• 30-Year fixed mortgage rate has increased to 4.04% compared to the percentage from previous weeks which is 3.87%. This marks the seventh straight week of upward movement in rates.Lowest 30 year rate in last 10 years was 3.65%..
• 15 Year Mortgage Rate rose to 3.25% this week compared to 3.08% last week. Lowest 15 year rate touched in the last 10 years  is 2.92%.Seven weeks of increasing trend.
• 5/1 Adjustable Rate Mortgage Rate rose as well at 3.01% compared to 2.96% last week. Lowest 5/1 Adjustable Rate touched in the last 10 years was 2.74%.
• The average fixed mortgage rate moved higher amid positive housing data news pushing fixed mortgage rates to their highest level of the year..

• Mortgage Application in the United States increased by 8.4 percent for the week ending June 05 of 2015.First upward trend in last six weeks.
• We have had 6 consecutive weeks of mortgage application decreases.It appears borrowers wanted to finance before rates moved up any further.
• Rates are still quite low and worth financing even at these levels.
• Share your comments on our Facebook page..

• Home prices increase in California is  6.9% for the first quarter of year 2015 compared to 16.9% of first quarter in 2014.
• We have had 3 successive years of increased prices as compared to 6 straight years of losses between 2007-2012.
• We have recovered a good portion of the losses between  2007-2012 with gains between 2013-2015.
• Buy before prices go up any further !.

• Fannie Mae Survey predicts the average 12-month home price increase expectation is 2.8%..
• 49% of the share of respondents believe that home prices will go up in the next 12 months. 6% believes home prices will go down.
• 47% of the share of respondents believe that mortgage rates will go up in the next 12 months. 4% believe mortgage rates will go down.
• Share your thoughts with us.

Room additions,Garage Conversions with No permits OK

Condos less than 51% owner occupancy Ok

Cash Out 1 day after purchase OK

Non Occupant Borrowers for Conventional loan OK

80/10/10 loans with NO MI

Underwater Loans (HARP,HARP2,Open Access)

Transferred Appraisals OK

Flips within 90 days OK

5-10 Investment properties

1 year income program

Down to 580 Fico Ok

Room additions,Garage Conversions with No permits OK

Transferred Appraisals OK

Flips within 90 days OK

Non Occupant Borrowers

FHA Streamline for underwater loans

Grants for 2nd available

1/2% Down available

Manual Underwriting for Refer Loans

1 day after short sale with No Mortgage lates

FHA Back to Work qualifies 1 year after short sale,deed in lieu,foreclosure,bankruptcy

Loans to 100%

Cash to Close 0 is OK

Loans above $1 Mn per county limits

2 years after BK/Short sale,Foreclosure OK

Manual Underwriting for Refer Loans OK

2nd Tier Entitlement for borrowers with existing VA Loans available

CONVENTIONAL LOANS with MANUAL UNDERWRITING

Bankruptcy 2 years +

Short Sales  2 years +

Foreclosures 3 years +

FHA LOANS with MANUAL UNDERWRITNG

1 day after short sales with no mortgage lates

FHA Back to Work qualifies 1 year after short sale,deed in lieu,foreclosure,bankruptcy

WANT A QUICK CLOSE …

CLEAN LOAN WITH NO/MINIMAL CHALLENGES WORKS LIKE THIS…

• 24 hour Pre Approvals
• 24-48 hours full underwriting approval

Send Application and Documents per link below

Application and Documents Checklist

*Ask us about Offer Advantage Program.We offer to pay the seller,per diem,for delay's caused behind closing date.Get your buyers a rock solid approval and give them an unfair advantage.

*Escrow closings within 21-28 days.