Sellens Real Estate Lending

Features

Loan Program FeaturesAll traditional Lending Programs are offered. Below are some program features.

Scroll down to see the lending program and information features:

Please contact me to discuss your particular loan scenario.  judy@sellenslending.com

Lending, on all property types, other than Commercial Properties, is in California only.

Expected time table to close your purchase loan.

Services Offered – Including Contract Processing.

Complete your Loan Application on-line. No Cost – No Obligation

FHA Loans

VA Loans

Conventional Loans

80% Loan to Value Owner Occupied Cash Out Refinance Program – No Ownership Seasoning Waiting Period.

Manufactured Homes

Mobile Homes on Leased Land in a Park

Modular Home Loans are offered, but not in Mobile Home Parks.  You must be purchasing the land or already own it.

Reverse Mortgages

General Borrower Information

Commercial Loans and Niche Loans

For the most part, the type of lending that you get, is determined by the type of property you are financing. FHA loans are only offered for one to four unit properties, and if the property involves more than one unit, then the owner must live in one of the units.

VA loans are fabulous for veterans. You should ask VA for a copy of your honorable discharge, and get a certificate of eligibility. 100% financing is available for veterans, and if you exceed the county loan limit, then VA will still finance 75% of your purchase amount.

Conventional loans, especially at 80% or less, are desirable, because there is no mortgage insurance premium. About 80% there is mortgage insurance premium, but unlike FHA, once the loan amount goes down, you may get the mortgage insurance waived.

Financing a manufactured home or mobile home requires some additional knowledge. I can help by giving you some obvious pitfalls to avoid, so you don’t waste your time and money working on a home you can’t finance.

Manufactured homes on permanent foundations, with a 433 a certificate, can be financed as a reverse mortgage.

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