There are many mortgage loan programs available in the state of California. Some of the more common loan programs available for refinance or purchase are:

- 100% Financing
- 80/20 No MI
- 115% Cash Out Refinance
- First Time Home Buyer Programs
- Fannie Mae & Freddie Mac Loan Programs
- 40 Year Mortgage
- Non Conforming (Impaired Credit)
- Stated Income (No Income Verification)
- Bankruptcy Buyout
- Multi Unit Programs

Many other loan programs are available. If you have any questions about a loan program feel free to contact a mortgage consultant at 1-888-794-0381 or via email

There is also a California Housing Finance Agency, which is a state agency that provides financing programs, often at below market rates and terms, to California residents. The California HFA does not provide financing directly, but rather through a network of approved mortgage lenders and brokers. These programs are especially beneficial to first time homebuyers and those with lower incomes. Presently, there are programs offered for no money down financing and terms of up to forty years.

The California HFA is a self-supporting agency (it is not supported by taxpayer dollars) that sells tax-exempt bonds to raise funds to lend.

The most popular mortgages being written in California today are loans with minimum payment options. Available in fixed and adjustable variants, these mortgages account for nearly half of all new and refinanced mortgages in the state since 2005. And there's no mistaking why. With home values at all time highs, many residents of our great state see excellent opportunities to take substantial cash out of their homes to consolidate very high interest debts and improve their properties while simultaneously lowering the minimum payment due each month.

California is a dynamic state! With a robust economy and housing market there are many programs available to help the first time buyer as well as people refinancing their homes. While the maze of lending programs might seem daunting, it pays to talk to a reputable mortgage agent to tailor a loan program to your needs.

Loan programs can change monthly, if not sooner; especially in todays adjusting real estate market.

Again, call your mortgage pro to discuss the newest loan programs now available for your financial enjoyment.