How to find the best Mortgage Lender in California for your needs?

Buying a home can be difficult. As a homebuyer in the Golden State, you may have a lot of questions about any specific state rules, laws, or regulations you might not be aware of. How does one even get started with so many complex considerations?

Delmar Mortgage can help you with your California Mortgage!

Delmar Mortgage has proudly served the Golden State residents for some time, and our experience has helped plenty of homebuyers turn into homeowners. With our knowledge of the markets and the homebuying processes unique to California, we can help you acquire a home loan to finally get the keys to your dream home. Whether you’re a first-time home buyer, or you’re refinancing your current home mortgage, our loan officers will stand in your corner throughout the home-buying process. Let’s take a look at how we’ll help you get started.

What to expect from Delmar Mortgage as a California Mortgage Lender

Let’s give you an idea of what to expect as you take your first steps toward becoming a homeowner.

Decide where you want to live: California is a big state (over 163,000 square miles), with several major housing markets and metro areas. Some of these cities include San Francisco, Sacramento, Los Angeles, San Diego, and more! While each of these cities can be a wonderful place to call home, you’ll want to consider what living in each area can be like, and what kind of real estate you’re looking for. San Francisco and Sacramento are further north in the state, and the weather might be a little colder and less predictable than one might expect when moving to sunny California. Alternatively, the weather in Los Angeles and San Diego are warmer but more congested with people. Ultimately you have to decide what will be the best fit for you and your family’s needs.

Contact a mortgage lender: Once you’ve decided where in California you want to call home, it’s time to contact a mortgage company or a mortgage broker (like Delmar Mortgage). From there, our loan officers can walk you through the necessary steps you’ll need to take on your path to homeownership. All of our loan officers also have a trackable NMLS number, (or Nationwide Multistate Licensing System identifier) that lets you know you’re working with a licensed professional.

Understand your financial situation: A critical step in securing a home loan is ensuring you understand your financial situation. Among other things, our loan officers can help you understand: how much to save up for a downpayment on a house, what your current debt-to-income-ratio (DTI) looks like, how much you may owe on other loans, what your credit score is, how much to expect in closing costs, and what your monthly mortgage payment will amount to. Knowing how much you owe in things like student loans, credit card debt, open lines of credit, car payments, and other debts might be initially uncomfortable but is ultimately necessary as you work with a loan provider to secure a place to live for years to come. Alternatively, we’ll plan with you to ensure that you have cash saved up for a downpayment, and that you understand current mortgage rates and interest rates so that you feel prepared to act when a house becomes available. By using a mortgage calculator and understanding what your mortgage options are in advance, you’ll be better prepared to act when the time is right.

Think about the right mortgage loan for you: We can also help you to understand what loan products might be available to you and your family (you might also hear loan products referred to as loan types, loan programs, loan options, or something different). These products can all vary, but our dedicated team will work with you to find the option that best suits your needs. We believe that the more information you have as a borrower, the more informed decisions you’ll be able to make. You’ll want to ensure that your loan amount and loan terms are sustainable both at this point in your life, and made with some forethought about what the future could look like.

Write up questions you might have: Take some time to think about questions you might want to be answered when working with one of our loan officers. Some common questions we can help you to answer or better understand include: what’s the difference between a fixed-rate and an adjustable-rate mortgage? Why would I want to refinance my home? What is the difference between loans like a VA loan, an FHA loan, a jumbo loan, a USDA loan, or a conventional loan? When do I start to build home equity? How do loan originators work? Why do some loans, like conforming loans, have a limit? While all of this may sound confusing, our loan officers have years of experience and can help you to understand how all of this fits into the picture of you buying a home.

Take some time to relax: Delmar Mortgage has helped people across the country, from the east coast to the west coast, to finance homes and enjoy all the good that can come from being a homeowner. Mortgage lending can be a complex business, but it’s our job to make the entire process as painless and simple as possible for you.

Ready to get started?

Take a deep breath – everything will be just fine. Contact one of our loan officers today and get ready for a life in beautiful California!