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San Diego Home Loans

What Loan Program is Right For You?

San Diego Home LoansAre you looking for a San Diego Home Loan? Have you been searching for a Mortgage Broker or Lender in San Diego to help you obtain your purchase or refinance loan? Your search has ended. The Mortgage Planners are a San Diego Mortgage Broker and Banker who offer all types of Home Loans for refinances and purchases.

With San Diego Interest Rates still near all time lows, it is a great time to get your Home Loan.  The Mortgage Planners offer some of the best mortgage rates and most competitive closing costs in San Diego. Couple that with the vast number of loan programs that we have available and The Mortgage Planners are your number one choice for San Diego Home Loans.

Conforming San Diego Home Loans

The Mortgage Planners offer traditional Fannie Mae and Freddie Mac conforming loans in San Diego County up to $453,100 and up to a 97% loan to value. We have fixed rate periods of 30, 25, 20, 15, and 10 years. We also offer Adjustable Rate loans with initial fixed periods of 10, 7, 5, and 3 years. Interest only options are available for San Diego Home Loans as well. In addition, we offer the High Balance loan program that covers San Diego mortgage amounts between $453,1001 and $649,750.

San Diego Jumbo Loans

The Mortgage Planners have Jumbo Loans in San Diego available up to $2 Million on 30 year fixed or ARMs and in some cases up to $5 Million. We also have interest only options available. If you are looking for a lower down payment, we can do a 1st and 2nd up t0 89.9% CLTV and up to $1.5 Million.

*See our article “Jumbo Loans: The Definitive Guide”*

In addition we offer unique San Diego Jumbo Loan programs, like a pledged asset program that allows Jumbo Loans up to 90% LTV without any mortgage insurance and an asset depletion program that allows assets to be calculated as income to qualify without having to actually draw these funds as income.

You can click on the following links to learn more:

San Diego Jumbo Loans to $1.275 Million at 85% LTV

89.99% San Diego Jumbo Loan with no Mortgage Insurance


San Diego FHA Home Loans

FHA loans allows up to a 97.75% Loan to Value ratio up to a loan amount of $649,750. FHA loans are great for San Diego First Time Homebuyers, borrowers with lower credit scores, or higher debt to income ratios.  It also allows for larger loan amounts than San Diego conforming loans.  The San Diego FHA loan program will allow gifts for down payment and non-occupant co-borrowers.

Here are some recent articles that talk more about FHA Loans:

FHA Loans in San Diego – FHA Loan Program

San Diego FHA Home Loans Will Undergo Big Changes Soon


San Diego VA Home Loans

The VA loan program allows up to 100% Loan to Value up to a $649,750 and allows larger loan amounts with smaller down payments.  The San Diego VA Home Loan actually allows loan amounts up to $1.5 Million.  The VA loan is for current military personnel or veterans.  It does not require mortgage insurance and is more forgiving on credit history and debt to income ratios.  The VA loan is also a great option for cash out refinances.

Here are some recent articles that talk more about VA Loans:

VA Loans in San Diego – 100% Financing

2013 San Diego VA Loan Limits Get a Boost


San Diego FHA or VA Streamline Home Loans

FHA Streamline refinances are great options for those homeowners who already have an FHA loan. In most cases, no appraisal is needed and there is no income qualification. In fact, new guidelines were just announced to help FHA borrowers be able to use a San Diego FHA streamline refinance and reduce the mortgage insurance premium burden.

To learn more about FHA streamlines, click HERE.

VA Streamlines or IRRLs as they are called, allow current VA borrowers to refinance their existing VA loan with a reduced funding fee, in most cases a AVM (automated valuation model) instead of an appraisal, and up to 125% LTV.

To learn more about VA streamlines, click HERE.

San Diego HARP 2.0 Program

The San Diego 2.0 HARP Refinance Program was designed to help borrowers who lost equity over the last several years refinance their loans up to an unlimted Loan To Value (LTV) without needing mortgage insurance. The HARP 2.0 Program is offered on Fannie Mae and Freddie Mac owned loans that were originated prior to June 1st, 2009 and can be used even if you have a second mortgage in place.

To learn more about the San Diego HARP 2.0 Program, click HERE.

San Diego HomePath Program

The HomePath loan program is a great program for San Diego Purchase Loans. It is offered on certain Fannie Mae foreclosed properties and allows loan amounts up to 97% Loan to Value without having to have mortgage insurance. It also does not require an appraisal and has other less stringent guidelines.

San Diego Foreign National Loans

The Mortgage Planners are one of a few San Diego mortgage brokers who offer a home loan program for foreign nationals.  One option offers a 65% Loan to Value up to a $650,000 loan amount for purchases. The other option offers 50% Loan to Value up to a loan amount of $5,000,000. This San Diego Foreign National Loan program can also be combined with a pledged asset option. If the buyer has U.S. based assets they can use the pledged asset option to get to 75% LTV. If the assets are in the bank that offers this loan program, the buyer can get a foreign national loan up to 90% LTV without mortgage insurance.

For refinances the program offers up to a 55% Loan to Value and $650,000 loan amount.

To learn more about the Foreign National Program, click HERE.

Need help, or have additional questions?
If so, we’re here to help. You can contact us
directly from our contact page, or give us a
call at 619-312-0612.

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