San Juan Capistrano Mortgage Solutions - Expert Guidance for Orange County Homebuyers

We offer over 25 loan types including conventional, FHA, VA, jumbo, and specialized programs. Options include bank statement loans, DSCR loans, and investor financing. Rates vary by borrower profile and market conditions.

Qualification depends on credit score, income, debt-to-income ratio, and down payment. Different loan types have varying requirements. We help match you with programs that fit your financial profile.

A conventional loan is not backed by the government and typically requires good credit. Down payments range from 3% to 20%. These loans follow conforming loan limits set by Fannie Mae and Freddie Mac.

FHA loans are government-backed mortgages with lower down payment requirements. You can qualify with as little as 3.5% down. They're ideal for first-time buyers with limited savings.

Yes, VA loans are available for eligible veterans and active military members. They offer zero down payment and no PMI requirements. Rates vary by borrower profile and market conditions.

Jumbo loans exceed conforming loan limits set by federal agencies. They're common in Orange County's higher-priced market. These loans typically require larger down payments and stronger credit.

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

DSCR loans qualify you based on rental income, not personal income. The property's cash flow determines eligibility. These are popular for real estate investors in San Juan Capistrano.

Bridge loans provide short-term financing between buying and selling properties. They help you purchase before your current home sells. Terms typically last 6-12 months.

Yes, ITIN loans are available for borrowers without Social Security numbers. These programs help non-citizens purchase homes in San Juan Capistrano. Requirements vary by lender.

1099 loans are designed for independent contractors and gig workers. Income is verified through 1099 forms instead of W-2s. These programs accommodate non-traditional employment.

Hard money loans are short-term, asset-based financing backed by property value. They close faster but have higher rates. Common for fix-and-flip investors or quick transactions.

Asset depletion loans qualify you based on liquid assets, not income. Your savings and investments are converted to monthly income. Ideal for retirees or high-net-worth individuals.

Fixed rates stay the same for the loan term, providing stability. ARMs start lower but adjust periodically. Your choice depends on how long you plan to stay. Rates vary by borrower profile.

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

Home equity loans provide a lump sum based on your home's equity. You repay with fixed monthly payments over a set term. Rates are usually fixed for predictable payments.

Down payments vary by loan type, from 0% to 20% or more. FHA loans require 3.5%, conventional loans start at 3%. Larger down payments often mean better rates and lower monthly costs.

PMI protects lenders when you put down less than 20%. It's an additional monthly cost added to your payment. You can remove it once you reach 20% equity.

Minimum scores vary by loan type, typically 580-620 for FHA and 620-640 for conventional. Higher scores unlock better rates. We have programs for various credit profiles.

DTI compares your monthly debt payments to gross income. Most loans require DTI below 43-50%. Lower ratios improve approval odds and may qualify you for better terms.

Affordability depends on income, debts, down payment, and current rates. We help calculate your budget using real numbers. Pre-approval gives you an exact purchasing power range.

Closing costs include fees for appraisal, title, escrow, and lender charges. They typically run 2-5% of the loan amount. Some programs allow sellers to contribute toward these costs.

Some loan types allow closing costs to be financed into the mortgage. This increases your loan amount and monthly payment. Options depend on property type and loan program.

A rate lock guarantees your interest rate for a set period. It protects you from rate increases during processing. Lock periods typically last 30-60 days.

Conventional approvals typically take 30-45 days from application to closing. Some programs close faster, others take longer. Pre-approval speeds up the process significantly.

Pre-qualification is an estimate based on self-reported information. Pre-approval involves document verification and credit checks. Pre-approval carries more weight with sellers in competitive markets.

Yes, we offer multiple programs for self-employed buyers. Options include bank statement loans, profit and loss loans, and 1099 loans. Each program has different documentation requirements.

Typically you'll need tax returns, pay stubs, bank statements, and identification. Self-employed borrowers may need additional business documents. Requirements vary by loan program selected.

Yes, options include FHA loans, conventional low-down-payment programs, and community mortgages. Many offer reduced down payments and flexible qualification standards. We help identify the best fit.

Investment loans finance rental properties or vacation homes. They typically require larger down payments than primary residences. DSCR and portfolio loans are popular investor options.

Yes, foreign national loans are available for non-U.S. citizens. These programs don't require domestic credit history or Social Security numbers. Down payment and documentation requirements differ from traditional loans.

Construction loans finance building a new home from the ground up. They convert to permanent mortgages after construction completes. These require detailed project plans and builder qualifications.

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

USDA loan eligibility depends on property location and income limits. Some areas in Orange County may qualify. These loans offer zero down payment for eligible rural properties.

Interest-only loans let you pay just interest for an initial period. Principal payments begin after the interest-only term ends. These suit buyers expecting income increases or short-term ownership.

Refinancing makes sense when rates drop or you need cash out. It can lower payments or shorten your loan term. We analyze your situation to determine potential savings.

The best loan depends on your income type, credit, down payment, and goals. We review your complete financial picture and present suitable options. Personalized guidance ensures you select wisely.

Orange County's higher property values often require jumbo loans. Local market knowledge helps navigate competitive bidding. We specialize in programs that work for this unique market.

Yes, second home loans are available with different qualification standards. Down payments and rates differ from primary residences. The property must meet occupancy and distance requirements.

We explore alternative loan programs if initial applications are declined. Many borrowers qualify under different program guidelines. We provide guidance on improving your profile for future approval.