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Loan Programs
Patrion Mortgage
is a full service, direct lender. That means that you deal with Joey Aszterbaum
through the whole lending process. We make the decision on your home loan, and
we lend you our own money. That's a key part of the No-Headache Home Loan
process.
Patrion Mortgage offers too many mortgage loan programs to
list them all. If you want to know which home loan program is best for you,
please contact Joey Aszterbaum, the No-Headache Home Loan Expert, today!
In the meantime, feel free to click on and learn about these popular
No-Headache Home Loan Programs:
Conventional, Fixed Interest
Loans 30, 20 and 15 year terms. These mortgage
loans provide consistent payments that are great for long term planning. If you
don't envision moving or refinancing within 5-10 years, this might be the right
loan for you.
ARMs
Adjustable Rate Mortgage loans, with optional fixed
rate terms from 6 months to 10 years. Benefits: lower interest rates, lower
payments. Most Californians move every 5-6 years…why use a higher fixed
rate? These are also great for investors.
PayOptions Loans
The Pay Option ARM is the most popular home loan in
Southern California. It's a specialty mortgage loan with a very low beginning
rate (typically 1%) that offers the lowest minimum payment possible. Along with
this flexible payment, there are potential tax benefits of deferring interest
and a clear, 5-year schedule of your minimum payment. In an environment where
property values are rising (such as now), you can build equity in your home
without paying any principle so you can increase your cash flow for other
purposes.
Interest-Only Loans
Interest-Only loans give you the option of a smaller
minimum payment without deferring interest. This gives you more flexibility
with your cash flow. In an environment where property values are rising (such
as now), you can build equity in your home without paying any principle so that
you can use that money for other purposes.
100% Financing
We have home loans with no down payment required. We
also have 103% and 107% mortgage programs to pay for some of your closing costs
and make it easier for you to move in on a small budget.
Stated Income Loans
Stated Income mortgage loans are loans where no income
verification is required (2 years employment history). If you are self-employed
or have income that is hard to document, you don't have to provide unnecessary
paperwork. You can qualify for the mortgage payment that you decide you can
afford.
Credit Problem Loans
Just because you've had a bankruptcy, foreclosure,
charge-offs, repos, collections or some late payments doesn't mean you can't
buy or refinance your home. We have extra-flexible home loans that you may
qualify for. And unlike most lenders, we have home loan programs that don't
require you to bring past due accounts current or pay off collections.
Jumbo Loans
Jumbo Mortgage Loans available up to $6,000,000.
CalPERS Loans
Mortgage loans for members of the California Public
Employee Retirement System. Benefits: you can use a personal loan against your
PERS retirement for the down payment. Lower PMI rates reduce your loan payment
so you can afford more home with less money down. Controlled closing costs
reduce your out of pocket expenses.
CalSTRS Loans
Mortgage loans for members of the California State
Teachers Retirement System. Benefits: you can use a personal loan against your
STRS retirement for the down payment. Lower PMI rates reduce your loan payment
so you can afford more home with less money down. Controlled closing costs
reduce your out of pocket expenses.
Portfolio Loans
Patrion Mortgage is a direct lender. When a loan
doesn't fit the standard underwriting guidelines, we have the power to say
"Yes!" and create a home loan program to your needs.
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