Welcome to the warm-hearted side of finance.
Falling in love with the house is easy. Falling in love with the financing takes a supportive partner. At Ocean Oaks Lending we’re dedicated to making your home-buying experience easier, clearer, and simpler. In a word, better. By knowing the questions to ask and the pitfalls to avoid, we put you in control.
An easier path to a better mortgage starts by talking with Teena
(805) 263.4415
Eager to get started?
Get pre-approved, or refinance your home.
Your home. Your path
I’m Teena Broumand. My job is to make your mortgage — and the path to your new front door — simple, clear and easy. I make sure you have a clear sense of your options and a thorough understanding of the process. You’ll have the confidence that you’re in control.
The loans we offer
VA loans
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To our heroes in uniform, we’re here to serve you as devotedly as you’ve served our country. Let’s unlock the door to your dream home together.
Serving in the US Armed Forces or National Guard provides Veterans and Service-Members earned entitlement benefits with the VA Loan program. These mortgage loans are guaranteed by the US Government and are designed to promote homeownership and long-term financing to eligible veterans and their families.
We are proud supporters of US Veterans and the efforts to expand homeownership opportunities. We provide our product expertise, local market knowledge, and client centric focus to help you realize the dream of homeownership.
• No down payment
• More forgiving debt-to-income ratio
• No mortgage insurance
• May require VA Funding Fee
FHA loans
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Dreaming of homeownership but worried about your down payment and credit score? The FHA Loan Program is here to open doors for you. Supported by the Federal Housing Administration, these loans are a beacon of hope, offering low down payment options with more forgiving credit requirements. While mortgage insurance is a must, being a first-time homebuyer isn’t. Ideal for those taking their first plunge into homeownership, recovering from credit hiccups, or navigating life changes like divorce, FHA loans combine lower interest rates with flexible underwriting, making your home dreams more accessible.
Jumbo loans
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Stepping into the realm of high-value real estate? Jumbo loans are your key to unlocking the doors of luxurious and higher-priced homes. Designed for loan amounts exceeding local conforming limits, these loans cater to those eyeing properties in more costly areas or expansive estates. While they come with stricter guidelines, including higher credit scores and reserve requirements, they also open a world of possibilities in real estate. At Ocean Oaks Lending, we understand the intricacies of jumbo loans. We’ll walk you through options like combined mortgages or piggyback loans and use smart, easy-to-understand analysis to find the best path for your grand home aspirations.
First-time home buyer loans
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First-time jitters? Fret not! We’re your confidant in the home buying process, providing wisdom and support from start to finish.
Refinance for better rates
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Wondering if a refinance makes sense? We remove the guesswork for you. By taking a look at several factors like your current interest rate, how long you’ve been paying on your current mortgage, and where rates are currently, we can show you what makes sense and what doesn’t.
A refinance can benefit you by:
• Lowering your interest rate
• Removing mortgage insurance
• Reduce the term of your mortgage
• Finance college with home equity
• Consolidate higher interest debt
• Use equity for home improvements
Bank statement loans
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Running your own business shouldn’t be a barrier to homeownership. I understand that traditional loan applications might not reflect your true financial potential, especially after business write-offs and deductions. That’s where Bank Statement Loans come in. Tailored for the self-employed, we assess your income based on 12 or 24 months of personal or business bank statements. This approach focuses on your actual cash flow, not just the income on paper. You keep focusing on growing your business; we’ll focus on unlocking the door to your new home.
Conventional loans
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Choosing a conventional loan means choosing stability and flexibility for your home financing journey. Ideal for those planning to stay in their home beyond the short term and with good credit, the conventional loan is your pathway to a consistent and predictable homeownership experience. Not just confined to the standard 30, 20, or 15-year options, our custom loan terms let you tailor your mortgage to fit your life perfectly. Whether it’s aligning with your retirement plans or matching your next career move, we craft loan scenarios that align with your unique timeline and goals. Fixed rates, stable payments, and the simplicity of principal and interest in one – it’s home financing that grows with you.
USDA loans
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Imagine owning a home amidst the tranquility of rural America – a USDA Loan can make this serene dream a reality. Backed by the Department of Agriculture, these loans are designed for aspiring homeowners in less industrialized areas, covering over 97% of the US. From cozy cottages to sprawling estates, a variety of property types await in towns with typically fewer than 35,000 residents. Navigating the USDA Loan’s unique criteria, like household income limits and property location, can be tricky, but that’s where we shine. With no down payment required and a commitment to making rural homeownership accessible, we’ll guide you through each step to ensure both you and your home fit perfectly within USDA’s welcoming embrace.
Construction Loans
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Dreaming of a home that’s uniquely yours?
With a One-time-close Construction Loan, you’re covered for not just the construction of your new home, but also the land on which it stands. This loan is designed for those who envision more than just a house – those who see a future in every brick and beam.
If improving an existing home is more your jam, then a limited or standard rehabilitation loan could help you purchase the home and improvement costs all in one loan.
From securing the perfect plot of land to laying the last tile, we’re here to finance every step of your journey towards building your dream home.
HELOC loans
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Your home is more than just a place to live; it’s a financial resource waiting to be tapped into. With a Home Equity Line of Credit (HELOC), you can access your equity through a secondary loan, without the need to refinance your first mortgage. It’s the perfect solution for funding renovations, consolidating debt, or covering major expenses. A HELOC provides the flexibility to borrow against your home’s value as needed, ensuring you have financial support exactly when you want it.
Reverse mortgage loans
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Imagine transforming your home’s equity into a financial tool that enhances your retirement. A Reverse Mortgage does just that, offering homeowners aged 62 and older the opportunity to convert part of their home equity into cash. This option can provide a more comfortable and secure retirement by supplementing income, covering medical expenses, or even funding those long-awaited travel plans. With a Reverse Mortgage, you retain home ownership and can enjoy the benefits of your lifelong investment, without the burden of monthly mortgage payments.
Welcome, home.
From military to homeowner, get the benefits you deserve.
Serving in the US Armed Forces or National Guard provides Veterans and Service-Members earned entitlement benefits with the VA Loan program. These mortgage loans are guaranteed by the US Government and are designed to promote homeownership and long-term financing to eligible veterans and their families.
We are proud supporters of US Veterans and efforts to expand homeownership opportunities. We use our product expertise, local market knowledge, and client-centric focus to help you realize the dream of homeownership.
• No down payment • More forgiving debt-to-income ratio • No mortgage insurance • May require VA Funding
Ocean Oaks Lending is on the ‘Gram
Personalized service.
Professional Experience.
Why choose Ocean Oaks Lending over larger firms? Here, you’re not just another transaction; you’re part of our community.
Our loan process is simple.
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1. Get pre-approved
We take a close look at your income, assets, and credit, crafting a loan plan that fits your unique story and future aspirations. It’s about finding the perfect match for your financial goals, whether it’s a new home, a better loan, or leveraging your equity.
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2. Cross the T's and dot the I's
Once you’re set on a home or loan option, we’ll handle the paperwork and coordinate all the necessary steps. It’s about making sure every detail is in place for a smooth transition to your new phase.
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3. The home stretch
Reaching the final step – your goals within grasp, be it a new home, financial ease, or funds for your next venture. Time for a celebratory moment as you step into new possibilities.
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4. Find your fit
Work with your trusted real estate agent to find and put an offer on your ideal home. And if you’re refinancing or exploring reverse mortgages, this is where we tailor the options to align with your current needs and future plans.
Clear, practical advice for your home-buying journey.
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We'll help you figure out the best loan amount and down payment for your situation, ensuring you get the most value for your budget.
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Wondering what all these rates and terms mean? No need to worry about tax jargon or loan limits – we'll explain it all in plain language, specific to your county and unique situation.
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We'll look at your upfront cash availability and help you find a payment plan that feels comfortable and sustainable for your budget.
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IWe’ll explore ways to pay off debts or improve your credit score, setting you up for a stronger financial future.tem description
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Our goal is to negotiate rates and terms that work best for you, so you can enter into your mortgage with confidence and peace of mind.
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Whether you’re planning for a growing family, eyeing early retirement, or considering investment properties, we take a holistic view of your long-term objectives.
Our Services
Affordability solutions
Access to multiple lenders
Unique loan programs
Loan comparison and fiduciary-based guidance
Negotiation impacts
Rate locking guidance
Specialized expertise
California • Colorado • Viginia
With national reach
A clear, simple process to guide your
home-buying decisions.
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Think of a mortgage pre-approval as your golden ticket to the home buying show. It’s proof that you’re not just window shopping – you’re a serious buyer with the means to buy a house. Plus, it gives you a clear picture of what you can afford, so you don’t fall in love with a castle when your budget says cozy cottage. It’s like knowing exactly how much you can spend at a candy store – sweet, right?
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In the world of home buying, having bad credit is a bit like showing up to a potluck with store-bought cookies; it’s not ideal, but it’s not a deal-breaker either. There are options like FHA loans that are more forgiving with credit scores, so you might still get to enjoy the homeownership feast. Just be prepared to work a bit harder for it, and maybe bring an extra side dish to the table – like a larger down payment.
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Picture this: A fixed-rate mortgage is like a classic rock song – steady, predictable, and you know exactly what you’re getting from start to finish. An adjustable-rate mortgage (ARM), on the other hand, is more like a pop song with a catchy beat that changes tempo partway through. It starts with a fixed intro (the initial rate period), but then the rate can go up or down, making your monthly payments a bit of a dance-off with the market rates.
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Ah, the down payment – the first big hurdle in home buying. While 20% down is the traditional track, it’s not the only route to homeownership. Many loans (like FHA) let you leap over with as little as 3.5% down. It’s like ordering a fancy coffee; you don’t always need the large size to get your caffeine fix. Smaller can still get you where you’re going, just with a little less upfront.
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Closing costs, the final boss battle before you get the keys. It might feel like everyone’s got their hand out, but these costs cover important stuff like appraisals, legal fees, and loan processing – ensuring the home is truly yours, free of surprises. Think of it as the last level in a video game; it’s challenging, but the reward is your very own home castle. And hey, who doesn’t love a good boss battle victory?
Let’s work together
Interested in working together? Fill out some info and we will be in touch shortly!
