Santa Rosa Mortgage Broker

Benefits Of A Reverse Mortgage

With a reverse mortgage you can use your home's value to help you enjoy your golden years.

Use As You Want

Whether its help with monthly expenses, helping the grand-kids, vacation spend the money as you wish.

Determine Payout

Multiple Cash Options

Depending on your needs you can get a lump payment, monthly payments, a line of credit or a combination.

Use My Equity

Keep Your Home

You will be able to stay in your home and still leave it to your children!

Calculate Amount

Expert Service

We will review your needs and determine the best option to fit your needs.

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VA Loan Benefits

No Down Payment!

There is no down payment on most home purchase!

Benefits
Avoid Needing Large Payment
Use Your Money For Other Things

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Closing Costs

Some Veterans are eligible for limited closing costs

Benefits
Smaller Loan
Lower Payments

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No PMI

Avoid paying private mortgage insurance

Benefits
Hassle Free Funding
Get Your Dream House

Fund Your New Home

Mobile Manufactured Home Loans

We offer mobile and manufactured home loan financing options. Mobile homes are an affordable housing solution that can provide homeownership opportunities to individuals who may not be able to afford traditional homes. However, financing options for mobile homes can be limited, making it difficult for many to achieve their dream of homeownership. That's where mobile home loans come in.

More Information

Loan Programs

There are several types of loan programs available for homebuyers, each with its own features, benefits, and eligibility requirements. Here are some of the most common loan programs:

Conventional (Fannie Mae & Freddie Mac) Loans

As Low as 3% Down Payment
Down Payment Assistance Available (Restrictions Apply)
620 Minimum Credit Score
Loan Terms from 10 to 30 Years
Down Payment Can be Gifted
Monthly Mortgage Insurance
Not Required with 20% or More Down Payment
Automatically Cancels at 78% LTV (Loan-to-Value)
$726,200 Maximum Loan Amount

Apply Now Learn More

FHA (Federal Housing Administration) Loans

3.50% Down Payment
Down Payment Assistance Available (Restrictions Apply)
580 Minimum Credit Score
Loan Terms from 10 to 30 Years
Down Payment Can be Gifted
1.75% Upfront Mortgage Insurance Premium
Financed into Loan Amount
0.55% Monthly Mortgage Insurance
Remains for Life of Loan (if Down Payment is < 10%)
$472,030 Maximum Loan Amount

Apply Now Learn More

FHA 203k (Home Renovation) Loans

3.50% Down Payment
Streamline 203k Loan
Use for Cosmetic and Common Repairs up to $35,000
Standard 203k Loan
Use for Extensive Repairs Over $5,000
620 Minimum Credit Score
Down Payment Can be Gifted
1.75% Upfront Mortgage Insurance Premium
Financed into Loan Amount
0.55% Monthly Mortgage Insurance
Remains for Life of Loan (if Down Payment is < 10%)
$472,030 Maximum Loan Amount

Apply Now Learn More

VA (Veterans Affairs) Loans

Zero Down Payment – 100% Financing
580 Minimum Credit Score
Loan Terms from 10 to 30 Years
2.30% Upfront Mortgage Insurance Premium (First-Time Use)
Financed into Loan Amount
Will Vary Depending on Down Payment and Subsequent Use
No Mortgage Insurance
No Maximum Loan Amount

Apply Now Learn More

First-Time Homebuyer Loans

Down Payment Requirements
Conventional – 3% (Can be Gifted)
FHA - 3.50% (Can be Gifted)
VA - 0% (Zero Down Payment)
USDA – 0% (Zero Down Payment)
Down Payment Assistance
Conventional – Up to 3% (Restrictions Apply)
FHA – Up to 3.50% (Restrictions Apply)
Credit Score Requirements
Conventional – 620+
FHA – 580+
VA – 580+
USDA – 640+

Apply Now Learn More

USDA (Rural Development) Loans

Zero Down Payment – 100% Financing
640 Minimum Credit Score
1.00% Upfront Mortgage Insurance Premium
Financed into Loan Amount
0.35% Monthly Mortgage Insurance
Remains for Life of Loan
Income and Property Areas Restricted

Apply Now Learn More

Investment Property Loans

20% Down Payment
620 Minimum Credit Score
DSCR (Debt Service Coverage Mortgage)
Qualify Based on Rental Income

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Jumbo Loans

As Low as 10% Down Payment
680 Minimum Credit Score
Loan Terms from 10 to 30 Years
No Mortgage Insurance Option
Loan Amounts Over $726,200

Apply Now Learn More

Each loan program has its own unique features and requirements, so it's important for homebuyers to research and compare their options carefully to find the loan that best suits their financial needs and goals.