Real Estate Mortgage Programs
This section features mortgage program information for home buyers interested in real estate in Venice, Marina del Rey, Santa Monica, Mar Vista, Culver City, Playa Del Rey and surrounding Los Angeles County, CA areas.
In order to help you with your next home purchase, I have put together a simple review of some of the major mortgage programs.
With an adjustable rate mortgage, the rate of the loan can change throughout the term of the loan. Many ARMs have a short fixed period and then become truly adjustable. The rate of the loan is based on adding points to a fixed base.
With this type of loan, the interest rate remains consistent throughout the term of the loan.
A balloon loan is a real estate loan where there is a lump sum due at the end of the loan. This normally encourages an individual to refinance prior to the end of the term of the loan.
A jumbo loan is any residential or commercial loan exceeding the guidelines of Fannie Mae and Freddie Mac.
An FHA loan is a loan in the United States that is insured by the Federal Housing Administration.
A VA loan is a loan in the United States guaranteed by the Veterans Administration. The loan may be issued by qualified lenders. The VA was designed to offer long-term financing to American Veterans or to their surviving spouses.
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Please be sure to visit this page often as I update the information and links on a regular basis.
With more than 50 years in Westside real estate, Terry Ballentine offers unmatched expertise in Marina del Rey, Venice, and nearby coastal communities. He provides personalized guidance for buyers, sellers, and investors, earning long-term trust and repeat clients. Terry’s hands-on approach and deep local knowledge ensure every transaction is handled with care and precision.
Terry Ballentine | CA DRE# 00588883
124 Washington Blvd Marina Del Rey, CA 90292