Compare today's rates for Mortgage Refinance in CA
Mortgage rates for Oakland, California on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Oakland, California is now at 4.56%.
If you're shopping for best Oakland mortgage rates, Lender411.com is where you want to be. Oakland is on the Eastern shore of the San Francisco Bay. Oakland has a seemingly Mediterranean climate. Despite some of the negative press Oakland has received due to a higher crime rate, Oakland has a vibrant night life, with something for everyone to enjoy.
The Federal Housing Administration (FHA) insures loans that have long been favorites of first time buyers and those with smaller cash reserves thanks to its low down payment requirement and relaxed credit standards. If you qualify, you'll be subject to the following requirements:
Annual mortgage insurance premiums of varying percentage are also required, and paid monthly. New FHA borrowers, however, will receive annual MIP rates of half a percent lower than the original rate, typically 1.35%.
If you’re buying a home in Oakland for the first time, there are several different programs for you to use to help out with the financial cost, including first time buyer mortgage assistance for down payment help and other financing aid through the CalHome program. To learn more about these options and your eligibility, visit Lender411's page on Oakland first mortgage.
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