Bridgepoint Funding offers many types of mortgage loans for first-time home buyers in California. Our financing experts can guide you through the loan process, from application to closing.
There’s a good chance we can get you pre-approved before you even start shopping for a home. This will give you a much-needed advantage in the marketplace. Some of our loan programs are well suited for first-time home buyers, because they offer flexible qualification criteria and low down payments.
We have helped many California first-time home buyers get mortgage loans, and we welcome the opportunity to help you as well. Contact our team today to get started.
Mortgage Loans for California First-Time Buyers
There are many different types of mortgage loans for first-time home buyers in California, and they all have their pros and cons. Here are some of the most popular financing options used by borrowers in the Golden State:
These government-insured loans are ideal for California home buyers who are trying to minimize their down-payment expense. With this program, you could buy a house with as little as 3.5% down. That’s the minimum down payment for the FHA loan program.
The standard 30-year fixed-rate mortgage (FRM) is the most popular home loan option for California first-time buyers, and with good reason. It is the most secure and predictable type of loan. With a fixed-rate mortgage, you have the comfort of knowing that your interest rate and monthly payments will stay the same over the long term, even if you keep the loan for the full 30 years. (More: fixed vs. adjustable loans)
This is arguably the best mortgage program for military members and veterans. California first-time home buyers who qualify for this home loan program could purchase a house with no down payment and no PMI. Those are major benefits. If you’re a military member or veteran, please contact us to see if you qualify for VA mortgage financing.
These are just a few of the different mortgage loans for first-time home buyers in California. There are other options as well. If you’re not sure which one is right for you, contact our friendly and knowledgeable staff. We can help you find a mortgage product or program that meets your specific needs. We take pride in our ability to help first-time buyers, and we look forward to helping you as well!