California Home Loan Rates
Low Rate California Home Equity Incentives for Locals Online

California lenders provide refinancing with discounts for local home loan rate offers for VA, FHA & equity loans with low fixed rates for refinance loans & lines of credit. Take advantage of local home equity rate offers with regional rates for California homeowners seeking low interest rate refinance loans & lines of credit. We offer discounted home equity loans and second mortgages with fixed and variable rate pricing. Nationwide offers low rate guarantees for all home equity loan products for qualified homeowners residing in the Golden State. We offer both fixed and adjustable interest rates for most 1st and 2nd mortgage loan programs. This is good news for local borrowers seeking California home equity loan options for cash or simple rate and term refinancing. We offer a wide variety of California mortgage programs for refinancing that target homeowners who need to access money, but prefer not to pay off their existing mortgage in the process.

With home equity loans becoming so difficult to qualify for, many homeowners in California have turned to FHA home loans for getting access to more cash because FHA loan allow borrowers to get cash up to 85% in refinance transactions. Our California mortgage lenders provide competitive low rates to qualifying homeowners who meet the FHA lending criteria set forth by HUD. The Housing of Urban Development raised the California mortgage maximum limits for 2012 and the loan changes can be seen below by county.

MSA Name

County Name

State

One-Family

Two-Family

Three-Family

Four-Family

SAN DIEGO-CARLSBAD-SAN MARCOS

SAN DIEGO

CA

$697,500

$892,950

$1,079,350

$1,341,350

SALINAS

MONTEREY

CA

$729,750

$934,200

$1,129,250

$1,403,400

SAN LUIS OBISPO-PASO ROBLES

SAN LUIS OBISPO

CA

$687,500

$880,100

$1,063,850

$1,322,150

SANTA BARBARA-SANTA MARIA

SANTA BARBARA

CA

$729,750

$934,200

$1,129,250

$1,403,400

NAPA

NAPA

CA

$729,750

$934,200

$1,129,250

$1,403,400

SANTA CRUZ-WATSONVILLE

SANTA CRUZ

CA

$729,750

$934,200

$1,129,250

$1,403,400

CHICO

BUTTE

CA

$400,000

$512,050

$618,950

$769,250

FRESNO

FRESNO

CA

$381,250

$488,050

$589,950

$733,150

LOS ANGELES-LONG BEACH-GLENDALE

LOS ANGELES

CA

$729,750

$934,200

$1,129,250

$1,403,400

SANTA ANA-ANAHEIM-IRVINE

ORANGE

CA

$729,750

$934,200

$1,129,250

$1,403,400

OAKLAND-FREMONT-HAYWARD

ALAMEDA

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

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

SHASTA

CA

$423,750

$542,450

$655,700

$814,900

STOCKTON

SAN JOAQUIN

CA

$488,750

$625,700

$756,300

$939,900

EUREKA-ARCATA-FORTUNA

HUMBOLDT

CA

$393,750

$504,050

$609,300

$757,200

SACRAMENTO --ARDEN-ARCADE-- ROSEVILLE

SACRAMENTO

CA

$580,000

$742,500

$897,500

$1,115,400

VISALIA-PORTERVILLE

TULARE

CA

$325,000

$416,050

$502,900

$625,000

EL CENTRO

IMPERIAL

CA

$325,000

$416,050

$502,900

$625,000



Attention California Homeowners - Free Home Equity Offer

For a limited time homeowners
Get a Free Home Valuation
with every Loan Approval from
Nationwide Mortgage Loans

* Offer available for residents living in California who apply online for a home equity loan or line of credit. There is no obligation to get a loan, but submitting a loan request form is required for free home valuation offer.


  • Consolidation of High Rate Credit
  • Furniture for New Homebuyers
  • New Home Construction
  • Financing a Start-up Business
  • Purchasing a Vacation Home in California
  • Installing a New Swimming Pool
  • Remodeling Your Home
  • Invest With Your Home Equity

Finance Home Improvements and Increase the Value of Your California Home.

Does the state of California restrict brokers and lenders for points with home equity loans?
Home Equity Rates for California borrowers on average are lower than out of state interest rates.
California Laws restrict brokers to charge no more than 5.99% total in fees inclusive of all lender costs. This sounds great in a sentence, but unfortunately it causes many homeowners grief when they try and take out a small home equity loan. It is very difficult to find 2nd mortgages under $40,000 because the cost of loans barely covers the 6%. This leaves very little incentive for California mortgage brokers to service you with competitive secondary financing.

Home Equity Loan Volumes Rise Across California:

Continues to show areas with real estate appreciation.
Many cities like Pasadena, Redondo Beach, Santa Monica, Santa Barbara, Long Beach and Laguna Beach continue to see stable home values.

Fixed Rate Home Equity Loans

Second Mortgage Loans to 125%

100% VA Home Loans for Retired Vets

NO PMI & No Mortgage Insurance

CA First Time Homeowners OK

At this time, home equity loans are the most popular form of subordinate financing at the moment, and with fixed rates lower than the adjustable rate, its no wonder why the popularity has increased. Lock in a Low Rate with a Fixed Rate Mortgage.

Home Equity Loan Applications Increase in California: San Diego and San Francisco head the list for loan volumes by city.

Refinance with a Payment Option ARM

Reduced Home Equity Rates for CA residents

California Home Purchase Loans to 100%

Second Mortgage for Debt Consolidation


California Home Equity News and Economic Update

Home financing optimism will flow when the Federal Reserve stops increasing home equity rates. This will not appreciatively improve the plight real estate will experience. Interest rates declined the last two downturns between 1981-1984 and 1990-1997. Once the negative real estate scenario has begun, lower interest rates won’t turn the market in a positive direction. Reduced mortgage rates will just be an excuse to pass on some more false hope to the ready ears of concerned Realtors and builders alike. This "good news" will be passed on to the consumer in an attempt to bolster sagging sales. It will not work. The bloom is off the real estate "rose."

California median prices rose in the past month to $575,800.

Santa Barbara County delivered higher than expected home sales numbers. Last month increased from $677,630 to $778,850. A closer look reveals a decline in sales of 42%. Let us assume that more expensive home sales rather than price increasing skewed the median price.

Whether you are purchasing a home in Carlsbad, Ventura, San Jose or Irvine 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 financing team will help you buy new furniture and pay for house improvements that are typically very difficult for 1st time homebuyers. Let our loan officers find you the perfect 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 2nd mortgage loans and credit lines regardless of your equity.

Million Dollar loans can make financing tricky…
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.

Home Equity and Mortgage Rate Info for San Diego Cities

Oceanside Mortgage Rate Update Home values for coastal San Diego cities like Oceanside, Escondido, Vista, and San Marcos began to decline slightly in 2006 and 2007.

Carlsbad Home Equity Rates - Beach cities like Carlsbad are experiencing long sales cycles for homes that are posted on the MLS under "homes for sale." North County coastal residents are becoming more concerned of the potential home value reduction and many are refinancing now to get access to the cash. If you have variable interest rates on your mortgage you do not want to risk waiting for any longer. Refinance your equity loans now and get a fixed interest rate.

Encinitas, Leucadia & Cardiff Home Mortgage Equity Rates - Home values have dropped through most of San Diego County even coastal areas West of the freeway, like Solana Beach, Encinitas, Leucadia and Cardiff by the Sea are reporting minimal decreases for home values in 2007.

La Jolla Home Equity Rates - Home values in La Jolla and Del Mar have been pretty steady, but have reduced sales prices from 4-7% in some of the pockets in UTC and condos in La Jolla.

South Orange County Mortgage Rates - Coastal properties in Dana Point, Mission Viejo and San Clemente, show a slight decrease for property values in 2007. O.C. residents, the time to refinance your adjustable rate mortgage for a fixed rate is now!

Relevant California Facts:
West Coast Homeowners

Average home value for owner occupied primary residence, 2000: $211,500
Homeownership rate, 2000: 56.9%
Average household income, 1999: $47,493
Population,
2004 estimate: 35,893,799
% of people living in same home for 5+ years, 2000: 50.2%
Average commute time from home to work (minutes), 2000: 27.7

Click Here for More California Loan Info

* Loan terms are state and federal fee restrictions. Laws may vary per state.
Data source census.gov

Hybrid Home Equity Loans Changing the Face of Second Mortgages
According to Freddie Mac, "88% of homeowners who refinance their homes in the 1st quarter got a mortgage at least 5% larger than their first loan." Since this was the largest increase since 1990, and the Fed continues to increase key interest rates, it is my contention that the demand for cash and the ability to finance quickly is the greatest it has been since World War II.

"The reality is that some people still believe the interest rates are below 6%,"said John Allen from Laguna Beach California. John continued, "If I need cash for home improvements. Why wouldn't I just take out home equity loan since my first mortgage rate is under 5%." John's mentality mirrors many of my borrowers' frames of mind of late. Consumers are much more educated than they used to be about financing and taking out second mortgages.


California: Builders Blame Housing Prices on Environmental Laws

Blaming several key pieces of environmental legislation for driving up the price of home building in California, the California Builders Association launched a "Campaign for California Home Ownership."

The campaign supports several pieces of legislation aimed at curbing regulatory restrictions on home building. The result of their passage, home builders say, would be more affordable housing and an improvement in California's ranking as the 49th state in the nation in home ownership. California's home ownership stands at 58 percent. The national home ownership average is 70 percent.

The group is supporting legislation that addresses zoning issues. Other measures include construction litigation reform, infrastructure financing, building fees, and changes to the California Environmental Quality Act.

Environmentalists think the builders are taking the wrong approach. ""They're just trying to eliminate all planning requirements in order to make a quick buck at the expense of long-term protection of resources and our economy," says Mark Massara, director of Sierra Club's coastal programs and a board member of votethecoast.org.

Source: Press-Telegram, Don Jergler

California Home Prices Up But Sales Down

Higher interest rates for purchase and home equity loans are hitting out sales in the California housing market. But home prices look like their steadily climbing.

Figures released from the California Association of Realtors shows home prices have jumped roughly $25,000 during the first six months of 2006.

The tough sell; however, is the plunge of the number of home sales by almost 56,000 from the first to second quarter of 2006.

Some analysts think the rise in home prices is actually the result of more homeowners putting their homes on the market.

"For the first time since November 2001, we experienced back-to-back months of single-digit price appreciation, moderated in part by increased inventory levels," said Vince Malta, president of the California Association of Realtors. The prime interest rate has steadily increased almost one point during the first six months of 2006. Most often when The Federal Reserve raises the rate, fighting inflation is the goal.

"Mortgage interest rates continued to edge up for the fifth consecutive month in June, contributing in part to a slowdown in sales," said C.A.R. Chief Economist Leslie Appleton-Young. "June 2006 was the first time since late 2001 that the sales pace fell below 500,000 for two consecutive months. Home sales declined 26.3% last month compared with June 2005, when they hit the third-highest monthly pace on record." Home equity loan and second mortgage applications volumes have been increasing as the number of first mortgage refinance applications have been decreasing. An article in the San Diego Union Tribune, shows higher interest rates stopping prospective home buyers from signing on the bottom line. Those trends are forcing home owners to drop their prices. But, the latest sales figures show the state-wide median home sales price turning upwards, an unusual trend, considering a rise in interest rates has typically created a buyer's market.

 

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California Home Equity and Mortgage Rate Info by City

San Francisco Home Loans
Northern California home values have begun dropping in certain areas across the county.

Santa Barbara Home Loans
Coastal properties in Santa Barbara show minor increases for home values in 2006.

San Luis Obispo Home Loans
Home values for coastal SLO cities like Cayucos, Morro Bay and Los Osos are dropping in 2007.

>> Los Angeles Home Mortgage Rates Drop

>> San Diego Home Interest Rates

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