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June is National Homeownership Month and now is the perfect time to get started on your home buying journey.

Getting a loan to purchase or refinance a home is easy and convenient with our one-stop online mortgage service through our partner, Burbank City Mortgage Services.

Simple and Secure Application Process

We took the complicated process of applying for a home loan and created a simple and secure online application system. The application takes about 20 minutes to complete and once you submit your completed application a loan officer will contact you within one business day.

Upcoming Seminars

Join us for these complimentary seminars to learn more about buying and selling your home.

Ready, Set, Sell - Tips on Selling Your Home

  • Tuesday, July 18, 2017


Home Buying 101

  • Tuesday, July 25, 2017
  • Wednesday, August 23, 2017
  • Tuesday, September 19, 2017

Where: 
Burbank City Federal Credit Union
1800 W. Magnolia Blvd., Burbank 91506

Time:
6:00 - 7:30 pm

Dinner will be provided and seating is limited.

Seats fill fast,  reserve your spot today.
Call Dori Gregory at (818) 524-1678 or
Email DoriG@BurbankCityMortgage.com 

30 year

APR* as low as

4.221%

Apply Now

20 Year

APR* as low as

4.052%

Apply Now

15 Year

APR* as low as

3.627%

Apply Now

Making your mortgage payments is easy!

We offer a number of ways to pay your mortgage:

  • Transfer your payment in Online Banking.
  • Set up automatic transfers. Simply fill out the transfer form.
  • Send us a check in the mail.

You choose the method you prefer!

Frequently Asked Questions

  • If the sellers are not paying my closing costs, then how are they paid?

    If the sellers are not paying for your closing costs, then you are responsible for paying these at closing. Your down payment and escrow fees will be paid to escrow in the form of a certified check made out to the escrow company.

  • What are points?

    Mortgage points, also known as, discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate or due to loan to value, credit score or type of property. One (1) point costs 1 percent (1%) of the mortgage loan amount.

  • What is the difference between an appraisal and an inspection, and what is required?

    An appraisal is an estimate of the market value of the home that you are buying or refinancing, and is accomplished by comparing your home to several homes like it that have sold in the last 6 months or so. An appraisal of the home you are buying or refinancing, will be required by your lender.

    A home inspection is a more detailed analysis of the home that you are buying and may include items such as appliances, electrical systems, heating and air conditioning, structural integrity, etc. An inspection is generally not required unless the appraiser notes obvious problems with these areas, but is always a good idea if you are buying a previously owned home.

  • How much will my monthly payments be?

    Your monthly payments are broken down into principal/interest, PMI (Private Mortgage Insurance), taxes, and insurance. The principle and interest portion of your payment is based on your loan amount, your interest rate, and the term (length) of your loan. PMI is a monthly fee that is required if you put less than 20% down.  Taxes and Insurance refer to the monthly (annual divided by 12) cost of your property taxes and homeowners insurance.Be sure that you understand and are comfortable with your total monthly payment (what you will write a check for each month) before deciding to purchase a home.

  • Can the sellers pay for my closing costs?

    Yes, it may be possible for the sellers to pay for most or all of your closing costs, provided that you have satisfied the minimum down payment requirement of 3%.

  • What are closing costs and how much are they?

    Various fees and expenses payable by the seller and buyer at the time of a real estate closing. Costs may include: commissions, title insurance premiums, recording fees, inspection and appraisal fees, etc.

  • How much do I need as a down payment to qualify?

    Down payment amounts can vary anywhere from 3%-10%. On average lenders require 5% down.

  • What is a pre-approval and why do I need one?

    A mortgage pre-approval is an important part of the home buying process. Potential home buyers should contact a lender they trust to handle this important step. The lender will need a 2 year history of residence and employment, checking/savings/retirement information, and detailed information on your income just to name a few. Most sellers will want a potential buyer to be pre-approved.

Hassle free and flexible

  • Fixed and variable rate loans
  • Flexible terms available. 10-, 15-, 20- and 30-year terms
  • Purchase up to 97% loan-to value
  • Refinance no cash-out up to 95% loan-to-value 
  • Refinance with cash-out up to 80% loan-to-value
  • Single Family Residences, condominiums and PUDs only
  • Vacation homes and investment properties



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In Person

Stop by Burbank City Mortgage Services at 1800 West Magnolia Boulevard and speak with a mortgage professional today.


Dori Gregory
Real Estate Loan Originator
NMLS#  424406
Office: (818) 524-1678
DoriG@burbankcitymortgage.com

*APR = Annual Percentage Rate. Rates are quoted with zero points and other fees may apply. Rates are subject to change without prior notice. See Credit Union for details and requirements.