Fixed and Adjustable Rate Mortgages

Purchasing a home is one of the biggest investment decisions you will ever make. You can trust CBC for professional guidance and efficient processing to make your experience easier. We offer loan options specific to your needs.

Real-Time Mortgage Rates

Fixed Rate Loans

  • Your interest rate and payment amount will remain the same during the life of your loan
  • No pre-payment penalties
  • Ideal for the homeowner who plans to stay in the home for at least seven years
  • 10 to 30 year terms available
  • Builds equity faster

Adjustable Rate Mortgages (ARM)

  • Lower initial monthly payments
  • Perfect for those who will be in their homes for a limited time and want flexible mortgage options
  • Good choice for those expecting solid growth in household income
  • Offer low rates that only adjust after the initial five or seven years of the loan
  • 5/1 and 7/1 ARMs at our lowest rates
  • 5/1 ARM — No closing cost option available
  • Conforming, High Balance and Jumbo loans available

Jumbo Loans

  • High balance loans (up to $636,150)*
  • Jumbo loans (up to $1,000,000)
  • Super jumbo loans (up to $4,000,000)

2nd Trust Deed Loans

  • Closed-end loans are available up to 80% loan-to-value
  • 15-year and 20-year fixed rates
  • Very competitive rates

HARP Loans

  • Refinance even if you owe more than your home’s current value
  • No maximum loan-to-value limit**

*Ventura County only

**Fannie Mae and Freddie Mac have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by either Fannie Mae or Freddie Mac, you may be eligible to refinance your mortgage under the enhanced and expanded provision of HARP. You can determine whether your mortgage is owned by either Fannie Mae or Freddie Mac by checking the following websites: www.fanniemae.com/loanlookup or www.freddiemac.com/mymortgage.

Only Fannie Mae loans are eligible for HARP at CBC