X
Free Mortgage Information Kit
X
Free Real Estate Buyer's Kit
Get a FREE Loan Quote
(800) 927-6560

Home Buying 101

Buying a new home?

California Mortgage Advisors, Inc. is here to help you through the process. CMA has been helping home buyers for over 20 years buy their dream home. Our Mortgage Advisors can assist you with buying your new home, second home or investment property.

California Mortgage Advisors, Inc. is a full service mortgage banker. We consult, originate, process, underwrite, draw loan documents and fund your mortgage. CMA is a direct lender which means we make the credit decision. If you already found the home you want, we can provide you with Same Day Loan Approval and issue you a Pre-Approval Letter to go with your offer to purchase. Of course we recommend getting Pre-Approved prior to shopping for a property. Even the best qualified buyers sometimes find a surprise when applying for a home mortgage. If you would like more information on how to buy your next home, clink here “Home Buying Process”.

Are you ready to get started? You can apply here online or call (800) 927-6560 to speak with one of our Mortgage Advisors.

Loan Approval

Loan Programs

Down Payment Options

Do you have questions? You can submit your questions here and one of our experienced Mortgage Advisors will answer them or you can call (800) 927-6560 for immediate answers to your mortgage questions.


Loan Approval

The first step in buying a new home is getting your loan approved. Once your loan is approved and you have your California Mortgage Advisors, Inc. Pre-Approval letter in hand, you can shop with confidence. Most sellers and Realtors® will not accept an offer without being Pre-Approved by a direct lender. CMA is a direct lender and you will receive an actual Pre-Approval letter which means your loan has been underwritten by a real loan underwriter. If you would like to get Pre-Approved now, you can apply here or call (800) 927-6560 and one of our Mortgage Advisors will guide you through the loan application.

Loan Programs

California Mortgage Advisors, Inc. offers hundreds of loan programs and options and our Mortgage Advisors will assist you in finding the right program to fit your individual needs. We offer conforming loans up to $625,500 and jumbo loans up to $10 million or more, as well as FHA and VA loan programs. Within these loan programs there are many different options to choose from. We offer adjustable rate mortgages (ARM’s) and fixed rate programs. The ARM’s offer fixed interest rate periods for 3, 5, 7 or 10 years. After the fixed period, the loan converts to an adjustable rate where the rate can change every 6 or 12 months for the balance of the term. Generally you will get a lower interest rate and payment during the fixed period of an ARM over the 30 year fixed. Our fixed rate loans come with many options as well. We offer 10, 15, 20, 25 and 30 year amortization periods and under certain programs we can customize an amortization period of your choice up to 30 years. Contact us now or call (800) 927-6560 to get more information on the perfect loan for you.

Down Payment Options

California Mortgage Advisors, Inc. offers loan programs with little or no down payment. If you qualify, you can purchase a primary residence with zero down. Most home buyers put down 20% or more of the purchase price. We have many options available for borrowers who want to put down 3%, 5%, 10% or 15% down. These programs will require either a second loan or mortgage insurance. In some cases the mortgage insurance can be paid by the lender. Our Mortgage Advisors can go over the different down payment options with you. Contact us now or call (800) 927-6560 to get more information on your down payment options.