Shopping for home loans in Los Angeles can feel overwhelming. Mortgage rates often run high across the City of Angels. This situation discourages many first-time homebuyers with average credit scores. High debt-to-income ratios also create challenges for local buyers.
We assist Los Angeles borrowers with prime and non-prime financing options. Our team helps you purchase property affordably throughout the L.A. metro area. Through our established network of accredited lenders, we connect you with affordable loan categories:
Prime Home Loans Los Angeles
- Conventional: These conforming loans fit limits set by Fannie Mae and Freddie Mac. Down payments range up to 20%. Furthermore, standard terms span 10 to 30 years.
- VA: Military veterans and spouses can apply for a federally-backed VA loan. These options require zero down payment. Additionally, you do not need monthly mortgage insurance.
- FHA: First-time buyers often choose federally-backed FHA loans. Qualified buyers secure low 3.5% down payments easily. Even borrowers with less-than-perfect credit can qualify.
- Reverse Mortgage: Homeowners can access equity using a reverse mortgage option. Consequently, this program provides extra cash flow for other needs.
- Jumbo: A jumbo loan exceeds standard conforming loan limits. In high-cost cities like Los Angeles, these loans are very common.
Non-Prime Home Loans Los Angeles
Hard Money Loans: Borrowers with low credit often choose hard money loans. We ensure you secure affordable hard money rates across Los Angeles.
Stated Income Loans: These stated income loans require no formal income verification. Consequently, this option helps you bypass complex paperwork quickly.
Bridge Loans: Buying one property while selling another creates a financial gap. A Los Angeles bridge loan covers this transition period easily.
Bad Credit Loans: We offer specialized bad credit home loans in Los Angeles. Furthermore, we help you secure competitive terms and low fees.
Commercial Mortgage Loans Los Angeles
Searching for a commercial loan in Los Angeles is a major business decision. Your chosen loan terms will directly impact your financial bottom line for years.
Consequently, choosing the right commercial mortgage is an investment in your company’s future. Furthermore, business owners can choose from several loan structures today.
Common Types of Commercial Loans
Fixed Rate Mortgage (FRM): Your interest rate and monthly payments stay completely constant throughout the entire loan term.
Adjustable Rate Mortgage (ARM): Interest rates fluctuate periodically based on broader market trends and economic conditions.
Balloon Mortgage: You pay low monthly installments initially, followed by a final lump-sum payment at loan maturity.
Interest Only Mortgage: Monthly payments cover only interest charges for an initial period, lowering your upfront costs.
Contact Pacshores for Home Loans in Los Angeles Today
We cannot wait to work with you and help you find the affordable Los Angeles home loan that you need to put down roots in our beautiful city.
If you are shopping for home loans in Los Angeles, you have probably discovered that mortgage rates run high in the City of Angels. This can be discouraging, especially if you happen to be a first time homebuyer or your debt-to-income ratio is not ideal (an all-too-common situation in L.A.).
We help Los Angeles borrowers to find the prime and non-prime mortgages they need to purchase property affordably in the L.A. metropolitan area. With an established network of accredited lenders, we can hook you up with an affordable loan in any of the following categories:
Prime Home Loans Los Angeles
- Conventional: These are conforming loans which fit within the limits set by Fannie Mae and Freddie Mac. Down payments may range up to 20%, and loan terms typically span 10-30 years.
- VA: Military veterans and spouses can apply for a federally-backed VA loan. With a VA loan, you do not need mortgage insurance, and you can enjoy zero down payment.
- FHA: First time homebuyers can apply for a federally-backed FHA loan and qualify for a 3.5% down payment and friendly loan terms. An FHA loan may even be available to you with less-than-perfect credit.
- Reverse Mortgage: If you need extra cash flow, a reverse mortgage can help you to pull equity out of your home for other purposes.
- Jumbo: A jumbo loan is any home loan which does not fit within the conforming loan limits. In a high-cost city like Los Angeles, jumbo loans are common.
Non-Prime Home Loans Los Angeles
- Hard Money Loans: Borrowers with low credit may turn to hard money loans in order to finance their home purchases. We can ensure you are getting the most affordable hard money loans in L.A.
- Stated Income Loans: With this type of home loan, you do not need to provide income verification. In some situations, this may help you cut through red tape.
- Bridge Loans: If you are buying one property while selling another, a Los Angeles bridge loan may help you to cover the interval in between.
- Bad Credit Loans: These are home loans in Los Angeles which are specifically offered to customers who have bad credit ratings. It can be hard to get good terms and low fees on these types of Los Angeles home loans, but we can ensure you are getting the best possible deal.
Commercial Mortgage Loans Los Angeles
If you are looking for a commercial loan in Los Angeles, you are getting ready to make a major business decision, one which will impact your bottom line over the years to come. Indeed, the commercial loan rates and terms you decide on now could have great ramifications later down the line. In that sense, regardless of your planned use for the land or structure you are seeking to acquire, a commercial mortgage is an investment in your business’s future. There are many different types of commercial loans available for them. Here are some of the various kinds and what they are used for.- Fixed Rate Mortgage (FRM)
- Adjustable Rate Mortgage (ARM)
- Balloon Mortgage
- Interest Only Mortgage