Ontario, CA Mortgage Solutions - Expert Home Financing in San Bernardino County

We offer over 25 loan programs including Conventional, FHA, VA, USDA, and Jumbo loans. Self-employed options like Bank Statement and 1099 loans are also available. Rates vary by borrower profile and market conditions.

Most lenders require stable income, acceptable credit, and funds for down payment and closing costs. Minimum requirements vary by loan type. We help match you with the right program.

Credit requirements vary by loan type. FHA loans may accept scores as low as 580. 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 options. Conventional loans start at 3% down.

Closing costs typically range from 2% to 5% of the purchase price. These include appraisal, title insurance, and lender fees. Exact amounts depend on your loan type.

Conventional loans are not government-backed and typically require higher credit scores. They offer competitive rates and flexible terms. Down payments start at 3% for qualified buyers.

FHA loans are government-insured mortgages with lower down payment requirements. They accept lower credit scores than conventional loans. Down payments can be as low as 3.5%.

VA loans are available to active military, veterans, and eligible spouses. They offer zero down payment and no mortgage insurance. A Certificate of Eligibility is required.

USDA loans offer zero down payment for eligible rural and suburban properties. Income limits apply based on household size. Check property eligibility for Ontario locations.

Jumbo loans exceed conforming loan limits set by federal agencies. They finance higher-priced properties with larger loan amounts. Stricter qualification requirements typically apply.

Bank Statement loans use 12 or 24 months of bank deposits to verify income. They're ideal for self-employed borrowers without traditional tax returns. Rates vary by borrower profile and market conditions.

1099 loans are designed for independent contractors and freelancers. Income is verified through 1099 forms rather than W2s. They offer flexible documentation requirements.

Asset Depletion loans calculate income based on your investment and retirement accounts. This works well for retirees or those with significant assets. No employment verification needed.

DSCR loans are for investment properties and use rental income for qualification. Personal income is not required for approval. The property must generate sufficient rental income.

Foreign National loans help non-U.S. citizens purchase property in Ontario. No Social Security number or U.S. credit required. Larger down payments typically apply.

ITIN loans allow borrowers without Social Security numbers to qualify. You can use an Individual Taxpayer Identification Number instead. These help non-citizens achieve homeownership.

Bridge loans provide short-term financing when buying before selling your current home. They bridge the gap between purchase and sale. Terms are typically 6 to 12 months.

Hard Money loans are short-term, asset-based financing for quick closings. They're common for fix-and-flip projects or time-sensitive purchases. Approval focuses on property value over credit.

HELOCs let you borrow against your home's equity as needed. They work like a credit card with a revolving credit line. Rates are typically variable.

Home Equity Loans provide a lump sum using your home as collateral. They feature fixed rates and predictable monthly payments. They're ideal for large one-time expenses.

ARMs have interest rates that change periodically based on market conditions. Initial rates are often lower than fixed-rate mortgages. Rates vary by borrower profile and market conditions.

Interest-Only loans allow you to pay just the interest for a set period. Principal payments begin after the interest-only period ends. Monthly payments are initially lower.

Reverse Mortgages allow homeowners 62 and older to convert home equity to cash. No monthly mortgage payments are required. The loan is repaid when you sell or move.

Construction loans finance building a new home from the ground up. Funds are released in stages as construction progresses. They typically convert to permanent mortgages after completion.

Portfolio ARMs are adjustable-rate mortgages held by the lender rather than sold. They offer more flexible underwriting guidelines. Terms can be customized to borrower needs.

P&L Statement loans use your business profit and loss statements for income verification. They're designed for self-employed borrowers without full tax returns. Recent statements are required.

Investor loans are specifically for purchasing rental or investment properties. Qualification may consider rental income from the property. Different down payment requirements may apply.

Community Mortgages offer special programs for specific communities or professions. They may include down payment assistance or reduced rates. Eligibility requirements vary by program.

Conforming loans meet guidelines set by Fannie Mae and Freddie Mac. They have standardized requirements and loan limits. They typically offer competitive rates.

Pre-approval can happen within 24 to 48 hours. Full underwriting and closing typically take 30 to 45 days. Timeline varies by loan type and documentation completeness.

Pre-approval shows sellers you're a serious buyer with verified financing. It helps you understand your budget before shopping. Most Ontario agents require it.

Self-employed buyers have many loan options in Ontario. Bank Statement, 1099, and P&L loans offer alternative documentation. We specialize in self-employed financing.

Most loans require income proof, tax returns, bank statements, and identification. Self-employed programs may have alternative documentation. We provide a customized checklist.

Refinancing can lower your rate, reduce payments, or access equity. We offer rate-and-term and cash-out refinance options. Market conditions affect available rates.

PMI is required on conventional loans with less than 20% down. It protects the lender if you default. It can be removed once you reach 20% equity.

Several programs offer down payment assistance and reduced rates for first-time buyers. FHA and conventional options have low down payment requirements. We help identify available programs.

Conventional and government loans typically offer the lowest rates. Alternative programs for self-employed may have slightly higher rates. Rates vary by borrower profile and market conditions.

Rate locks protect you from increases during the loan process. Lock periods range from 30 to 60 days or longer. Timing depends on your closing date.

Discount points are upfront fees paid to lower your interest rate. Each point typically costs 1% of the loan amount. They can reduce long-term interest costs.

Local market conditions influence property values and appraisals. We stay current on San Bernardino County trends. Our expertise helps you make informed financing decisions.