Home Loans for Real Estate in California

At Mid Valley Financial, we understand that purchasing a home is a significant decision and a crucial step toward building long-term wealth. We believe that investing in homeownership can be a wise financial move that provides long-term benefits for you and your family. That's why we offer a range of residential home loan options that cater to buyers at every step of their homeownership journey.

Whether you're dreaming of being a first-time homeowner, retiring near the beach, or up in the California Sierra's, we can help. Our team of experienced loan officers with over 300 years of combined lending experience can guide you through a variety of conventional and non-conventional home loan options to find the best solution for your unique financial situation.

Choose Mid Valley Financial for your residential home loan and enjoy fast loan funding, same-day pre-approvals, competitive rates, and flexible terms. Our streamlined loan processes, flexible underwriting criteria and advanced technology can have you funded faster than at any time in recent history.

Ready to get started? Contact us today to learn more about our residential home loan options and how we help clients achieve the dream of homeownership every day.

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Conventional Home Loans

Conventional loans are mortgage loans offered by non-government-sponsored lenders. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate.

While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options.

Loan Programs:

  • Fannie Mae and Freddie Mac
  • Home Ready and Home Possible
  • Home One
  • Physician Loans
  • General Loan Parameters:

    • Maximum Loan Amount: $726,200 to $1,089,300 (County Specific)
    • 3%- Low Down Payment Option
    • Credit Score: Minimum 620
    • No Mortgage Insurance (PMI) Options
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    FHA Home Loans

    FHA loans are an attractive option, especially for first-time home buyers, because these loans are insured by the Federal Housing Administration (FHA). Primarily, the federal government insures loans for FHA-approved lenders to reduce their risk of loss if a borrower defaults on their mortgage payments. Typically a borrower can be approved with a 3.5% downpayment vs. the 10-20% typically required with conventional home loan programs

    Loan Programs:

    • Fixed and Adjustable Rates
    • 15-30 Year Terms
    • Low Down Payment Options
    • Energy-Efficient Mortgage Loan
    • One-Time Close Construction Loans

    General Loan Parameters:

    • Maximum Loan Amount:  $472,300 to $1,089,300 (County Specific)
    • Minimum Down Payment: 3.5 % (max LTV 96.5%)
    • FICO Score: 580 (less than 580, max LTV of 90%)
    VA Residential

    VA Home Loans

    A VA Loan is Designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.

    Loan Programs:

  • VA Fixed and ARM
  • VA Steramline
  • General Loan Parameters:

  • Loan Amount: $75,000 to $484,350
  • Max LTV: 100%
  • Credit Score: Minimum 620
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    Jumbo Home Loans

    Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom-construction homes. Typically Jumbo Loans require a higher down payment than traditional loans.

    Loan Programs:

  • Nationwide High Balance
  • VA Jumbo
  • Conventional Jumbo
  • General Loan Parameters:

  • Loan Amount: $484,351 to $3,000,000
  • Up to 90% LTV
  • Credit Score: Minimum 680
  • Primary and Second Homes
  • Construction

    Construction Loans

    A construction loan is a short-term, interim loan to pay for the building of a house. They are typically short term with a maximum of one year to complete building of home. With our Single-Close loan option, temporary construction loans are converted to a permanent mortgage, typically saving a borrower time and money with one set of documents and closing costs.         

    Loan Programs:

    • Residential Construction
    • Jumbo Construction
    • One-Time Close (Land & Construction)

    General Loan Parameters:

  • Loan Amount: $75,000 to $3,000,000
  • Max LTV: 90%
  • Credit Score: Minimum 700/li>
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    Specialty Home Loan Programs

    Mid Valley Financial has a variety of specialty loan programs to help you achieve the reality of home ownership.

    Loan Programs:

    • Bank Statement Loans
    • Professional Mortgages (Doctors/Lawyers)
    • Complex Income Loans (multiple sources)
    • Asset Depletion/Dissipation (no stated income)
    • Stated Non-Owner Occupied (NOO)
    • Verification of Employment (VOE) Only

    General Loan Parameters:

    • Loan Amount: $75,000 to $2,500,000
    • Max LTV: 75%
    • Credit Score: Minimum 650