Welcome to pointLoan.com

"0Pointloan was founded in 1999 as an Internet Lender, committed to using technology to provide a lower cost and more convenient mortgage to our customers. We reduce costs by utilizing automated underwriting systems and other technologies, and by lending in California. 0Pointloan.com was founded by Jay Patel, who has been in the industry for over 22 years."


    First-Time Homebuyer

    Being a first-time homebuyer can be stressful and confusing, but working with the 0Pointloan can make all the difference. As a first-time buyer looking for a great home, the right neighborhood ...


    Refinance Loan Process

    When it comes to refinancing your home, it’s not quite the same process as it would be to get a mortgage for a new home you want to buy. 0Pointloan can help you get refinanced, so you can...


    Cash-Out Refinancing

    Refinancing a home is often done to get a lower mortgage payment based on a better interest rate, but there are other reasons to refinance. One of those reasons is to get cash, so you can use ...


Calculate Your Monthly Payments


Below, you will see a brief description of loan types that are currently being offered as well as some that may be phased out in the near future. Please call us at 1-800-LOAN-456 to see if the loan type you are looking for is being offered.


Get Your Custom Quote

Stop shopping around. We go beyond the basics and ask the right questions to get you the most accurate quote for your unique situation.


Submit Your Application

We take the headache out of completing your loan. Using our fast online application process you can refinance from start to finish from the comfort of your home.


Verify & Document

Forget dealing with papers and trips to the bank. Verify your credit scores and upload your documents through your secure portal.


Close Your Loan

Once you’re approved, we’ll underwrite, appraise, and close your loan 3 times faster than the industry average. Enjoy a quick close and get back to living life.



Types of Loans

Below, you will see a brief description of loan types that are currently being offered as well as some that may be phased out in the near future. Please call us at 1-800-LOAN-456 to see if the loan type you are looking for is being offered.


Today's Mortgage Rates as of 4/22/2015

Loan Program Rate APR
30 Year fixed 3.625 3.637
15 Year fixed 2.875 2.871
10 Year fixed 2.875 2.793
15 Year fixed FHA 2.875 2.793
5/1 ARM 2.875 3.168

Click here to see the loan amounts and property values the rates above are based on. See points and detailed closing costs by using the banner on the left.


Frequently Asked Questions

I can’t afford 20% to put down on a house?
It shouldn’t be a problem. There are many programs available today that require less than 5% down payment. The best thing to do would be to call us and we can find the right program for you.
Do you offer Custom Loan programs?
Yes, the different types of loan programs being offered are changing every day. We find the best loan scenario for all of our clients. Unlike big banks that are restricted to using loan programs and rates being offered at that time by the bank, we have access to many lenders. What we do is find the lender that best fits your needs. Call us today and let us show you what we can do for you.
Can I use some of my IRA or 401(k) plan for a down payment?
Yes you can. However, the rules regarding this issue are constantly changing. Your best bet would be to contact your accountant. Your accountant can inform you of your best options in regards to this.
What’s the difference between a fixed and adjustable rate mortgage?
With a fixed rate mortgage, the interest rate and the amount you pay each month remain the same over the entire mortgage term, traditionally 15, 20 or 30 years. A number of variations are available, including five- and seven-year fixed rate loans with balloon payments at the end. With an adjustable rate mortgage (ARM), the interest rate fluctuates according to the indexes. Initial interest rates of ARMs are typically offered at a discounted ("teaser") interest rate lower than fixed rate mortgage. Over time, when initial discounts are filtered out, ARM rates will fluctuate as general interest rates go up and down. Different ARMs are tied to different financial indexes, some of which fluctuate up or down more quickly than others. To avoid constant and drastic changes, ARMs typically regulate (cap) how much and how often the interest rate and/or payments can change in a year and over the life of the loan. A number of variations are available for adjustable rate mortgages, including hybrids that change from a fixed to an adjustable rate after a period of years.
Is a fixed or an adjustable rate mortgage better?
It depends. Because interest rates and mortgage options change often, your choice of a fixed or adjustable rate mortgage should depend on: the interest rates and mortgage options available when you’re buying a house your view of the future (generally, high inflation will mean ARM rates will go up and lower inflation that they will fall), and how willing you are to take a risk. When mortgage rates are low, a fixed rate mortgage is the best bet for most buyers. Over the next five, ten or thirty years, interest rates are more apt to go up than further down. Even if rates could go a little lower in the short run, an ARM’s teaser rate will adjust up soon and you won’t gain much. In the long run, ARMs are likely to go up, meaning most buyers will be best off to lock in a favorable fixed rate now and not take the risk of much higher rates later. Keep in mind that lenders not only lend money to purchase homes; they also lend money to refinance homes. If you take out a loan now, and several years from now interest rates have dropped, refinancing will probably make sense.
What is private mortgage insurance (PMI)?
Private mortgage insurance (PMI) policies are designed to reimburse a mortgage lender up to a certain amount if you default on your loan. Most lenders require PMI on loans where the borrower makes a down payment of less than 20%. Premiums are usually paid monthly or can be financed. With the exception of some government and older loans, you may be able to drop the mortgage insurance once your equity in the house reaches 22% and you’ve made timely mortgage payments. The Servicing Lender will have the requirements for canceling the mortgage insurance.

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