Oakland Home Mortgages
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Oakland Mortgage Lender
Welcome to Capital Home Mortgage Oakland, a trusted Oakland Mortgage Lender dedicated to providing homebuyers and homeowners with competitive Oakland Mortgage Rates and low fees. Our commitment to outstanding customer service ensures a smooth, stress-free experience.
We sincerely appreciate the opportunity to earn your business. We understand that buying a home is one of the most important decisions in life, which is why we offer dedicated points of contact throughout the entire mortgage process. This personalized approach helps ensure a seamless, on-time closing, so you can focus on the excitement of purchasing your new home, not the stress.
As a direct mortgage lender, Capital Home Mortgage Oakland manages the entire lending process from start to finish. With in-house processing and underwriting, we provide quick, common-sense approvals and timely closings.
Give us a call today at (888) 620-7744 to speak with one of our knowledgeable Oakland Loan Officers and get started on your path to homeownership!
Oakland Real Estate Market
Key Metrics
- Median Sale Price: Around $805,000 as of late 2024, showing a 6.6% decline year-over-year.
- Price per Square Foot: Averaging $572.
- Market Competitiveness: Highly competitive, with homes often selling above list price.
Market Trends
- Price Adjustments:
- Home prices have declined slightly, offering opportunities for buyers.
- Despite price drops, competition remains due to limited inventory.
- Demand:
- Strong demand for properties close to San Francisco while offering more affordability compared to the larger Bay Area market.
- High demand for single-family homes and properties in well-connected neighborhoods.
- Supply:
- Inventory remains tight, with a 12.3% decrease in available homes compared to the previous month.
- Limited new construction further strains supply.
Rental Markets
- High Demand: The rental market remains strong, with average rents for a one-bedroom apartment exceeding $2,200/month.
- Rent Control: Oakland’s rent control laws help stabilize rental costs in many areas.
Neighborhood Insights
- Luxury Markets: Areas like Montclair and Claremont offer higher-end homes with prices often exceeding $1.2 million.
- Affordable Options: Neighborhoods like East Oakland and Piedmont Avenue feature median prices below $600,000.
- Cultural and Historical Appeal: Jack London Square and Uptown offer modern amenities alongside historic charm.
Challenges
- Affordability: Declining prices offer some relief, but homeownership remains challenging for many residents.
- Interest Rates: Rising mortgage rates impact buyer affordability and could temper market activity.
- Economic Factors: Broader economic trends influence buyer and seller confidence.
Opportunities
- Investment Potential: Oakland offers long-term appreciation potential, particularly in up-and-coming neighborhoods.
- Renovation Projects: Many older homes in the area provide opportunities for value addition.
- Proximity: Easy access to San Francisco and Silicon Valley enhances Oakland’s appeal.
The Oakland real estate market is expected to remain competitive, with limited inventory and strong demand shaping activity. While the recent decline in prices suggests a slight market correction, the area’s desirability and proximity to major job centers will likely sustain interest from buyers and investors.
Oakland Home Loans
Capital Home Mortgage Oakland is a full-service Oakland Mortgage Lender that offers a complete line of home loans to meet all Oakland Residents lending needs.
Oakland Purchase Home Mortgages
Oakland Purchase Home Loans
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Capital Home Mortgage Oakland is committed to providing Oakland homebuyers with a comprehensive range of Oakland Purchase Home Loans. We understand that purchasing a home is one of the most significant decisions in a person’s life and can often feel stressful. That’s why we offer dedicated points of contact to guide you through the homebuying process, ensuring you are well-informed about the different loan options available.
Our goal is to make your homebuying experience smooth and efficient, helping you evaluate your options and select the loan that best fits your individual needs. At Capital Home Mortgage Bakersfield, we strive to make the process as quick and easy as possible, while ensuring you make the best financial decision for your future.
Oakland Refinance Home Mortgages
Oakland Refinance Home Loans
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Oakland Rate and Term Refinance Home Mortgages are a type of refinance in which the borrower replaces the current mortgage with a new mortgage. The goal of a rate & term refinance is to obtain better loan terms, such as a reduced interest rate thereby lowering the monthly payment and/or a different loan duration to either lower the payments or shorten the mortgage term, which may or may not result in a lower monthly payment. Additionally, a rate and term refinance can be used to convert from one loan program to another possibly eliminating the need for mortgage insurance.
Oakland Cash Out Home Mortgages
Oakland Cash Out Home Loans
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
Oakland Cash-Out Refinance Home Mortgages differ from rate and term refinances in that they allow homeowners to borrow against the equity in their homes by refinancing their current mortgage for an amount greater than the existing loan balance. The homeowner receives the difference in cash or can use the funds to consolidate date that is paid at closing. The other main differences is that cash-out refinances have lower loan to value limits than rate and term refinances and can have slightly higher rates.
Oakland Construction Home Mortgages
Oakland Construction Home Loans
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Oakland Construction Home Mortgages are distinct from a traditional construction home loan in combining the construction loan and the permanent mortgage into a single loan. This means you only have to go through the application and closing process once, saving time and money. A traditional construction home loan requires you to apply for a separate mortgage after the construction is completed. A One time close loan also can be combined with other standard mortgage products resulting in much smaller down payments.
Oakland Renovation Home Mortgages
Oakland Renovation Home Loans
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
Want a new Oakland California home? Don’t want to purchase a home from a builder? Prefer the charm of an older home, or the elegance of a mature neighborhood… Or just want the perfect location close to town? Making your dream home come true might just be in updating that older home. Capital Home Mortgage Oakland offer all types of Oakland Renovation Home Mortgages to make this happen. To put it simply, we will handle and will walk you through the complexities involved in a construction or rehab loan.
Oakland Manufactured Home Mortgages
Oakland Manufactured Home Loans
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
A Oakland Manufactured Home is a residential structure built off-site in a factory setting, then transported to its permanent location and placed on a foundation. Modern manufactured houses can be quite sophisticated in design and can offer amenities similar to site-built homes. They can be single-wide, double-wide, or even larger, and they’re constructed using materials and techniques that meet stringent quality standards. Manufactured Homes are built on steel chassis which offer a quicker construction and cost advantages. Contact us today to learn about Oakland Manufactured Home Mortgages.
Oakland Purchase Mortgages
Capital Home Mortgage Oakland is a full-service Oakland Mortgage Lender that offers a complete line of home loans. Whether you are a first-time purchaser seeking a Oakland FHA Home Mortgages, looking for a rural property and needing a Oakland USDA Home Mortgages, a Native Californian wanting to use the HUD 184 Oakland Native American Home Mortgages , an active or retired veteran in need of a Oakland VA Home Mortgages , wanting to purchase that dream home over conforming limits with a Oakland Jumbo Home Mortgages, a seasoned buyer in need of a Oakland Conventional Home Mortgages or looking for alternative financing with a Oakland Non QM Home Mortgages we are here to assist.
Call today (888) 620-7744 to talk to one of our Oakland Loan Officers.
Oakland FHA Home Mortgages
Oakland FHA Home Mortgages
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
A Oakland FHA Home Loans is a mortgage insured by the Federal Housing Administration or “FHA” and issued by an FHA-approved lender. FHA loans are designed for low-to-moderate-income applicants and first time homebuyers who need a smaller down payment. However, FHA home loans can be used by anyone. FHA home loans feature a low down payment, flexible credit score requirements and the ability to use gift funds for the down payment. Other eligibility requirements for a Oakland FHA home loan is consistent employment history and documented income.
Oakland VA Home Mortgages
Oakland VA Home Loans
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
A Oakland VA Home Loans is a mortgage option for qualified veterans, active-duty service members, and select surviving spouses in Oakland California. These loans are made by private lenders but are guaranteed by the United States Department of Veterans Affairs, allowing for favorable terms such as no down payment and no private mortgage insurance (PMI). VA home loans are widely available, with competitive interest rates and liberal credit standards.
Oakland USDA Home Mortgages
Oakland USDA Home Loans
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
A Oakland USDA Home Loans is a zero down mortgage program provided by the US Department of Agriculture (USDA) to assist low-to-moderate-income buyers. USDA home loans are classified into two types: USDA-Guaranteed and USDA-Direct. The USDA-Guaranteed Home Loan is made available by a private lender and guaranteed by the USDA, whereas the USDA-Direct home loan is made available directly by the USDA. To be eligible for USDA financing, the residence must be located in an approved rural area and household income cannot exceed 115% of the median household income in your area for Guaranteed Loans.
Oakland Native American Home Mortgages
Oakland Native American Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
A Oakland Native American Home Loans, also known as a HUD 184 Home Loan, is a government mortgage loan specifically for registered Oakland Native Americans. This loan offers easier credit qualifications, tribal grants and can be used to renovate the home along with the purchase.
Oakland Conventional Home Mortgages
Oakland Conventional Home Loans
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
A Oakland Conventional Home Loans adhere to Fannie Mae and Freddie Mac requirements. These loans can be used for primary residence, secondary and investment properties. Typical eligibility requirements include a minimum credit score of 620, a stable income, and a minimum down payment. Conventional Home Loans are also called Conforming loans and have capped loan limits that are updated annually on January 1st base on the median selling price within a local area.
Oakland Jumbo Home Mortgages
Oakland Jumbo Home Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
An Oakland Jumbo Home Loans is a mortgage that exceeds the standard conventional loan limits. These loans are widely utilized to finance luxury properties and have grown in popularity as values have continued to increase. Jumbo loans frequently include fixed-rate durations such as 30-year and 15-year and adjustable-rate alternatives. Financing of up to $3,000,000 is offered at 90% with no PMI (Private Mortgage Insurance).
Oakland Non Qualified Home Mortgages
Oakland Non Qualified Home Loans
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
An Oakland Non-Qualified-Home Loans, also known as a Non-QM loan, is a form of mortgage loan that does not meet the government-sponsored enterprise (GSE) requirements for a qualified mortgage. Borrowers who fail to meet the tight standards of a qualifying mortgage, such as those with irregular income or a high debt-to-income ratio, are perfect candidates for this sort of loan.
Oakland Reverse Home Mortgages
Oakland Reverse Home Loans
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
An Oakland Reverse Home Loans, also known as a home equity conversion mortgage, is a type of loan available to homeowners typically aged 62 or older, allowing them to convert part of the equity in their home into cash. Unlike a traditional mortgage where the borrower makes monthly payments to the lender, a reverse mortgage pays the homeowner, either through a lump sum, monthly payments, or a line of credit.
Why Oakland is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Fees
Exceptional Service
7 Day a Week Support Application to Funding