California home loans

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We Have a Loan That's Right for You!

 

Programs listed are only a small sample of those available to Borrowers, Home Owners, and our Real Estate Partners.  Please e-mail or call with particular scenarios so that we may provide an immediate solution and assist you in completing your transaction.

California home loans

California home loans

"Niche" Loan Programs

No Income Verification

No Minimum Credit Score
2nd Trust Deeds  

Conventional 103%

JUMBO (Non-Conforming) Loans

 

FHA Programs

 

FHA Fixed Rate
FHA Adjustable Rate
FHA 1% Advantage

 

VA Programs

 

VA Fixed Rate

 

FNMA Programs

 

FNMA Fixed Rate
FNMA Adjustable Rate
FNMA Community Home Buyer
FNMA 7 Year Balloon
FNMA 3yr, 5yr, 7yr, 10yr Fixed Rate

 

Conventional Programs

Conventional Self-Employed
Conventional Seller Advantage
Conventional 95% Cash-Out Refinance

No Income Verification/Stated Assets

FEATURES GUIDELINES
Up to 95% LTV Owner Occupied to $300 K
Up to 90% LTV Owner Occupied to $400 K
Up to 80% LTV Owner Occupied to $500 K
Up to 75% LTV Owner Occupied to $650 K
Up to 90% LTV Second Home to $250 K
Up to 70% LTV Second Home to $400 K
Up to 65% LTV Second Home to $500 K
Up to 55% LTV Second Home to $650 K

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No Minimum Credit Score

FEATURES GUIDELINES
Up to 90%LTV / 95% CLTV Full Doc Owner Occupied to $400 K
Up to 85%LTV / 90% CLTV Self Employed to $400 K (O/O)
Up to 80%LTV / 90% CLTV Stated to 400 K (O/O)
Up to 75%LTV / 90% CLTV Second Home to $300 K
Up to 70%LTV / 90% CLTV Self Emp 2ND Home to $300 K
Up to 70%LTV / 90% CLTV Stated 2ND Home to $300 K
Up to 75%LTV / 90% CLTV Non-Owner Occ to $300 K
Up to 70%LTV / 90% CLTV Self Emp Non-Owner Occ to $300 K
Up to 70%LTV / 90% CLTV Stated Non-Owner to $300 K

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2nd Trust Deeds

FEATURES GUIDELINES
Up to 100% Cash Out No Pre-Pay, No Seasoning, Debt Ratios to 55%
Owner Occ or Non-O/O Up to $275 K
Stated Income O.K. Up to $50 K
Self-Employed Up to $100 K
Up to 130% Home Improvement (After Value)

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Conventional 103%

FEATURES BENEFITS
Zero Down Payment Zero out of pocket expense
Financed Closing Costs Roll in up to 3% costs
Expanded Income/Debt Ratios Buy more home!
Loans to $325,000 Higher purchase price

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Jumbo (Non-Conforming) Loans

FEATURES BENEFITS
Loans Up to $1,000,000 Purchase or refinance
Fixed Rate Options 15/20/25/30 year terms
Fixed Term Options 3yr, 5yr, 7yr, 10yr fixed adjustable rate
Options 6mo/1yr treasury, libor, cofi

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FHA Fixed Rate

FEATURES BENEFITS
Higher Ratios Allows more borrowers to qualify
3% Down Payment Minimal cash outlay
Buydown Option Available Ability to qualify for more home
Fixed Rate Easy budgeting
Financed MIP Lowers closing close
Assumable No rate increase
Buyer must qualify

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FHA Adjustable Rate Mortgage

FEATURES BENEFITS
Higher Ratios Allows more borrowers to qualify
3% Down Payment Minimal cash outlay
Lower Initial Payment Rate Ability to qualify for more home
Financed MIP Lower out of pocket expenses
Assumable Can help in sale of home if buyers qualify
Ability to make unscheduled principal reductions and have it impact payments Can possibly reduce payments at next interest rate adjustment

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FHA 1% Advantage

FEATURES BENEFITS
1% Down Payment Can be gift funds or cash reserves
Zero Closing Costs Can be paid by seller or lender
No Income Limitations Regular FHA guidelines
No 2nd Mortgage or Recapture 99% LTV - No strings attached

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VA Fixed Rate

FEATURES BENEFITS
100% Financing No cash needed at closing for down payment
Fixed Interest Rate and P&I Payment Fixed interest rate and no M.I.
Assumable Allows qualified purchaser to assume loan, aid in sale of home
No Prepayment Penalty Allows early payoff at no additional cost

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FNMA Fixed Rate

FEATURES BENEFITS
Up to 97% LTV Minimal cash outlay
Non-Owner occupied loans on up to 4 family dwellings Can be utilized by investors
Buydown Options Ability to qualify for more homes
Fixed Rate Easy budgeting
Trailing Spouse/Relocations Loans Ability for relocating borrowers to qualify prior to spouse obtaining employment in the new location
15-20-30 Year Term Allows for earlier pay off, less interest paid

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FNMA Community Home Buyer

FEATURES BENEFITS
Low Down Payment Option Borrower can move in with only 3% of own funds
Homebuyer Education Eliminates the fear and mystery of homeownership
Higher Ratio Borrower can qualify for larger loan
No Cash Reserve Requirements Borrower can obtain high ratio loan with less cash assets
Grants and loans from Non-Profit Organizations Cash poor buyers can get gifts or specific loans, for 2% option and closing cost
Fixed Rate Easy budgeting
Up to 97% LTV Minimal cash outlay
Larger loan amounts available than FHA Higher priced property can be financed

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FNMA Adjustable Rate Mortgage

FEATURES BENEFITS
Lower initial payment rate mortgage Allows more buyers to qualify. Ability to qualify for more home
Variety of rate/point options Options to suit buyer's current needs and future financial plans
Second Home Allowed Makes program available to a wide range of borrowers
Refinancing up to 90% LTV High LTV makes refinancing recently acquired home easier
Ability to make unscheduled principal reductions and have it impact payments. Can possibly reduce payments at next interest rate adjustment

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FNMA 7 Year Balloon

FEATURES BENEFITS
Lower initial rate than a fixed rate mortgage Ability to qualify for more home / larger loan
Rate fixed for 7 years Ideal for relocation employee
More payment certainty than an ARM
Larger loan amounts available than FHA Higher priced property can be financed
Buydown Options Can qualify more buyers. Sell to builders
Trailing Spouse / Relocation Loans Ability for relocating borrowers to qualify prior to spouse obtaining employment in the new location
Up to 95% LTV Minimal cash outlay

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FNMA 3yr, 5yr, 7yr, 10yr Fixed Rate

FEATURES BENEFITS
Low Down Payment Options Move in with little or no cash
Initial Fixed Rate Period Easy budgeting with no increases
Lower Interest Rate Than Fixed Keeps monthly payment low
Flexible Financing Options Ideal for corporate relocation

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Conventional Self-Employed

FEATURES BENEFITS
Up to 100% LTV Minimal closing costs
Stated Income Minimal paperwork
No Documentation No qualifying hassle
Loans to $500,000 By more home

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Conventional Seller Advantage

FEATURES BENEFITS
Move Into New Home Without Selling Existing Residence Great for new construction or slow resale market
5% Down Payment on New Home Low cash out of pocket
No Bridge Loan or 2nd Mortgage Save on closing costs
Maximize Purchase Power Qualify without using current house payment
No Refinance Necessary When old Home Sells New mortgage balance when former residence sells

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Conventional 95% Cash-Out Refinance

FEATURES BENEFITS
Maximum Cash-Out Available Utilize home equity for needs, pay bills, vacation
Expanded Debt/Income Ratios Easier to qualify for the maximum loan
Loans to $500,000 Higher value properties

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