Mortgage Loan Programs

There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we’re here to help you choose the best type of home loan for your needs.  Some of the programs are:

We bring the goods with lots of loan products, ultimate support, top-class service & real speed to bring it all home. How much down do you really need? Here are the differences between some of the most common down payment choices.

VA

  • 0% down payment
  • Open to current & former Military families
  • No monthly mortgage insurance

USDA

  • 0% down payment
  • Only applies to designated rural areas
  • Low monthly USDA  guaranteed fee

Conventional

  • 3%-5% down, requires monthly Mortgage Insurance
  • 20% down, avoid monthly Mortgage Insurance
  • A larger down payment may result in a lower interest rate & more flexible qualifying criteria
  • Finance 2-4 unit properties with 5% down options

FHA

  • 3.5% down
  • No first-time homebuyer requirement
  • Allows non-occupying co-borrowers

Down payment assistance Programs:

  • CalHFA – 3% and 3.5% down payment assistance options. Credit scores as low as 640.
  • GSFA – Golden State Finance Agency is perfect for Santa Barbara & San Luis Obispo County employees and select occupations (teachers, law enforcement, firefighters & others)
  • Coastal Housing Partnership
  • Other National, state, and local down payment assistant programs available.
  • First-time homebuyer requirement and education course may apply
Contact me today to determine your eligibility!

I Make it Simple

Our interactive App helps guide you through the many parts of the home buying journey and your mortgage financing.  The App helps keep you, your loan officer, and realtor connected and in sync with each other.  It helps all of us work together to make the process smooth and easy.

Access the App