you’re a first-time homebuyer, we’ll explain the entire process, such as the impact of the annual percentage rate and what fees you can expect upon close.

Most of our borrowers will work with the same loan officer throughout the life of their mortgage, including when they choose to refinance for a better rate. We’ll be there to answer all of your questions and ensure you have access to all the homebuyer programs available.

The upfront costs required to buy a house can be intimidating, especially for first-time home buyers, but we want to make sure that you buy your dream home. We’ll assess your situation and find you the most affordable home loan program — federal, state- or county-level — to cut your costs. We’ll name just a few of the most prominent programs below.

We’ll help you find a first mortgage program to assist with down payments, closing fees, and foreclosure prevention resources. These include CalHFA conventional mortgages, CalHFA FHA-insured mortgages, and subordinate programs such as the My Home Assistance Program.

We’ll also connect you to consumer education programs that will help you prepare for the costs of your mortgage loan (government programs even list first-time buyer education as a requirement, including Fannie Mae’s HomeReady mortgage).

As terms differ between mortgage lenders, we’ll help you find a tailored solution for your first mortgage.

USDA loans focus on developing rural areas and helping low-income households improve their living conditions. A USDA loan lets you finance up to 100% of your home, with loan limits varying depending on the area. Other benefits of the USDA loan include:

• Significantly lower, fixed interest rate

• Payback periods as long as 33 and even 38 years

• No down payment requirements (most of the time)

District Lending will help you find the most affordable USDA mortgage loan so your home purchase doesn’t become a burden.

Closing costs are payments to the professionals who complete the closing process, including lawyers, realtors, and registrars; they are usually between 3% and 6% of the purchase price. As we know this can be difficult for buyers to manage, we can incorporate these costs into your mortgage so that you pay them over time rather than upfront.

We can also help you find mortgages without closing costs.

Want to take advantage of lower mortgage rates? We can help you get a lower rate when you refinance, ensuring you have lower monthly payments and extra cash for necessary repairs.

Refinancing lets you exchange your first mortgage for one with a more advantageous interest rate, allowing you to save money over time. We’ll walk you through your options, including switching to a different interest rate scheme. If you didn’t use us to open your original loan, that’s okay: we’ll be happy to help you refinance even if you worked with someone else.

You can sign up for our notification program so you’re the first one to know when interest rates drop, letting you get the best options possible.

Borrowers want to know what to expect from their monthly payments, so we developed a free calculator that lets you explore the different variables that make up your loan.

Check out how much your mortgage rate will impact your costs, consider what you’ll pay based on how much money you put down, and weigh the pros and costs of fixed-rate versus adjustable-rate mortgages.

Our calculators also work if you need help determining what price range you’re looking for: put in the monthly payment you can afford, and you’ll get an estimate of what types of homes you should focus on when you’re ready to go house hunting.

When you’re ready, you can get in touch with a member of our team with all the facts you need to make a great decision.