Loans advertised are either adjustable rate mortgages (ARMs) or fixed rate mortgages with a 15-, or 30-year fully amortizing term. No loan advertised has a prepayment penalty. Rates shown are only available in California. The following loan examples are subject to the assumptions below for the specific loan product shown.
The Rate on this adjustable rate loan is variable and is subject to increase or decrease after 5 years, so your payments may increase or decrease after the initial period. After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index plus a margin of 2.25%.
The Rate on this adjustable rate loan is variable and is subject to increase or decrease after 5 years, so your payments may increase or decrease after the initial period. After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index plus a margin of 2.25%.
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Understanding the numerous options borrowers have when looking for a mortgage Loan City Home Loans needed to set ourselves apart from the pack. We believe it starts with maintaining a excellent reputation. Loan City enjoys an "A" rating from the Better Business Bureau and has had no complaints. Loan City is highly reviewed on popular business review websites such as Yelp.
Adjustable Rate Mortgage is commonly referred to as an ARM. An ARM has an interest rate that adjusts periodically, unlike a fixed rate mortgage. The initial interest offered with an ARM is lower than a fixed rate mortgage which can be a benefit to homebuyers. Adjustable Rate Mortgages fit the needs of homebuyers planning to stay in their home short term or expecting an increase in future wages.
Adjustable Rate Mortgages (ARM) generally have lower initial rates than fixed rate mortgages. They offer the stability of a fixed rate for a period of 3, 5, 7 or 10 years, after which time the rate may vary and the payment may increase annually. You'll receive the lowest rate we offer and save thousands over a traditional fixed-rate mortgage during the initial fixed-rate period with ab adjustable rate mortgage.
The mortgage process can be very difficult to understand at times which is why we have provided you with mortgage calculators to help you make intelligent financial decisions regarding your home loan. Designed with you in mind by giving you personalized insight into what works best for you, these mortgage calculators can help you stretch your dollar and push your home mortgage to the max.
Yes, we offer them all. FHA, VA, Conventional, Jumbo loans, Homepath Mortgage and Down Payment Assistance programs. Compare loan options, see monthly mortgage payments and more with this handy dandy calculator. Make sense of it all--our Mortgage Glossary will help you understand home lending language.
Reviews (10)
Matt Thomas
Dec 06, 2021
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Mahak Hassan
Dec 05, 2021
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We just finished celebrating Thanksgiving and our birthdays in our dream home. We saw the house and fell in love with it in the last few days of October, then gave Andrew a call. We got our keys on the 15th. Our realtor said it’s the fastest close he’s ever heard of and our loan was NOT cut and dry. Andrew worked so hard to make sure that we were “home” in time for the holidays and that means so much to us. It was the first time since the pandemic we were able to host a good sized group!
Andrew is an absolute gift to anyone needing a home loan. He ensures you know he’s your ally, and
Andrew is an absolute gift to anyone needing a home loan. He ensures you know he’s your ally, and
Jeremy Thomas
Nov 30, 2021
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Positive: Professionalism, Quality, Responsiveness, Value
Andrew has helped me with my home loan three times, original purchase and two refi's, and I must say he is a true professional. If you want someone to get the job done, he is the guy you want on your team. Would highly recommend to anyone purchasing a home or refinancing.
Andrew has helped me with my home loan three times, original purchase and two refi's, and I must say he is a true professional. If you want someone to get the job done, he is the guy you want on your team. Would highly recommend to anyone purchasing a home or refinancing.
Greg Sabers
Aug 01, 2021
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Andrew and Ruben have helped me on two purchases and a refinance so far and I will never look elsewhere for my mortgage and Real Estate needs in the future!
Their rates are always the best of the numerous quotes I receive, and they are the quickest and most responsive professionals I have seen in the industry.
They are always looking for ways to go to bat for you and save you money, time and headache. I cannot recommend them enough!
Their rates are always the best of the numerous quotes I receive, and they are the quickest and most responsive professionals I have seen in the industry.
They are always looking for ways to go to bat for you and save you money, time and headache. I cannot recommend them enough!
Alexa Bunton
Jul 24, 2021
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I have used Loan City Home Loans and worked with Andrew on multiple home purchases as well as refinancing and have always had a great experience! Andrew is extremely knowledgeable and has explained everything very well to better help me understand the process. He also is quick to respond to all questions and concerns, even when he is not actively working with me on a purchase/refinance. He has always gone above and beyond. I will absolutely be utilizing his services on future purchases/refinancing!
Joe C.
Jul 03, 2021
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Andrew at Loan City was the best. Very professional. Very friendly. He helped me with my loan and my refi and was able to get everything squared away in a fast timely manor. He took the time to explain to me the process as this was my first home loan and my first refi. We felt like we were in good hands through the entire process and we will definitely be contacting Andrew again when it’s time to upgrade to our next house.
Eddie G.
Jun 29, 2021
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Andrew with Loan City Home Loans is truly a Miracle Man. We had the most efficient, effective and delightful home buying experience with these professional subject matter experts. We were honored and pleased to have worked together. Would 100% recommend all my friends and family to work with such an honest, clear and super helpful team.
Thank you,
All the best!
- Happy Client
Thank you,
All the best!
- Happy Client
Rachelle Carson
Jun 23, 2021
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Positive: Professionalism, Quality, Responsiveness
We have worked with Andrew several time to buy a house and refinance. Each and every time we appreciate his knowledge and patience answering all our questions. He knows how to get the best rate and we have been so happy with his help. We would not go to anyone but his team!
We have worked with Andrew several time to buy a house and refinance. Each and every time we appreciate his knowledge and patience answering all our questions. He knows how to get the best rate and we have been so happy with his help. We would not go to anyone but his team!
Bill Moore
Jun 22, 2021
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Dawn Davison
Jun 13, 2021
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This is the second time that I have used Loan City Home Loans. I have personally been taken care of by Andrew Martinez and he is on top of everything that is necessary for a loan because of his years of experience. He was quick to respond to my questions and helped me out when I needed it. He has great relationships with all of the necessary people to ensure that the loan process happens seamlessly. I have referred several people to him over the eleven years since we got our first loan from him, and everyone has been treated the same by the different people working at Loan City Home Loans. I highly
