California Mortgage Rate
California High Cost Areas
Owning a home is the American dream. Providers Financial works to help you
achieve the American dream. We do the leg work to find you the best California
mortgage rate and the best California mortgage loan option for your
circumstances. This gives you the freedom to find your dream home.
Congress is now considering new legislation (HR 1461) to revise the Fannie Mae and Freddie Mac mortgage loan limits for high cost metropolitan areas, such as San Diego, Los Angeles, San Francisco, San Jose, Oakland, and Sacramento counties. This is do to the fact that homeownership rates in these counties lag behind the national average because of the dramatic rise on housing prices. The passing of this legislation will only benefit you as Fannie Mae and Freddie Mac operate at no cost to the taxpayer; they are self funding government agencies.
Raising California Mortgage Rate Limits
Raising the California mortgage rate limits for Fannie Mae and Freddie Mac gives the first time home buyer a greater chance in finding a home loan at a California mortgage rate that they can live with. It also makes it easier to find a home at a price that a government backed guaranteed loan will cover.
Contact us Providers Financial and we will help you to find a California
mortgage rate that fits your lifestyle and live the American dream.