LoanAction Mortgage Services

Loan Programs

Our Clients Say

"LoanAction got me a great rate on my home refinance. I'm paying my home off in less time and my payment didn't go up at all. They were awesome!"

- Jay A. Mission Viejo, CA

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"No other company would provide a written quote or a written closing cost estimate without a rate lock fee prior to an actual approval. LoanAction provided me a very competitive detailed estimate upfront and in writing. The thing that impressed me was there were no nasty surprises at closing. I received exactly what I was originally quoted."

- Richard G., San Diego, CA

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"I was extremely pleased with the services offered by LoanAction Mortgage Services. They exceeded my expectations! I recommend them to my friends and associates at every opportunity."

- Malynda S., Oroville, CA

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"We were very happy with our loan specialist, Mark Hansen. He offered great personal service and was responsive throughout the entire loan process. Keep offering great service!"

- Joe C., Rancho Cucamonga, CA

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"I've used LoanAction on five home loans so far. Their rates and service are second to none. I wouldn't do a loan through anyone else."

- Jerry P. San Diego, CA

TODAY'S INTEREST RATES

Updated as of :

CONFORMING | JUMBO | VA / CAL-VET

Conforming Loans - $417,000 or less (more info)
Loan Program	Interest Rate %	APR	Points
30 year fixed rate	4.75	4.899	1.25
20 year fixed rate	4.50	4.782	1.25
15 year fixed rate	4.25	4.468	1.00
7 year fixed rate / ARM	3.875	4.019	1.25
5 year fixed rate / ARM	3.625	3.756	1.125
3 year fixed rate / ARM	3.50	3.630	1.125

Jumbo Loans - more than $417,000 (more info)
Loan Program	Interest Rate %	APR	Points
30 year fixed rate	5.00	5.135	1.125
15 year fixed rate	4.375	4.604	1.125
7 year fixed rate / ARM	5.00	5.135	1.125
5 year fixed rate / ARM	3.75	3.865	1.00
3 year fixed rate / ARM	4.375	4.505	1.125

Veteran Loans - VA, Cal-Vet (more info)
Loan Program	Interest Rate %	APR	Points
VA 30 year fixed rate	4.75	4.837	1.00
VA 15 year fixed rate	4.25	4.40	1.00
Cal-Vet (Revenue)	5.75	5.86	1.00
Cal-Vet (General Obligation)	5.95	6.06	1.00
Cal-Vet (Unrestricted)	6.20	6.31	1.00

Adjustable Rate Mortgage Indexes
11th District COFI:	1.828%
6 Month LIBOR:	0.38%
1 Year LIBOR:	0.85%
1 Year MTA:	0.471%
1 Year Treasury	0.31%
Prime Rate:	3.25%

Conforming Program Assumptions

APR is based on a loan amount of $325,000 at 80% loan-to-value or less.
All rates are based on a 21 day lock period.
ARMs are based on the total of the index and margin. All rates quoted are for the fixed rate period only.

Jumbo Program Assumptions

APR is based on a loan amount of $475,000 at 75% loan-to-value or less.
All rates are based on a 21 day lock period.
ARMs are based on the total of the index and margin. All rates quoted are for the fixed rate period only.

Veteran Program Assumptions

APR is based on a loan amount of $300,000 at 100% loan-to-value or less.
All rates are based on a 21 day lock period.

Abbreviations

APR - Annual Percentage Rate

ARM - Adjustable Rate Mortgage

COFI - Cost of Funds Index

LIBOR - London Interbank Offered Rate

MTA - Monthly Treasure Average

Free Loan Approval!

Today's Rates
Program	Rate	APR
30 Yr Fixed	4.75%	4.899%
20 Yr Fixed	4.50%	4.782%
15 Yr Fixed	4.25%	4.468%
7 Yr Fixed/ARM	3.875%	4.019%
5 Yr Fixed/ARM	3.625%	3.756%
3 Yr Fixed/ARM	3.50%	3.630%

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