A conventional mortgage or conventional loan is a home buyer’s loan that is not offered or secured by a government entity. It is available through or guaranteed by a private lender or the two government-sponsored enterprises—Fannie Mae and Freddie Mac. Potential borrowers need to complete an official mortgage application, supply required documents, credit history, and current credit score. Conventional mortgages typically have a fixed rate of interest, which means that the interest rate does not change throughout the life of the loan. 

The Conventional Loan Process

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Here’s how our home loan process works:

 

• Complete our free quote loan assessment

• Receive options based on your unique criteria and scenario

• Compare mortgage interest rates and terms

• Choose the offer that best fits your needs

Home loans provided by the Federal Housing Administration (FHA) may make it easier to buy a home with a lower credit score or have less than 20% for a down payment. FHA loans have a minimum down payment of 3.5% for borrowers with credit scores of 580 or higher. Borrowers who cannot afford a traditional down payment of 20% or are unable to receive approval for private mortgage insurance may consider an FHA loan.

A FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable. We’re here to make the FHA home loan process easier, with tools and knowledge that will help guide you along the way, starting with getting a free quote. 

The FHA Loan Process

Here’s how our home loan process works:

 

• Complete our free loan assessment

• Receive options based on your unique criteria and scenario

• Compare mortgage interest rates and terms

• Choose the offer that best fits your needs

Military veterans and active service members, may qualify for a U.S. Department of Veterans Affairs (VA) loan. These often require no down payment and have lower closing costs with no private mortgage insurance requirements.

A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs. The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses.

We’re here to make the VA home loan process easier, with tools and knowledge that will help guide you along the way, starting with our free loan assessment.

The VA Loan Process

Here’s how our home loan process works:

 

• Complete our free loan assessment

• Receive options based on your unique criteria and scenario

• Compare mortgage interest rates and terms

• Choose the offer that best fits your needs

There are many benefits to jumbo loans. One of the biggest benefits is that financing options are available up to $3,000,000. This may provide convenience to many borrowers.

A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. Rates may be a bit higher on jumbo loans because lenders generally have a higher risk.

We’re here to make the jumbo home loan process easier, with tools and knowledge that will help guide you along the way, starting with our 

The Jumbo Loan Process

Here’s how our home loan process works:

 

• Complete our free loan assessment

• Receive options based on your unique criteria and scenario

• Compare mortgage interest rates and terms

• Choose the offer that best fits your needs

There are Non Qualified Mortgage (Non-QM) loans available that have more flexible rules. 

When banks don’t sell their mortgages to investors, they’re free to set their own criteria — like lower minimum credit score requirements. Thus, some non-QM loans can be found with credit scores as low as 500. Mortgage brokers like us can recommend products from various lenders that might fit your needs.

The Non-QM Loan Process

Here’s how our home loan process works:

 

• Complete our free loan assessment

• Receive options based on your unique criteria and scenario

• Compare mortgage interest rates and terms

• Choose the offer that best fits your needs

Refinancing could save you a considerable amount of money over the life of your loan and potentially improve your overall financial outlook.

We’re here to make the home refinance process easier, with tools and knowledge that will help guide you along the way.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you.

Refinancing Your Loan Process

Here’s how our refinance loan process works:

 

• Complete our free quote loan assessment

• Receive options based on your unique criteria and scenario

• Compare mortgage interest rates and terms

• Choose the offer that best fits your needs

We are specialist who work with multiple reverse mortgage providers. A reverse mortgage has benefits from increasing monthly cashflow to eliminating monthly mortgage payments. - Allow me Robert Carrillo & Cassandra Leisure to guide you through the process. Give me a call today to see if reverse mortgage is right for you or a family member. 

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• ELIMINATE MONTHLY MORTGAGE PAYMENTS

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• INCREASE MONTHLY CASH FLOW

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• MAINTAIN ACCESS TO HOME EQUITY LINE OF CREDIT