Down Payment Assistance Programs
We have several types of this program. One of them is called Calhfa (California Housing Finance Agency) and it is a 3-loan program. The first loan can be either Conventional or FHA loan, the second loan covers down payment, and the third loan covers most of the closing costs up to a total of 105% combined loan to value. We also have an FHA Grant Program that will cover the down payment and it is not repaid, but it does not cover closing costs.
Conventional Loans
Both fix and adjustable rate mortgages.
FHA Loans
Low down payment with low fico scores.
VA Loans
100% financing available for our U.S. Veterans.
FHA 203k
Rehab loan that fits FHA guidelines.
Manufactured Home Loan
This type of loan is for manufactured homes on permanent foundation which also includes the land.
USDA
100% financing available for residential properties zoned agriculture.
VA IRRL
Refinance an existing VA loan into another VA loan without income documentation, but primary goal is to lower current monthly payment.
FHA Streamline
Refinance an existing FHA loan into another FHA loan without income documentation, but the primary goal is to lower current monthly payment. No appraisal needed.
Hard Money Lender
Used by investors with stated income documentation or no income documentation. Rates are typically between 11% – 15% and with 2 – 3 points charged upfront. 1 point equals one percent of the loan amount.
ITIN
This loan is for borrowers with Individual Tax Identification Number only and no Social Security number with up to 90% loan to value depending on loan amount.
Alt-A
These type of loan programs have interest rates in between conventional (ie Conventional, FHA, VA, USDA) loan rates and Hard Money Lender rates, but it is a full documentation loan. Borrowers opt for this program, because they cannot qualify for the regular Conventional, FHA, VA, or USDA loan programs..
Bank Statement Program
This loan is for self-employed borrowers that show a low profit in their Corporation tax (ie IRS 1120S) or personal Schedule C of their 1040 income tax. The lender uses the deposits to determine income based on borrower’s personal bank statements or business bank statements. The lender will require recent 12 months or 24 months bank statements depending on the loan terms of the program.
Mobile Home Loan
This type of loan is for mobile homes (double-wide) in which the land is not part of the sale. The land is leased in which you will find in a typical mobile home park.
Reverse Mortgage
Is a type of home equity loan that allows the borrower at the age of 62 or older to convert some of the equity in their primary home into cash without monthly principal and/or interest payment, while they have the right to stay in their home as long as they comply with the loan terms.
Real Estate Salesperson & Loan Officer
DRE License# 01742340
NMLS License# 798245
Phone: (916) 267-3265
Email: kmr011@yahoo.com
keith.loansrealtygroup.com
Loans Realty Group Corporation:
Real Estate Broker,
CA Dept of Real Estate
DRE License# 01861000
NMLS License# 245433
3103 Delta Fair Blvd, Antioch, CA 94509
