Residental Real-Estate Mortgage

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A Residental Real-Estate Mortgage is a mortgage for a residential property.



References

what kind of residential mortgages exist in California, USA?

In California, USA, there are several types of residential mortgages that exist, including:

   Conventional mortgages: These are mortgages that are not insured or guaranteed by the government and are typically offered by banks and other private lenders.
   FHA loans: These are mortgages that are insured by the Federal Housing Administration and are designed to help first-time homebuyers or those with lower incomes.
   VA loans: These are mortgages that are guaranteed by the Department of Veterans Affairs and are available to veterans and active-duty military personnel.
   USDA loans: These are mortgages that are guaranteed by the United States Department of Agriculture and are designed to help low-income homebuyers in rural areas.
   Jumbo loans: These are mortgages that exceed the conforming loan limit and are typically offered by private lenders.
   Adjustable-rate mortgages (ARMs): These are mortgages with an interest rate that can change over time.

It is worth noting that, in addition to these options, there are also programs and incentives in California like the CalHFA, CHDAP and MyHome Assistance Program, which help homebuyers with down payment assistance, low-interest rates and other benefits.