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Conventional Loans in Hidden Hills
Hidden Hills sits behind gates with homes averaging well above conforming limits. Most buyers here need jumbo financing, but conventional loans work for smaller estates or condos.
The gated community attracts high-net-worth borrowers who qualify easily. Credit scores here run 740+, and most put down 20-30% without blinking.
You need 620+ credit and 3% down minimum for conventional financing. Hidden Hills borrowers rarely struggle with these baseline requirements.
Debt-to-income caps at 45% for most lenders. With property values this high, income documentation becomes critical even when you're putting down 25%.
Two years of stable income history matters more than the specific source. We've closed conventional loans for entertainers, executives, and business owners who document income properly.
Our 200+ wholesale lenders compete hard for Hidden Hills deals. Even conventional loans this size get attention because the borrower profiles are pristine.
Rates vary by borrower profile and market conditions. With your credit and down payment, you'll see the best pricing available.
Portfolio lenders sometimes beat Fannie/Freddie pricing on properties right at conforming limits. We shop both to find your lowest rate.
Most Hidden Hills buyers overpay by defaulting to their bank. The spread between retail bank pricing and wholesale rates costs $40-80K over the loan life.
Appraisals here need comps from within the gates. We warn lenders upfront so they assign appraisers who understand the community.
Conventional beats FHA even when you qualify for both. No upfront insurance premium and lower monthly MI if you're under 20% down.
Jumbo loans dominate Hidden Hills, but conventional wins for properties under $766,550 in 2024. You get better rates and more lender options.
FHA allows 3.5% down versus 3% conventional, but mortgage insurance costs kill the math. You'll pay thousands more annually for that extra half percent in leverage.
Adjustable rate mortgages make sense if you're upgrading in 5-7 years. Most Hidden Hills buyers refinance or move up within a decade anyway.
HOA dues run $300-500 monthly here. Lenders count this in your debt ratio, which matters when you're maxing out loan size.
Property taxes hit 1.1-1.25% of value in Los Angeles County. On a $750K purchase, that's $8,000+ annually affecting your ratios.
Equestrian properties need specialized appraisals. Tell us upfront if the property includes horse facilities so we match the right lender and appraiser.
$766,550 for single-family homes in 2024. Properties above this need jumbo financing regardless of down payment size.
No, you need 20% down to skip PMI entirely. At 15% down, expect $200-400 monthly insurance depending on loan size and credit score.
Yes, family members can gift your entire down payment. We need a gift letter and proof the funds transferred to your account.
3-4 weeks with clean documentation. Appraisals add time since we need comps from inside the gates, not just nearby Calabasas.
Maybe. We need an appraisal showing separate living quarters and either lease history or a market rent analysis from the appraiser.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.