Fresno, California Mortgage Rates

We offer low Fresno, California mortgage rates for both purchase and refinance transactions. If you are looking to purchase a home in the Fresno area or if you are looking to refinance your current home loan interest rate, please be sure to contact me directly for a no-cost/no-obligation quote.

Loan TermRateAPR
30yr Fixed Rate6.625%6.745%Request
25yr Fixed Rate6.625%6.759%Request
20yr Fixed Rate6.375%6.722%Request
15yr Fixed Rate6.125%6.670%Request

Fresno, California Home Loans

Home Loan Information To Save You Time and Money


From first-time homebuyers to experienced real estate investors, this section of my website is for you.


Our easy-to-use mortgage calculator will help you figure out your monthly payment and more.


Are you looking to refinance your current home loan? Then this section will show you your options.

USDA Home Loans

The USDA home loan program is the perfect mortgage option for people living in rural communities across the country.

FHA Home Loans

FHA home loans are great for first-time homebuyers and/or those with less-than-perfect credit. Refinance or purchase.

VA Home Loans

VA home loans are for military members that currently serve our country, who previously served, and their families. A great program!

How To Find The Best Mortgage Rates In Fresno

If you are buying a home in Fresno or if you are refinancing your current home loan interest rate you’ll obviously want to lock in the best mortgage rate available.

So the big question is, how do you do that?

I suggest following these simple rules to make sure you obtain the best mortgage rate.

Five Steps To Obtaining The Best Mortgage Rate:

  • Find a reputable mortgage company that offers low-rate mortgages in Fresno.
  • Work with an experienced Loan Officer (at least 5-10 years of experience).
  • Ask questions, lots of questions are good!
  • Avoid too-good-to-be-true quotes.
  • Make sure you find out what the total fees are (for everything).

Following these five steps will help you secure the best possible mortgage rate.

Fresno Conforming Loan Limits

The 2023 Fresno conforming loan limit is $726,200. Below are the home loan limits for one to four-unit properties in Fresno.

One-Unit Property

The one-unit Fresno conforming loan limit is $726,200. Primary, secondary, and rental properties.

Two-Unit Property

The two-unit (Duplex) Fresno conforming loan limit is $929,850. Primary, secondary, and rental properties.

Three-Unit Property

The three-unit (Triplex) Fresno conforming loan limit is $1,123,900. Primary, secondary, and rental properties.

Four-Unit Property

The four-unit (Quadplex) Fresno conforming loan limit is $1,396,800. Primary, secondary, and rental properties.

Fresno Mortgage Broker

A reputable Fresno mortgage broker is someone who can obtain the best current home loan rates in Fresno and provide exceptional customer service. A trusted mortgage broker will have years of experience, access to a wide variety of home loan programs, and a top rating with the Better Business Bureau, Zillow, and more.

Providing important and useful information to their clients is a key attribute as well. Here are four informative articles I believe every home loan applicant should read.

Documents Needed
To Buy A Home

If you are getting ready to purchase a home you’ll want to read this article. It will give you detailed information about the documents you need to buy a home.

Documents Needed
To Refinance

If you are refinancing your current home loan interest rate then this article is for you. It will give a list of documents you’ll need to refinance your mortgage.

Home Inspection

When you buy a home you’ll want to complete a Home Inspection. In this article, you’ll get all the ins and outs of a Home Inspection.

Home Appraisal

If you’re buying a home or refinancing your current home loan interest rate then be sure to read my Home Appraisal article.

Home Loan Pre-Approval

Here are the basic guidelines for obtaining a pre-approval with a home loan lender. To obtain a home loan pre-approval you’ll need to complete a loan application form, submit the requested documentation, and allow the Loan Officer to obtain a copy of your credit report.

Four Basic Guidelines

  • Debt-To-Income ratio 50% or below
  • Down payment of 3% or more (VA home loan 0% down)
  • Credit Score of 620 or higher
  • 1-4 unit residential property

Every mortgage lender is different so it’s important to keep in mind that this is not a guarantee you will receive a home loan pre-approval from a mortgage lender if you meet these four basic guidelines. Some home loan lenders require a lower debt-to-income ratio, a higher down payment, and/or a higher credit score.

When you move forward with the pre-approval process it’s important you provide accurate information on your loan application and the exact documents your Loan Officer is requesting. The pre-approval process should only take 24-48 hours to complete once you have your loan application completed and all your documentation submitted.

Once the pre-approval is complete the Loan Officer will issue you a “pre-approval letter” if you are buying a home. For homeowners that are refinancing their current home loan, the Loan Officer will prepare the file for underwriting.

Fresno Cash-Out Refinance

A cash-out refinance is a mortgage for an amount higher than what you currently owe. You tap into your home’s equity, taking out a larger mortgage payment, and receive the cash proceeds in hand.

Generally speaking, you may use the money for any purpose other than incurring new debt (ie using the funds as a downpayment on a home). Borrowers commonly use it for home improvements, debt consolidation, medical bills, and other large expenses.

Qualifying for a Cash-Out Refinance

Qualifying for a cash-out refinance is similar to what you needed when you bought the home. You need decent credit scores and debt ratios, proof of income/employment, and equity in your home.

Most loan programs allow you to borrow up to 80 percent of the home’s value (this includes your first mortgage). For example, if your home is worth $300,000, you can then borrow $240,000. If your first mortgage is $100,000, then you have $140,000 available for the cash-out portion of the refinance.

This depends on what you qualify for (ie what you can afford). You must meet the debt-to-income ratio requirements of your program. Each program has different requirements. Here’s a general outline:

  • FHA loans – 580 credit score and 45% debt ratio
  • VA loans – 620 credit score and 50% debt ratio
  • USDA loans – 640 credit score and 41% debt ratio
  • Conventional loans – 660 credit score and 45% debt ratio

It’s important to know that not all lenders follow the above requirements exactly.

Lowest Mortgage Rates on a Cash-Out Refinance

Here are some suggestions for making sure you lock in the lowest available mortgage rates.

  • Bring all late payments current. If you aren’t sure if anything is late, obtain your free credit report from one of the credit bureaus. Do you have any payments reporting over 30 days late? If so, bring them current and keep paying your bills on time.
  • Pay credit card balances down. If your credit card balances are over 30 percent of your credit line, pay them down. This is the second-largest part of your credit score. Paying your balance down helps increase your score, increasing your chance of lower rates.
  • Pay your mortgage on time. Your mortgage payment history plays a pivotal role. If you have any late payments (over 30 days) in the last 12 months, it makes it harder to secure the best interest rate on a cash-out refinance.
  • Keep your LTV as low as you can. Most lenders offer cash-out refi up to 80 percent of the home’s value, but the less you borrow, the better the rate you’ll get. Higher LTVs pose higher risks to lenders.
  • Stabilize your income and employment. If you’ve been at your job for more than 2 years, you’re in good shape. If you’ve recently changed jobs, and it’s in “the same line of work” that’s generally accepted. However, if you’ve completely changed careers you might have to provide some additional documentation to underwriting.

Alternatives to the Cash-Out Refinance

Some borrowers want to keep the low rate they have on their first mortgage, but need to tap into their home’s equity. Here are two solutions for that.

  • Home equity line of credit – A HELOC is a credit line against your home’s equity with a variable interest rate. It’s secured against your home, using your home as collateral, but it’s a second mortgage. You receive a line of credit, like a credit card. You can draw on it as needed, paying interest only on the amount you withdrew. Like a credit card, you can reuse the funds as you pay them off.
  • Home equity loan – If you prefer to receive your money in a lump sum and have a fixed interest rate, the home equity loan is an option. You’ll receive the proceeds at once and have a fixed payment that includes principal and interest for the loan term, which is usually 10 – 20 years.

A cash-out refi is an affordable way to get the funds you need but make sure you can afford the higher payment so that you can enjoy your home’s equity stress free.

Loan Officer Kevin O'Connor

About The Author

Loan Officer Kevin O'Connor has over 17 years of experience as a Mortgage Loan Originator and is a trusted resource for mortgage education and information. He's the content creator of K.O. Home Loan Solutions and is licensed by the state of California and the Nationwide Mortgage Licensing System. He has a top rating with the Better Business Bureau, Google, Yelp, and Zillow. You can contact him at 1-800-550-5538. CA DRE #01499872 / NMLS #247447