Mortgages come in all shapes and sizes, but the most common home loan is called a conventional mortgage. This is also known as a conforming loan; conventional mortgages are not insured or guaranteed by the federal government and must adhere to the standards set by Fannie Mae and Freddie Mac, which are the governing bodies for conventional mortgage loans across the United States.
Conventional loans have limits set by Fannie Mae and Freddie Mac. These limits change from region to region and are based on real estate prices and affordability. Learn More!
If you are a member of the United States military -- active duty, discharge, or retired -- you may be eligible for certain benefits offered through the U.S. Department of Veteran Affairs. One of the most underutilized veteran benefits is the VA home loan.
While the VA does not lend money directly, it guarantees loans made by VA-approved lenders like us, making it easier for veterans to qualify for a mortgage. Learn More!
A Jumbo loan is a mortgage loan amount where the loan amount exceeds the Conventional loan limit. If you are looking to take out a loan amount over the conforming loan limit for that specific county, you will need to consider a Jumbo loan program. Jumbo loan programs feature generally stricter requirements and higher interest rates to counter the higher cost of lending. For a more extensive list of the 2022 California conforming loan limits, please learn more here!
Home loans backed by the Federal Housing Administration (FHA) are an excellent option for homebuyers. Whether you have low income, poor or recovering credit, or haven't been able to save a large down payment, FHA offers an attractive path to homeownership. An FHA home loan is a government-backed mortgage that provides more flexibility than a standard conventional mortgage.FHA loans are available as 15- or 30- year fixed or adjustable-rate loans. However, there are additional costs associated with FHA mortgage loans, such as monthly mortgage insurance premiums (MIP). FHA loans also require an upfront mortgage insurance premium. Learn More!
Need to lower your monthly mortgage payment? Pull cash out? Pay off your mortgage sooner? Equalize your ex lover and make the final leap of seperation? There are numerous reasons to refinance your mortgage and we can help you meet your financial goals.The basic of refinancing your home loanRefinancing is the act of replacing one mortgage loan with another with different terms. Homeowners use this tool for many reasons, including to lower their interest rate or to use their home's equity for other purposes. Since there are costs associated with refinancing a mortgage, it's important to know your goal when determining whether you should refinance. Learn More!
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Bluefire Mortgage Group is one of the most professional and knowledgeable mortgage experts I've ever met. Their team walked us through each phase of the refinance process, answering all of our questions along the way. We could not be more appreciative of their patience and hard work. Bluefire Mortgage Group was sent to us by God. Not even a pandemic can stop them from making it happen. I highly recommend Bluefire Mortgage Group. They will not give you false hope but they will assure you that they will help. Again thanks a million !!!
- Rhian-Vie Enriquez
Buying a new home or refinancing? Call Bluefire Mortgage Group TODAY! Their team locked in the lowest rate possible for us saving us a ton of money. The entire process was the least invasive and most streamlined of ANY mortgage I've ever dealt with. Do yourself a favor and call Bluefire Mortgage Group right now!
- Katie Cyboron
Bluefire Mortgage Group's team was very personable, and professional. They were available anytime I needed them even after hours! Their system for collecting needed docs was very easy to use. We refinanced with a great rate.