Tag Archives: santa barbara mortgage lender

Santa Barbara and Ventura County Mortgage Update

kelly_marsh_santa_barbaraToday’s guest post is from Kelly Marsh, Branch Manager of Broadview Mortgage posted on March 24th, 2015.

Mortgage Rate Update

The big story this week was last Wednesday’s Fed meeting, and the Fed statement was well received by mortgage investors. Also positive for mortgage rates, the economic data released last week fell short of expectations. As a result, rates ended the week lower.

LAST WEEK’S RATE TREND IS DOWN

Loan Amounts under $417K, Shown as Note Rate/APR
Conforming 30 year fixed: 3.990/4.060
FHA 30 Year Fixed: 3.625/5.146
Conforming 5/1 ARM: 3.000/3.056
Conforming 7/1 ARM: 3.125/3.114

Loan Amounts over $417K up to County Limits, Shown as Note Rate/APR
High Balance Conf. 30 Year Fixed: 4.125/4.172
FHA High Balance 30 Year Fixed: 3.750/5.264
High Balance 5/1 ARM: 3.375/3.182

Loan Amounts Exceeding County Limits, Shown as Note Rate/APR
Jumbo 30 Year Fixed: 3.750 /3.789
Jumbo 5/1 ARM: 3.125/3.065
Jumbo 7/1 ARM: 3.375/3.211
Jumbo 10/1 ARM: 3.750/3.428

Loan Limit Snapshot

Conforming
All Counties: $417,000

High Balance Conforming
Santa Barbara: $625,500

Ventura: $603,750
San Diego: $546,350
LA/Orange: $625,500

FHA
Santa Barbara: $625,500
Ventura: $598,000
San Diego: $546,250
LA/Orange: $625,500

Kelly Marsh

Thank you Kelly for your guest post!  You can learn more about Kelly Marsh and Broadview Mortgage by visiting www.broadviewsb.com/ and reading her bio on our Award Winners page. Coastal Housing Partnership recognizes the real estate agents and lenders who have completed the most transactions for Coastal Housing Partnership employee members in the past 18 months. The house symbol is awarded with one to four houses in recognition of partner’s extra efforts in helping employees with their housing transactions. Kelly has a four-house rating (the highest rating possible).

Broadview Mortgage is an Open Door Sponsor for our Home Buying Fair on May 9th.

Get Back Into the Home Buying Market

The following blog post was written by Sr. Mortgage Consultant Austin Lampson of OnQFinancial in Santa Barbara.  OnQFinancial will be one of the Exhibitors at our Home Buying Fair on March 1st from 10am-3pm at Earl Warren Showgrounds. Thank you Austin for sharing your expertise and insights!

Get Back Into the Home Buying Market
Many residents of the Gold Coast experienced hardships during the recent economic downturn that put them behind on their housing payments. Some of us had to declare bankruptcy, take a short-sale or unfortunately may have been foreclosed upon. Yet did you know that you may be eligible to be back in the purchase market sooner than later?

Lenders are lending to you!
We just closed a transaction for a client who had a short sale two years ago. She was able to enter into contract on a new home just days after the two year anniversary and obtain a Conventional, 30 yr. Fixed rate loan. Other options may be available depending on your personal circumstances, needs and goals.

Want to learn more?
Come to the Coastal Housing Partnership Fair on March 1st for more details on this topic and learn other great information about our current housing market.

www.coastalhousing.org/home-buying-fair/

Austin Lampson
onQFinancialSantaBarbara

 

Sr. Mortgage Consultant, NMLS # 517060
NMLS # 5645
1332 Anacapa St. Ste. 110; Santa Barbara, CA 93101
Phone:  805.335.8200   
austin.lampson@onqfinancial.com     /    www.austinlampson.com

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