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Tailored Home Loans offers a variety of first-time home buyer programs and refinancing programs that help you afford a home in California, specializing in Orange and Los Angeles County.

Stop paying someone else’s mortgage and building someone else’s home equity, instead build your own equity. What is home equity? Home equity is the current market value of your home, minus what you owe on your home. You build equity when the market value of your home increases over time and when you bring down the principal balance of your loan.

California Home Buyers

There are several types of California home loans that exist, Conventional loans, FHA loans, VA loans, Fixed-Rate Loans, Adjustable-Rate Mortgages, Jumbo Loans, Reverse Senior Mortgages, Refinance Options, California VA Loan. Each mortgage loan may require certain down payments or specify standards for the loan amount, mortgage insurance, and interest. Learn all about the different types of  home-buying options that are offered.

California Home Loan Options

4 Benefits of Buying a Home in California

+ Save Money

Put a stop to paying an inflated rent, because you know that most California rental properties rely on profits and you are most likely paying more money than you should be.

+ Investment = Home Equity

Buying a home means you’re in a long-term commitment which can build long-term wealth. As long as you making are monthly payments and lowering the principal balance of the loan, you’re building equity in the property.

+ Privacy

Need we say more? Enjoy an ambiance that you create in the privacy of your own home. Do whatever you, whenever you want. Crank up the music, invite friends over, throw a party or whatever you want do because before you had other people living with you, but now you won’t.

+ Customization

Being a homeowner gives you the opportunity to modify or change whatever you want to you own liking. You no longer need to ask for permission from your landlord.

Helping veterans benefit from a California VA Home Loan to purchase a property with no down payment (100% financing), as your primary residence or refinance an existing mortgage for a larger amount than the existing note and convert home equity into cash. If you’re worried about your FICO score, many times we can advise you of steps to take to raise your score and get yourself qualified to buy. For further advice on a VA loan process, call us today.

Learn how to qualify for a California VA (Veterans Affairs) home loan

Let’s get you pre-qualified, so you can place an offer on your dream home! 

Step 1 of 5

Pre-Approval is the ability to buy a home with confidence.

Being the winning offer over other potential buyers to get the perfect new home sometimes comes down to being able to act quickly. Sellers prefer a buyer who can make an offer that stands on a solid financial footing. A pre-approval allows you to make an offer on a home with the self-assurance that you are able to secure financing without delay. It’s the easiest way to make certain you don’t miss out on the perfect home. If you would like to be a first-time home buyer, but are hesitant to buy a home because of your credit, don’t worry, there are a variety of home loan programs that you may qualify for. Don’t let your financial situation or credit score stop you from trying. Tailored home Loans has a lot of referrals from other financial institutions that can’t get the loan approved sent over to our team because of our extensive experience and converting them into qualified loans.

I would like to buy a home, do I need a Conventional Loan or FHA Loan?

First you need to see what you qualify for. This is when your credit history and credit score fall into place. Hopefully you paid your bills on time and built a good credit score, but not to worry if you didn’t because you can still get a loan with at least a 580 credit score. Now this divides you into two categories, will a Conventional Loan or an FHA (Federal Housing Administration) loan work for you? That depends on your FICO score, so if you have a credit score of 620 or more, then you may qualify for a Conventional Loan, you will need a minimum down payment of at least 3%. If your score is 500 or more then you may qualify for an FHA loan, which you will need a minimum down payment of at least 3.5%.

 

FHA vs Conventional Comparison Chart

California Discloure Laws

California law requires every seller to provide the potential buyer with a Real Estate Transfer Disclosure Statement. A transfer disclosure statement (TDS) is required by California law in section 1102 of the California Civil Code. On this pre-printed form, the seller is required to disclose all known problems with the property, such as: structural defects, problems with the roof, windows, air conditioning, heating, plumbing, mechanical and electrical systems, water damage, noise problems (schools, bands, airplanes, etc..), easements, environmental hazards, zoning and permit violations, taxes, fire, flooding, etc… A Seller cannot deny they were unaware of a problem, because the seller is required to perform his or her own inspection of the property. A buyer should always carefully review the disclosure statement.

10 MOST AFFORDABLE CITIES IN CALIFORNIA

Bakersfield, Fontana, Chico, Oxnard, Ventura, Simi Valley, Vacaville, Camarillo, Oxnard, Redlands

13 MOST EXPENSIVE CITIES IN CALIFORNIA

San Francisco, Atherton, Santa Monica, Beverly Hills,  Palo Alto, Los Altos, Montecito, Laguna Beach, Newport Beach, San Diego, Malibu, Rancho Santa Fe, Coronado

CALIFORNIA FUN FACTS

  • California became a state on September 9, 1850
  • California is the third largest state in area and the largest in population.
  • California is also known as the Golden state because it traces back to the discovery of gold in 1848 and also the beautiful fields of golden poppies which blooms each spring throughout the state.
  • Major California industries include the growing of citrus fruits and grapes, fishing, oil production, electronics, information technology, and movie production.
  • The state takes its name from Queen Califia, a character in the book “Las Sergas de Esplandián” written by Garci Rodriguez de Montalvo. (although this topic is still controversial)
  • San Bernardino County, in California, is the largest county in the country, totalling nearly three million acres.

 

Calculate your monthly mortgage payment. Mortgage Calculator with taxes and insurance.Calculate your estimated monthly mortgage payment, including taxes, homeowner insurance, principal & interest. This is an estimated value only, for accurate figures please apply for a home loan.

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