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Mortgage Loans

Loans, Loans, Loans....

In addition to being a reverse mortgage consultant I also do purchase loans and refinances for Thousand Oaks mortgages. They can be conventional, VA loans or FHA mortgage loans. They can be conventional, FHA or VA.  Call me for a cost comparison or for a free quote.

If you are not doing a reverse mortgage I’ll help find the right loan for you. You do have a lot of choices:


  • Conforming loan: A Mortgage Loan that conforms the Government Sponsored Enterprise guidelines like the down payement, credit score and size of the loan which being currently limited at $417,000.00.
  • Fixed rate loans: A loan that operates at the same interest rate and payment throughout life of the loan and offers different amortization periods
  • Adjustable rate mortgage: A loan with aninterest rate that usually changes with type of index and loan period of the loan program, but requires only lower payments in first few years.
  • Hybrid loan: A loan that applies to the fixed period and an adjustable period
  • Jumbo loan: A loan that works with an amount above the $417,000.00 conforming loan limit. Has a higher interest rate & high credit quality
  • Super jumbo loan: residential mortgage or other home-equity secured loan in an amount greater than $650,000
  • Conventional Loan:  A loan secured by investors, but neither insured by the FHA nor guaranteed by VA, but is available for fixed rate loans and adjustable rate mortgages. 
  • Governmental loan: a loan backed by the government that protects lenders against defaults on payments. It’s an easier way for lenders to offer potential borrowers lower interest rates. 

Let's examine the key differences in the various financing types....

If the amount of the down payment is a concern then maybe a FHA or VA loan is right for you. An FHA loan in the conejo Valley area is easier to qualify for than a conventional loan and the down payment is only 3 ½% of the loan amount compared to 5%, 10% 15% or 20% for conventional loans.

As a result FHA loans have become quite popular in the last few years. A Thousand Oaks FHA loan is prefferably best for a Thousand Oaks Mortgage. Even a VA Loan for works well for veteran and it offers no down payment. Both FHA and VA loans usually have lower interest rates than a comparable thirty year fixed rate loan. Whew! You’ll find that they’re so many loans that are avaialbe So what is the best Thousand Oaks mortgage for you? 


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