FHA Mortgage Brokers and Interest Rates in Thousand Oaks, CA

Thousand Oaks is a beautiful city in southeastern Ventura County, in Southern California. It is part of the Greater Los Angeles Area, and is the center of the Conejo Valley, which includes Thousand Oaks proper, Newbury Park, Westlake Village, Agoura Hills, and Oak Park. In 2013, it was ranked the 4th safest city in the United States for its population size, and had just shy of 50,000 single family homes.

Speaking of homes, the average price of a home in Thousand Oaks is around $560,000. Whether that seems high or low to you, there are many options in today’s lending market when it comes to mortgages and financing a home loan. And with 30 year fixed-rate mortgages at an (almost) all-time low, now is the best time to consider refinancing if you are already a homeowner.

If this is your first time buying a home, though, you too can benefit from today’s low interest rates, because it means that you will pay much less for your new home over the course of the next 30 years. Most first-time buyers or new homeowners can benefit from an FHA home mortgage, which allows the borrower to put at little as 3% in as a down payment, and finance closing costs. It’s especially great for people with low credit scores. With it’s wide appeal to those different income brackets and credit statuses, it’s no wonder that the Federal Housing Administration (FHA) is the largest home loan insurer in the world, constituting 30% of the home loans currently being utilized.

There are, of course, many guidelines that come with a government-issued home loan. In addition, mortgage rates are always changing—sometimes weekly, sometimes daily. To best understand your options and see what rates are out there for you, contact a knowledgeable mortgage broker, who will work hard to find you the best deal in home loan.

For more information, contact Mark Ventrone, FHA Mortgage Broker, at ABLEnding.