Applying for your loan in the East Bay

Stressed out about getting financing for a home purchase? You don't have to be. Being connected to several lending companies in Oakland and it's surrounding cities has helped us recognize some things that will make the loan application process pretty simple.

1 – Assemble a list of questions regarding your loan program

Make sure to have a list of questions if you don't totally understand the advantages and disadvantages of all the different loan programs. One of our trusted lenders or staff will be able to assist you in understanding the advantages and disadvantages of each one, because it can be a challenge to know the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when to lock

Locking in a rate designates that your mortgage lender commits to the mortgage interest rates for the loan – commonly at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day of your loan application and issuance of closing documents. Buyers who prefer to float conclude the interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Compile your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should spend some time getting your documents together. Click here to see normal information that goes on a loan application.

Need More Assistance?

Securing financing is just one part of getting into a new home. Thomas-Chambers Company is experienced at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of buying and selling.

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Today's Rates

Mtg Loan Rate APR
30-yr Fixed 4.28% 4.31%
15-yr Fixed 3.71% 3.77%
1-yr Adj 3.84% 3.86%
* national averages