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Where do I Go? Where to start to get a loan?
Here are a few Lenders we have had good feed back from our buyers. All have many years of experience in our local area. Please try to use a local lender that knows our prices so you will get an appraiser that knows our area and you will most likely not pay too much and the sellers will not get too little for their home. The internet lenders call appraisers from out of the area and know nothing about the different sub-divisions and areas that sell higher or lower then others. They use the big picture which sometimes is way off. Then the escrow does not go through..or you may pay too much so they can sell a loan.
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Homeownership is all about working with the right people.
Let our experience help your clients. |
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The reduction in upfront mortgage insurance (MI) fees on FHA (Federal Housing Administration) loans isn’t the only good news for your aspiring homebuyers. At Bank of America, we offer the FHA Hybrid ARMs in addition to the traditional fully amortized fixed loan products to best meet your client’s needs.
FHA loans provide many benefits; including less out-of-pocket cash required from the borrower:
- Minimal cash needed Just a 3% minimum investment that can come from a variety of sources.
- 2/1 buydown option customers must qualify at Note rate.
- Alternative credit references acceptable utility payment history, insurance premiums.
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Increased loan limits: FHA has increased the maximum loan limits determined by median house prices for that area and will vary from county to county.
- Reduced appraisal requirements: FHA permits an appraisal for existing properties and eliminates required inspections for wood destroying insects/organism, a water well (individual water system), and for a flat roof when certain conditions are met (See Bank of America for details).
- Expanded loan products: Fixed rate and FHA Hybrid adjustable rate mortgage (ARMs).
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Streamlined refinancing: Less documentation and automated underwriting for faster approvals.
We are committed to offering borrowers the best programs and processing in the industry. That why we are dedicating special government fulfillment teams (Center of Excellence) within Bank of America.
Credit and collateral subject to approval. Terms and conditions apply. Some restrictions may apply. See Bank of America for details. Programs, rates, terms and conditions are subject to change without notice. THIS INFORMATION IS INTENDED FOR MORTGAGE AND REAL ESTATE PROFESSIONAL USE ONLY AND SHOULD NOT BE DISTRIBUTED OR SHOWN TO CONSUMERS OR OTHER THIRD PARTIES.
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GMC Mortgage Co. office number 530-671-4214
They can perform miracles and get the loans through but very honest. No tricks done, just experience working for you.
GMAC Mortgage Inc.
1307 Franklin Rd.
Yuba City, Ca. 95993
Check with any of the loan officers they are all good..
Charlie Bates, Manager 530-218-8307
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Wells Fargo Home Mortgage
Tim Dalski 530-821-5343
Fax 530-751-8188
1110 Civic Center Blvd. 504
Yuba City, Ca. 95993
Tim has been in the mortgage business as long as I have been in the real estate business and I have had a lot of home sales with him. Gayle Everhart
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Mike Baker of Metrogold Financial located in our RE/MAX GOLD office for your convenience.  951 Live Oak Blvd., Yuba City, Ca. 95991
Mike can shop several loans for the best rates and terms for you.
530-790-0295 Office direct number
530-218-1254 Cell, He will work week-ends. If in church on Sunday leave a message and he will get back with you.
Our team will be happy to introduce you to Mike for a private consultation.
e-mail is <mikebaker@metrocitiesmtg.com>
http://www.metrogoldfinancial.com/mikebaker_bio.html
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