California No Cost Mortgage Loan Rates

There are times when you have enough money to pay your mortgage every month, but the closing costs can eat up a chunk of that, creating a financial barrier to entry that can make you feel like the dream of homeownership is slipping through your fingers.

Fortunately, at LBC Mortgage, we understand that sometimes the high cost of closing costs can affect your options, which is why we’re proud to work with an extensive network of lenders who offer no closing cost mortgages in California.

What is a No Closing Cost Mortgage in California?

There are a variety of fees and costs that get lumped into a general category called “closing costs”, and these are costs that are necessary before you actually purchase the home. They can include things like the cost of the home appraisal, property taxes, title insurance and so on. The amount can add up quickly. However, a no cost mortgage in California may be able to help.

With a no closing cost mortgage in Los Angeles or no cost refinance in California, the lender pays these fees up front, but then adds a bit higher interest on the loan later on. Keep in mind that a no closing cost mortgage or a no cost refinance doesn’t mean you don’t have to pay the closing costs; only the time you pay them is different. With this type of mortgage you’ll pay a bit more over time than you would if you paid the costs up front, however we understand that in some cases that simply isn’t possible.

Is a No Closing Cost Mortgage Right for You?

Having to pay fewer fees up front can help alleviate the financial stress of added costs when buying a home. If it’s your first home loan, it’s understandable that it can be difficult to have enough funds set aside for all of the costs involved in making your purchase. However, it’s worth working with a knowledgeable company that specializes in no closing cost mortgages in California so that you can better understand the process and the steps along the way.

At LBC Mortgage we understand that whether it’s your first home, your second home or you’re relocating or building a home, you have many questions. We’re happy to take the time to answer all of your questions and work with you to understand which type of loan is best for your needs. Our expertise and experience in alternative types of loans, including no closing cost mortgages, no income verification mortgage loans and much more. These types of loans are also ideal for the self employed or those who have complex income situations where a traditional mortgage may not be the right fit.

Fortunately, we’d be delighted to work with you to help you choose the right type of mortgage and help you get financed at a great rate. We work with all types of lenders, so oftentimes we can help you get financing when banks and other lenders refuse. Contact us today to learn more about our no closing cost mortgage loans in California current rates as well as whether or not this type of home loan could be right for your situation.