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San Francisco Home Loans
 Homeowners residing in San Francisco and the bay area are offered discount mortgage rates for home purchase or refinancing. Industry experts anticipate home values in San Francisco to remain steady, but we strongly recommend tapping your home's equity now with a 2nd mortgage if you need cash. Real Estate evaluators are forecasting property values in San Francisco to increase between 0 to 2% in 2007 and 2008. Because of the uncertainty of interest rates and future of house prices, many homeowners should refinance with a fixed rate.
Many consumers have downgraded to easy their budget fears by selling their homes and financing a new home that costs less. This lowers their monthly payment, but decreases their potential home equity increase when the property values rebound and rise again. Many first time homebuyers are selecting the 1% payment option arm to help them afford their monthly payments with the million dollar mortgages that have become common place in coastal areas of California. The interest is deferred with these "pick a payment" loans so the effective interest rate is a lot higher than 1% in the end. Homeowners are gambling with their equity, but many consumers have benefited from the increased purchase power.
 As the prime interest rate continues to climb, thousands, of homeowners in the bay area are watching their adjustable rate interest only mortgages eat away at their bank accounts. People from Oakland to Marin County are searching for quick solutions for their million-dollar jumbo mortgages.
In the past years, record low mortgage rates enticed many home owners to take advantage of adjustable rate interest only loans.
In San Francisco, interest only loans are a way of life. 82% of Bay Area mortgages are interest only, because salaries aren't proportionate to the cost of housing in that market.
After the subprime mortgage debacle, home equity loans have become extremely difficult to qualify for, so many Northern California homeowners have turned to FHA home loans for getting access to more cash because these loans allow consumers to get cash up to 95% in a fixed refinance loan. Our San Francisco mortgage lenders continue to extend discounted low rate mortgages to qualifying homeowners who meet the FHA guidelines with loan amounts up to $729,750. The Housing of Urban Development raised the California mortgage maximum limits for 2008 and the loan changes can be seen below by county.
MSA Name |
County Name |
State |
One-Family |
Two-Family |
Three-Family |
Four-Family |
SALINAS , CA |
MONTEREY |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
NAPA , CA |
NAPA |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
OAKLAND-FREMONT-HAYWARD , CA |
ALAMEDA |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
OAKLAND-FREMONT-HAYWARD , CA |
CONTRA COSTA |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, |
MARIN |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI |
SAN MATEO |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, |
SAN FRANCISCO |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, |
SAN FRANCISCO |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
REDDING , CA |
SHASTA |
CA |
$423,750 |
$542,450 |
$655,700 |
$814,900 |
STOCKTON , CA |
SAN JOAQUIN |
CA |
$488,750 |
$625,700 |
$756,300 |
$939,900 |
Nationwide offers home equity, and refinance loans with a fixed or adjustable interest rates. We offer loans for residents in San Francisco County seeking cash or simple rate and term refinancing. We offer cutting edge mortgage programs for SF homeowners who need to access money, but prefer not to pay off their existing mortgage in the process.
At this time, second mortgages (home equity loans) are the most popular form of subordinate financing, and with fixed rates being lower than the variable rates, its no wonder why the popularity has increased.
A Few Common Reasons for Golden Gate Homeowners Getting Second Mortgages:
 Fixing Variable Rate Credit- Increased Tax Deductions
- Elimination of Mortgage Insurance
- Bill Consolidation of High Rate Debt
- Furniture for First-Time Homebuyers
- Track Home Construction
- Financing a Start-up Business
- Purchasing a Vacation Home in SF
- Swimming Pool Installation
- Replacing the Roof
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| Don't wait any longer, Call 1-800-242-6986 to speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quotes with no obligation. |
Whether you are purchasing a home in Stinson Beach, or in the city we offer subordinate loans for purchase or refinance. If you need help with a "Zero Down" 80-20 combo loan, then you have found the right lending source.
Our loan team will help you finance new furniture, house improvements and they will show you a solution for consolidating high interest credit card debt. Nationwide offers many fixed rate solutions, that don't require you to refinance your first home loan. We offer competitive home equity credit lines that will aid you in reducing your monthly expenses while returning you with significant savings.
Wouldn't you like to put more money in your pocket each month? Many of our second mortgage and refinance programs were created so people with less than perfect credit, can pay off debts, make improvements to their home, and offer access to additional funds for a multitude of reasons.
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| Before the rates get too high, Apply for a Fixed Rate Home Equity Loan. Stay online and complete one simple form and one of our experienced loan professionals will follow up with you shortly. |
Relevant San Francisco Facts: |
Average home value for owner occupied primary residence, 2000: $396,400
Homeownership rate, 2000: 35.0%
Average household income, 1999: $55,221
Population, 2004 estimate: 744,230
% of people living in same home for 5+ years, 2000: 54.2%
Average commute time from home to work (minutes), 2000: 30.7
Click Here for More San Francisco Loan Info
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* Loan terms are state and federal fee restrictions. Laws may vary per state.
For additional city, county and state facts, please visit census.gov. |
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