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Lili Liu  Nmls#382645
Sr. Loan Officer

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Loan Product Overview 


Fixed Rate Loans

  • 30, 25, 20, 15 and 10 year terms are all available with fixed rate.

  • Buy a home with as little as 1% down (primary home).

  • Refinance up to 95% of your primary home's value.

  • Monthly payments remain the same for the entire loan term.

 

 

Adjustable Rate Loans

  • 3/1, 5/1, 7/1 and 10/1 ARM's. Monthly payments based on a 30 year repayment schedule.

  • The rate stays fixed for the first 3, 5, 7 or 10 years (depending on chosen term), and then adjusting annually thereafter.

  • ARM used to have prepay penalty and now it is removed.

 

 

FHA Loans

  • 3.50% down payment required on purchase. Upfront mortgage insurance can be paid by lender.

  • Minimum credit score usually 620.

  • LTV of 90% or less, the annual mortgage insurance premium (MIP) will be assessed for 11 years.

  • LTV greater than 90%, the annual MIP will be assessed for the entire life of the loan.

  • Post-bankruptcy qualifying - 2 years after.

  • Post-foreclosure qualifying - 3 years after.

 

 

VA Loans

  • Competitive interest rates that are routinely lower than conventional rates.

  • Sellers can pay up to 6 percent of closing costs and concessions.

  • Higher allowable debt-to-income ratios than for many other loans.

  • 0% down payment required on purchase.

 

 

Purchase

Purchasing a home is probably one of the biggest investments you'll ever make in your lifetime we are here to help.
To get started click here

Refinance

We can help you lock in a long term fixed rate or refinance and get cash out.
To get started click here

FHA loans

There are lots of good reasons to choose an FHA loan.
To get started click here