People are unique and so are home loan solutions.
Mortgages are not a one size fits all proposition. Let us evaluate your needs, come up with options based upon your credit, income and available funds and figure out the best way to finance your property.
It’s what we do!
“We are not tied to any single bank. We have access to programs and rates from many lenders, allowing us to find you the best deal.”Bill Lewis, Choice One Mortgage
Mortgage News Daily
Mortgage Rates Slightly Lower Week-Over-Week
Mortgage rates were modestly higher last week, but managed to improve by the end of this week following a saga of trade-related headlines. In fact, trade war drama dominated this week’s news cycle and financial market volatility.
In general, when the trade deal looked to be souring, it was a good thing for rates and bad for stocks. The only catch is that there are more than a few kinds of interest rates in the US, and mortgages weren’t benefiting from the drama nearly as much as core rates like US Treasuries. The reasons for this are complex, but they have to do with a mortgage-specific report that came out on Monday (which had to do with how quickly some newer mortgages were being paid off due to recent drops in rate–something that affects how much mortgage debt is worth to investors).
Nonetheless, bonds gained enough for mortgage rates to edge lower, even if not in proportion to US Treasuries. By the end of the week, the trade war drama was largely over and done with. The net effect could be upward pressure on rates by default next week (all other things being equal… you never know when the next source of drama will crop up).
Do you fit into any of these categories?
Do you want to fill out an online application? Our guess is probably not.
Most mortgage websites take you through a series of questions, collect your answers and then have you fill out a contact form. It’s a great way of collecting emails for marketing, but they still need to talk to you!
There are no short cuts in this business. We all need to “look under the hood” a little.
Call us, it’s a lot easier 🙂
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FREE LOAN ANALYSIS
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We will review your information and provide options, scenarios, pricing and more.
Call Now!Purchases
Choice One Mortgage specializes in helping California homeowners realize their dreams by providing the best Purchase Loan programs available on the market:
- First-time Homebuyer Programs
- Conventional Loans with as little as 3% down
- FHA loans with as little as 3.5% down
- VA Loans with no down payment
- Jumbo loans up to $3,000,000
- Most loans are serviced in-house for the life of the loan
Found a New Home Before Selling Your Current One? No Problem! We have a recasting program that allows you to put just 5% down on the new home. When your old home sells, you can use the proceeds to pay down the new home balance. We will recalculate your new loan at the lower balance using the same interest rate and time remaining on the loan. Click on this link to read about recasting your mortgage in our blog.
Purchase Loans
Buying a New Home? Get Pre-Approved Today.
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Same Day Approvals!
We work fast and will have a loan approval ready to package with your offer!
Learn More!What’s Hot in Purchase Loans?
Refinances
Choice One Mortgage specializes in helping California homeowners refinance their mortgage with the best loan programs and features available on the market:
- Lowest Rates, No Points
- Choose your own term and repay your loan in 8 to 30 years!
- Save money and payoff your home faster with our bi-weekly payment option (26 payments / year). See flyer below.
- Cash-out refinances and Debt Consolidation loans
- Most loans are serviced in-house for the life of the loan
Refinancing
Lower Your Rate or Get Cash Out for Any Reason!
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Low Rates, No Points!
We specialize in fixed rate loans up to $3,000,000 with the lowest rates in the business.
Learn More!What’s Hot in Refinances?
Award Winning Mortgage Loan Servicing
At Choice One Mortgage, we are proud of the reputation we have built over the last 24 years in business. Sure, our clients love the job we do on their loans. But, we have also aligned ourselves with great partners that provide exceptional service – long after your loan has funded! Through our partnership with Quicken Loans®, you will benefit from:
- Award Winning Loan Servicing that has been ranked #1 by JD Power for 5 years in a row in each of these categories:
- Customer interaction and communication
- Lowest servicing fees
- Ease of billing and payment
- Escrow account options for taxes and insurance
- New customer on-boarding and orientation
- Most common loan services are FREE!
- Bi-weekly payment option – $0 (competitors often charge up to $104 / year for this service).
- Check by phone – $0
- Copy fees- $0
- Expedited Document Delivery- $0
- Expedited Payoff Statement- $0
- Loan History- $0
- Payoff Wire Fee- $0
- U.S.-based Customer Service
- Experience best-in-class customer service, with a team ranked highest in customer satisfaction.
- When you call Customer Service for any reason, your call will be handled by a friendly rep right here in the good old USA!
- You will also have access to an online loan servicing platform that is second to none – even from your Mobile Device!
More Cool Things That Set Us Apart
- Create Your Own “Yourgage” – refinance into today’s low rates without having to start your mortgage term over. You pick your term from 8 to 30 years.
- Recast Your Mortgage – We offer the ability to recast your loan – without having to refinance! And, you can do it as many times as like over the life of the loan.
- PMI Advantage program – eliminates PMI altogether and lowers your monthly payment.
- Exceptional Jumbo programs!
- Loan amounts from $484,351 up to $3,000,000 for a primary residence (up to $2,000,000 for a 2nd home).
- As little as 10% down
- No Mortgage Insurance!
- Fixed and Adjustable Rate Programs with very competitive rates.
- Cash-out Refi’s with up to $750,000 in your hand.
- Credit Scores as low as 700
- Only one appraisal required for loan amounts up to $1,500,000
- 1-2 unit properties
- Up to 8 financed properties allowed!
- Escrow waiver eligible on many loans up to 95% LTV. Most lenders require you to impound your taxes and insurance for LTVs > 80%. So if you like paying your own taxes and insurance, we may be able to accommodate you in unique ways!
- We also have access to the lowest PMI rates in the industry. So for loans where Private Mortgage Insurance is required, we can pass this savings on to you!
- New Construction Condo Program – 1) We only need 25% pre-sale requirement (most lenders need over 50% of units to be complete and sold). 2) We only need the building your unit is in to be complete – not the entire complex. 3) No pricing hit for non-warrantable condos!
Good Stuff in our Mortgage Blog
New Construction Condominium Mortgage – we have you covered!
April 17, 2019Choice One Mortgage Fresh Start Program
April 3, 2019Recalculate Your Mortgage Payment at a Lower Balance – without Refinancing!
April 3, 2019Choice One Mortgage has Partnered with Quicken Loans!
February 2, 20192019 Riverside County Conforming Loan Limit
January 30, 2019Important Facts about Credit Reports and Credit Scores
January 20, 2019Credit Re-Establishment Periods for Mortgages
January 19, 2019Mortgage Products – What’s Right For Me?
January 10, 2019Understanding APR or Annual Percentage Rate
December 6, 2018La Quinta Refinance – 5 Tips to Help You Get the Best Mortgage
December 4, 2018La Quinta Purchase Mortgage – Some Do’s and Don’ts and Great Tips to Help You Get the Best Loan
November 17, 2018Joint Tenancy vs. Community Property
November 9, 2018What is Title Insurance and why do I need it?
November 5, 2018Closing Costs when buying a home
November 3, 2018Indio Refinance – 5 Tips to Help You Get the Best Mortgage
November 2, 2018Learn More
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