No Cost Mortgage Rates In California

Have you been looking for a no cost mortgage rate in the State of California?  Are you refinancing your current mortgage or are you looking to buy a new home?  At JB Mortgage Capital, Inc. we are a mortgage company with no closing costs on many of our loan programs. Our no cost mortgage rates have no hidden fees, no junk fees, and no fees of any kind.  Generally the best loan programs for a no cost mortgage rate in California are on a fixed rate loan program (such as a 30, 20 or 15 year fixed) however there are some options on the adjustable rate loan programs as well. BBB A+ Accredited

Many lenders claim to have a no cost mortgage rate however when you receive the disclosures and/or move to close there are fees.  Ugh!  What happens is the loan officer is not being up front; and not clarifying if the no cost mortgage means not a single penny in fee or if it means something else.  With some lenders a “no cost” rate means the lender is not charging an origination fee and/or an underwriting fee but you’re still paying third party fees.  Other lenders claim the offer a “no cost” rate however they still charge a processing fee and third party fees.  Not a JB Mortgage Capital, Inc.  When we say “zero cost” we mean zero cost…not a single penny for lender underwriting/processing, points or third party fees.  All of it is covered.  And we still offer some great low refinance rates and low purchase rates as well.  And just to be clear; we’ll fully reimburse the appraisal fee (that is if we need an appraisal) as well.  Not everyone qualifies for a no cost mortgage; and not all loan programs qualify as well.  If you don’t have excellent credit, lots of equity or if you’re doing a cash out loan, subordination or a non owner occupied transaction than obtaining a no cost rate gets a bit more difficult.  Also loan amounts below 200k presents some obstacles as well.  The “sweet spot” for a no cost mortgage rate is excellent credit, 40% equity, primary residence, no cash out and a loan amount above 200k.

If you’re in the market for a zero cost rate; a true zero cost rate, please be sure to give us a call at 1-800-550-5538.  We have a top rating with the Better Business Bureau, a top rating with the Business Consumers Alliance and we offer many different options when it comes to a zero cost mortgage rate.  We provide a no cost/no obligation quote and we’ll be happy to answer any questions you may have.