Loan Programs

We specialize in Conventional, Refi’s, FHA, VA, Reverse, and Private Money loans for all consumers! See our list below.

Conventional Loans

Conventional loans are not guaranteed or insured by the federal government. This means the lender has the word on approval and rate. Conventional loans provide optional criteria that allow borrowers to purchase or refinance a home.

There are a number of advantages, depending on your credit worthiness.

  • Lower Fees
  • Better Rates with better credit scores
  • Use of Supplemental Collateral
  • Option for Borrower Unable to Obtain Private Mortgage Insurance
  • Alternative for a Cash-Short Borrower
  • Pre-Approval Appeal

Refinance Program

With a refinance, you pay off your current loan with a new loan and restructure the mortgage to fit your needs. You could also save a considerable amount of money over the life of your loan and potentially improve your overall financial outlook.

Refinance Highlights
Refinancing may be the right decision if your home value significantly increased or current interest rates are low. You may even be able to:

  • Shorten your loan’s term to save even more money
  • Refinance to a lower interest rate which might also lower your monthly payments
  • Convert your adjustable-rate mortgage (ARM) to a fixed-rate loan which will keep your payments safe from possible interest rate increases
  • Combine a first and second lien to a single loan for simplicity and savings
  • Consolidate debt from higher interest rate credit cards or subordinate financed loans into one loan which may result in lower monthly payments
  • Turn your home equity into cash

Refinance Options

Cash-Out Refinance*
A cash-out refinance allows you to take cash out of your home equity by replacing your current mortgage with a new loan that is more than the amount owed. This option can help you pay for major expenses like college tuition, debt or home improvements.

*Appraised property value may affect loan amount.

Adjustable-Rate Mortgage (ARM)
Typically adjustable-rate mortgages offer low introductory rates and payments that can change periodically after the initial fixed-rate period. An ARM could be the right choice for you if you plan on staying in your home for just a few years, you’re expecting a future pay increase, or the current interest rate on a fixed-rate mortgage is too high.

Fixed-Rate Mortgage
Fixed-rate mortgages protect you against rising rates since the interest rate remains the same for the entire term of the loan. You can select a 30-, 20- or 15-year term, but keep in mind lower term options have higher monthly payments which means you are building home equity faster. If you plan on staying in your home for a longer time frame, a fixed-rate mortgage could be the right solution for you.

FHA Loans

For over 80 years FHA loans have been helping people become homeowners. This is possible because the Federal Housing Administration (FHA) insures the loan, so we can offer you a better deal.

  • Low down payments
  • Low closing costs
  • Easy credit qualifying
  • Great for 1st time Buyers

FHA loans provide flexible lending solutions for qualified customers who may have past credit issues, lack funds for a down payment or closing costs or are looking to refinance a current home loan.

You may be eligible for this loan that offers qualified customers to pay as little as 3.5% down and allows family members to pay the required down payment, closing costs, discount points and other prepaid expenses.

VA Loans

You may qualify if you are a veteran, active military, or a surviving spouse of a veteran. If you are an eligible veteran, you are not required to pay mortgage insurance premiums with a VA loan, which will lower your monthly payment. You may also qualify for home financing with no money down, allowing your available money to be applied toward other investments or expenses.

  • Fast approvals
  • Refinance up to 100% of your home
  • Purchase a home with no down payment
  • Save thousands of dollars
  • No PMI (mortgage insurance)
  • Fixed-Rate or ARM mortgage options available
  • Qualify with Less-than-perfect credit

Adjustable Rate Mortgage (ARM)

An adjustable-rate mortgage (ARM) is a loan term option with interest rates that can change periodically after the initial fixed-rate period. After this introductory period, monthly payments are susceptible to increases or decreases based on market fluctuations, which can also affect the monthly payment.

Adjustable-Rate Mortgage Highlights
An ARM might be the right option for you if you plan on moving within 7 years since they feature lower introductory interest rates. If interest rates are expected to fall, a homeowner could potentially reduce their monthly payments with the lowered interest rates. Highlights of an adjustable-rate mortgage include:

  • Lower initial monthly payments
  • Possibility to qualify for higher loan amounts
  • Rates and Payments may decrease based on the index rate

Jumbo Loans

A jumbo loan, or non-conforming mortgage, allows you to purchase more expensive homes with a loan amount above the conforming limit set by the Federal Housing Finance Agency. In most areas of the country, the conventional conforming loan limit is $453,100; however, the limit is $679,650 in higher cost areas.

Jumbo Loan Highlights
If you have a low debt-to-income (DTI) ratio and a higher credit score, but you don’t have enough funds to bring the loan amount under the conforming limit, a jumbo loan might be the right option for you. Highlights of non-conforming loans include:

  • Finance a home over the maximum loan amount established by the Federal Housing Finance Agency
  • Higher purchase limits allow borrower to purchase more house
  • Convenience of one loan for the entire loan amount
  • Primary residence, second home or investment property
  • Fixed-rate or adjustable-rate mortgages (ARM)

Private Money Lending

We offer Private Lending Solutions that allow us to set the criteria for qualification. This gives us the discretion and you the flexibility to get the loan you need.

  • Construction loans
  • Land loans
  • Multi-family loans

CalHFA VA Program

The CalHFA VA program is a VA-insured loan featuring a CalHFA fixed interest rate first mortgage. This loan is a 30-year fixed interest rate first mortgage.

Eligibility

Review the guidelines below for both “Borrower” and “Property” Requirements to determine if you may be eligible to apply for the CalHFA VA Program.

Borrower Requirements

  • Occupy the property as a primary residence; non-occupant co-borrowers are not allowed.
  • CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
  • Meet CalHFA income limits for this program.
  • Present a valid certificate of eligibility per VA guidelines.
    *In the case of conflicting guidelines, the lender must follow the more restrictive.

Property Requirements

  • Sales price of the home cannot exceed CalHFA’s sales price limit
  • Be a single-family, one-unit residence, including approved condominium/PUDs
  • Guest houses, granny units and in-law quarters may be eligible
  • Manufactured housing is not permitted
  • Condominiums must meet the guidelines of the first mortgage
  • There is a five acre maximum on the size of the property
    *In the case of conflicting guidelines, the lender must follow the more restrictive.

CalHFA FHA Program

The CalHFA FHA Program is an FHA-insured loan featuring a CalHFA 30 year fixed interest rate first mortgage.

Review the guidelines below for both “Borrower” and “Property” Requirements to determine if you may be eligible to apply for the CalPLUS Conventional.

Borrower Requirements

  • Occupy the property as a primary residence; non-occupant co-borrowers are not allowed.
  • CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
  • Meet CalHFA income limits for this program.
    *In the case of conflicting guidelines, the lender must follow the more restrictive.

Property Requirements

  • Sales price of the home cannot exceed CalHFA’s sales price limit
  • Be a single-family, one-unit residence, including approved condominium/PUDs
  • Guest houses, granny units and in-law quarters may be eligible
  • Manufactured housing is permitted
  • Condominiums must meet the guidelines of the first mortgage
  • There is a five acre maximum on the size of the property
    *In the case of conflicting guidelines, the lender must follow the more restrictive.

CalVet Program

If you are a veteran and want a great home loan, then you need a CalVet Home Loan. You’ll find the CalVet Loan will save you money and provide protection for your home and investment.

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Join Our Team Today!

If success is the path you are on then you’ve come to the right place. MBS Capital Group brings together like minded professionals to increase the success rate of all. We leverage our lending & real estate relationships to accomplish one main goal – “taking great care of our clients.”

Our Location

MBS Capital Group Inc.
8765 Mesa Point Terrace
San Diego, CA 92154

CA Dept of Real Estate License #01896298

NMLS #819032

www.nmlsconsumeraccess.org

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