Home Loans In San Jose, California

San Jose, California, is the largest city in Silicon Valley. The cost of living is naturally higher compared to other cities. You’ll need a San Jose home loan to finance the deal. We can help. 

At Capital Home Mortgage, we help our clients achieve their dream of homeownership in San Jose. We are direct mortgage lenders, meaning we make all the decisions in the loan process. No intermediary involved means quicker processing times and more flexible underwriting policies. 

Are you looking to obtain a home loan in San Jose? Here are a few things you can do to simplify the process. 

Tips For A Smoother Home Loan Process In San Jose

• Start Your Research Early

Once you’ve decided to purchase a home in San Jose, the next step is to research the market. You’re looking for listings and getting an overview of current market situations. Sometimes, the market favors sellers, so prices are soaring. This won’t be an ideal time to buy. 

Research also includes tracking changes in asking prices and how long available properties last on the market. Do this research early, so it narrows your focus toward the essential considerations in your home buying journey. 

• Determine How Much You Can Afford

The general rule is to base this on your annual household income. Anything that costs more than three to five times that amount may be too heavy of a loan. 

Some lenders might be unwilling to cover such loans under this circumstance. Those that do may introduce higher interest rates or stricter terms into the agreement. 

• Clean Up Your Credit 

Lenders evaluate your creditworthiness using your credit score. Anything lower than 670 is no longer classified as good credit, according to Equifax®. This number is even fairer in comparison to ‘good credit’ as defined by Transunion, which starts at 720. 

Of course, it’s possible to get a loan with a lower credit score. For example, FHA home loans have a minimum credit score requirement of only 580. However, the final decision is with the lender. The higher your FICO score, the better a loan term you will get.

• Talk To A Lender

Get pre-qualified and pre-approved for your San Jose home loan. Both are necessary steps in obtaining a mortgage. Under pre-qualification, the lender looks at some basic info — Identity, income, assets, debts, etc. — and determines if you qualify for a home loan, as well as how much they can extend to you in financing. 

Pre-approval requires more in-depth scrutiny of your borrower profile, including a credit check and verifications of all your information.   

San Jose, California Mortgage Lender 

Capital Home Mortgage offers a long lineup of home loan programs, including Jumbo, Conventional, FHA, HUD 184, and VA loans, at fixed-interest and adjustable-interest rates. 

No matter what type of loan you qualify for, we’re committed to ensuring a smooth home loan process for you. Buying a home should be an exciting, enjoyable experience, after all. 

Find The Right Home Loan In San Jose

Call (323) 767-8899 to contact our home loan specialists in San Jose. We look forward to helping you secure your next San Jose mortgage loan.