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Welcome to Loan Programs
There are many different kinds of home loans for all different situations. Never belieive you are not ment to own a home. The only way to know if you dont qualify for a home loan is to go through the loan application process. Reach out today for a breakdown of what we can offer you.
Finding a Program for Every Situation
A Helping Hand
Are you a first-time homebuyer in California or a current homeowner looking to refinance? Are you wondering about how the loan pre-approval process works? What about mortgage pre-approval versus pre-qualification? We can answer all of your questions and assist you throughout the loan process. From applying to underwriting to closing, our knowledgeable loan consultants will ensure that your experience is simple and convenient. With our professional guidance, you can find a mortgage loan that meets your needs and makes sense for your financial situation. As a licensed mortgage loan firm, we can offer you loans from various lenders and take care of the busy work for you. Our goal is to get you the right deal as quickly and easily as possible. Get in touch today to learn more. We are available to assist clients in and around Sonoma County.
Different Types of Loan Programs
Conventional
Conventional
Conventional
Conventional mortgages typically have a fixed rate of interest, which means that the interest rate does not change throughout the life of the loan. Conventional mortgages or loans are not guaranteed by the federal government and as a result, typically have stricter lending requirements by banks and creditors.
Min 5% Down
FHA
Conventional
Conventional
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA insured loans are a type of federal assistance. As of 2019, an FHA loan can cover up to 96.5% of the home’s value with a 3.5% down payment. The requirements are designed to help lower-income borrowers become homeowners.
VA
Conventional
Adjustable Rate
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and new construction. Can be No Down
Adjustable Rate
Adjustable Rate
Adjustable Rate
An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. With an adjustable-rate mortgage, the initial interest rate is fixed for a period of time. After this initial period of time, the interest rate resets periodically, at yearly or even monthly intervals. ARMs are also called variable-rate mortgages or floating mortgages. The interest rate for ARMs is reset based on a benchmark or index, plus an additional spread called an ARM margin..
Jumbo
Adjustable Rate
Reverse
In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits.[1] This standard is set by the two government-sponsored enterprises, Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender. Fannie Mae (FNMA) and Freddie Mac (FHLMC) are large agencies that purchase the bulk of U.S. residential mortgages from banks and other lenders, allowing them to free up liquidity to lend more mortgages. When FNMA and FHLMC limits don't cover the full loan amount, the loan is referred to as a "jumbo mortgage" .
Reverse
Adjustable Rate
Reverse
A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insurance. Reverse mortgages allow elders to access the home equity they have built up in their homes now, and defer payment of the loan until they die, sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month.