We provide most every mortgage product available in California. Government Backed Loans The primary benefit of VA Loans is they go up to 100% Loan-to-Value (LTV). FHA Loans go up to 96.5% LTV. The disadvantage is their large Upfront Fees. (See Settlement Costs) FHA Advantages - Low down payment. As little as 3.5%
- Borrowers with limited established credit
- More flexible guidelines
- Refinance up to 95%
- Increased conforming loan limits, as per Fannie & Freddie
- Minimum 620 FICO Score
- Seller contributions to 6%
- No reserves required on 1 to 2 unit property
- Non-occupant co-borrowers allowed to help you qualify
Refinance Problems? Owe more than your property is worth? There are a few options for "under-water" property if you currently have a Fannie Mae or Freddie Mac Loan. You may qualify for their DU Refi Plus or Relief Refinance Mortgage. Both go up to 125% LTV. This might be for you? Government Sponsored Enterprises GSE Advantages - No Upfront Fee
- On our minimum loan amount of $300,000, you would save, compared to FHA, $6,750.00 & compared to VA, $9,000.00 in upfront fees
- Up to 95% financing on conforming loan amounts
- Up to 90% financing on high cost conforming loan amount
GSE Disadvantages Compared to FHA, USDA & VA - Traditional underwriting guidelines
- Larger down payment
Conforming Residential Single Family Single Family to $417,000 to 95% LTV Two Unit to $533,850 to 80% LTV Three Unit to $645,300 to 80% LTV Four Unit to $801,950 to 80% LTV $300,000 is our Minimum Loan Amount Conforming Jumbo High Cost Residential Loans Conforming Jumbo Single Family High Cost 2010 Maximum Loan Limits by County Alameda, Contra Costra, Los Angeles, Marin, Monterey, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Cruz & Ventura County Single Family to $729,750 to 90% LTV Two Unit to $934,200 to 90% LTV Three Unit to $1,129,250 to 80% LTV Four Unit to $1,403,400 to 80% LTV Riverside & San Bernardino County Single Family to $500,000 to 90% LTV Two Unit to $640,100 to 90% LTV Three Unit to $773,700 to 80% LTV Four Unit to $961,500 to 80% LTV San Diego County Single Family to $697,500 to 90% LTV Two Unit to $892,950 to 90% LTV Three Unit to $1,079,350 to 80% LTV Four Unit to $1,341,350 to 80% LTV San Luis Obispo County Single Family to $687,500 to 90% LTV Two Unit to $890,100 to 90% LTV Three Unit to $1,063,850 to 80% LTV Four Unit to $1,322,150 to 80% LTV Condominiums We Provide Condominium Loans only on Non-Conforming Loan Amounts Non-Conforming Residential Jumbo Loans Single Family & 1 to 4 Units Maximum Loan-to-Value $729,751 to $1,000,000 to 80% LTV $1,000,001 to $2,000,000 75% to 80% LTV (depending on lender) $2,000,001 to $3,000,000 65% to 75% (depending on lender) $3,000,001 to $5,000,000 to 65% LTV Unique Jumbo Single Family Jumbo Single Family Rural Jumbo Single Family Note: We only provide 1st & 2nd Combo Loans on Brokered Loans with the Same Lender. We do not Refinance a 1st Position Loan with a Subordinating 2nd. |