Atascadero Home Loans

Quick answer

Spinnaker Financial helps Atascadero buyers choose between fixed and adjustable-rate home loans. Down payments range from 0% to 25% of the price, with an average of 5% to 15%. Call (805) 238-3516.

Buying a home in Atascadero? Here are some considerations for your home loan

When purchasing a home, a major consideration is selecting your home loan. If you are looking for a great rate on an Atascadero home loan, you’ve come to the right place. One of your biggest single expenses will probably be your mortgage payment, so be sure to choose your mortgage broker carefully. When getting your home loan you will have the option of choosing a fixed rate or an adjustable rate.

A fixed-rate loan has a set term length and a set interest rate. A fixed rate home mortgage is very steady and predictable and the interest rate is set at what the current interest rate is when you obtain the loan. An adjustable rate home mortgage changes as interest rates go up or down. But oftentimes the payments with adjustable rate loans are cheaper.

Another important thing to take into consideration is how much you will need for a down payment. Down payments can range from zero to 25 percent of the home’s cost; however, the average down payment ranges from five to 15 percent.

Spinnaker Financial has a team of experts who can help you select the perfect home loan in Atascadero. Call them at (805) 238-3516.

Atascadero home prices

The median price of a home in the city is $368,000, while the median home price for homes in the state of California is $428,510.

History of Atascadero

Atascadero, zip code 93422, has a population of 28,310 and is located halfway between Los Angeles and San Francisco along Highway 101. The city was founded in 1913 by E.G. Lewis. Atascadero was the first planned community in the state and was later incorporated in 1979.

“Atascadero” is a Spanish word. It loosely translates as “bog” and from the verb “atascar” which means to get stuck or to hinder. The Spanish Franciscan missionaries traveled through the area from 1769 to 1823 when they built 21 missions along the state’s coast, including the missions in San Miguel and San Luis Obispo. Mexico won its independence from Spain in 1821 and California then became a Mexican province.

Rancho Atascadero was established in 1833 when Governor Pio Pico granted 40,000 acres to Pedro Estrada. Twenty-three thousand of those acres became the rancho. Lewis, a magazine publisher from the Midwest, purchased the rancho from J.H. Henry for $37.50 an acre and received the deed on July 4, 1913. Lewis envisioned Atascadero as a utopian community and promised future residents in some areas of the city that they could provide for their families on one acre of land. The centerpiece of the city is the City Administration Building, which was completed in 1918. The massive building was heavily damaged in the 2003 San Simeon Earthquake and reopened in August 2013.

Need a home loan in Atascadero? Call the mortgage experts at Spinnaker Financial at (805) 238-3516

Home Loans Paso Robles • Home Loans Templeton

Loan programs available in Atascadero

Frequently asked questions

Can Spinnaker Financial help me buy a home in Atascadero?

Yes. Our mortgage brokers have been processing home loans in Atascadero, Templeton and Paso Robles for many years. Call (805) 238-3516 to start with a free quote.

How much should I plan for a down payment on an Atascadero home?

Down payments range from 0% to 25% of the home price, and the average is 5% to 15%. Closing costs of about 2% to 5% are due in cash at closing. Estimate your payment with our mortgage payment calculator.

Should I choose a fixed or adjustable rate for an Atascadero home?

A fixed rate is steady and predictable. An adjustable rate changes as interest rates move, but its payments are often lower at first. Your choice depends on how long you plan to stay and your budget; see how rates work.