If you don’t qualify for conventional mortgages, it doesn’t mean your dreams of homeownership are out of reach. With our Federal Housing Administration (FHA) loans, you can make your goal of owning a home a reality. Let Standard Lenders help you live the American Dream.

An FHA loan is a government-backed mortgage that is guaranteed by the US Federal Housing Administration. The FHA itself does not provide the loans but insures the mortgages that are issued by FHA-approved private lenders. This loan product is designed to help low to middle-income Americans that don’t qualify for conventional loans to become homeowners.

FHA mortgages have more lenient requirements than conventional loans, which makes them popular with first-time homebuyers. These looser financial requirements, however, pose an increased risk to lenders. As a result, FHA loan borrowers must pay a two-part mortgage insurance to compensate for this increased risk.

Although easier to get than conventional loans, you still need to satisfy several requirements to qualify for FHA mortgages. Lenders will do a background check on you as they would with any other mortgage applicant. However, instead of analyzing your credit report, lenders will look at your employment history, rent payments, and other financial records within the past two years to determine if you’re a good candidate for this loan.

Standard Lenders was founded on the principle that customers come first. We go above and beyond to make the loan selection and approval process as simple as possible. Whether you need loan refinancing or want a reverse mortgage to supplement your retirement income, we’ll work with you to create a custom home mortgage loan tailored for your unique circumstances.

A Premier Reverse Mortgage Broker in California, Standard Lenders provides unrivaled transparency, communication, and accessibility. We stay in touch with clients regularly and update them on the latest happenings in the housing industry that could affect their finances. Our loan experts can connect with you over the phone, email, and at home to accommodate your every need.

If you don’t qualify for conventional mortgages, it doesn’t mean your dreams of homeownership are out of reach. With our Federal Housing Administration (FHA) loans, you can make your goal of owning a home a reality. Let Standard Lenders help you live the American Dream.

An FHA loan is a government-backed mortgage that is guaranteed by the US Federal Housing Administration. The FHA itself does not provide the loans but insures the mortgages that are issued by FHA-approved private lenders. This loan product is designed to help low to middle-income Americans that don’t qualify for conventional loans to become homeowners.

FHA mortgages have more lenient requirements than conventional loans, which makes them popular with first-time homebuyers. These looser financial requirements, however, pose an increased risk to lenders. As a result, FHA loan borrowers must pay a two-part mortgage insurance to compensate for this increased risk.

There are two basic types of reverse mortgages that can be refinanced: traditional reverse mortgages and jumbo reverse mortgages. These products are available both to first-time clients and to existing reverse mortgage homeowners.

If you’ve been wondering “Can you refinance reverse mortgages?”, we have some good news for you. Traditional reverse mortgages are Home Equity Conversion Mortgages (HECMs). Traditional reverse mortgage loan amounts range up to $822,375. These loans are federally insured by the US government and allow you to maintain your title and homeownership for the rest of your life while receiving monthly payments to supplement your retirement income.

These funds can be dispersed as a one cash lump sum or line of credit to live comfortably during your retirement, pay off debts and medical bills, afford caregiving expenses, etc. This can provide you with peace of mind knowing your surviving spouse will be protected. Additionally, traditional reverse mortgages have the benefit that you can leave your home to your heirs rather than it going automatically to the bank upon passing. Enjoy no prepayment penalty with your refinanced reverse mortgage loan from best mortgage companies to work for in california.

A jumbo reverse mortgage can give seniors under age 62 access to millions of dollars. While reverse mortgages have a lot in common with traditional mortgages, there are significant differences. Let’s take a look at what a jumbo reverse mortgage is and how it can benefit you.

A jumbo reverse mortgage allows you to borrow a higher loan limit than those provided by Federal Housing Administration’s (FHA’s) or Home Equity Conversion Mortgage (HECM). This program is solely offered by private lenders, not the government. As of 2021, the maximum claim amount for the HECM program is $822,375.

The standard requirements for this kind of mortgage are usually the same as basic reverse mortgage requirements:

You must live in the home you’re financing for the majority of the year – primary residence
You must be able to cover your current loan balance and any cash you wish to claim with your equity
You must provide proof that is current with your property taxes and insurance
Your home must be maintained
Whether you’re getting a jumbo reverse mortgage in California or New York, the requirements will most likely be the same.

Whether you already have a reverse mortgage and you’re looking for a better deal, or you’re looking for the best reverse mortgage loan for senior citizens, Standard Lenders is here to help you. We set the standard for quality reverse mortgage service and would love to work with you to come up with an individualized plan for your circumstances.

Reverse mortgages allow you to eliminate monthly mortgage payments* while accessing tax-free proceeds so you can spend your money the way you need and want to. Our reverse mortgage loans for senior citizens allow California residents to comfortably stay in their homes, using their equity so they can age in place and enjoy the home they love.

Reverse mortgage loans are a great option for seniors who want more financial flexibility. Leveraging your home’s equity may be all you need to live comfortably and have peace of mind in your financial security.

*Borrower is still responsible to pay property taxes, homeowner’s insurance, and home maintenance costs.

Standard Lenders was founded on the principle that customers come first. We go above and beyond to make the loan selection and approval process as simple as possible. Whether you need loan refinancing or want a reverse mortgage to supplement your retirement income, we’ll work with you to create a custom home mortgage loan tailored for your unique circumstances.

A Premier Reverse Mortgage Broker in California, Standard Lenders provides unrivaled transparency, communication, and accessibility. We stay in touch with clients regularly and update them on the latest happenings in the housing industry that could affect their finances. Our loan experts can connect with you over the phone, email, and at home to accommodate your every need.

A reverse mortgage, also referred to as a home equity conversion mortgage (HECM), is a unique kind of mortgage designed specifically for homeowners 62 and older. Despite the fact that homeowners’ insurance and property taxes are still the responsibility of the borrower, there are no monthly mortgage payments required.

Refinance Reverse Mortgage Los Angeles allows you to change the loan’s terms or switch to a different kind of mortgage. The procedure is comparable to a conventional refinance in that a new loan is taken out to replace the old mortgage. Additionally, just like with conventional loans, borrowers must be eligible before they can refinance reverse mortgage.

We’ll discuss refinance reverse mortgage in detail and when it might be a good idea for you.

Switching from one reverse mortgage to another is possible, just like any other mortgage refinancing. However, there are only a few circumstances in which a homeowner will benefit from this type of refinancing. This only becomes a viable option when the homeowner benefits significantly compared to the closing costs incurred when refinancing the loan.

Typically, it occurs when interest rates have dropped or the value of the home has increased. A fixed rate reverse mortgage in an environment where interest rates are rising is one situation where switching the type of reverse mortgage makes financial sense.

Buying your first home is not only rewarding but one of the most important investment decisions you’ll ever make. Standard Lenders offers a range of first-time home buyer loans to help you find the best mortgage for your financial needs. Let us help you achieve your American Dream.

If you’re in the market to First-Time Home Buyer Loans In California, home prices may give you a sticker shock. That’s especially true in California, which is among the most expensive states to buy a home in. While buying a home in the Golden State might seem like a pipe dream, becoming a homeowner is an attainable goal with countless loan programs available for first-time homebuyers in California.

Californians can benefit both from national mortgage programs and state-level options offered by the California Housing Finance Agency (CalHFA). From getting help for a down payment to covering the closing costs, there’s a loan product to meet your every need. Explore all the national and state mortgage options available to buy your first home in the Golden State.

Before we walk you through mortgage programs specifically developed for California residents, we’ll discuss a few national home loan options available to residents in all states. Offered by most private lenders, these national mortgage programs can be a great option for people that need loans with flexible credit or low down payment requirements.

Standard Lenders was founded on the principle that customers come first. We go above and beyond to make the loan selection and approval process as simple as possible. Whether you need loan refinancing or want a reverse mortgage to supplement your retirement income, we’ll work with you to create a custom home mortgage loan tailored for your unique circumstances.

A Premier Reverse Mortgage Broker in California, Standard Lenders provides unrivaled transparency, communication, and accessibility. We stay in touch with clients regularly and update them on the latest happenings in the housing industry that could affect their finances. Our loan experts can connect with you over the phone, email, and at home to accommodate your every need.

A reverse mortgage, also referred to as a home equity conversion mortgage (HECM), is a unique kind of mortgage designed specifically for homeowners 62 and older. Despite the fact that homeowners’ insurance and property taxes are still the responsibility of the borrower, there are no monthly mortgage payments required.

Refinance Reverse Mortgage Los Angeles allows you to change the loan’s terms or switch to a different kind of mortgage. The procedure is comparable to a conventional refinance in that a new loan is taken out to replace the old mortgage. Additionally, just like with conventional loans, borrowers must be eligible before they can refinance reverse mortgage.

We’ll discuss refinance reverse mortgage in detail and when it might be a good idea for you.

Switching from one reverse mortgage to another is possible, just like any other mortgage refinancing. However, there are only a few circumstances in which a homeowner will benefit from this type of refinancing. This only becomes a viable option when the homeowner benefits significantly compared to the closing costs incurred when refinancing the loan.

Typically, it occurs when interest rates have dropped or the value of the home has increased. A fixed rate reverse mortgage in an environment where interest rates are rising is one situation where switching the type of reverse mortgage makes financial sense.

Locally based business, the best option is “local choice.”

Throughout the entire house loan procedure, we are here to assist you. As your neighborhood reverse mortgage brokers San Diego County, we can offer you individualized service with low rates and low costs, ensuring that you get the best loan possible for your financial condition.

We combine this specialized service with the most cutting-edge hardware and software to make the application and processing simple and speedy.

We can assist you in fulfilling your desire to acquire a property! Let us take that first step as your reverse mortgage brokers, towards realizing your dreams.

It can be beneficial to become aware of the types of reverse mortgage loan options that are accessible to you. Fortunately, we’re here as your reverse mortgage brokers in San Diego County to assist you in selecting the house loan that best suits your requirements.

Whether you’re looking to buy a new home or refinance your existing one, reverse mortgage brokers San Diego County, can assist you with all your mortgage needs.

To better serve the needs of local borrowers, we provide a comprehensive choice of refinancing solutions. We can help you if you want to get cash out or get a better rate and term.

There are two basic types of reverse mortgages that can be refinanced: traditional reverse mortgages and jumbo reverse mortgages. These products are available both to first-time clients and to existing reverse mortgage homeowners.

If you’ve been wondering “Can you refinance reverse mortgages?”, we have some good news for you. Traditional reverse mortgages are Home Equity Conversion Mortgages (HECMs). Traditional reverse mortgage loan amounts range up to $822,375. These loans are federally insured by the US government and allow you to maintain your title and homeownership for the rest of your life while receiving monthly payments to supplement your retirement income.

These funds can be dispersed as a one cash lump sum or line of credit to live comfortably during your retirement, pay off debts and medical bills, afford caregiving expenses, etc. This can provide you with peace of mind knowing your surviving spouse will be protected. Additionally, traditional reverse mortgages have the benefit that you can leave your home to your heirs rather than it going automatically to the bank upon passing. Enjoy no prepayment penalty with your refinanced reverse mortgage loan.

Most people worry about having enough money to support a decent retirement due to the one-two punch of inflation and economic volatility. The Reverse Mortgage Lenders Orange County may be able to help you maintain the standard of living you’ve worked so hard to acquire.

While some people take out home equity loans, Reverse Mortgage Lenders Orange County can assist retirees by turning a portion of their home value into income-tax-free funds, which can be used to supplement retirement income or lower living costs.

In contrast to a standard home equity loan or home equity line of credit, a reverse mortgage includes flexible repayment options. You can choose to defer payments or pay as much as you’d like toward principal and interest each month.
Although making monthly mortgage payments is not required, like with any mortgage, the borrowers must meet their loan obligations by paying their property taxes, insurance, and maintenance as they become due.
The loan debt is due in full whether you move, pass away, or sell your house. There are no penalties for making early payments; you can choose to pay down your principal and interest anytime you want. The house must meet property type and condition requirements and serve as your primary residence.
The bank holds a lien on your house when you take out a reverse mortgage, just like a regular mortgage. You will continue to have title to the house in your name as the borrower. As was already mentioned, you still have to pay your loan’s requirements, such as taxes, insurance, and maintenance.
You can select how your funds will be delivered based on your requirements: A line of credit has several advantages over a standard home equity line of credit, such as increased flexibility.

If you don’t qualify for conventional mortgages, it doesn’t mean your dreams of homeownership are out of reach. With our Federal Housing Administration (FHA) loans, you can make your goal of owning a home a reality. Let Standard Lenders help you live the American Dream.

An FHA loan is a government-backed mortgage that is guaranteed by the US Federal Housing Administration. The FHA itself does not provide the loans but insures the mortgages that are issued by FHA-approved private lenders. This loan product is designed to help low to middle-income Americans that don’t qualify for conventional loans to become homeowners.

FHA mortgages have more lenient requirements than conventional loans, which makes them popular with first-time homebuyers. These looser financial requirements, however, pose an increased risk to lenders. As a result, FHA loan borrowers must pay a two-part mortgage insurance to compensate for this increased risk.

Although FHA mortgages are geared more towards new homeowners, the program has been modified to accommodate diverse home loan needs. In addition to traditional mortgages for first-time homebuyers, FHA also offers reverse mortgages and loans for home improvement. Here are the five most common types of FHA loans in California:Although FHA mortgages are geared more towards new homeowners, the program has been modified to accommodate diverse home loan needs. In addition to traditional mortgages for first-time homebuyers, FHA also offers reverse mortgages and loans for home improvement. Here are the five most common types of FHA loans in California:

A jumbo reverse mortgage can give seniors under age 62 access to millions of dollars. While reverse mortgages have a lot in common with traditional mortgages, there are significant differences. Let’s take a look at what a jumbo reverse mortgage is and how it can benefit you.

A jumbo reverse mortgage allows you to borrow a higher loan limit than those provided by Federal Housing Administration’s (FHA’s) or Home Equity Conversion Mortgage (HECM). This program is solely offered by private lenders, not the government. As of 2021, the maximum claim amount for the HECM program is $822,375.

The standard requirements for this kind of mortgage are usually the same as basic reverse mortgage requirements:

You must live in the home you’re financing for the majority of the year – primary residence
You must be able to cover your current loan balance and any cash you wish to claim with your equity
You must provide proof that is current with your property taxes and insurance
Your home must be maintained
Whether you’re getting a jumbo reverse mortgage in California or New York, the requirements will most likely be the same.

Buying your first home is not only rewarding but one of the most important investment decisions you’ll ever make. Standard Lenders offers a range of first-time home buyer loans to help you find the best mortgage for your financial needs. Let us help you achieve your American Dream.

If you’re in the market to First-Time Home Buyer Loans In California, home prices may give you a sticker shock. That’s especially true in California, which is among the most expensive states to buy a home in. While buying a home in the Golden State might seem like a pipe dream, becoming a homeowner is an attainable goal with countless loan programs available for first-time homebuyers in California.

Californians can benefit both from national mortgage programs and state-level options offered by the California Housing Finance Agency (CalHFA). From getting help for a down payment to covering the closing costs, there’s a loan product to meet your every need. Explore all the national and state mortgage options available to buy your first home in the Golden State.

Standard Lenders was founded on the principle that customers come first. We go above and beyond to make the loan selection and approval process as simple as possible. Whether you need loan refinancing or want a reverse mortgage to supplement your retirement income, we’ll work with you to create a custom home mortgage loan tailored for your unique circumstances.

A Premier Reverse Mortgage Broker in California, Standard Lenders provides unrivaled transparency, communication, and accessibility. We stay in touch with clients regularly and update them on the latest happenings in the housing industry that could affect their finances. Our loan experts can connect with you over the phone, email, and at home to accommodate your every need.

A reverse mortgage, also referred to as a home equity conversion mortgage (HECM), is a unique kind of mortgage designed specifically for homeowners 62 and older. Despite the fact that homeowners’ insurance and property taxes are still the responsibility of the borrower, there are no monthly mortgage payments required.

Refinance Reverse Mortgage Los Angeles allows you to change the loan’s terms or switch to a different kind of mortgage. The procedure is comparable to a conventional refinance in that a new loan is taken out to replace the old mortgage. Additionally, just like with conventional loans, borrowers must be eligible before they can refinance reverse mortgage.

We’ll discuss refinance reverse mortgage in detail and when it might be a good idea for you.

Switching from one reverse mortgage to another is possible, just like any other mortgage refinancing. However, there are only a few circumstances in which a homeowner will benefit from this type of refinancing. This only becomes a viable option when the homeowner benefits significantly compared to the closing costs incurred when refinancing the loan.

Typically, it occurs when interest rates have dropped or the value of the home has increased. A fixed rate reverse mortgage in an environment where interest rates are rising is one situation where switching the type of reverse mortgage makes financial sense.

Locally based business, the best option is “local choice.”

Throughout the entire house loan procedure, we are here to assist you. As your neighborhood reverse mortgage brokers San Diego County, we can offer you individualized service with low rates and low costs, ensuring that you get the best loan possible for your financial condition.

We combine this specialized service with the most cutting-edge hardware and software to make the application and processing simple and speedy.

We can assist you in fulfilling your desire to acquire a property! Let us take that first step as your reverse mortgage brokers, towards realizing your dreams.

It can be beneficial to become aware of the types of reverse mortgage loan options that are accessible to you. Fortunately, we’re here as your reverse mortgage brokers in San Diego County to assist you in selecting the house loan that best suits your requirements.

Whether you’re looking to buy a new home or refinance your existing one, reverse mortgage brokers San Diego County, can assist you with all your mortgage needs.

To better serve the needs of local borrowers, we provide a comprehensive choice of refinancing solutions. We can help you if you want to get cash out or get a better rate and term.

There are two basic types of reverse mortgages that can be refinanced: traditional reverse mortgages and jumbo reverse mortgages. These products are available both to first-time clients and to existing reverse mortgage homeowners.

If you’ve been wondering “Can you refinance reverse mortgages?”, we have some good news for you. Traditional reverse mortgages are Home Equity Conversion Mortgages (HECMs). Traditional reverse mortgage loan amounts range up to $822,375. These loans are federally insured by the US government and allow you to maintain your title and homeownership for the rest of your life while receiving monthly payments to supplement your retirement income.

These funds can be dispersed as a one cash lump sum or line of credit to live comfortably during your retirement, pay off debts and medical bills, afford caregiving expenses, etc. This can provide you with peace of mind knowing your surviving spouse will be protected. Additionally, traditional reverse mortgages have the benefit that you can leave your home to your heirs rather than it going automatically to the bank upon passing. Enjoy no prepayment penalty with your refinanced reverse mortgage loan.

Most people worry about having enough money to support a decent retirement due to the one-two punch of inflation and economic volatility. The Reverse Mortgage Lenders Orange County may be able to help you maintain the standard of living you’ve worked so hard to acquire.

While some people take out home equity loans, Reverse Mortgage Lenders Orange County can assist retirees by turning a portion of their home value into income-tax-free funds, which can be used to supplement retirement income or lower living costs.

In contrast to a standard home equity loan or home equity line of credit, a reverse mortgage includes flexible repayment options. You can choose to defer payments or pay as much as you’d like toward principal and interest each month.
Although making monthly mortgage payments is not required, like with any mortgage, the borrowers must meet their loan obligations by paying their property taxes, insurance, and maintenance as they become due.
The loan debt is due in full whether you move, pass away, or sell your house. There are no penalties for making early payments; you can choose to pay down your principal and interest anytime you want. The house must meet property type and condition requirements and serve as your primary residence.

If you don’t qualify for conventional mortgages, it doesn’t mean your dreams of homeownership are out of reach. With our Federal Housing Administration (FHA) loans, you can make your goal of owning a home a reality. Let Standard Lenders help you live the American Dream.

An FHA loan is a government-backed mortgage that is guaranteed by the US Federal Housing Administration. The FHA itself does not provide the loans but insures the mortgages that are issued by FHA-approved private lenders. This loan product is designed to help low to middle-income Americans that don’t qualify for conventional loans to become homeowners.

FHA mortgages have more lenient requirements than conventional loans, which makes them popular with first-time homebuyers. These looser financial requirements, however, pose an increased risk to lenders. As a result, FHA loan borrowers must pay a two-part mortgage insurance to compensate for this increased risk.

A jumbo reverse mortgage can give seniors under age 62 access to millions of dollars. While reverse mortgages have a lot in common with traditional mortgages, there are significant differences. Let’s take a look at what a jumbo reverse mortgage is and how it can benefit you.

A jumbo reverse mortgage allows you to borrow a higher loan limit than those provided by Federal Housing Administration’s (FHA’s) or Home Equity Conversion Mortgage (HECM). This program is solely offered by private lenders, not the government. As of 2021, the maximum claim amount for the HECM program is $822,375.

The standard requirements for this kind of mortgage are usually the same as basic reverse mortgage requirements:

You must live in the home you’re financing for the majority of the year – primary residence
You must be able to cover your current loan balance and any cash you wish to claim with your equity
You must provide proof that is current with your property taxes and insurance
Your home must be maintained
Whether you’re getting a jumbo reverse mortgage in California or New York, the requirements will most likely be the same.