Purchase or Refinance Real Estate in Southern California
We are committed to providing a stress-free loan application, which means to you, no fees until you close your transaction. If your loan doesn't close for any reason, you pay nothing…Guaranteed!!!
Most lenders utilize a credit score (FICO) to determine your credit worthiness. Those lenders may disqualify you if your FICO score isn't high enough. We believe in common sense lending, real people, not credit scores. As well, we are one of a very few lenders in the country who will do a 30 year Fannie Mae fixed rate loan with NO FICO scoring.
The 4506 is a form most lenders require you sign prior to funding your loan. This form allows a lender to compare tax returns used to obtain your financing to those submitted to the IRS. If you are asked to sign this form, be sure your lenders name appears on the form and be sure the form is dated. We have never required this form on any of are portfolio loan programs.
Many of our programs require no income documentation. This means to you, no tax returns, no W-2s, no paystubs, no reserves after closing and even in some cases, no verification of down payment. Credit does not have to be perfect. We use common sense underwriting, not credit scoring.
As of November, 1998, all Fannie Mae lenders are requiring 4 years of seasoning on discharged bankruptcies. That means in most cases, you must wait 4 years from the date you closed your bankruptcy to qualify for a quality interest rate. Most lenders will still require only 2 years of seasoning since the close or discharge of your bankruptcy. We remain committed to those borrowers who's dream is to attain home ownership for themselves and their families.
We can issue pre-approvals, not pre-qualifiers, there is a big difference. We will stand behind these pre-approvals by issuing a letter of conditional loan approval (CLA) within 48 hours from signature of application at no cost to you…Guaranteed!!
We can arrange each payment every 2weeks which helps in paying this loan off in 20-23 years.
We currently have two of the most dynamic purchase programs in the country.
The first is a 5% down purchase program that requires no PMI (private mortgage ins.) no FICO scoring, no reserves at close of escrow, offers a drastically reduced payment for the first 8 years and can pay down your principal balance faster than traditional financing. Please call or e-mail for details and loan comparison on this program.
The second is a 10% down E.Z. Qualifier program that requires no W-2s, no tax returns, no paystubs and no reserves at close of escrow. Call or e-mail for details.
The above mentioned programs have total loan fees under $800.00 including appraisal, and there is no charge unless you close your transaction…Guaranteed!!
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We are committed to providing a stress-free loan application, which means to you, no fees until you close your transaction. If your loan doesn't close for any reason, you pay nothing ..... Guaranteed!!!
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