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There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Yes! There are a number of bond programs that offer low or no down payment financing options.
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.

The Details Behind the Headline That Most Veterans Are Not Hearing
If you are a one hundred percent disabled veteran in California you have probably heard about SB296 and the property tax exemption it created. What you may not have heard is the nuance that determines what this law actually means for your specific situation. Steven Tavera is covering the details that most coverage leaves out.
What SB296 Actually Does and Does Not Do
The first thing to understand clearly is that SB296 does not automatically mean zero property taxes for every one hundred percent disabled veteran in California. The law creates two distinct levels of exemption based on income and the difference between them is significant.
If your household income is above eighty-four thousand dollars annually you qualify for approximately a fifty percent property tax exemption. That is meaningful relief but it is not a full elimination of the tax obligation.
If your household income is at or below the eighty-four thousand dollar threshold you may qualify to jump to a one hundred percent exemption on up to the first one million dollars of assessed value. That is the headline number that has been generating attention and it is genuinely significant for veterans who meet the income threshold.
The assessed value distinction also matters and is worth understanding clearly. The exemption applies to assessed value which is the value the county tax assessor has placed on the property for tax purposes. That number and the current market value of the home are often different. In California where Proposition 13 limits how quickly assessed values can increase a property purchased years ago may carry an assessed value substantially below what it would sell for today. The exemption applies to the assessed figure not the current market value.
The Detail That Most Coverage Is Missing Entirely
Here is what caught Steven Tavera's attention and what most discussions of SB296 are not mentioning. This expanded exemption has a sunset clause.
The expanded benefit begins in 2027 and does not continue automatically beyond that point unless the California Legislature acts to extend it. The program is not permanent in its current form. It is a time-limited expansion that requires legislative renewal to continue.
California is also requiring the Board of Equalization to track how many veterans are using the exemption and how much property value is being exempted under the program. The state has built in a performance tracking mechanism which suggests that the data collected will inform whether and how the program continues beyond the initial period.
What This Means for Disabled Veterans in California
SB296 can be genuinely significant for eligible veterans. The potential savings for a one hundred percent disabled veteran who meets the income threshold and owns a home with a substantial assessed value could be thousands of dollars per year.
But the details matter. Income level determines which tier of exemption applies. Assessed value determines the actual tax savings. And the sunset clause means the current expanded benefit is not guaranteed beyond 2027 without further legislative action.
Follow Steven Tavera for a breakdown of exactly what SB296 could save in concrete numbers based on different assessed value scenarios and income situations.
Sources
CaliforniaBoE.ca.gov
VACalvet.ca.gov
VA.gov
MilitaryOneSource.mil
Investopedia.com
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