Mortgage Loans in Brea, California – Expert Guidance for Orange County Homebuyers

We offer over 25 loan types including conventional, FHA, VA, jumbo, and USDA loans. We also provide specialized options like bank statement loans, DSCR loans, and ITIN loans for unique situations.

You'll need proof of income, acceptable credit, and sufficient down payment funds. Specific requirements vary by loan type. We'll review your complete financial profile to find the best match.

Minimum credit scores vary by loan type. FHA loans may accept scores as low as 580. Conventional loans typically require 620 or higher for best rates.

Down payments range from 0% for VA and USDA loans to 3% for some conventional loans. FHA loans require 3.5% down. Investment properties typically need 15-25% down.

Rates vary by borrower profile and market conditions. Your rate depends on credit score, down payment, loan type, and property details. Contact us for personalized rate quotes.

Conventional loans are mortgages not backed by government agencies. They typically require higher credit scores but offer competitive rates. Down payments start at 3% for qualified buyers.

FHA loans are government-backed mortgages with lower down payment and credit requirements. They're ideal for first-time buyers. Mortgage insurance is required for the loan's life.

VA loans are available to eligible veterans, active military, and spouses. They offer 0% down payment and no mortgage insurance. Funding fees apply but can be financed.

Jumbo loans exceed conforming loan limits set by federal agencies. They're common in Orange County's higher-priced market. Expect stricter credit and reserve requirements.

Yes, we offer bank statement loans, 1099 loans, and profit-and-loss statement loans. These programs use alternative income documentation. Self-employed borrowers have multiple financing options.

Bank statement loans verify income through 12-24 months of bank deposits. They're ideal for self-employed borrowers or business owners. Tax returns aren't required for qualification.

DSCR loans qualify based on property cash flow, not personal income. They're perfect for real estate investors. The property's rental income must cover the mortgage payment.

Yes, we specialize in investor loans including DSCR, portfolio products, and conventional investment loans. Down payments typically start at 15-25% depending on the program.

Bridge loans provide short-term financing between property purchases. They help buyers purchase before selling their current home. Terms typically range from 6-12 months.

Closing costs typically range from 2-5% of the loan amount. They include appraisal, title insurance, escrow fees, and lender charges. We provide detailed estimates upfront.

Yes, we offer ITIN loans for borrowers without Social Security numbers. These loans help non-citizen residents achieve homeownership. Standard down payment and credit requirements apply.

A Home Equity Line of Credit lets you borrow against your home's equity. It works like a credit card with a draw period. Interest rates are typically variable.

HELOCs offer revolving credit with variable rates. Home equity loans provide lump sums with fixed rates. Both use your home as collateral and may offer tax benefits.

ARMs have interest rates that change periodically based on market indexes. They often start with lower rates than fixed mortgages. Rate adjustments occur after an initial fixed period.

Portfolio ARMs are held by lenders rather than sold to investors. They offer more flexible underwriting guidelines. They're good for borrowers with unique financial situations.

Yes, we offer foreign national loans for non-U.S. citizens buying property. These programs have special documentation requirements. Down payments typically start at 30-40%.

Asset depletion loans qualify borrowers based on liquid assets rather than income. They're ideal for retirees or asset-rich buyers. Your assets are divided over the loan term.

Hard money loans are short-term, asset-based financing. They're used for fix-and-flip projects or time-sensitive purchases. Approval focuses on property value, not credit.

Interest-only loans let you pay just interest for a set period. Principal payments begin after the interest-only period ends. They offer lower initial payments for qualified borrowers.

Yes, we offer construction loans that convert to permanent mortgages. They provide funds in stages as building progresses. Interest is paid only on disbursed amounts.

USDA loans offer 0% down financing for eligible rural and suburban properties. Income limits apply based on household size. Brea may have limited USDA-eligible areas.

Pre-approval takes 1-3 days with complete documentation. Full approval to closing typically takes 21-45 days. Timeline depends on loan type and complexity.

You'll need pay stubs, tax returns, bank statements, and ID. Self-employed borrowers may need additional business documentation. We provide a complete checklist for your loan type.

Yes, pre-approval shows sellers you're a serious buyer with verified financing. It strengthens your offer in competitive situations. The process typically takes just a few days.

PMI protects lenders when down payments are below 20% on conventional loans. It adds to your monthly payment. PMI can be removed once you reach 20% equity.

Yes, we offer rate-and-term refinances and cash-out refinances. Refinancing can lower your rate, change terms, or access equity. Current equity and credit requirements apply.

Reverse mortgages let homeowners 62+ convert home equity to income. No monthly payments are required while living there. The loan is repaid when you sell or move.

Yes, several state and county programs offer down payment assistance and reduced rates. FHA and conventional loans also have first-time buyer benefits. We'll identify all available options.

Community mortgages offer flexible guidelines for creditworthy borrowers. They may allow higher debt ratios or lower down payments. They're designed to expand homeownership access.

Equity appreciation loans share future home value increases with lenders. They offer reduced interest rates or down payment help. You'll share a percentage of appreciation upon sale.

We analyze your income, credit, down payment, and goals to recommend optimal programs. Every buyer's situation is unique. We'll explain all options and help you decide.

Brea offers excellent schools, shopping, and entertainment in Orange County. Its convenient location provides easy freeway access. The community combines suburban comfort with urban amenities.

Brokers access multiple lenders and loan programs, not just one institution. We shop for your best rate and terms. You get personalized service and more financing options.

P&L loans use year-to-date or recent profit-and-loss statements for income verification. They're faster than tax return loans for self-employed buyers. CPA preparation may be required.