Home Loan Programs

Bank Owned Loans - REO LOANS

Want to take advantage of the super low prices on the REO properties but you don't have enough CASH?

Don't worry we will loan you the rest so you do not miss out on these historically low REO prices. We have seen california REO's as low as $35 per sq ft. Loans from $30k to $1.5m Available. Quick Approval Cash to close your purchase of a Foreclosure, Short Sale or REO in 7-10 business days. We will underwrite your loan based on ability to repay and equity position.

Fixed Rate Mortgage- A mortgage loan in which the rate does not change during the entire period of the loan. There are currently 10, 15, 20, 30, 40, 45, and 50 year periods available. This loan offers the borrower security that the payment will remain the same; however it is usually a higher rate for this reason.

Adjustable Rate Mortgage- The interest rate on this loan will be fixed for a set period of time, usually 2, 3, 5, 7, or 10 years. After this period has ended the rate will increase or decrease based on the index in which the loan was originally made. The start rate on an adjustable rate mortgage is normally lower than the fixed rate mortgage.

Interest Only Mortgage- Monthly payments are made based on the interest portion of the loan. None of the payment made is applied to the principle balance; therefore the loan balance remains the same during the interest only period. Substantially lower payments allow the borrower to afford a more expensive home, or save money on the overall mortgage payment.