San Bernardino Mortgage Loans - Expert Guidance for Your Home Financing Needs

We offer 25+ loan types including Conventional, FHA, VA, USDA, Jumbo, and specialized options. These include Bank Statement Loans, DSCR Loans, and ITIN Loans for unique situations.

Most lenders require stable income, acceptable credit, and funds for down payment. Requirements vary by loan type, so we help find programs matching your financial profile.

FHA loans may accept scores as low as 580. Conventional loans typically require 620 or higher. Better scores unlock better rates and terms.

Down payments range from 0% for VA and USDA loans to 3% for some Conventional loans. FHA loans require just 3.5% down with qualifying credit.

Conventional loans are not government-backed and often require higher credit scores. They offer competitive rates and flexible terms for qualified borrowers.

FHA loans are government-insured mortgages with lower down payment requirements. They help first-time buyers and those with moderate credit qualify more easily.

VA loans offer 0% down payment and no mortgage insurance for eligible veterans. They feature competitive rates and flexible qualification standards.

Some areas in San Bernardino County may qualify for USDA loans. These offer 0% down for eligible rural and suburban properties with income limits.

Jumbo loans exceed conforming loan limits for higher-priced properties. They typically require larger down payments and stronger credit profiles.

Bank Statement Loans help self-employed borrowers qualify using bank deposits instead of tax returns. They offer flexible income documentation for business owners.

DSCR loans qualify investors based on rental income, not personal income. The property cash flow determines eligibility for investment properties.

Yes, ITIN Loans allow borrowers without Social Security numbers to purchase homes. Documentation requirements differ from traditional mortgages.

Closing costs typically range from 2% to 5% of the loan amount. These include appraisal, title insurance, lender fees, and prepaid items.

Some loan programs allow seller concessions or lender credits to cover costs. However, closing costs generally cannot be added to your loan balance.

Mortgage insurance protects lenders when down payments are below 20%. FHA loans require it; Conventional loans allow removal once you reach 20% equity.

Pre-approval can happen within days with complete documentation. Full approval and closing typically take 30 to 45 days from contract acceptance.

Interest-Only Loans allow paying only interest for a set period. This lowers initial payments but requires refinancing or full repayment later.

Bridge loans provide short-term financing between property purchases. They help buyers purchase before selling their current home.

HELOCs let you borrow against home equity as needed. They work like credit cards with variable rates and flexible draw periods.

Home Equity Loans provide lump-sum cash using your home equity. They feature fixed rates and predictable monthly payments.

Rates vary by borrower profile and market conditions. Contact us for personalized rate quotes based on your credit, loan type, and down payment.

Fixed-rate mortgages offer payment stability over the entire loan term. ARMs start with lower rates but adjust periodically based on market conditions.

Adjustable Rate Mortgages start with lower initial rates that change periodically. They suit borrowers planning to move or refinance within several years.

Bring recent pay stubs, W-2s, tax returns, and bank statements. Self-employed borrowers may need additional business documentation.

Yes, lenders consider your debt-to-income ratio including student loans. Larger down payments and higher income help offset existing debt.

DTI compares monthly debt payments to gross monthly income. Most lenders prefer ratios below 43%, though some programs allow higher.

While not required, agents provide valuable market knowledge and negotiation skills. They typically cost nothing as sellers pay their commission.

California property tax is approximately 1% of assessed value plus local assessments. Contact the county assessor for specific rate information.

Discount points reduce your interest rate by prepaying interest upfront. This makes sense if you plan to keep the loan long-term.

Yes, refinancing can lower your rate, change loan terms, or access equity. We help evaluate if refinancing benefits your financial goals.

Investor loans finance rental or investment properties with different qualification criteria. They often require larger down payments than primary residence loans.

Foreign National Loans help non-U.S. citizens purchase American property. They use alternative documentation and typically require larger down payments.

Hard Money Loans are short-term, asset-based loans for quick closings. They suit fix-and-flip investors or borrowers needing fast funding.

Reverse Mortgages allow homeowners 62+ to access home equity without monthly payments. The loan is repaid when you sell or leave the home.

Construction loans finance building new homes with funds released in stages. They typically convert to permanent mortgages after construction completes.

Yes, most loan programs accept gift funds from family members. Proper documentation and gift letters are required by lenders.

1099 Loans help independent contractors qualify using 1099 income statements. They offer flexible documentation for non-traditional employment.

Asset Depletion Loans qualify borrowers based on investment and savings accounts. They suit retirees or those with substantial assets but limited income.

Start with pre-approval, find a home, submit full application, complete underwriting, and close. We guide you through each step from start to finish.

Brokers access multiple lenders and loan programs to find your best option. We provide personalized service and competitive rates from various sources.