Welcome to Sellens Real Estate Lending, providing loan origination throughout the State of California.
Primarily, at Sellens Real Estate Lending, we originate real estate loans on 1-4 Single Family Residence properties, although we provide commercial real estate financing as well, anywhere in the United States.
Lending specialty types are FHA, VA and Conventional Loans, like Fannie Mae and Freddie Mac. In addition, we offer other specialty loans for Manufactured Homes and Mobile Homes, built before and after 1976.
You can purchase a home, refinance it, simply to lower your monthly cost for the home, or refinance the home and get some cash out of your equity, to pay existing credit line payments, or put in that great home improvement that you always wanted.
A Manufactured Home is “pulled” on to the land site, usually in two or three sections. It has a Title, similar to a vehicle, until it is permanently affixed to the land. This type of lending has some quirks that are well know at Sellens Lending. In the past 30 years we have watch this type of financing bloom into what it is today. Still, there are laws and lender overlays that must be know to efficiently close this type of loan.
Mobile Homes are different than Manufactured Homes, although we offer loan programs for both. Most often, a Mobile home is located in a Mobile Home Park, and the land is not owned, but leased monthly. The interest rates for these properties are a little higher, and the loan term is shorter, but we have the best programs for this type of property.
Please visit some of the other pages, especially under the Features section of this site, to get more specifics about all types of properties we lend on, like traditional “Stick-Built” properties, Manufactured Homes and Mobile Homes.
Please call at any time to discuss your particular lending needs. Judy Sellens, Sellens Real Estate Lending, 951-265-2102