Golden Equity And Residential Mortgages
At Golden Equity Mortgage we offer a wide variety of mortgage programs to suit your individuals needs. We are a FHA / VA approved direct lender which allow us to underwrite and fund your loans for faster approvals and closings. Here are some highlighted programs that we offer:
FHA 203B Home Loans: only requires 3.5% down payment, which can be a gift from a family member. This program has help many people achieve their dreams of home ownership. Lending limits vary by county. San Diego County's limit is currently $697,500.00 for a single family home.
FHA Streamline 203K : This is FHA's rehabilitation loan which permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser. All this with one transaction and a 30 year fixed mortgage.
FHA Streamline Refinance: Already Have a FHA Loan but looking for a lower interest rate? This is the program for you. With a FHA streamline refinance you can refinance into a lower interest rate without going through the all the hassles of a regular refinance. You must have owned the property for at least 6 months before you can use this program. No appraisal is required and often time there is no income qualifications. You can even turn your streamline refinance into a 203K rehabilitation loan and make some upgrades and improvements to you home.
VA Home Loan: A VA Loan is one of the only loan programs that still allows the borrower to finance 100% of the home's value and purchase with $0 down. Lending Limits up to $729,000.00.
VA Interest Rate Reduction: An Interest Rate Reduction Loan or Streamline Refinance allows you to refinance your current mortgage interest rate to a lower rate than you are currently paying. This is only available to veterans who are refinancing their original VA mortgage and utilized their original eligibility. With this loan there is NO appraisal, income qualification, credit check or debt ratios. You just need to have a good mortgage payment history.
CALSTRS Home Loan: California State Teachers Retirement program offers it's members special home loan financing programs. The 80/17/3 program which allows borrowers to buy a home with as little as 3% down on a conventional 30 Year fixed loan. The 17% second has no payments for the first 5 years and carries the same interest rate as the first mortgage.
San Diego County First Time Homebuyer Down payment and Closing Cost Grant: For first-time homebuyers purchasing a home in the city of San Diego you may qualify for one or both of San Diego's grant programs. There are income limitations for each of these programs. Please contact our office for more details.
For information on these and other home loan programs please contact us at 858-634-1200.
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