Los Alamitos Mortgage Broker - Expert Home Loan Guidance in Orange County

We offer over 25 loan types including Conventional, FHA, VA, Jumbo, and specialized programs. Our brokers match you with the best option for your needs. Rates vary by borrower profile and market conditions.

You need stable income, acceptable credit, and funds for down payment. We review your complete financial picture to find qualifying loan programs. Many options exist for different credit profiles.

Conventional loans are not backed by the government and typically require good credit. They often need a 3-20% down payment. These loans work well for borrowers with strong finances.

FHA loans help first-time buyers and those with lower credit scores. They require just 3.5% down with qualifying credit. These government-backed loans have flexible qualification standards.

VA loans serve active military, veterans, and eligible spouses. They offer zero down payment and no mortgage insurance. You need a Certificate of Eligibility to apply.

Jumbo loans exceed conventional loan limits for higher-priced properties. They typically require larger down payments and stronger credit. Rates vary by borrower profile and market conditions.

USDA loans serve eligible rural and suburban areas with zero down payment. Los Alamitos may not qualify as it's an urban area. We can verify eligibility for your specific property location.

Bank statement loans use deposits instead of tax returns for income verification. They're ideal for self-employed borrowers or business owners. We typically need 12-24 months of statements.

1099 loans help independent contractors qualify using 1099 income forms. They offer flexibility for non-traditional employment situations. These programs evaluate your consistent contract income.

DSCR loans qualify investors based on rental income, not personal income. The property's cash flow determines approval. These work great for real estate investors building portfolios.

Yes, we offer Foreign National loans for non-U.S. citizens buying property. These programs don't require a Social Security number. Larger down payments are typically needed.

ITIN loans help borrowers without Social Security numbers qualify for mortgages. You use an Individual Taxpayer Identification Number instead. These programs have specific documentation requirements.

ARMs start with lower rates that adjust after an initial fixed period. They work well if you plan to move or refinance soon. Rates vary by borrower profile and market conditions.

Interest-only loans let you pay just interest for a set period. This lowers initial payments but doesn't reduce principal. They suit borrowers expecting income increases or short ownership periods.

Bridge loans provide short-term financing between buying and selling properties. They help you purchase before your current home sells. These typically have higher rates and shorter terms.

Hard money loans focus on property value rather than credit scores. They close quickly but have higher rates and fees. These work for fix-and-flip investors or unique situations.

A Home Equity Line of Credit lets you borrow against home equity. You draw funds as needed during the draw period. Interest rates are typically variable.

Home equity loans provide a lump sum based on your equity. You repay with fixed monthly payments over a set term. These often have lower rates than personal loans.

Construction loans fund building a new home with short-term financing. They convert to permanent mortgages after construction completes. These require detailed builder and project documentation.

Minimum scores vary by loan type, from 500 for some FHA loans to 620+ for conventional. Higher scores get better rates. We have programs for various credit levels.

Down payments range from 0% for VA and USDA to 20% for conventional loans. FHA requires just 3.5% down. Your loan type and profile determine requirements.

Mortgage insurance protects lenders when down payments are below 20%. FHA loans require it for the loan life. Conventional PMI can be removed after reaching 20% equity.

Closing costs typically run 2-5% of the loan amount in Orange County. They include appraisal, title, escrow, and lender fees. We provide detailed estimates early in the process.

Some loan types allow financing closing costs into the principal balance. This increases your loan amount and monthly payment. Seller concessions can also help cover costs.

Pre-approval takes 1-3 days with complete documentation. Full approval and closing typically take 30-45 days. Hard money and bridge loans can close much faster.

A pre-approval letter shows sellers you're a serious, qualified buyer. We verify income, assets, and credit before issuing one. This strengthens your offer in competitive markets.

Yes, we offer multiple programs for self-employed buyers in Los Alamitos. Bank statement and P&L loans provide alternatives to traditional documentation. We find solutions that match your income structure.

P&L loans use business financial statements instead of tax returns. They help self-employed borrowers who write off significant expenses. A CPA-prepared P&L is typically required.

Asset depletion loans qualify you based on liquid assets rather than income. Your assets are divided by the loan term to calculate qualifying income. These suit retirees or wealthy borrowers.

Yes, reverse mortgages let homeowners 62+ convert equity into cash. No monthly payments are required while living there. The loan is repaid when you sell or move.

Portfolio ARMs are adjustable rate mortgages held by lenders, not sold. They offer more flexible qualification standards. These work well for non-traditional borrowers.

Community mortgages offer flexible qualification for low and moderate-income buyers. They may include down payment assistance or reduced fees. These programs support affordable homeownership initiatives.

Investor loans finance rental or investment properties in Los Alamitos. They typically require larger down payments than primary residence loans. DSCR loans are popular investor options.

Conventional loans often have the lowest rates for qualified borrowers. Specialized programs may carry higher rates for added flexibility. Rates vary by borrower profile and market conditions.

Yes, many programs work with previous bankruptcies, foreclosures, or late payments. Waiting periods vary by loan type and circumstance. We help rebuild credit and find qualifying options.

You'll need income proof, bank statements, tax returns, and identification. Self-employed borrowers may need additional business documents. We provide a complete checklist for your loan type.

Brokers access multiple lenders and programs, not just one bank's products. We shop rates and terms to find your best option. This saves you time and often money.

Los Alamitos offers excellent schools, central Orange County location, and community charm. The city provides easy access to employment centers and beaches. It's ideal for families and professionals.

Yes, we handle rate-and-term refinances and cash-out refinances. Refinancing can lower payments or access equity for other goals. Current rates and equity determine your options.

Equity appreciation loans share future home value increases with the lender. They offer lower payments or rates in exchange. These are less common but available for specific situations.