Home Loans In San Diego, California 

Boasting over 260 days of sunshine, long stretches of pristine beaches, and no shortage of world-class attractions, San Diego offers something for everyone. It is the second-most populous city in the state of California. 

As you may expect, the housing market here is hot. If you’re looking to purchase a home in San Diego, we can help you secure the right mortgage product. At Capital Home Mortgage, we work with borrowers to access home financing minus the usual hassles. 

Do you know the right home loan for your needs? Let’s walk you through the standard options.

Types of Home Loans You Can Obtain In San Diego 

• Jumbo Loans 

Jumbo loans are so named because they exceed the conforming loan-servicing limits set by the Federal Housing Finance Agency (FHFA). These loans are intended for luxury properties that regular government-backed loans cannot cover. They’re also used to finance the purchase of a real estate in high-end neighborhoods. 

Jumbo mortgages typically have higher interest rates, more significant down payment requirements, and stricter underwriting rules. 

• Conventional Loans 

These loans are not backed by the government, meaning they are originated and serviced by private lenders such as banks and credit unions. They can be classified as conforming or non-conforming. 

Conventional loans typically have a minimum down payment requirement of only 3%. However, any down payment lower than 20% will incur additional charges in private mortgage insurance. 

• FHA Loans 

Under Housing and Urban Development (HUD) jurisdiction, these loans are named because the government backs them through the Federal Housing Authority (FHA). They’re an excellent choice for first-time borrowers due to their lower credit scores and down payment requirements. 

FHA loans may only be used to finance primary homes — a borrower cannot use them to purchase a second home, an investment property, or a rental property. 

• VA Loans 

VA loans are also backed by the government, though managed through the U.S. Department of Veteran Affairs. They’re strictly for military personnel, both active and retired. Under this program, there are no loan limits, no down payment requirements, and no mortgage insurance. 

On the flip side, borrowers will have to put up a VA funding fee, which is used to offset the cost of the VA home loan program to taxpayers. 

San Diego, CA Mortgage Lender 

Whether it’s your first or fifth, buying a home is an exciting experience. The biggest hurdle you’ll usually face is obtaining the necessary financing. This is where we come in. 

At Capital Home Mortgage San Diego, we aim to make the home loan process as straightforward as possible. To that end, we offer a wide array of mortgage products so you can be sure of finding something that fits your situation. 

We’re a direct mortgage lender; we handle all the touchpoints in the loan process.  We offer quick loan processing, flexible underwriting, and competitive interest rates. We provide a one-of-a-kind customer service experience every step of the way. 

Get Your Home Loan In San Diego Today 

If you’ve always wanted to own a home in San Diego, California, we can partner with you to make it happen. Simply call (323) 767-8899 to connect with our home loan experts. 

From all of us here at Capital Home Mortgage, we thank you for considering us as your mortgage lending partner, and we look forward to providing your next San Diego home loan.