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Don’t let anyone tell you that Great Financing doesn’t exist, because it does! We have High Loan-to-value Financing to $2,000,000, great 1st-Time Buyer Financing. Fixed rate or Adjustable, we represent over 150 different Banks and Lending Institutions. We will always give you choices and the best prices.
50 years of combined mortgage experience.
Whether you are looking to purchase with LOW MONEY DOWN TO $450,000, cash out refinance, consolidate debt, or find a home equity loan we can help. PRESTAR California Mortgage a subsiary of PRESTAR Financial Corporation. We have been serving you with over 50 years of combined mortgage experience and a wealth of real estate knowledge. We offer professional help by a highly trained staff that will find the right loan for you. We are dedicated to find the right mortgage that you require as quickly as possible. We look forward to the pleasure of serving you.Corporate Office Orange, CA (714) 560-8484 Commerce, CA (323) 278-5380 Los Angeles,CA (310) 475-0600
Traditional Fixed-Rate Mortgages
These mortgages get their name from the fact that the interest rate will not move up or down, but is "fixed" throughout the life of the loan. Fixed-rate loans are especially popular when market interest rates are low.Great credit, good credit, not so perfect credit. Finding the right loan just got easier! From 1st to 2nd Loans, Construction and debt consolidation loans, our loans will meet your needs. First-time homebuyers, no down payment, not so perfect credit or no credit, we will help you realize your dream of homeownership. In a little trouble... We work with people not FICO's. Put us to the test and find out why we are one of the best.
Adjustable Rate Mortgage (ARM)
Just like the name implies, the interest rate on these loans adjusts, or moves up or down, according to an index. The interest rate on an ARM usually starts out lower than prevailing rates on fixed-rate loans. ARMs are great for borrowers who expect to remain in their homes just a few years before moving again.
Federal Housing Administration (FHA) and Veterans Administration (VA) Loans
Government-Backed Loans - Government loans refer to those loans that are guaranteed by one of two federal agencies. The two types of government loans are: Federal Housing Administration (FHA) loans, and Veterans Administration (VA) loans. The advantage of financing using FHA loans are that they are easier to qualify for and allow a borrower to finance more of the loan amount than non-government loans. Whereas with a Conforming loan a borrower may only be able to finance 80% of the loan amount, a FHA loan allows a borrower to finance 97% of the loan amount. FHA loans are recommended for those borrowers who are first-time buyers, have little money to put down, have a short credit history, or are having trouble qualifying for a Conforming loan. The two main advantages of financing using VA loans are that the VA allows borrowers to finance 100% of the loan amount, and that, the VA only requires proof of veteran status to qualify for the loan. The only drawback to government loans is that mortgage insurance is required at all loan to values (LTV), unlike Conventional and Jumbo loans where payment of mortgage insurance is determined by the amount of equity a borrower has in his home.
Community Home Buyers Programs
Popular program for first-time home buyers is sponsored by the Federal National Mortgage Association, or Fannie Mae, the government-related entity that designs mortgage guidelines. With Fannie Mae’s program, lenders are given more flexibility in deciding how much a borrower can afford in monthly payments and in the amount of down payment that is required.
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