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Weekend of October 7th, 2011
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CONFORMING
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Program
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Rate*Credit
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30 Year Fixed
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4.500%<.205>
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30 Yr Fix Investor
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4.990%<.155>
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15 Year Fixed
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3.875% <.124>
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5/1 ARM
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3.375% .836 COST
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7/1 ARM
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3.875% .334 COST
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USDA (100
Platinum (3% Grant)
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3.75% <1.014>
4.500% <.000>
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VA (zero down) 3.750% <.991>
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FHA FINANCING:
30 Year Fixed4.0 % <.892>
5/1 ARM 3.0% <.153>
3.5% Down to 474,950kbal.
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Basic guidelines for Down Payment, FICO, and seller paid closing costs.
FHA 3.5% down, 640 min FICO, seller can pay up to 6% of sales price toward closing.
Conventional 5% minimum down, 700 FICO to get MI, seller can pay up to 3% of sales price toward closing.
Investors 20% minimum down, better rates at 25% down, 700 FICO scores.
Cash out- refinance requires 660 + FICO
These rate figures based on a $250k sales price and 740 + FICO.
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HIGH BALANCE TO $474,950
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Program
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Rate* Credit
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30 Year Fixed
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5.0%<.165>
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PRODUCT SPOTLIGHT
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In House Jumbo Loans to $1,500,000(20% down min., 25% down quoted, even lower rate available with 30% or more downcall me.)Credit
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Rate/Payment fixed 5 years 4.25%<.117>
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30 Year Fixed 5.25% <.193>
With 30% down or more, we Underwrite Jumbo loans to $1.5m in house using local appraisers, for a quick close call me.
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Rates are courtesy of Rick Johnson with Comstock Mortgage
916-367-3738
Comstock Mortgage is a locally owned Mortgage Banker (we currently process over 95% of our loans in house where
we control the processing, underwriting, doc drawing and funding) as well as a Mortgage Broker, approved with just
about every reputable lender to broker loans to.
I am only looking to do honest, reputable business, helping you in creating Clients for Life. I use all of the latest technology
available to shop for loan pricing, send out electronic loan document packages, and to receive property valuations.
I am FHA Certified having attended FHA’s 3 day class, numerous Webinars and their most recent 1 day class in Sacramento.
My lending specialties include;
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Purchase Money Loans-In house
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Refinancing Loans-In house
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FHA Loans-In house
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FHA 203k Rehabilitation Loans including the Streamlined K –In house
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FHA Energy Efficient Mortgages-In house
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Fannie Mae HomePath-In house
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Platinum Program with only ½ % down payment and a 3% Grant that never has to be paid back. In house
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Streamline Refinance- In house
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VA Loans-In house
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Conventional Loans-In house
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Direct Underwriter of USDA Loans-In house
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Home Ownership Accelerator loans for those with disposable incomes looking to pay off their mortgage in the quickest time possible.
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CalPERS Home Loans (This program has been suspended indefinitely.)
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CalSTRS Home Loans-In house
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CalHFA First Time Buyer
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NHF Programs- some in house
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First Time Home Buyers-In house
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Move Up Home Buyers-In house
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2nd Homes-In house
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Investment Properties-In house
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Jumbo Loans up to $1,500,000-In house
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Reverse Mortgages including Reverse Mortgage Purchases
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Hard Money Loans
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School Teacher Loans
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Law Enforcement Loans
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Manufactured Homes on a permanent foundation on land.
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And much more
I spend the majority of my time in the Roseville office, but, I am available to meet at you or clients at any one of our local officesor yours.
Also, whenever possible, I attend all of my loan signings and have a great working relationship with all of the localTitle Companies.
Sacramento
3626 Fair Oaks Blvd
Suite 100
Sacramento, CA 95864
Roseville
3001 Lava Ridge Court
Suite 160
Roseville, CA 95661
El Dorado Hills
3840 El Dorado Hills Blvd. #101
El Dorado Hills, California 95762
Pleasanton
4133 Mohr Suite G
Pleasanton, CA 94566
Davis
404 2nd St.
Davis, CA 95616
Elk Grove
8788 ELK GROVE BLVD BLDG 3 STE 15
Elk Grove, CA 95624
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I look forward to working together real soon. Please feel free to call me anytime.
Sincerely,
Rick
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