Mortgage Program Services

Explore Comprehensive Mortgage Programs

Finding the right mortgage can be tricky, but we can help at Mario Lopez - Mortgage Express Loan Officer NMLS# 542133. We have access to different mortgage programs, and our licensed loan officer will simplify the process. We offer:

Traditional Loans Overview
Traditional mortgage loans are the most common type of financing, typically backed by government-sponsored entities like Fannie Mae and Freddie Mac. These include:

• Conventional Loans: Ideal for buyers with good credit and stable income. Conventional loans come with fixed or adjustable rates and offer various term lengths. Down payments as low as 3% are possible, though a 20% down payment can help avoid Private Mortgage Insurance (PMI).

• FHA Loans: Government-insured loans designed for first-time buyers or those with lower credit scores. These require lower down payments (as low as 3.5%) and more lenient credit requirements.

• VA Loans: Exclusive to veterans, active service members, and their families, these loans offer no down payment options and competitive interest rates, with no PMI.

• USDA Loans: Targeted for rural or suburban buyers, USDA loans offer no down payment and are designed for low to moderate-income borrowers.

Non-QM (Non-Qualified Mortgage) Loans
Non-QM loans provide alternatives for borrowers who don't fit the traditional lending criteria but are still creditworthy. These include:

• DSCR (Debt Service Coverage Ratio) Loans: Designed for real estate investors, DSCR loans use the rental income from the investment property to qualify, bypassing personal income verification. This loan allows investors to qualify based on the property’s cash flow rather than personal income.

• Bank Statement Loans: Ideal for self-employed individuals, these loans rely on bank statements rather than traditional income verification methods like tax returns. Lenders evaluate deposits over a 12-24 month period to determine income, making it a flexible option for business owners.

• ITIN Loans: Available to individuals without a Social Security Number, these loans use the Individual Taxpayer Identification Number (ITIN) as a qualifying factor. This option allows non-citizens to achieve homeownership, making it accessible for people who file taxes using an ITIN.

• Manufactured Home Loans (Homes in a Park): Financing for mobile or manufactured homes in a park setting, which can be more challenging to finance through traditional lenders. Specialized loans cater to buyers interested in this type of affordable housing, offering flexible terms and reasonable interest rates.

These alternative loan programs offer tailored solutions for a wide range of borrowers, ensuring more opportunities for homeownership and investment.

Things to Consider for a Mortgage Program

How do you find the right mortgage program? At Mario Lopez - Mortgage Express Loan Officer NMLS# 542133, we'll help you figure it out. We'll take all the factors into consideration:

• Down payment
• Insurance
• Credit
• Assets
• Debt-to-income ratio

Get in touch with us now. Our licensed loan officer is ready to help!

Contact Us for a Mortgage Program

Find the best mortgage program for you. Contact us now at Mario Lopez - Mortgage Express Loan Officer NMLS# 542133 for a mortgage in Oregon, Washington, and California. Let us help you navigate the complexities of mortgage programs and secure the best deal for your needs.