California Home Loans
Welcome to Cypress Realty & Mortgage, a small Full Service Real Estate Brokerage in Carlsbad, California. Our clients receive personalized and focused attention. We have been in business for 25 years and have helped all sorts of people at all income levels find their dream home. We specialize in mortgages and real estate in California. Below are some of the California Home Loan options we provide. Whatever your situation, we will find a home loan option for you. Contact us for a free home loan consultation.
Reverse Mortgages are a great option for people 62 years or older with equity in their home. A reverse mortgage can help retirees keep the same standard of living they have become accustomed to. This option will enable the homeowner to benefit from the equity in their home by receiving monthly payments. This money can be used for anything they like, even purchasing a vacation home. The reverse mortgage will be repaid when the home is sold. This type of reverse mortgage is known as a home equity conversion mortgage or HECM. There are other types of reverse mortgages available. Contact us and we will advise you on the best option for your situation.
FHA or Federal Housing Administration home loans are government backed. These loans are for people with credit that is not stellar or the first time home buyer. An FHA Home Loan can also be for anyone who does not have a large amount of cash for a down payment. The down payment for an FHA home loan is only 3.5%. Mortgage insurance is typically lower in an FHA home loan versus a conventional home loan. There are also options available to use part of the home loan for improvements in the event you purchase a home that needs upgrades. Whether or not you think this loan is for you, be sure to ask us first before making your decision.
VA Home Loans are guaranteed to the lender from the US government and are only available to people who are serving or have served in the military. In some instances, surviving spouses are eligible. The guarantee to lender makes qualifying less stringent than a conventional loan. The VA Home Loan program has become a huge incentive to join the military. The VA Home Loan program is largely responsible for the success of returning troops from WWII in the 40′s. We have helped more people get their VA Loan than a typical Mortgage Brokerage due to our proximity to Camp Pendleton. Give us a call or fill out the form above. We will discuss your situation and let you know if you qualify.
If you have a Fannie Mae or Freddie Mac home loan and owe more than the house is worth, the HARP II (Home Affordable Refinance Program) could be for you. It is a government program put together by the Obama administration to help underwater home owners. There is no limit to the negative equity in your home to qualify. Lower your monthly mortgage payments, lower your interest rate, and avoid foreclosure. The HARP program has helped people across the country keep their home and protect their credit. Contact us for a free HARP II consultation.