Purchase

To purchase a home in California is a big deal and the last thing you want to worry about is missing your closing.

That’s why at LamCap Partners, we have the expertise to get the job done. We’re so confident that you’ll close on time, we put money on it — with our Guaranteed On-Time Closing program. If for any reason your Conventional, VA, or FHA loan doesn’t close on time and it’s our fault, we’ll pay you $1,000. No strings attached. Just a simple promise from us to you.

Most Common Types Of Loans:

• 30 Year VA/FHA/Conventional Fixed Rate Mortgages
  Benefits: Lowest fixed monthly payments
• 40 Year Jumbo with an interest-only option for the first 10 years.
  Benefits: Low initial monthly payments
• 15 Year Fixed Loan
  Benefits: Lower rate than the 30 or 20 Year Fixed Loans; Pay less interest and pay your home off more quickly.
• 10 Year Fixed Loan
  Benefits: Lower rate; Pay off your loan and build equity faster.
• 5 Year Fixed Loan
  Benefits: Lowest rate; Pay off your loan and build equity the fastest

Adjustable Rate Mortgages: After the initial period your interest rate can change once a year.

• 10/1 ARM
  Fixed-Rate for 10 Years, Adjustable Rate for the remaining 20 years
• 7/1 ARM
  Fixed-Rate for 7 Years, Adjustable Rate for the remaining 23 years
• 5/1 ARM
  Fixed-Rate for 5 Years, Adjustable Rate for the remaining 25 years

What are the Down Payment Requirements?

For Purchase transactions, our investors require the home-buyer to put down at least 3.5% - 20% (V.A. as little as 0%) of the purchase price of the home. 

What types of property are eligible?

Most loan programs allow you to purchase single-family homes, warrantable condos, planned unit developments, and 1-4 family residences. The loan can also be used to finance a primary residence, second home, and investment property.