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Sun Village MORTGAGE LENDER
Finding a great Sun Village, CA. mortgage lender will help you and your family acquire and finance residential real estate. The process of buying or refinancing a home can be complicated, but it does not need to be.
Hiring a professional is vital to ensuring you are getting the right loan that suits you and the results you are looking to achieve. There are a lot of mortgage loan options and a variety of lender types; however, working with a local mortgage lender in Sun Village gives you the best opportunity to secure a low rate and smooth transaction with a realistic closing timeframe.
Sun Village is an unincorporated community and census-designated place (CDP) in Los Angeles County, California, United States. It is in the eastern Antelope Valley at an elevation of 2,723 feet (830 m). The center of Sun Village may be considered to be Palmdale Boulevard and 87th Street East as noted at the Los Angeles County Assessors office. As of the 2010 census the population of Sun Village was 11,565, up from 9,375 at the 2000 census.
Sun Village has been awarded federal, state, and county grants for the community based on this Avenue U boundary. There is a movement from the Sun Village Town Council to rebrand the area with the Sun Village name, which fell out of popularity in the early 1980s. New road signage erected around 2011 now labels Sun Village as a unique community.
In 2007, the Sun Village and Littlerock town councils formed a Community Standard District together, and it was approved by the Los Angeles County Board of Supervisors.
On September 3, 2014, officials from Sun Village and the city of Palmdale gathered at the Palmdale City Council Chamber to sign a Memorandum of Understanding (MOU) in which Palmdale removed its sphere of influence from Sun Village.
Sun Village residents, as in many other Antelope Valley communities, take part in local pageants and parades. The community operates its own local chamber of commerce and town council.
Jackie Robinson County Park is a focal point in Sun Village. The Sun Village Women’s Club donated the land to the county to build a park for the community. Jackie Robinson came to the park in person to dedicate it to the community. The Friends of Jackie Robinson Park have kept the dream alive by raising funds throughout the year and supporting programs and projects in the park. There are after-school programs, sports programs, homework help, music, marching and cheer leading.
Composer and musician Frank Zappa played his music in Sun Village and made many friends there in the beginning of his career. He pays homage to Sun Village in the song “Village of the Sun” from the 1974 album Roxy and Elsewhere.
Home Loans, VA Loans, Refinance and More…
Sun Village VA Loans (VA Loan Experts in Sun Village)
The VA loan is a 0% down payment mortgage loan available to active-duty service members, veterans, qualifying reservists and select military spouses. VA loans are funded by banks (“lenders”) and are partially guaranteed by the U.S Department of Veteran Affairs (commonly called “The VA”). There are a lot of myths about the VA loan which lead most people to believe the benefit can only be used one time (single-use benefit); however, that is untrue and there are many homeowners who have used their VA entitlement for a subsequent purchase or refinance. The home loan Certificate of Eligibility “COE” (VA Form 26-1880) will determine how much eligibility you have available to you for your purchase or refinance and can be request by your team Mortgage Heroes. It is important to know that VA loans have NO Private Mortgage Insurance (PMI) and tend to have lower interest rates compared to the conventional mortgage market.
Sun Village Conventional Loans
Conventional loans are the most widely used loans for residential real estate. Conventional loans are broadly offered by many banks and lending institutions throughout the country and are broken into two categories: Conforming and Non-Conforming. Conforming conventional loans follow guidelines set by Fannie Mae and Freddie Mac, while non-Conforming conventional loans can have looser or tighter guidelines depending on who the lender is. Commonly conventional purchase loans are believed to require 20% down payment; however, there are a variety of options available, and some can be funded with as little as 3% down.
Conventional refinances are offered as “Rate and Term” or “Cash Out” refinances. Rate and Term refinances are what they sound like, a refinance where the new loan’s rate and term changed, but the loan balance remains the same (except for closing costs, impounds and fees rolled into the new loan). Cash Out refers to the cash back that the homeowner receives because of taking out a new loan at a higher loan amount than what they currently owe. Simply put, this is home equity being taken from the value of the house and transferring it to the homeowners to use as they wish. People who do cash out loans typically consolidate debts, pay down or pay off debts all together, remodel part of their home, or make upgrades.
Sun Village FHA Loans
FHA loans are residential loans backed by the Federal Housing Administration. FHA loans are most commonly used by first time, or repeat, homebuyers who have minimal money for down payment. Down payment can be as little as 3.5% for a FHA purchase loan. Although these loans are still financed by banks and lenders, they are still backed by the Federal Housing Administration, and they do have mortgage insurance.
The FHA Streamline refinance is a change in the rate and term of the loan, similar to the conventional rate and term refinance. For homeowners who need to access their equity, FHA does also offer a cash out refinance program.
Local Service Areas
in Sun Village, CA.
- VA Loans
- Rate Refinance
- Cash-out Refinance
- FHA Loans
- First Time Mortgage
- Conventional Home Loan
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