Loan Programs

Below is a brief description of available mortgage programs… to learn more:

FHA Mortgage Loans

FHA Loans need only 3.5% low down payments, flexible credit guidelines, and work with down payment assistance programs to help home buyers …..(read more)

VA Mortgage Loans

The VA direct home loan program is a 100% no down payment – no monthly mortgage insurance program designed to help eligible veterans and active duty military purchase a …..(read more)

CalHERO Home Loan

The CalHERO Mortgage program is for Veterans, Active Duty Military, Police, Law Enforcement, Firefighters, Teachers/Educators and administrative staff, and Nurses in California. ……(read more)

USDA Rural Development Home Loans

A flexible credit 100% financing no down payment home mortgage loan helping buyers with moderate incomes qualify to purchase a home in eligible areas …..(read more)

HomePath Home Loan

Fannie Mae has DISCONTINUED the HomePath Home loan and replaced it with the HomeReady 3% Down Payment Mortgage Program.  HomePath financing is only available to purchase Fannie Mae bank owned homes with down payments as low as 3.5% with no mortgage insurance …..(read more)

Conventional Home Loans

Most lenders would consider a conventional mortgage as a loan that conforms to the guidelines set forth by Freddie Mac and Fannie Mae, the two government sponsored enterprises (GSEs) ….(read more)

Down Payment Assistance Programs in California

Most home buyers (and lenders) are not aware of the down payment / closing cost assistance programs available to them.  Some are good, some are not.  Available for first time and move up buyers …..(read more)

Jumbo Mortgage Financing

In the United States, a jumbo mortgage is a mortgage with a loan amount above conventional conforming loan limits. This standard is set by the two government-sponsored enterprises …..(read more)

Home Equity Loans

A home equity loan (sometimes abbreviated HELOC) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance …..(read more)

Reverse Mortgage Senior Loans

A lifetime loan available to seniors, and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner’s obligation to repay the loan is deferred until the owner …..(read more)

203k Rehab Renovation Loan

The financing for this loan will include the purchase price, as well as the improvements you are either required to do to be able to live in the home, or that you want to do, such as upgrade the kitchen…..(read more)

Mortgage Terms / Vocab

While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms that most borrowers will hear several times …..(read more)

How Much Can I Afford?

one of the most important items to remember when looking into financing is there is sometimes a difference in the amount a borrower can qualify for vs what’s in their budget for a comfortable …..(read more)

Property Types

Whether you are purchasing, doing a rate/term refinance or taking equity out of your property through a cash out refinance, occupancy type is a major factor in determining the amount of down payment …..(read more)

What is Mortgage Insurance?

Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. …..(read more)

FHA Mortgage Insurance

FHA insurance is required for any FHA mortgage, irrespective of the size of the down payment provided. The premiums for both insurances get cancelled at a certain point …..(read more)

Credit Do’s and Don’ts

How can a fully approved loan get denied for funding after the borrower has signed loan docs? Simple, the underwriter pulls a new credit report to verify that there hasn’t been any new activity since …..(read more)

VA Funding Fee

The VA Funding Fee is an essential component of the VA home loan program and is a requirement of any veteran taking advantage of this zero down payment government loan program. …..(read more)