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Oakland Mortgage Rates

Updated: May 25, 2019

Compare today's rates for Mortgage Refinance in CA

Loan Program
Purchase
Refinance
Loan Amount
Loan Type:
Credit Score
State

4.101%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated May 25, 2019
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4.675%

APR
30 Year Fixed
4.625% Rate $1,029/mo
  • Updated May 25, 2019
  • We close our loans FAST - many in 30 days or less!
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.
Disclaimer

Mortgage rates for Oakland, California go down to 4.07%

Saturday, May 25, 2019

Mortgage rates for Oakland, California on Lender411 for 30-year fixed-rate mortgages are at 4.07%. That dropped from 4.11% to 4.07%. The 15-year fixed rates are now at 3.63%. The 5/1 ARM mortgage for Oakland, California is now at 4.13%.

Oakland mortgage refinance ratesIf you're shopping for best Oakland mortgage rates, Lender411.com is where you want to be. Oakland is on the Eastern shore of the San Francisco Bay. Oakland has a seemingly Mediterranean climate. Despite some of the negative press Oakland has received due to a higher crime rate, Oakland has a vibrant night life, with something for everyone to enjoy.

Oakland FHA Loans

The Federal Housing Administration (FHA) insures loans that have long been favorites of first time buyers and those with smaller cash reserves thanks to its low down payment requirement and relaxed credit standards. If you qualify, you'll be subject to the following requirements:

  • Down payment, loan-to-value (LTV): 3.5%, 96.5%.
  • Credit score minimum: Typically 580 or greater. 
  • Debt-to-income (DTI): Typically 45-50% or less. 
  • Upfront mortgage insurance of 1.75% the base loan amount is required. 

Annual mortgage insurance premiums of varying percentage are also required, and paid monthly. New FHA borrowers, however, will receive annual MIP rates of half a percent lower than the original rate, typically 1.35%.

Oakland First Time Homebuyer Loan Programs

If you’re buying a home in Oakland for the first time, there are several different programs for you to use to help out with the financial cost, including first time buyer mortgage assistance for down payment help and other financing aid through the CalHome program. To learn more about these options and your eligibility, visit Lender411's page on Oakland first mortgage.

Popular loan programs

user suit Lenders in: Oakland, California.

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