Buying a Home or Refinancing in California?

CaliforniaMap2 I love California, and I am excited to announce that I am licensed to do mortgage loans in the Golden State. Whether you are a first-time home buyer, a seasoned home buyer, or a home owner refinancing, I can help you get the best loan for your situation.

Here are some of the loan programs I can help you with:

* First-time home buyer FHA loan with 3.5% down or with gift money for the down payment.

* Grant money for the down payment on an FHA loan with no pay back whatsoever. A true grant, from a private bank. No neighborhood restriction.

* Conventional loans: 30-year fixed, 20-year fixed, 15-year fixed, 10-year fixed rates.

* 5/1 ARM: fixed for the first five years, then adjusts annually. A good loan for people who plan to keep the home for five years or less.

* VA loan for U.S. Veterans

Getting Pre-Approved is No Cost

There is no cost to get pre-approved and/or to find out how much house you qualify for. Let me know what you want, and I will take it from there.

What Does It Mean to Be “State Licensed”?

Loan originators who work for banks and credit unions do not have to be state licensed. The CFPB assumes the bank will vouch for their integrity and competence. However, mortgage brokers and direct lenders (such as myself) have to pass multiple hurdles in order to do business in California. Here are the requirements we go through that those at banks and credit unions get to skip over:

* 20 course hours plus additional class hours for California state law.

* Pass both a national test and a CA state test.

* Get fingerprinted and have a background check done.

* Have a credit report pulled and checked for personal financial responsibility.

* Be approved by the CA state authority.

You might say that state licensing ensures a higher level of scrutiny, which means more security and peace of mind for you.

Please feel free to contact me about your mortgage questions or financing needs via the Ask a Question page here.

Looking for a Recommendation for a Licensed Real Estate Agent?

I have worked with fine real estate agents in California. If you would like my recommendation for an agent who will work hard and put YOUR best interests first, send me a message here.

Thank you.

Email Banner Carolyn  equal housing logo

 

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