LOAN OPTIONS

Whether you are purchasing a home or looking to increase financial flexibility in your life, Financial Home Associates can connect you with the lending product you need. Our broad spectrum of mortgages ensures that every borrower can find the ideal fit.

Types of Mortgages in California

CONVENTIONAL

You can use a conventional mortgage to buy a home without a loan backed by a government agency. When conventional loans fit the Fannie Mae and Freddie Mac loan limits, they are called “conforming loans.”

VA

Zero down payment, no PMI, and affordable rates are among the benefits of a VA mortgage backed by the U.S. Department of Veterans Affairs. Consider applying if you are a veteran, active duty service member, or eligible surviving spouse.

FIRST TIME HOME BUYER

Receive all the guidance you need in buying your first home from the friendly experts at Financial Home Associates. Explore your loan options and learn how the process works before submitting your mortgage application so that you can confidently buy a home.

FHA

A government-backed loan that may be suitable if you want to keep your down payment low and your rates affordable is an FHA loan. This easy-qualification mortgage is guaranteed by the Federal Housing Administration.

BANK STATEMENT LOAN

When you need to verify income that does not appear on a W-2 form, the bank statement loan process gives you an alternative option for more comprehensive documentation.

USDA

You can purchase a rural California home with No Down Payment by applying for an income-based mortgage backed by the US Department of Agriculture.

JUMBO

Buying high-value California real estate may require you to borrow above the Fannie Mae and Freddie Mac conforming loan limits. A type of mortgage you can use for this purpose is a jumbo loan. You can also call it a non-conforming loan.

SELF EMPLOYED BORROWER

We welcome business owners, freelancers, entrepreneurs, and all other self-employed borrowers to apply quickly and easily for a mortgage without a W-2 form.

REVERSE MORTGAGE

Increase your retirement cash flow with a reverse mortgage. Tapping into your home equity could be the key to achieving your goals and fulfilling your dreams.