Home Loans California & Arizona

Posted by Nathan Rufty on February 23rd, 2020 4:11 PM
The main purpose of the VA Home Loan Program in San Bernardino CA is to help Veterans finance the purchase of homes with favorable loan terms. For VA housing loan purposes, the term “Veteran” includes certain members of the Selected Reserve, active duty service personnel, and certain categories of spouses.

San Bernardino CA VA loans offer the following important features:

  • Ensure that all Veterans are given an equal opportunity to buy homes with VA assistance, without regard to their race, color, religion, sex, handicap, familial status, or national origin;
  • No downpayment (unless required by the lender, the purchase price is more than the reasonable value of the property as determined by VA, or the loan is made with graduated payment features);
  • A freely negotiable fixed interest rate competitive with conventional mortgage interest rates;
  • The buyer is informed of the estimated reasonable value of the property;

VA home loans can benefit you in many ways:

  • VA home loans often have lower interest rates and closing costs than conventional loans
  • You may not have to make a downpayment and mortgage insurance is not required
  • You do not have to pay a penalty if you pay off your VA home loan early

If you are eligible for a VA-guaranteed home loan, you can use the loan to:

  • Buy a home or residential condominium
  • Build a home
  • Simultaneously purchase and improve a home
  • Refinance an existing non-VA loan
  • Refinance an existing VA loan to reduce the interest rate
  • Buy a manufactured home to be permanently affixed to a lot already owned or buy a manufactured home and lot to which the home will be permanently affixed

To get qualified for your VA home loan in San Bernardino CA call Nathan Rufty at (623) 850-1210.
Posted by Nathan Rufty on February 19th, 2020 3:41 PM

Arizona no money down purchase home loan program with VA and USDA financing. These are the two best purchase home loan programs in Arizona, call me and let's discuss these options.

Podcast about the USDA home loan program https://www.podbean.com/eu/pb-cxgrc-d2db2d

Video on where to find the approved USDA lending areas https://www.youtube.com/watch?v=NOtV-Bte3-Q

Video about the VA home loan program https://www.youtube.com/watch?v=030Vzk9GGrU

Please call, text or email me with any questions, 

Nathan Rufty
Mortgage Loan Originator 

AZ Call or Text: 623-850-1210
eFax: 888-837-2861
CA & AZ NMLS #292056

Posted by Nathan Rufty on February 18th, 2020 6:08 PM
FHA home loans in San Bernardino, California offer a wide range of benefits and consumer protection that conventional loans may lack. Some of the most attractive things about an FHA mortgage are the low down payment and more lenient credit requirements. FHA loans are, simply put, easier to qualify for than conventional mortgages.

FHA loans are insured by the Federal Housing Administration. FHA does not lend money or issue credit, so the first requirement of the FHA loan program is to apply for the FHA mortgage through a participating licensed FHA lender.

When you apply for an FHA loan to purchase a new home, you’re required to submit detailed information on your existing credit, employment history, and current income.

FHA lenders evaluate this information based on something called “the four C’s”  
  • Credit history
  • Capacity to repay
  • Cash assets available to close the mortgage, and
  • Collateral

According to the FHA, the lender must evaluate all FHA loan applications by:
  • Considering the type of income the borrower needs to qualify
  • Analyzing the borrower's liabilities to determine creditworthiness,  
  • Reviewing debt-to-income ratios and compensating factors.

There are two basic ways to apply for an FHA home loan. One is to find the home you want to buy, make an offer, and apply for the loan. Another way—one recommended by many personal finance experts—is to get pre-approved for a loan amount before committing to a particular home.

Either way, you’ll need to be prepared for an FHA home loan application with the following information:
  • Social Security numbers
  • Checking and savings account information (including account numbers)
  • Information on all open lines of credit including credit cards, student loans, auto loans, etc.
  • Complete information on any real estate you currently own
  • Approximate value of your personal property
  • Gross monthly income amounts for all current employment
  • Your addresses for the past two years
  • The name and addresses of your employers for the last two years

You’ll also be required to supply the following paperwork:
  • Tax returns for the past two years
  • Current pay stubs or other paperwork verifying your current income
  • Income statement and business balance sheet (these are required for self-employed borrowers only)

Ready to apply for an FHA Home Loan in San Bernardino, California? Call Nathan Rufty at 909-503-5600.
Posted by Nathan Rufty on February 12th, 2020 6:22 PM

What is the USDA purchase home loan program in California and Arizona and who does them? Here is a video to look up the approved lending areas https://www.youtube.com/watch?v=tbzzRB43vXg This is still a no money down purchase home loan programs in California and Arizona known as the USDA home loan program. Explore your options on buying a house in California or Arizona using the USDA home loan. 

Please call, text or email me with any questions, 

Nathan Rufty
Mortgage Loan Originator 

Call or Text at 909-503-5600
CA & AZ NMLS #292056
Check Out Our Rates

Posted by Nathan Rufty on February 8th, 2020 11:19 AM



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