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Home Loans

Live your dream

Navigating the home buying process is tricky.

Don’t worry, our experienced Mortgage Loan Officers know how to help you make the right decision when it comes to financing. 

Valley Strong is an Equal Housing Lender.

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Loan Types and Rates

  • Conventional First Mortgage

    Conventional first mortgages are ideal if you're looking for a fixed rate and have the ability to put a down payment of at least five percent. 

    • Fixed interest for the life of the loan.
    • Financing available up to 95% of the property value.
    • Free 60-day rate lock.
    • No obligation pre-approval.
    • Upon approval, appraisal fee is collected.

     

    Conventional First Mortgage Rates
    Loan Term* Rate Points Annual Percentage Rate
    30 Year 3.250% 0.000% 3.294%
    20 Year 3.125% 0.000% 3.186%
    15 Year 2.875% 0.000% 2.954%
    10 Year 2.750% 0.000% 2.865%

    Rates Effective As Of 02/25/2020.
    All rates, terms and conditions subject to change.
    Rates and terms will vary based on the credit worthiness of individual applicants.
    Upon underwriting approval, the appraisal fee will be collected before the appraisal will be ordered.
    *Conventional Payment Example: A loan amount of $510,400 for 30 years at 3.294% APR would have a monthly payment of $2,221. This example does not include taxes and insurance. Your actual payment obligation will be higher.
    Annual Percentage Rates (APR) are based on loan amounts of $510,400 for conforming loans plus pre-paid fees and 95% loan-to-value (LTV) ratio. Private Mortgage Insurance is required on loans over 80% LTV.

  • Investment Home Loan

    Purchase or refinance a property not being used as a primary residence with an investment loan.

    • Non-owner-occupied single-family residence, condo(s), Planned Unit Development (PUD), and two- to four-units available.
    • Free 60-day rate lock.
    • No obligation pre-approval.
    • Upon approval, an appraisal fee will be collected.

     

    Investment loan rates
    Conventional/Conforming – Fixed Rate Investment Mortgage
    Loan Term* Rate Points** Annual Percentage Rate
    15 Year 3.125% 3.375% 3.706%

    Rates Effective As Of 02/21/2020.
    All rates, terms and conditions subject to change.
    Rates and terms will vary based on the credit worthiness of individual applicants.
    *Investment Payment Example: A $510,400 loan for 15 years at 3.831% APR would have a monthly payment of $3,586. This example does not include taxes and insurance. Actual payment obligation will be higher.
    Minimum 20% down payment is required on 1 unit properties. Minimum 25% down payment is required on 2-4 unit properties.
    Annual Percentage Rates (APR) are based on loan amounts of $510,400 for conforming loans plus pre-paid fees and 80% loan-to-value (LTV) ratio. Private Mortgage Insurance is required on loans over 80% LTV.
    **Base point structures listed are for loan-to-values up to 75%. If you are applying for a loan that has a loan-to-value between 75-80%, then the base point structure is increased by 1.000% additional points.

    Adjustable Rate Investment Mortgage (ARM)
    Loan Term*** Rate Points Annual Percentage Rate
    15 Year
    5/5 Adj
    Margin 1.750%
    Cap 2/5
    3.125% 0.000% 3.206%
    30 Year/15 Year Balloon³
    5/5 Adj
    Margin 1.750%
    Cap 2/5
    3.500% 0.000% 3.347%

    Rates Effective As Of 02/21/2020.
    All rates, terms and conditions subject to change.
    Rates and terms will vary based on the credit worthiness of individual applicants.
    ***Investment ARM Payment Example: A loan amount of $510,400, for 15 years at 3.206% APR would have a monthly payment of $3,555. This example does not include taxes and insurance. Actual payment obligation may be higher.
    Minimum 20% down payment is required on all property types.
    Annual Percentage Rates (APR) are based on loan amounts of $510,400 for conforming loans plus prepaid fees and 80% loan-to-value (LTV) ratio and does not included Private Mortgage Insurance (PMI). PMI is require on loans over 80% loan to value (LTV).
    Adjustable Rate Mortgages 5/5 (ARM) has a fixed rate for an initial period of five years; then adjusts every five years thereafter and requires a minimum 20% down. Subject to index, margin, and periodic rate caps. Adjustable rate will be based on the weekly average yield on United States treasury securities adjusted to a constant maturity of five years.
    ³A balloon payment will be due and payable on the 15- year maturity date. Subject to index, margin, and periodic rate caps. Adjustable rate will be based on the weekly average yield on United States Treasury securities adjusted to a constant maturity of five years.

  • FHA Home Loan

    Ideal if you’re a first-time home buyer. FHA loans get you into a house with a smaller down payment.

    • Owner-occupied primary residence.
    • Low 3.50% down payment.
    • Mortgage insurance requirement.
    • Insured by Federal Housing Administration (FHA).

     

    fha loan rates
    Loan Term* Rate Points Annual Percentage Rate
    30 Year 3.000% 0.1500% 4.202%
    15 Year 3.750% 0.1500% 5.084%

    Rates Effective As Of 02/21/2020.
    All rates, terms and conditions subject to change.
    Rates and terms will vary based on the credit worthiness of individual applicants.
    *FHA Payment Example: A $331,760 loan for 30 years at 4.202% APR would have a monthly payment of $1,399. This example does not include taxes and insurance. Actual payment obligation will be higher.
    Mortgage Insurance Premium (MIP) is required on all FHA loans for life regardless of the loan to value.
    FHA Maximum Loan Amounts: 1 unit=$331,760 | 2 unit = $424,800 | 3 unit = $513,450 | 4 unit = $638,100
    Annual Percentage Rates (APR) are based on loan amount of $331,760

  • Veterans Affairs (VA) Loan

    If you’re a veteran, service member, or a family member of a service member, a VA loan is a great option. Thank you for your service.

    • No down payment.
    • Loans are guaranteed by Department of Veterans Affairs.
    • VA "Certificate of Eligibility" requirement.

     

    va loan rates
    Loan Term* Rate Points Annual Percentage Rate
    30 Year 3.000% 0.1500% 3.349%
    15 Year 3.750% 0.125% 4.380%

    Rates Effective As Of 02/21/2020.
    All rates, terms and conditions subject to change.
    Rates and terms will vary based on the credit worthiness of individual applicants.
    *VA Payment Example: A $510,400 loan for 30 years at 3.349% APR would have a monthly payment of $2,252. This example does not include taxes and insurance. Actual payment obligation will be higher.
    Annual Percentage Rates (APR) based on loan amount of $510,400.

  • Manufactured Housing Loans

    Enjoy great low rates when you buy a manufactured home.

    • Financing available up to 95% when used as a primary residence.
    • Free 60-day rate lock.
    • No obligation pre-approval.

     

    Manufacturing housing rates
    Loan Term* Rate Points Annual Percentage Rate
    30 Year 3.250% 1.000% 3.375%
    15 Year 3.125% 1.000% 3.300%

    Rates Effective As Of 02/21/2020.
    All rates, terms and conditions subject to change.
    Rates and terms will vary based on the credit worthiness of individual applicants.
    *Manufactured Payment Example: A $510,400 loan for 30 years at 3.500% APR would have a monthly payment of $2,256. This example does not include taxes and insurance. Your actual payment obligation will be higher Annual Percentage Rates (APR) are based on loan amounts of $510,400 for conforming loans plus pre-paid fees and 80% loan-to-value (LTV) ratio and does not include Private Mortgage Insurance (PMI). PMI is required on loans over 80% LTV.
    Manufactured homes must be on a permanent foundation and a recorded “Notice of Manufactured Home, Mobile Home, or Commercial Coach Installation on a Foundation system,” also known as 433A, must be presented to us prior to approval. (Primary Residence and Vacation Homes).

  • 5/5 Adjustable Rate* Loans

    Bank on your future with a 5/5 Adjustable Rate Mortgage (ARM) loan. They’re perfect if you’d like a primary residence or vacation home and expect an increase in income. 

    Additional mortgage information:

    • Available for purchase or refinance.
    • 5-year fixed initial rate that changes once every five years thereafter.
    • 5/5 ARM amortized over 30 years.
    • Financing available up to 90% loan-to-value (LTV) of the purchase price or appraised value, whichever is less.
    • Private Mortgage Insurance (PMI) on LTVs greater than 80% requirement.
    • Free 60-day rate lock.
    • No obligation pre-approval.
    • Upon approval, an appraisal fee will be collected.
    • Rates are tied to the five-year Treasury securities index.

     

    5/5 ARM Conforming and Jumbo Loan Rates
    Loan Program Loan Term Rate Points Adjustable Annual Percentage Rate
    5/5 Conforming Adjustable Margin 1.75%
    Cap 2/5
    30 Year 3.125% 0.00% 3.168%
    5/5 Jumbo Adjustable Margin 1.75%
    Cap 2/5
    30 Year 3.125% 0.00% 3.158%

    Rates Effective As Of 02/19/2020.
    All rates, terms and conditions subject to change.
    Rates and terms will vary based on the credit worthiness of individual applicants.
    5/5 ARM Conforming loan payment example: A $510,400 loan for 30 years at 3.168% APR would have a monthly payment of $2,186. This example does not include taxes and insurance. Actual payment obligation will be higher.
    5/5 Jumbo ARM loan payment example: A $750,000 loan for 30 years at 3.158% APR would have a monthly payment of $3,213. This example does not include taxes and insurance. Actual payment obligation will be higher.
    Jumbo loans are loan amounts starting at $510,401. Minimum 10% down required.
    Annual Percentage Rates (APR) are based on loan amounts of $750,000 for Jumbo loans plus pre-paid fees and 80% loan-to-value (LTV) ratio.
    *Additional Information about our Adjustable Rate Mortgages (ARM) – The APR, interest rate and principal and interest payment are subject to increase/decrease and will change after the loan is closed due to market-driven changes to the index.

  • 7/1 Adjustable Rate* Loans

    Adjustable Rate Mortgage (ARM) loans are ideal if you’d like a larger house and expect an increase in income. 

    Additional information:

    • Available for purchase or refinance.
    • Single-family primary residence and vacation homes accepted.
    • 7/1 ARM is amortized over 30 years.
    • Financing available up to 95% loan-to-value (LTV) on conforming amounts up to $484,350; up to 80% LTV financing for Jumbo Loans on amounts of $484,351 and higher. Based upon purchase price or appraised value, whichever is less. Private Mortgage Insurance (PMI) is required on LTVs greater than 80%.
    • Free 60-day rate lock.
    • No obligation pre-approval.
    • Upon approval, an appraisal fee will be collected.
    • Rates are tied to the one-year Treasury securities index.
    7/1 ARM Conforming and Jumbo Loan Rates
    Loan Program Loan Term Rate Points Adjustable Annual Percentage Rate
    7/1 Conforming Adjustable Margin 2.375%
    Cap 5/2/5
    30 Year 3.250% 0.00% 3.759%
    7/1 Jumbo Adjustable Margin 2.625%
    Cap 5/2/5
    30 Year 3.250% 0.00% 3.749%

    Rates Effective As Of 02/19/2020.
    All rates, terms and conditions subject to change.
    Rates and terms will vary based on the credit worthiness of individual applicants.
    7/1 ARM Conforming loan payment example: A $510,400 loan for 30 years at 3.168% APR would have a monthly payment of $2,186. This example does not include taxes and insurance. Actual payment obligation will be higher.
    Annual Percentage Rates (APR) are based on loan amounts of $510,400 for conforming loans plus pre-paid fees and 80% loan-to-value (LTV) ratio.
    7/1 ARM Jumbo loan payment example: A $750,000 loan for 30 years at 3.158% APR would have a monthly payment of $3,213. This example does not include taxes and insurance. Actual payment obligation will be higher.
    Jumbo loans are loan amounts starting at $510,401. Minimum 20% down required.
    Annual Percentage Rates (APR) are based on loan amounts of $750,000 for Jumbo loans plus pre-paid fees and 80% loan-to-value (LTV) ratio.
    *Additional Information about our Adjustable Rate Mortgages (ARM) – The APR, interest rate and principal and interest payment are subject to increase/decrease and will change after the loan is closed due to market-driven changes to the index.

*Additional Information about our Adjustable Rate Mortgages (ARM) – The APR, interest rate and principal and interest payment are subject to increase/decrease and will change after the loan is closed due to market-driven changes to the index.

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Meet Our Mortgage Loan Officers

Kimberlee Gypp

Senior Mortgage Loan Officer
NMLS# 717366

Alejandra Larios

Mortgage Loan Officer
NMLS# 1495935
Se Habla Español

Laura Rojas

Laura Rojas

Senior Mortgage Loan Officer
NMLS# 1870361
Se Habla Español


Mortgage Assistance

If you’re struggling to pay your mortgage, we’re here to help. We have a variety of programs to help you get back on track. Contact us today at (661) 833-7505.

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Have Questions?

Do you have questions about the home buying process? Would you like to speak with a Home Loan Center Representative to review your options? Contact us today to get started! 

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How Much Home Can You Afford?

Use our online mortgage calculators to find a payment that you’re comfortable with, or easily compare loan options and payments with our free online Loan Consultant. Stop by our Home Loan Center today and talk with an experienced loan professional about what option best fits your needs.

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