Mortgage Loans in Placentia, Orange County - Expert Local Guidance

We offer 25+ loan types including conventional, FHA, VA, jumbo, and specialized programs. Options range from standard conforming loans to bank statement and ITIN loans for unique situations.

Begin with a pre-approval by providing income, asset, and credit information. We review your profile and recommend the best loan options for your situation.

Minimum scores vary by loan type. FHA loans may accept scores as low as 580, while conventional loans typically require 620 or higher.

Down payments range from 0% to 20% depending on the loan program. VA and USDA loans offer zero down, while FHA requires just 3.5%.

A conventional loan is not backed by the government. It typically requires good credit and offers competitive rates for qualified borrowers.

FHA loans are government-insured mortgages with lower down payment requirements. They work well for first-time buyers and those with modest credit.

Yes, eligible veterans and active military can use VA loans in Placentia. These loans offer zero down payment and no mortgage insurance requirements.

Jumbo loans exceed conforming loan limits set by federal agencies. They typically require larger down payments and stronger credit profiles.

Yes, we offer bank statement loans, 1099 loans, and profit and loss statement loans. These programs use alternative income documentation for self-employed borrowers.

Bank statement loans use 12 or 24 months of bank deposits to verify income. They help self-employed borrowers who lack traditional tax returns.

DSCR loans are for investment properties and use rental income for qualification. Personal income verification is not required for approval.

Yes, our foreign national loans help non-U.S. citizens purchase property. These programs have specific documentation and down payment requirements.

ITIN loans serve borrowers without Social Security numbers who have Individual Taxpayer ID numbers. These programs allow non-citizens to purchase homes.

ARMs have interest rates that change after an initial fixed period. They often start with lower rates than fixed-rate mortgages.

A Home Equity Line of Credit lets you borrow against home equity as needed. It works like a credit card secured by your property.

Home equity loans provide lump-sum cash using your property equity. They have fixed rates and regular monthly payments.

Closing costs typically range from 2% to 5% of the loan amount. They include appraisal, title, escrow, and lender fees.

Yes, we offer investor loans and DSCR loans for rental properties. These programs have different requirements than primary residence loans.

Bridge loans provide short-term financing between property purchases. They help when you need to buy before selling your current home.

Yes, hard money loans offer fast funding based on property value. They work well for fix-and-flip projects and time-sensitive purchases.

Typical documents include pay stubs, tax returns, bank statements, and ID. Self-employed borrowers may need additional business documentation.

Pre-approval can happen in one day. Full approval and closing typically take 21 to 45 days depending on loan complexity.

Mortgage insurance protects lenders when down payments are below 20%. FHA loans require it for the loan life, conventional loans allow removal.

Yes, refinancing can lower your rate or access equity. We offer rate-and-term and cash-out refinance options.

Interest-only loans let you pay just interest for an initial period. Principal payments begin after the interest-only term ends.

USDA loans are for rural areas, and Placentia may not qualify. Check eligibility based on property location and income limits.

Construction loans fund new home builds or major renovations. They convert to permanent mortgages after construction completes.

Asset depletion loans use savings and investments to qualify. They work for retirees or buyers with substantial assets but limited income.

Yes, homeowners 62 and older can access equity through reverse mortgages. No monthly payments are required while living in the home.

Portfolio ARMs are adjustable mortgages held by the lender, not sold. They offer flexible terms for borrowers with unique situations.

Orange County property taxes are approximately 1.1% of assessed value annually. Taxes are typically paid through monthly mortgage escrow accounts.

Conforming loans meet federal agency guidelines and loan limits. They typically offer the best rates for qualified borrowers.

Yes, rate locks protect your quoted rate during the loan process. Lock periods typically range from 30 to 60 days.

Discount points are upfront fees paid to lower your interest rate. One point equals 1% of the loan amount.

Affordability depends on income, debts, down payment, and credit. We help you determine a comfortable budget before house hunting.

DTI compares monthly debt payments to gross income. Most loans require DTI below 43% to 50% depending on the program.

Yes, FHA and community mortgage programs help first-time buyers. These often feature low down payments and flexible credit requirements.

At closing, you sign final documents and pay closing costs. You receive keys once all funds are transferred and documents recorded.

Yes, rates vary by borrower profile and market conditions. Credit score, loan type, and down payment all affect your rate.

Local brokers understand Orange County market conditions and have relationships with regional lenders. This can mean better service and faster closings.