California Home Loans

At Amerifund Corporation, our loan officers will ensure that each element of acquiring a mortgage goes smoothly from submitting an application to signing documents at the closing table. Below are some of the costs associated with getting a home loan from our California mortgage lenders.

UP-FRONT COSTS

DOWN PAYMENT
The down payment typically ranges from 0-30% of the cost of the house. The more you can afford to put down, the more your equity will go up in your home and the lower your monthly payment will be. When your down payment is less than 20%, you may also need to pay mortgage insurance.

CLOSING COSTS
Typically range from 2-6% of the loan amount depending on your area.

ON-GOING COSTS

Your housing costs can include the following:

• Monthly mortgage payment
• Homeowners insurance
• Mortgage Insurance
• If applicable – Flood Insurance
• If applicable – Property taxes
• Utilities
• Maintenance