Subprime Home Loans Definition:
Subprime Home Loans
refers to mortgage programs in which the borrower is
not able to meet Fannie Mae mortgage lending standards.
It may be because of previous bad credit. It may be
because of employment history, income verification problems,
or some other temporary problem.
The rate for Subprime Home Loan is always
higher than a conventional mortgage. The only time you
should consider a subprime home loan is
if you are not eligible for a conventional mortgage!
Our Subprime hom loans are for
situations in which the borrower cannot get a conventional
residential mortgage loan. However, we also can handle
traditional loan situations as well.
Every program requires that you put down at least 35%
of the purchase price, or in the case of a refinance
that you have at least 35% equity in your property.
Subprime Home Loans
Looking for a California subprime home loan? Discouraged with the response you are receiving from companies that claim to offer affordable California subprime home loans? It can be difficult to find a sub prime mortgage loan in California. With many years in the field of financing California Subprime Home Loans, Coastal La Jolla Funding is experienced at acquiring financing for people with bad credit.
CONTACT INFORMATION:
Chris Dinofia
Phone: (858) 212-1443
fax: (858) 225-3683
General
Information
Business
Development
Investor
Information
Minimums for California Sub Prime Home Loans
Our California Subprime Home Loans begin at $250,000
For residential purchases, we can finance up to 100% (although this will depend on the specifics with your California subprime loan)
For commercial properties, we require at least 25% equity in a property (a LTV not to exceed 75%)
Coastal La Jolla Funding offers California Subprime Home Loans at the best rates available in the state. We have a professional team of California subprime loan specialists located in La Jolla, California, prepared to work for you. We quote only the most competitive subprime home loan rates available for a California subprime home loan, helping you to make the best decision. If you need advise or help with a California subprime home loan, don't hesitate to make the call.
We specialize in:
• General California Subprime Home Loans
• California commercial Subprime Home Loans
• California residential Subprime Home Loans
Pre-qualifying for a California subprime home loan
Pre-qualifying with Coastal La Jolla Funding for a California subprime home loan is easy, fast and getting started is just a click away. Either fill out our online application or phone our Director of Operations to see whether you qualify for a California subprime home loan.
Chris Dinofia
phone: (858) 212-1443 California subprime home loan application
How do you proceed? Don't despair! We have a very practical and easy approach to lending, setting you on your way to succeed at procuring the financing that you desire. TERMS: Flexible loan term up to several years or more
LOAN SIZE FOR A CALIFORNIA SUBPRIME HOME LOAN: From $250,OOO to $20 Million
COLLATERAL: Real estate and other fixed or liquid assets are typically need to qualify for a California subprime home loan.
Fast Turnaround and Great Service for California Subprime Home Loans
Coastal La Jolla Funding provides California Subprime Home Loans that are uniquely tailored to fit the specific needs of our clients. Best of all, we works quickly and efficiently, often providing secured California sub prime home loans in the time it takes most brokers just to call back.
Repayment on a California Subprime Home Loan
Repayment on a California subprime home loan normally runs up to 20 years, although this will certainly differ based on loan specifics. Interest rates on our standard California subprime home loan is variable and individual loans are quoted either at a discount or premium to our base lending rate. The discounts and premiums primarily depend on your financials and collateral.
For a printable version of our California subprime home loan page, click on our California subprime home loan Print page.
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