Long Beach Mortgage Company

Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[0/5]Total Votes [  ]  
Rate this page:
The Long Beach Mortgage Company is an US-based home loan mortgage company. The main business activity of Long Beach Mortgage Company involves facilitation of sub-prime mortgage loan to individuals and corporates across United States of America.

This mortgage loan company is a part of the legendary Washington Mutual Bank and Long Beach Mortgage Company was acquired by the Washington Mutual Bank in the year 1999. Within a very short period of time this home mortgage company has earned good reputation for being a quick and efficient mortgage loan provider. Long Beach Mortgage Company provides mortgage loans at competitive rates and is one of the industry leaders in the mortgage loan business. The business of Long Beach Mortgage Company spreads across the whole of United States of America.

The processing of application for mortgage loan starts as soon as a mortgage loan application is forwarded to any of its branches. The application is then forwarded to a home loan expert who assesses the mortgage loan value through a comprehensive appraisal process. The parameters that are taken into to account during the process of appraisal of the home loan mortgage are as follows -
  • Credit history of the borrower and history of previous debts and their repayments made by him
  • Loan repaying capacity of the borrower and mortgage loan repaying ability of the said person based on his annual income and other existing loans (if any)
  • Value of the collateral mortgaged for buying or refinancing
The contact details of Long Beach Mortgage Company are as follows -

The company's headquarters are located at:

Long Beach Mortgage
1400 S. Douglass Road
Suite 100
Anaheim, CA 92806
(800) 743-3336

For find the Long Beach Mortgage office nearest to you, you can use their Office Locater.

Company Headquarters

Products and its related terms and conditions of Long Beach Mortgage Company are as follows -

Loan products with 40-year amortization term:
  • Four options available: 40-Year Fixed, 2/38, 3/37 and 5/35 ARMs
  • With minimum 550 credit score
  • With loan sizes up to $1.3 million
  • With maximum LTV of 95% and maximum CLTV of 95%
Premium A-credit grade with loan sizes to US$ 1.3 million
  • With 95% of LTV full documentation and with minimum of 580 credit score
  • 95% LTV stated documentation and minimum of 620 credit score
  • With maximum debt to income of 55% and up to 90% LTV; 50% on LTVs greater than 90%
  • And with documentation types - full, limited and stated
Interest only:

  • With 1st lien loans
  • Available on Premium A Plus through B Credit Grades
  • With full documentation and minimum credit score of 600, and maximum LTV of 90%
  • With stated income and minimum credit score of 660 and maximum LTV of 85%
  • With 95% of CLTV on owner occupied properties and 90% on Non-owner occupied properties
  • And 1-4 units of condos and PUDs
Combo 1st with 2nds:

  • Combo loan sizes up to US $ 1.3 million and with 640 or higher credit score
  • With Minimum FICO of 600 for full documentation and 640 for stated income
  • Up to 30 years on 2nd mortgage term
  • Available on premium A plus, premium A, and A maximum of 1 X 30 mortgage dates
  • With maximum 2nd lien of US$ 260,000
  • Purchase and refinance transactions facility
  • Maximum Debt-to-Income to 50%

Last Updated on 5/26/2011