Loan Assumptions in CA | iloanca

Loan Assumptions Refinance

10,15,20 and 30-Year Fixed loan up to $726,200.00 – First Mortgage

Disclosed rate assumes a $350,000 loan amount, rate and term refinance loan with 0 points and a $0 loan origination fee on an owner-occupied single-family residence in California zip code 92612, minimum 760 FICO credit score, under 60% loan to value with no subordinate debt. An escrow account may be required to obtain these rates. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. The Borrower is responsible for paying: prepaid interest, property taxes, state mortgage/transfer taxes, all types of insurance, existing lender payoff fees, survey fees, inspection or appraisal fees, title insurance, Escrow, recording fees, and discount points Minimum loan amount $300,000.

Pricing does not get updated daily with the market. The rates being shown are from 01/05/2023. Please call to obtain the most updated pricing based on your loan scenario.

10, 15, 20, and 30-Year Fixed $726,201.00 to $1,089,200.00 – First Mortgage

Disclosed rate assumes a $552,000 rate and term refinance loan with 0 points and a $0 loan origination fee on an owner-occupied single-family residence in California zip code 92612, minimum 740 FICO credit score, under 60% loan to value with no subordinate debt. An escrow account may be required to obtain these rates. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. The Borrower is responsible for paying: prepaid interest, property taxes, state mortgage/transfer taxes, all types of insurance, existing lender payoff fees, survey fees, inspection or appraisal fees, title insurance, Escrow, recording fees, and discount points.

Pricing does not get updated daily with the market. The rates being shown are from 01/05/2023. Please call to obtain the most updated pricing based on your loan scenario.

Jumbo Mortgages – First Mortgage

Disclosed rate based on a 30-year fixed-rate mortgage of $1,089,201 and up, rate and term refinance loan on an owner-occupied single-family residence in California, with no subordinate debt, and the appraised value of the subject property sets the loan-to-value (LTV) to a maximum of 60%, the borrower has a 700 FICO score, a debt-to-income ratio of less than 43%, owns no other properties, is a U.S. Citizen and at least one borrower is self-employed. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval including, but not limited to, verification of acceptable income, assets, and collateral. Not all applicants will qualify.

Pricing does not get updated daily with the market. The rates being shown are from 01/05/2023. Please call to obtain the most updated pricing based on your loan scenario.

Loan Assumptions Purchase

10,15,20 and 30 Year Fixed loan up to $726,200.00 or county limit.

Disclosed rate assumes a $500,000 loan amount, purchase loan with 0 points, and a $0 loan origination fee on an owner-occupied single-family residence in California zip code 92612, minimum 760 FICO credit score, under 60% loan to value with no subordinate debt. An escrow account may be required to obtain these rates. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. The Borrower is responsible for paying: prepaid interest, property taxes, state mortgage/transfer taxes, all types of insurance, existing lender payoff fees, survey fees, inspection or appraisal fees, title insurance, Escrow, recording fees, and discount points. Third-party fees that are set by the seller’s Escrow are not included in the APR quoted. Third-party fees include but are not limited to Escrow, Title, Notary, County recording fees, transfer fees, etc… Minimum loan amount $500,000.

Pricing does not get updated daily with the market. The rates being shown are from 01/05/2023. Please call to obtain the most updated pricing based on your loan scenario.

10, 15, 20, and 30 Year Fixed $726,201 to $1,089,200 or county limit.

Disclosed rate assumes a $700,000 purchase loan with 0 points and a $0 loan origination fee on an owner-occupied single-family residence in California zip code 92612, minimum 740 FICO credit score, under 60% loan to value with no subordinate debt. An escrow account may be required to obtain these rates. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. The Borrower is responsible for paying: prepaid interest, property taxes, state mortgage/transfer taxes, all types of insurance, existing lender payoff fees, survey fees, inspection or appraisal fees, title insurance, Escrow, recording fees, and discount points. Third-party fees that are set by the seller’s Escrow are not included in the APR quoted. Third-party fees include but are not limited to Escrow, Title, Notary, County recording fees, transfer fees, etc…

Pricing does not get updated daily with the market. The rates being shown are from 01/05/2023. Please call to obtain the most updated pricing based on your loan scenario.

Jumbo Mortgages

Disclosed rate based on a 30-year fixed-rate mortgage of $,1000,000 and up, purchase loan on an owner-occupied single-family residence in California, with no subordinate or second lien debt, and the appraised value of the subject property sets the loan-to-value (LTV) to a maximum of 60%, the borrower has a 700 FICO score, a debt-to-income ratio of less than 43%, owns no other properties, is a U.S. Citizen and at least one borrower is self-employed. If these factors are not met, you may still qualify for a loan. Third-party fees that are set by the seller’s Escrow are not included in the APR quoted. Third-party fees include but are not limited to Escrow, Title, Notary, County recording fees, transfer fees, etc… Subject to underwriting approval including, but not limited to, verification of acceptable income, assets, and collateral. Not all applicants will qualify.

Pricing does not get updated daily with the market. The rates being shown are from 01/05/2023. Please call to obtain the most updated pricing based on your loan scenario

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