Secure One Capital

Conforming and Non-Conforming Loan Programs for Orange County, CA

Most people need a mortgage loan in order to buy a home. At Secure One Capital Corporation, we offer conforming loan programs for Orange County, CA. In order to serve a variety of clients with a variety of needs, we also offer non-conforming loan programs. See which one might be right for you.

Conforming Loan Programs
A conforming loan meets the requirements for federal government sell back. Typically, a conforming loan means a conventional loan backed by Frannie Mae or Freddie Mac.

One of the major requirements for a conforming loan is a loan limit. This limit is decided annually by the Federal Housing Finance Agency. On January 1st of 2020, the agency declared that the maximum baseline loan limit for single unit properties would be $510,400. Places with higher home values or locations outside the contiguous United States (like Alaska or Hawaii) have adjusted limits.
In order to qualify for a conforming loan program, borrowers must also meet credit guidelines, property guidelines, and income restrictions of the lender.

Non-Conforming Loan Programs
Several types of non-conforming loans exist. Some non-conforming loans have backing by the government, such as loans from the FHA, USDA, and VA. Each of these loan types has their own requirements and their own unique benefits.

When people think of non-conforming loans, however, many typically think of jumbo loans. Jumbo loans come with much higher loan limits — sometimes up to millions of dollars. To qualify for a jumbo loan, your debt-to-income ratio must be lower than the requirements for a regular loan. You may also have to provide additional documentation to your lender.

Non-conforming loans appeal to many borrowers because they offer more freedom: you can borrow more money, use the loan for different property types, or qualify for money even with a negative mark on your credit.

If you want more information about conforming or non-conforming loan programs for Orange County, CA, call us today at 949.337.4700.

Benefits of refinancing your mortgage with Secure One Capital:

  • Secure One Capital’s streamlined operations can close your loan in roughly 30 days
  • Secure One Capital offers rates and fees consistently below the national average
  • Secure One Capital offers Mortgage Your Way, a pick your own term mortgage program
  • Secure One Capital boasts a 99% customer referral rate
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