Programs

First California Funding offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

30-Year Fixed Rate

Fixed rate and term, fully amortizing, conventional conforming first lein mortgage loan program.

Term: 30 years
Maximum Amount: $417,000


3/1, 5/1, 7/1 and 10/1 Adjustable Rate

Adjustable rate mortgage loan program with an initial fixed rate period of 3, 5, 7 or 10 years depending on the option selected. Upon the expiration of the fixed rate period the program allows for increases or decreases, to the interest rate on an annual basis.

Term: 30 years
Maximum Amount: $417,000


5 Year Balloon

Fixed-rate loan requiring a ballon payment at maturity (after 5 years) with a conditional option to modify to a 25-year fixed rate loan.

Term: 5 years
Maximum Amount: $417,000


7 Year Balloon

Fixed-rate loan requiring a ballon payment at maturity (after 7 years) with a conditional option to modify/refinance to a 23-year fixed-rate loan.

Term: 7 years
Maximum Amount: $417,000


Jumbo 40-Year Fixed Rate

Fixed rate and term, fully amortizing, conventional conforming first lien mortgage loan program.

Term: 40 years


Jumbo 30-Year Fixed Rate

Fixed rate and term, fully amortizing, conventional conforming first lien mortgage loan program.

Term: 30 years


Jumbo 15-Year Fixed Rate

Fixed rate and term, fully amortizing, conventional conforming first lien mortgage loan program.

Term: 15 years


15-Year Fixed Rate

Fixed rate and term, fully amortizing, conventional conforming first lien mortgage loan program.

Term: 15 years
Maximum Amount: $417,001


Jumbo 3/1, 5/1, 7/1 and 10/1 Adjustable Rate

Adjustable rate mortgage loan program with an initial fixed rate period of 3, 5, 7 or 10 years depending on the option selected. Upon the expiration of the fixed rate period the program allows for increases or decreases, to the interest rate on an annual basis.

Term: 30 years


Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,001 with closing costs of $8,340. Your actual APR may be different depending upon these factors.