California Home Loans based in Santa Rosa, finances California residential mortgages including single family homes, condominiums, townhomes, multiple-unit properties, mixed use property, manufactured home loans...
FHA Loans offer a viable home loan option if you're credit challenged or if you need to borrower money for a the 3.5% downpayment and closing cost. Although, you may qualify for a conventional home loan with 3% down payment and avoid paying expensive upfront and monthly FHA mortgage insurance. Make sure your loan officer is explaining all your loan options.
VA Loans for California Veterans offer 100% financing. No money down required, low credit scores are not an issue, credit from the seller or broker towards loan closing cost. Gifts towards closing cost are okay. If you've used your Home Loan VA benefits in the past, you can use them again.
Need an approval for a home mortgage loan fast, that you can trust? Complete our online application or give us a call. A quality home loan approval can be rendered in about 15 minutes. No application fee or charge for your credit report. Open weekends...Give us a call anytime...
Voicemail, email, endless text messages, phone calls not returned... Tired of the new normal? At Santa Rosa, CA home loans, your loan officer will be with you from start to finish. We do not hand off our mortgage packages to an assistant and forget about you. When you call your agent, you will either get them on the phone or get a returned phone call quickly. Our agents are trained to handle the entire process--not just the sale. If you prefer a more personal touch with accountability, Santa Rosa CA home loans
cannot be beat...
Lending in Santa Rosa, Ca since 2003, California Home Loans has become recognized as California's leading home mortgage experts, our friendly home loan specialist will review your financial situation and conduct an extensive search to find the best loan program to meet your budget goals. Non-permanent resident aliens are permitted, providing they occupy the property as their primary residence, have a valid social security number AND are eligible to work in the US. Call for more details!
Exception Niche: Only two year wait period for borrowers who short sold a home!
California Home Loansrequires that 2 years pass between close of escrow of borrower’s short sale and the date of new loan application (Refinance or Purchase). The guideline was recently changed to this shorter 2 year wait period and is valid for new loans up to 80% loan to value ratio. This loan profile is done on exception basis and borrower should have strong “re-established credit” and compensating factors.
Solutions for Self Employed Borrowers!
Qualifying self-employed borrowers doesn’t have to be painful! Below are just some of our Portfolio ARM niches that help out business owners…
We don’t require a minimum 2 years self employed. Rather we look at each borrower case-by-case and will consider less than 2 years self employment for exceptional clients.
We allow Business Assets to be used towards down payment and reserves!
We allow your client to vest in their LLC, partnership, corporation or trust (even non-revocable trusts).
Property investors qualify with Real Estate Rental Cash Flow!!
Qualify for a ARM collateral purchase home loan or refinance using only your combined real estate portfolio cash flow!! Minimum 700 credit score, maximum 60% LTV.
New Niche: Any Amortization Period from 8 to 30 years OK!
California Home Loans will allow all fixed rate mortgages to have a customized amortization period chosen by the borrower. For example, a borrower who has been paying 7 years on a 30 year fixed mortgage may prefer to refinance to a 23 year amortization (years remaining on old mortgage) on his/her new loan. CA Home Loans can make the amortization term between 8 and 30 years, not to exceed the fixed term of the loan.
Solutions for Departing Residences
California Real Estate Agents - Is your borrower having trouble qualifying because they want to buy a new home but can’t qualify until their current home is sold?
Exclude mortgage payment if selling – if the house is listed for sale, then we will allow the borrower to exclude their existing mortgage payment and qualify on the subject property alone. However, they must have an additional 6 months reserves for the listed property.
No 30% Equity Rule if Renting – per Agency guidelines you must have 30% equity in the existing home in order to use rental income to offset the mortgage payments. Our rule is: 20% to 25% equity
Do you have bad credit or low credit scores from a bankruptcy, foreclosure or short sale? We have a home loan for you!! CA Home Loans will set you up with a plan, so you can own a home again. Perhaps sooner than you think...
As true mortgage brokers, we have lower interest rates, lower fees and extensive home loan products to fit your individual needs, compared to leading Santa Rosa California real estate lenders. Whether it's VA, FHA, USDA, First Time Home buyers or loans for the credit challenged---with bankruptcy, short sale, foreclosure or late payments, we are here to help structure home financing to suit your personal situation. Please visit the Department of Housing and Urban Developmentto learn more about government insured home loans.
Also, California Home Loans charges no upfront application fees or any other "junk" brokerhome loan fees, ever! Visit us at our Santa Rosa Office for a free evaluation of your home loan, today.
Bring us an offer from any other lender, and let us evaluate it for accuracy and then make you a better offer... We will gladly drive from our Santa Rosa Offices to you, anywhere in Sonoma County, Marin County and surrounding areas.
Stay up to date with the latest Santa Rosa California real estate information at Google+ California Home Loans - Santa Rosa, CA
*=This is only an estimate, provided for illustrative purposes only. Actual rates and payments may vary. It does not constitute a quote.
Google+ Real Estate in Santa Rosa, CA is still hot! 30 year home loan interest rates are near 4%... Take advantage of low rates before it's to late. Expectations for higher mortgage rates some time next year, are high. California Home Loans finances single family homes, condominiums, townhomes, multi-unit properties, mixed use property, manufactured homes, modular homes, mobile homes, new construction loans...
- Shellie N., Yelp - Santa Rosa, CA-"California Home Loans is an excellent lender!!! I'm glad I found Edward... I'm not easy to please, when is comes to home financing... He took the time to answer every question I had. Edward was very knowledgeable, patient, honest and friendly!!! Edward would always quickly return my calls or text within minutes. He emailed updates throughout the entire loan process... Edward is terrific at communicating... I loved working with him."Cont...