Loan Programs
We’re pleased to offer a variety of financing programs designed to meet the special needs of California’s home buyers. We offer loan options to cover all of your real estate finance needs. Our Loan Team provides expert guidance as you determine which program works best for your unique situation, from FHA financing for first-time buyers to refinancing for seasoned home owners.
Select a loan program from below to view more information:
First-Time Buyers
FHA Loans
Veterans
Refinancing
Mortgages for First-Time Buyers
As a first-time buyer getting a mortgage can be a very intimidating process. Our loan team is here to help – we’ve helped hundreds of first-time buyers just like you.
Check out your step-by-step breakdown of the home buying process.
FHA Loans
FHA loans are a great option for affordable financing because of their low down payment requirements and flexible qualification terms.
FHA loans are insured by the U.S. Government and are geared toward making home ownership within reach for low to moderate-income individuals and families. The Federal Housing Administration places limits to the maximum amount that can be borrowed under FHA financing. In the past, these limits were below the average price of homes for many housing markets. Currently, average home prices are now within FHA loan limits, making this government-insured program a popular choice in today’s market.
Otsar Realty Home Loans will work with you to determine if a FHA loan is the best option for you. We will review your credit and income qualifications and explain FHA loan requirements, such as mortgage insurance and FHA property eligibility and answer any questions you may have as you navigate the process of applying for a FHA loan
Mortgages for Veterans
We are proud to help our American heroes achieve homeownership by offering VA loan programs.
Top 4 Reasons to Use a VA Home Loan
- Buy a home with no down payment
- Lock in great low rates
- May be able to refinance to lower monthly payments
- May get cash for purchases and remodeling
When applying for a VA loan, the first step is to request your Certificate of Eligibility by filling out VA Form 26-1880 – we can help with this process. Veterans, active duty, guard or reserve, and military spouses potentially qualify for this certificate.
For more information on eligibility, visit: http://benefits.va.gov/homeloans/index.asp/
Mortgage Refinancing
Refinancing your mortgage may:
- Reduce your monthly payment
- Pay off your mortgage faster
- Leverage your equity for remodeling or college tuition
We make refinancing easy no matter what your goal. Whether it’s switching from an adjustable to a fixed rate loan, Lowering payments, Getting cash out of your home equity, Consolidating debts, or consolidating a first and second mortgage.
We offer FHA, VA, and Conventional refinancing options.