Loan Programs

30 year, 20 year and 15 year fixed. Adjustable programs also available.
*Up to 97% financing for purchases with special programs for purchases.
Seller credit depends on amount of down payment. Ranges between 3% & 6%.
Gift funds acceptable under certain conditions
Owner occupied, second home and investment properties
Minimum credit score 620. Eligible after 4 years from bankruptcy and short sale. Eligible after 7 years from foreclosure.
Manufactured homes allowed. Minimum credit score of 660 for this type of property.

100% Financing- no down payment required
Upfront funding fee of 1%, added to loan. Monthly mortgage insurance .35% of loan amount, for the life of the loan
Maximum seller credit 6% of purchase price.
Gift funds from family members acceptable, when from approved sources and fully documented
Must be owner occupied. No Co-signers are allowed
Not required to be a first time buyer however, you cannot currently own any other property
Properties must be located in eligible rural areas (all Lake and Mendocino Counties are eligible)
Household income requirements are 115% of the U.S. Median Income (Lake & Mendocino limit for family of 4 is $75,650). Other counties can go as high as $97,300 for family of 4.
Pest inspections not required, unless noted in contract or called for in contract. Septic reports required on vacant properties
Minimum credit score 620. Eligible after 3 years from a chapter 7 bankruptcy, foreclosure or short sale.
Manufactured homes not allowed

Minimum Down Payment- 3.5% *
Upfront Mortgage insurance of 1.75%, added to loan. Monthly mortgage insurance of .60%, for the life of the loan.
Maximum seller credit 6% of purchase price.
Gift funds from family members acceptable, when from approved sources and fully documented
Must be owner occupied. Co-signers allowed
Not required to be first time buyer but can not have any other FHA at the same time…unless under special circumstances
No income limits, however, there are loan limits that vary by County. Lake County - $217,050 and Mendocino County- $373,750. Other areas are between $217,050 and $636,150.
Pest inspection not required, unless noted in contract or called for in contract. Septic report required on vacant properties
Minimum credit score- 600. Between 600 & 619 have additional restrictions and requirements. Eligible after 2 years from a chapter 7 bankruptcy and 3 years from a foreclosure or short sale.
*Manufactured homes allowed. Property must meet specific guidelines. Minimum credit score for this type of property is 660

100% Financing- Must be eligible Veteran. Must have DD214 with honorable
No monthly mortgage insurance. Up front funding fee start at 2.15% of loan amount financed in loan for first time use. Fee is waived for Eligible disabled Veterans.
There are VA Mandatory fees the seller must pay for and additionally there is a maximum seller credit 4% of purchase price.
Gift funds from family members acceptable, when from approved sources and fully documented
Must be owner occupied. Non-veteran spouses are allowed. Other non-veteran co-borrowers are not allowed.
Conforming loan limits vary by county, high balance limits are available.
Pest reports and clearance are required. Septic reports are required on vacant homes.
Minimum credit score- 620. Eligible after 2 years from a bankruptcy and 2 years from a foreclosure or short sale.
Manufactured homes allowed. Property must meet specific guidelines. Minimum credit score for this type of property is 660.