Payless Loans California Internet home mortgage and home loan wizards.

Helping secure your home refinance and home purchase loan needs as fast as electronically possible!

our current mortgage rates list (partial)
Published at 10:11 AM PDT, February 11,2013 (cfd89b015c)
Mortgage Program RateThis Rate column represents the Interest Rate for each Program that is available for a Rate Lock right now, provided that we have an Approval on a completed Loan Application, pursuant to our Lock Policy. Other Rates are also available, always call to confirm Rate availability. PointsThis column represents the Rebate or Cost in percentage Points associated with the Rate advertised for each Program. This percentage, multiplied by the given Loan Amount yields a dollar value that is combined with all "non-Third Party" expenses (our Prix Fixe Origination plus the Lender Charge). If the value is negative, the effect is a reduction in cost! APRAPR is very critical to understanding the embedded costs at any mortgage company. APR may be thought of simply in this way: The Payment calculated using your Interest Rate and the total of: "your base Loan Amount plus All Costs associated with attaining a Loan" is Exactly Equal to the Payment calculated using the APR Interest Rate and your base Loan Amount alone. APR then, is really just a fancy and semi-uniform way to summarize the contribution of all costs as they relate to Payment. PaymentThis is the Loan Payment column calculated from the Rate of each Program using the loan Amount given in Details. Each is expressed as monthly payment of Principal and Interest only on a 30 year amortization, except as indicated otherwise. This figure does not include any other payment details, including but not limited to: taxes, impounds, HOA fees, special assessments, and insurance. DetailsThe Details of each Program are described in the links in this column. Each program listing has a unique identifier associated with it. When speaking with or writing to a Consultant, please be sure to mention the Details identifier code for clarity.
5/1 ARM Conforming
2.750% 0.000% 2.780% $894.05 4412F9
5/1 ARM J-Conforming
3.125% 0.000% 3.142% $1,794.89 C3866D
30-Year Fixed FHA Conforming
3.250% 0.000% 3.282% $953.10 716CE6
30-Year Fixed Conforming
3.625% 0.000% 3.658% $998.75 1671A7
30-Year Fixed J-Conforming
3.875% 0.000% 3.893% $1,970.29 156E2E

If you do not see a loan scenario here that fits your situation perfectly, we can fix that!

Simply Call Toll-Free at 1-800-664-7283 (664-SAVE) for assistance.


your rapid online mortgage broker

What does Payless Loans offer you, the California home loan applicant? We offer you the cost savings of nationwide competition on the Internet, plus fast online processing efficiencies. We keep a low-overhead brick-and-mortar shop and secure swift electronic data handling from our website. That makes us pretty popular and gives us volume business with the banks and lenders. In turn, they pass back discounts, rebates, perquisites, and other savings that we happily share with you. It is nothing really fancier than that. This mortgage stuff isn't rocket science after all..... Try Us Out. Thanks.


mortgage broker or direct lender?

Payless Loans is a mortgage broker. This means that we maintain formal relationships with many, many lenders. The benefit to you for coming to our kind of mortgage company is that we have, in general, a substantially increased ability to shop your loan for both price and fit. Sometimes your borrowing circumstance is not a cookie-cutter arrangement that easily fits into a popular one-size-fits-all category of loan. All sorts of things may need custom consideration: equity concerns, credit concerns, cash down concerns, rate pricing concerns, there are perhaps hundreds to list. Our types of options to shop make us quite valuable in your hunt for a good loan. After all, we see the rate sheets of a bunch of different lenders each morning and perhaps several times per day. We can guarantee you that they DO NOT all have the exact same or even similar pricing or programs at the same time.

Consider also: Big banks and so-called "direct lenders" may be proud of advertising they have a lower cost of funds in general than mortgage brokers have access to, however, they are in business to make money too. If the entire nation is served primarily by a swarm of mortgage brokers, then the direct lenders know one simple fact: that the market (meaning you) will probably support their pricing if it is set right at or near the pricing of mortgage brokers. The Rate you eventually pay might be the same to you between companies, but they make a fistful of dollars more. So what does that mean? It means as always, that you should look for yourself to discover if there is truly a Rate price advantage with our company. We think it generally will be true. If there is a better deal for you elsewhere, we encourage you to go there and buy from them. We would do the same thing in your shoes.


fairness always

We have carefully avoided even looking like we try to bamboozle you with technical jargon and complexities about price and terms. We try to be very helpful and accommodating as we navigate you through the process. We know that other companies out there might have a lower cost of funds than we possess on a given day, and if they do, we encourage you to go with them. However, if you want to be sure you are getting the best deal, put a quick application in the pipeline with us for your comparison, and we believe that often you will be favorably impressed. Try Us Out. Thanks.


5/1 ARM Conforming - 4412F9
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Purchase Money Loan, California:
Yes
Owner Occupied, Single Family Residence:
Yes
Full Documentation Loan:
Yes
Average FICO Score Indicated:
> 740
Lock Period, Pending Approval:
30 days
Loan Amount Used in Calculations:
$219,000
Loan Amount Limit, Varies by County:
up to $417,000
Loan Program Availability:
Currently
Loan-To-Value (LTV) Ratio Needed:
< 95%
This is not the full and complete written disclosure of all fees, costs, taxes, insurance, prepaid interest, and other incidental expenses associated with obtaining a loan of this type from this lender. This table is intended to be a reasonably complete representation of the requirements to obtain such a loan, published in accordance with our Terms of Use Agreement.
† Does not take into account "declining market" adjustments by lenders that may reduce acceptable LTV by 5%.
Impounds and other underwriting conditions will apply. This document in no way establishes an offer to lend.
Published at 10:11 AM PDT, February 11,2013 (cfd89b015c)
5/1 ARM J-Conforming - C3866D
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Purchase Money Loan, California:
Yes
Owner Occupied, Single Family Residence:
Yes
Full Documentation Loan:
Yes
Average FICO Score Indicated:
> 740
Lock Period, Pending Approval:
30 days
Loan Amount Used in Calculations:
$419,000
Loan Amount Limit, Varies by County:
up to $729,750
Loan Program Availability:
Currently
Loan-To-Value (LTV) Ratio Needed:
< 95%
This is not the full and complete written disclosure of all fees, costs, taxes, insurance, prepaid interest, and other incidental expenses associated with obtaining a loan of this type from this lender. This table is intended to be a reasonably complete representation of the requirements to obtain such a loan, published in accordance with our Terms of Use Agreement.
† Does not take into account "declining market" adjustments by lenders that may reduce acceptable LTV by 5%.
Impounds and other underwriting conditions will apply. This document in no way establishes an offer to lend.
Published at 10:11 AM PDT, February 11,2013 (cfd89b015c)
30-Year Fixed FHA Conforming - 716CE6
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Purchase Money Loan, California:
Yes
Owner Occupied, Single Family Residence:
Yes
Full Documentation Loan:
Yes
Average FICO Score Indicated:
> 640
Lock Period, Pending Approval:
30 days
Loan Amount Used in Calculations:
$219,000
Loan Amount Limit, Varies by County:
up to $417,000
Loan Program Availability:
Currently
Loan-To-Value (LTV) Ratio Needed:
< 95%
This is not the full and complete written disclosure of all fees, costs, taxes, insurance, prepaid interest, and other incidental expenses associated with obtaining a loan of this type from this lender. This table is intended to be a reasonably complete representation of the requirements to obtain such a loan, published in accordance with our Terms of Use Agreement.
† Does not take into account "declining market" adjustments by lenders that may reduce acceptable LTV by 5%.
Impounds and other underwriting conditions will apply. This document in no way establishes an offer to lend.
Published at 10:11 AM PDT, February 11,2013 (cfd89b015c)
30-Year Fixed Conforming - 1671A7
close window
Purchase Money Loan, California:
Yes
Owner Occupied, Single Family Residence:
Yes
Full Documentation Loan:
Yes
Average FICO Score Indicated:
> 740
Lock Period, Pending Approval:
30 days
Loan Amount Used in Calculations:
$219,000
Loan Amount Limit, Varies by County:
up to $417,000
Loan Program Availability:
Currently
Loan-To-Value (LTV) Ratio Needed:
< 95%
This is not the full and complete written disclosure of all fees, costs, taxes, insurance, prepaid interest, and other incidental expenses associated with obtaining a loan of this type from this lender. This table is intended to be a reasonably complete representation of the requirements to obtain such a loan, published in accordance with our Terms of Use Agreement.
† Does not take into account "declining market" adjustments by lenders that may reduce acceptable LTV by 5%.
Impounds and other underwriting conditions will apply. This document in no way establishes an offer to lend.
Published at 10:11 AM PDT, February 11,2013 (cfd89b015c)
30-Year Fixed J-Conforming - 156E2E
close window
Purchase Money Loan, California:
Yes
Owner Occupied, Single Family Residence:
Yes
Full Documentation Loan:
Yes
Average FICO Score Indicated:
> 740
Lock Period, Pending Approval:
30 days
Loan Amount Used in Calculations:
$419,000
Loan Amount Limit, Varies by County:
up to $729,750
Loan Program Availability:
Currently
Loan-To-Value (LTV) Ratio Needed:
< 95%
This is not the full and complete written disclosure of all fees, costs, taxes, insurance, prepaid interest, and other incidental expenses associated with obtaining a loan of this type from this lender. This table is intended to be a reasonably complete representation of the requirements to obtain such a loan, published in accordance with our Terms of Use Agreement.
† Does not take into account "declining market" adjustments by lenders that may reduce acceptable LTV by 5%.
Impounds and other underwriting conditions will apply. This document in no way establishes an offer to lend.
Published at 10:11 AM PDT, February 11,2013 (cfd89b015c)