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Loan Types

Meeting Your Financing Needs

When it comes to mortgages, the one size fits all strategy just does not work.  Whether you are a first time homebuyer or looking to upgrade your home, I can help find you a mortgage solution.

Take the first step in the homebuying process and get pre-approved. 

Conventional Loans

Conventional mortgages may offer a lower interest than other types of fixed-rate loans. This type of loan is ideal for first-time homebuyers who are able to make larger down payments and have very good credit, which generally means a FICO score of 620 or higher. 

  • Can also be used for investment properties.

  • Private Mortgage Insurance (PMI) waived when putting 20% down.  

  • 15 year-fixed mortgage available

FHA Loans

FHA loans allow individuals who may not qualify for a conventional mortgage obtain a loan, especially first time home buyers. These loans offer low minimum down payments, reasonable credit expectations (minimum 580 credit score), and flexible income requirements.

  • Buy a house with as little as 3.5% down.

  • Down payment assistance programs can be added to a FHA Loan for additional down payment and/or closing cost savings.

VA Loans

VA loans are backed by the Department of Veterans Affairs and offer exclusive to eligible servicemembers, veterans and their spouses.  Maximum loan amounts are determined by the property location. You can obtain a VA loan with a zero down payment.

  • No mortgage insurance is required.

  • Higher debt to income ratios accepted.

2-1 buydowns allow you to reduce your interest rates for the first two years of a mortgage. Ideal if your income will increase in the next two years, you have a spouse returning to the workforce in the next 1-2 years, you want lower payments in the first two years without an adjustable rate mortgage. 

2-1 Buydown

203K Loans

Allows an owner occupant to buy a house that needs minor or extensive repairs. You can finance the purchase and renovation costs under 1 loan. If you do not plan to live in the house during construction, it is possible to finance up to six months of mortgage payments.  

Jumbo Loans

A mortgage loan that exceeds the loan limits set by Fannie and Freddie Mac. In California this limit is currently set at $1,089,300.  These loans have stricter requirements than other types of mortgages, and you’ll have to meet very specific property type, down payment, credit score and debt-to-income ratio requirements.

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