Your Local Mortgage Lender
Located in San Jose, California
Personalized Mortgage Experience
John Zialcita offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in San Jose, California.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
The Fed Just Raised Rates and Here Is What That Actually Means for Your Mortgage Payment
The Most Common Misconception Every Fed Announcement Produces
When the Federal Reserve raises rates the reaction is immediate and predictable. People assume their mortgage rate just went up by the same amount. John Zialcita wants buyers and homeowners to understand why that assumption is wrong before it shapes any financial decision.
What the Fed Actually Controls
The Federal Reserve controls the federal funds rate. That is specifically the short-term rate that banks charge each other for overnight lending. When that rate moves the effects ripple through short-term borrowing costs fairly quickly. Credit card rates adjust. Auto loan pricing moves. Home equity lines of credit, which are tied to the prime rate that follows the federal funds rate closely, feel the change almost immediately.
A thirty-year fixed mortgage rate is a completely different instrument that responds to completely different inputs.
What Actually Drives Your Mortgage Rate
Thirty-year mortgage rates follow mortgage-backed securities and the ten-year Treasury yield. Those markets move based on inflation expectations, labor market data, and where institutional investors believe the economy is heading over a long time horizon. They are forward-looking and they respond to the collective judgment of the bond market rather than to a single policy decision made at a Federal Reserve meeting.
The practical implication is that when the Fed announces a rate hike mortgage rates do not automatically move by the same increment. Sometimes they move very little. Sometimes they move in the opposite direction. And sometimes they have already moved before the announcement because bond market participants had been pricing in the expected decision for weeks. The announcement itself can be a non-event for mortgage rates because the market already reflected what it expected to hear.
Where the Focus Actually Belongs
The Fed headline is not the variable that determines your monthly payment. Your payment strategy is.
In the current market seller concessions are available and negotiable in ways they were not during the peak of the seller's market. A temporary rate buydown funded by the seller reduces the payment during the early years of the loan without requiring the buyer to bring additional cash to closing. The right loan program for your specific timeline and financial profile changes the payment calculation in ways that have nothing to do with what the Fed did this week.
All of those tools are still on the table right now.
Send John Zialcita a message and he will run the numbers on what a purchase actually looks like for you in the current rate environment. No pressure. Just clarity.
Sources
FederalReserve.gov
TreasuryDirect.gov
MortgageNewsDaily.com
ConsumerFinancialProtectionBureau.gov
Investopedia.com
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