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Rate Update

Rates at 2017 Lows for 2 Consecutive Weeks

The Freddie Mac mortgage remained the same as the week prior at a level of 3.78% APR; for the second consecutive week of 2017 lows. APR still remains higher than it was a year ago when it was at a level of 3.50%, but the gap is shrinking on a yearly basis; it is only 28 basis points lower on a year on year basis than the current APR of 3.78%.

Attributed to Sean Becketti, chief economist, Freddie Mac.

“Following a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week. The 30-year mortgage rate, however, remained unchanged at 3.78 percent. If Treasury yields continue to rise, mortgage rates could see an increase in next week’s survey.”

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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New Listing! 4 Bedroom 3 Bath Home


Situated at the end of a rare flag lot sits this two story, four bedroom home with a FIVE car garage, pool and hot tub. Enjoy over-sized formal living and dining rooms with a roomy kitchen, family room with beautiful oak bar and guest room downstairs. Upstairs offers a supersized master bathroom, two closets, and a generous sized bedroom along with two more bedrooms, a full bath and utility room. This unique park-like property offers privacy and serenity.
Wendy Teixeira 805.310.3505

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! 3 Bedroom 2 Bath Home in Santa Margarita


Santa Margarita horse property for sale with views! Enjoy 9.7 acres of privacy in a gated location backing to a large parcel. The sellers have put a lot of upgrades into this property including all new kitchen appliances, new air conditioning heating, new solar system that is paid for, new hot water heater, new 5 foot fencing, new pump in the well, and a new roof on the barn. It is move in ready, bring the horses, and animals you will love the peace and quiet Santa Margarita has to offer. This 3 bedroom 2 bath manufactured home with a screened in porch has an open great room feel, with low utility bills. The large master bedroom has a large walk in closet, and a door to the back yard. The shop has a second story that could be a large office/guest room, it has a deck with a separate entrance overlooking amazing views of the forested parcel behind. Keep the binoculars handy Santa Margarita has a lot of wildlife. Enjoy established fruit trees including pears, and apricots. Santa Margarita grade school is very popular in the area, the bus still picks up students. There are trails located within a few miles to ride your horse, or hike to Santa Margarita lake. Another trail takes you all the way to Lake Lopez. The town of Santa Margarita is like a step back in time. Enjoy community potlucks, and movies in the park. The sunsets at this property are relaxing, the birds are abundant, and the house is move in ready. This property is about 14 minutes from Santa Margarita.
Kathy Birhkhahn 805.610.6650

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! Affordable 4 Bedroom 2 Bath


An affordable slice of the Central Coast is right at your fingertips! USDA financing elegible! This comfortable four bedroom home in Casmalia offers peace and quiet and a beautiful view of the hills. Updated touches throughout. Some newer kitchen appliances. Private master suite. Indoor laundry. Large driveway and oversize garage leave plenty of room for all your vehicles and toys. Convenient location for commuters to Vandenberg AFB or Lompoc. And an added bonus — you’re right down the street from the world famous Hitching Post Restaurant! Listed at $310,000

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! 4 Bedroom 2 Baths in Santa Maria


Clean and updated in Northeast Santa Maria! Comfortable four bedroom home has large kitchen and dining room open to large living room, with attached attractive all-seasons outdoor room. Updated throughout; shaker kitchen cabinets with granite counters; modern bathroom tile and vanities; hardwood and laminate flooring. Newer roof and exterior paint plus vinyl dual-pane windows; expanded driveway large enough for RV parking. Backyard with many fruit trees and large storage shed. Easy access to 101 Freeway and walking distance to elementary schools.
Gina Gluyas 805.310.7208

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! Beautiful Home in Downtown SLO


This beautiful home, walking distance to downtown San Luis Obispo, was completely rebuilt into a luxury masterpiece in 2008. This property, with gorgeous backyard views of Cerro San Luis and creek side tranquility, offers the perfect SLO lifestyle. The completely custom, single-level home floor plan is approximately 2700 square feet on an 8000 foot parcel. It is completely handicap accessible. There are three large bedrooms, two of which are dual master suites that have walk-in closets and well-appointed bathrooms. The main living area features a gourmet kitchen with custom cherry cabinetry, granite countertops, two convection ovens, a five gas cooktop burner, an oversized pantry, and a perfect dual sink island for gourmet cooking and entertaining. The attention to detail can be found throughout this home, with high ceilings featuring crown molding, recessed lighting and fans, a picture perfect 12’ custom living room wood sliding door, high windows around the living, dining, and kitchen to maximize views, custom bathroom and laundry cabinetry made of alder wood, bamboo flooring, travertine tile, indoor laundry, and a finished two car garage. There is a permitted backyard shed structure, beautiful hardscape surrounding the producing avocado, lemon, and orange fruit trees. The custom Trex decks sport soft curves and the lawn area provides a nice additional play area. The front and back yards are on a drip and sprinkler system. Welcome to the SLO dream!
Collette Kutil 805.801.8114

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! Move-In-Ready Orcutt Home


Orcutt! Walk to schools and parks! This fabulous three bedroom, two bath home offers a cozy entrance with courtyard, updated kitchen including paint, granite counters, oven, microwave, and flooring. This floor plan offers easy living with the breakfast bar, dining open to the large living room complete with fireplace and lots of light. Enjoy remodeled bathrooms, fresh paint and like new fixtures in this move-in ready home.
Wendy Teixeira 805.310.3505

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! 3 Bedroom Home in Santa Maria


Santa Maria cutie! This freshly painted home includes newly replaced carpet and finishes. The dual pane windows create lots of natural light and showcase the pretty fireplace and quaint bookshelves in the living area. Enjoy the roomy kitchen and dining area. The three bedrooms are nicely sized too with fresh paint and carpet. The hall bath was completely remodeled and features a glass shower, dual sinks and everything is practically new. Everything this home has to offer includes charm including the brick patio, mature landscaping and roomy yard!
Wendy Teixeira 805.310.3505

Written by Keith Byrd - Go to Keith's Website/Profile

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Farm, Ranch & Hobby Farm Loan Programs

Farm and Ranch Program

We support California agriculture! Loans for agriculture-zoned land (land, buildings, equipment, fixtures) and hobby farms.

Under our unique Hobby Farm Home Loan Program, homebuyers are eligible for up to $1.5 million to finance a purchase of a “Hobby Farm”, which is defined as a primary residence, but can be rental capable of some sustained agricultural production.

Central Coast Lending’s Farm and Ranch Program gives buyers up to $50 million to make farm and ranch purchases (land, buildings, equipment fixtures) to support agricultural production.

The Hobby Farm Home Loan Program is perfect for buyers who want to finance a purchase of a home on land with farm production capacity, while still relying on off-farm means for the majority of their income. Can use property income for qualifying.

Property qualifications are as follows:

  • Single family, detached residence
  • Owner occupied, primary residence, or investment with or without home
  • Must be “Hobby Farm” – defined as property with at least five acres of land with agriculture production capability OR used to produce gross annual income of at least $5,000.

The Hobby Farm Home Loan Program is eligible for financing investment properties, second homes, lot purchases, or townhouses.

Borrowers qualify with a credit score of 700 and a history clean of major negative credit events (bankruptcies, foreclosures, short sales).

General loan qualifications are as follows:

  • Minimum credit score of 680

Down payment requirements vary based on the loan amount:

  • 30%: $5 million
  • 40%: $50 million

To complete the loan, the property must meet several additional requirements, including zoning, environmental, dwelling, and crop-type qualifications.

The Hobby Farm Home Loan Program also offers these nifty options for borrowers:

  • Purchase / Refinance Combo: Borrower can pay off existing liens while accessing funds to purchase additional land.
  • Cash-Out Refinance: Proceeds must be used for property improvement or refinance of primary home.

Farm and Ranch Program


Central Coast Lending’s Farm and Ranch Program gives buyers financing capacity of up to $50 million to purchase parcels of land to use for agricultural production. Under the program, financing is also available for buildings, fixtures, equipment, and facilities (dairies, feedlots, storage units or processors) that are attached to the land.

Property qualifications are as follows:

  • Agriculture-zoned land (capable of producing agricultural commodities or products)
  • Minimum of five acres, no maximum acreage BUT if property is less than five acres, must produce over $5,000 in annual gross sales of agricultural products.

Eligible borrowers must be U.S. citizens or permanent residents with a minimum credit score of 680. Private corporations or partnerships are also eligible, providing members, stockholders, or partners with majority stakes are citizens or lawful permanent residence.

The loan-to-value (LTV) ratio describes the maximum eligible loan relative to the total value of the property. Maximum LTV options for the Farm and Ranch Program include:

  • 70%: Land loans up to $5.0 million:
  • 60%: Land loans exceeding $5.0 million:
  • 65%: Facilities loans (dairies, feedlots, storage units or processors)

The mortgage rate can be structured as either fixed (for a term 7, 10, 15, 20, 25, or 30 years) or adjustable (5-year Adjustable Rate Mortgage, 7/1, 10/1). ARMs offer a fixed mortgage rate for a preset amount of years, before resetting to a sliding rate that adjusts based on a market index.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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New Lisiting! 3 Bedroom Los Osos Charmer


This is the quintessential Los Osos charmer. With 3 bedrooms and 2 baths, this wonderful home is tucked in among great neighbors and near Baywood Elementary School and Los Osos Middle School. Enjoy the ambiance and warmth of the 3-sided fireplace between the living room and dining area. The kitchen has been nicely remodeled and features a brand new range. All appliances, including the refrigerator and washer/dryer stay with the house. The master bedroom features two full sized closets, an en suite bathroom and has beautiful French doors leading to the backyard. There you can enjoy the deck, fire pit and plenty of room for a garden. Additional living space is available in the bonus room off the kitchen or it could be restored to a standard 2 car garage. The laundry area is conveniently located in a spacious closet in the kitchen. Explore the nearby Elfin Forrest, shop the weekly Farmer’s Market only blocks away and enjoy life on the Bay.
Kay Cementina 905.748.1438

Written by Keith Byrd - Go to Keith's Website/Profile