As Realtors®, we do not produce loans ourselves. If you're looking for loan descriptions and how to qualify, or to find a great lender please read on...
We found it frustrating when our buyers would come to us asking questions that should have been answered by their lenders. They told us their lender was hard to contact and did not respond timely to their calls or emails. When we tried to communicate with some of these lenders we found it equally as difficult. Is this the type of person you would want to do business with? In most of the instances the se lenders were out of area lenders or internet lenders. How would you feel if your lender did not communicate well with you and your Real Estate Team?
Are you looking for a loan and don't have a lender?
Searching for information about types of loans?
Or is there's an issue that's troubling you with your current lender?
Do you know if you have not owned a home in the past 3 years you qualify as a first time home buyer under most programs?
Are you looking for:
- VA Loan, Zero down payment?
- FHA Loan, Low down payment?
- Conventional Loan?
- CAL PERS Loan?
- An Excellent Lender?
Questions for a Lender? Questions for a Realtor®?
We understand all lenders are not alike. The lenders we work with not only offer the best rates and terms, they are responsible, responsive and great at communicating. Our expectations of excellence in service and their ability do deliver the goods is exactly why we can refer our lenders to you with confidence.
TravisLoans.com is focused on getting you the right loan, the right terms to fit your situation and the right lender for your specific needs.
A mortgage is a big commitment; we advise you to have a local experienced professional guiding you through the process, answering your questions so that you'll know with confidence that you've made the right financial choice. A local lender knows the area and will advise you concerning local taxes and can advise you about special financing option specific to our area. We think you'll agree that making the right choice is important to your financial well being?
All of our lenders are local; they have a proven record and do a great job. They get the job done on time and they never forget you are a real person with goals and aspirations of your own.
As Realtor®s one our main goals is a commitment of personal "fiduciary" service to you. What will our commitment to personal service mean to you? It means that your real estate team will focus on you and your goals. We look out for your best interest. Just about any lender can line up a great looking rate for you, but; that's not all there is to a loan, we take the time to show you all the other "gotchas" that can overshadow any teaser rate. We know you don't want or need any surprises at the closing table with your loan. The lenders we work with are top notch individuals. Our lenders are hand picket and must meet the highest standards of ethical excellence or we don't refer our clients to them.
- Not sure if you can afford your dream house?
Our lenders have many flexible loan programs that can put you into your new home easier than you might expect.
- Is the down payment a stumbling block?
Some of the programs not only don't require a down payment, but; they cover some of your closing costs as well.
- Have questions about your credit?
We can help you understand the effects of your past credit while showing you how to strengthen your present and future credit. Our network of mortgage specialist enables us to find you a lender who is most understanding of your personal situation.
- Have great credit?
Our lenders reward your great credit with great rates and terms.
- Do you need your credit repaired?
One of our lenders is an expert at credit repair and has assisted many individuals and families in the purchase of a home after repairing their credit scores.
Whether you are looking for a new mortgage, wanting to refinance to a lower interest rate (lower Payment) we can also help you with equity lines of credit. For more information contact us Info@TravisLoans.com we'll show you how quick and easy it is to get started.
Remember: If you have not owned a home in the past 3 years you qualify as a first time home buyer under most programs.
Call TravisLoans.com at 707-469-3887.
VA Loans
VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. To get a loan, a veteran must apply to a lender. If the loan is approved, VA will guarantee a portion of it to the lender. This guaranty protects the lender against loss up to the amount guaranteed and allows a veteran to obtain favorable financing terms.
There is no maximum VA loan but lenders will generally limit VA loans to $417,000. This is because lenders sell VA loans in the secondary market, which currently places a $417,000 limit on the loans. For loans up to this amount, it is usually possible for qualified veterans to obtain no down-payment financing. A veteran's maximum entitlement is $36,000 (or up to $104,250 for certain loans over $144,000). Lenders will generally loan up to 4 times a veteran's available entitlement without a down-payment, provided the veteran is income and credit qualified and the property appraises for the asking price.
VA Loans Offer The Following Important Features:
- Equal opportunity for all qualified veterans to obtain a VA loan.
- No down-payment (unless required by the lender or the purchase price is more than the reasonable value of the property).
- Buyer informed of reasonable value.
- Negotiable interest rate.
- Ability to finance the VA funding fee (plus reduced funding fees with a down-payment of at least 5% and exemption for veterans receiving VA compensation).
- Closing costs are comparable with other financing types (and may be lower).
- No mortgage insurance premiums.
- An assumable mortgage.
- Right to prepay without penalty.
- For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
- VA assistance to veteran borrowers in default due to temporary financial difficulty.
- **Our Lenders Provide The Best Rate and Fee Structures.
Call TravisLoans.com at 707-469-3887.
VA Loan Checklist
Before you start the loan process, you'll need to have some information at hand for all loan applicants:
- Social Security numbers
- Residence addresses for the past two years
- Names and addresses of your employers over past two years
- Your current gross monthly salary
- Names, addresses, account numbers and balances on all checking and savings accounts
- Names, addresses, account numbers, balances and monthly payments on all open loans
- Addresses and loan information of other real estate owned
- Estimated value of furniture and personal property
- Certificate of Eligibility
- DD214 (for non-active duty veterans only)
- W2's for the past two years and current check stubs or LES statements.
- For self-employed individuals, you will need to provide personal tax returns for the past two years, current income statement and balance sheet for the business
*We are here to assist you in ordering your Certificate of Eligibility or guide you through any part of the approval process. You can contact us at Info@TravisLoans.com one of our VA Specialists will contact you directly.
Call TravisLoans.com at 707-469-3887.
Conventional Loans
Conventional loans are secured by government sponsored entities or GSE's such as Fannie Mae and Freddie Mac. Conventional loans can be made to purchase or refinance homes with first and second mortgages on single family to four family homes.
In general, a single family federal loan application from Fannie Mae and Freddie Mac has a first mortgage loan limit of $417,000 in 2006. This limit is reviewed annually and, if needed, changed to reflect changes in the national average price for single family homes. The current loan limit applies to all conventional mortgages delivered after January 1, 2009.
Call TravisLoans.com at 707-469-3887.
2009/2010 Conventional Loan Limits
First mortgages
- One-family loans: $417,000 - High Cost: $729,750*
- Two-family loans: $533,850 - High Cost: $934,200*
- Three-family loans: $645,300 - High Cost: $1,129,250*
- Four-family loans: $801,950 - High Cost: $1,403,400*
Note: Maximum original loan amounts are 50 percent higher for first mortgages on properties in Alaska, Hawaii, Guam and the U.S. Virgin Islands.
*Note: High-cost area loan limits vary by geographic area; values in table are maximum amounts permitted across all high-cost areas. For more information about our/your geographical area contact us and one of our loan experts will answer all your questions.
Second Mortgages
- $208,500 (in Alaska, Hawaii, and the US Virgin Islands: $312,750)
Loans which are larger than the limits set by Fannie Mae and Freddie Mac are called jumbo loans. Because jumbo loans are not funded by these government sponsored entities, they usually carry a higher interest rate and some additional underwriting requirements. A strategy to lower your overall interest payments if your purchase or refinance balance is above $417,000 is to use a combination of both first and second trust money, referred to as an 80/10/10, 80/15/5 or 80/20. Every situation is different, but it is one more option to consider.
In addition to common loan structures such as fixed rate, adjustable rate and balloon loans, Fannie Mae and Freddie Mac also have loan programs for low to no down payments, community lending and affordable housing initiatives, construction to permanent, home improvement and reverse mortgages.
If you are just looking for more information about Conventional Home Loans, please contact us atInfo@TravisLoans.com and one of our loan experts will contact you. We are here to answer any questions you may have regarding home loans and will help you qualify for the very best financing available.
**Our Lenders Provide The Best Rate and Fee Structures.
Call TravisLoans.com at 707-469-3887.
Attention CalPERS, JRS and LRS Members!
Looking for a program that makes your mortgage loan choice simple?
We have just the loan for you!
CalPERS Member Home Loan Program.
Benefits:
- Competitive interest rates on purchase and refinances.
- 100% financing option*
- Controlled closing costs.
- FREE 60 day rate lock with two FREE float down options*
- Reduced mortgage insurance rates*
- Reduced escrow and title fees*
- Program available nationwide!
- Real estate assistance programs with cash rebate available (SmartMove and MaxAdvantage)*
- Nonconforming fixed loan amount is up to 4 times conforming limits.
If you are just looking for more information about FHA Home Loans, please contact us at Info@TravisLoans.com and one of our loan experts will contact you. We are here to answer any questions you may have regarding home loans and will help you qualify for the very best financing available.
**Our Lenders Provide The Best Rate and Fee Structures.
Call TravisLoans.com at 707-469-3887.
FHA Loans
What is an FHA Loan? Is it the right option for me? Our expert lenders at Travisloans.com are here to answer these questions. We specialize 100% in government-backed home loan programs. There are certain guidelines you must adhere to in order to be approved for an FHA Loan. We will collect all the necessary information, put it together in a file, and send it to the underwriter. The underwriter is the person who reviews your file and determines if you are approved, denied, or suspended in your request for a loan.
Many borrowers looking to finance a home purchase or refinance their current home through the FHA have questions about what information our FHA Specialists will need.
The information which may be required to process your file and to help us find the best solution for you is as follows:
- The addresses of all your residences over the past two years
- You're Social Security Number.
- The names of your employers over the past two years
- Your current gross monthly salary
- Names, addresses, and account numbers with balances on all checking and savings accounts
- Addresses and loan information of any other real estate you owned
- Estimated value of your furniture and personal property
- W2's for the past two years and current paycheck stubs
- Self-employed individuals will need to provide personal tax returns for the past two years and a current income statement and balance sheet for the business
- Students will need to provide evidence of enrollment. If you have student loans, you need to provide verification information
Please remember that this is only a short list of common items required to obtain an FHA Loan. Start the process now by filling out our contact form, and one of our FHA experts will walk you through each step.
Call TravisLoans.com at 707-469-3887.
Benefits of An FHA-Insured Loan
If one or more of the following situations apply, then an FHA-insured loan may be right for you:
- You're a first-time homebuyer.
- You don't have a lot of money to put down on a house.
- You want to keep your monthly payments as low as possible.
- You're worried about your monthly payments going up.
- You're worried about qualifying for a loan.
- You don't have perfect credit.
- You're worried about what will happen if you fall behind on your payments.
FHA-insured mortgages offer many benefits and protections that you won't find in other loans including:
- Lower cost: FHA-insured loans have competitive interest rates because the Federal government insures the loans for lenders. Always compare an FHA-insured loan with other loan types.
- Smaller down-payment: FHA-insured loans have a low 3.5% down-payment and the money can come from a family member, employer or charitable organization as a gift. Other loan programs don't allow this.
- Easier qualification: Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify.
- Less than perfect credit: You don't have to have perfect credit to get an FHA-insured mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA-insured loan than a conventional loan.
- More protection to keep your home: The FHA has been around since 1934 and will continue to be here to protect you.
- Should you encounter hard times after buying your home, the FHA has many options to help you keep your home and avoid foreclosure.
- You may use an FHA-insured mortgage to purchase or refinance a new or existing 1- to 4-family home, a condominium unit or a manufactured or mobile home (provided it is on a permanent foundation).
If you are just looking for more information about FHA Home Loans, please contact us at Info@TravisLoans.com and one of our loan experts will contact you. We are here to answer any questions you may have regarding home loans and will help you qualify for the very best financing available.
**Our Lenders Provide The Best Rate and Fee Structures.
Call TravisLoans.com at 707-469-3887.
Who and What makes up a good "Real Estate Team"
Our real estate team looks like this: The 1st Nine are involved in every home purchase or sale; all others are as needed when needed.
- Home Seller or Buyer
- Realtor
- Lender
- Transaction Manager/Coordinator
- Title Company
- Natural Hazard Disclosure Company
- Pest Inspector
- Roof Inspector
- Whole House Inspector
- (for country properties -Well and Septic Inspectors)
- Chimney Inspector
- Accountant
- Real Estate Attorney
- Structural Engineer
- General Contractor
- Electrical Contractor
- Heating and Air Conditioning Company
- Handyman
- Specialty inspectors, Lead based paint, Asbestos inspector, Radon Gas
- PG&E
- AT&T
Call TravisLoans.com at 707-469-3887.
Military Family's Homeowners Assistance Program, (HAP)
Short Sale Option for Government Employees (Military Members)
PCSing or PCSed
If you are a member of the Armed Forces who is PCSing or has PCSed and you are part of this mortgage crisis you may be in luck. Please read the following excerpts:
The Department of Defense (DOD) offers the Homeowners Assistance Program (HAP) to eligible service members and federal civilians, including non-appropriated fund, employees. The program is authorized by law, and administered by the US Army Corps of Engineers (USACE) to assist eligible homeowners who face financial loss when selling their primary residence homes in areas where real estate values have declined because of a base closure or realignment announcement.
The American Recovery and Reinvestment Act of 2009 (ARRA) temporarily expands the HAP to assist service members and DOD employees who are wounded, injured or become ill when deployed, surviving spouses of service members or DOD employees killed or died of wounds while deployed, service member and civilian employees assigned to BRAC 05 organizations, and service members required to permanently relocate during the home mortgage crisis. (PCSing or PCSed)
The Homeowners Assistance Program (HAP) is authorized in Section 1013 of the Demonstration Cities and Metropolitan Development Act of 1966, as amended. The law provides some monetary relief to eligible service member (including Coast Guard) and federal employee (including non-appropriated fund) homeowners who suffer financial loss on the sale of their primary residences when a base closure or realignment announcement causes a decline in the residential real estate market and they are not able to sell their homes under reasonable terms or conditions.
The US Army Corps of Engineers will analyze your community's real estate market, conduct market impact studies, and make a recommendation to the Deputy Assistant Secretary of the Army for Installations and Housing for a final determination. If it is found and proven that an announcement caused a significant decline in a residential real estate market, a HAP may be approved.
If the two basic conditions are met, a HAP program will be established. This will be administered by real estate personnel of The Corps of Engineers District Office in coordination with the Installation Commander.
Would you like to apply for HAP Consideration? For your complete application and our professional assistance contact us by clicking the blue link below.
Homeowners Assistance Program (HAP)
HAP applications are being accepted and authorization to sell is being given at no cost to our Military Family. We will help you with all the paperwork and communications with HAP.
- Members of the Armed Forces permanently reassigned during the mortgage crisis.
- Military Personnel Only
- Permanent reassignment to a new duty station or home port outside a 50-mile radius of the member's former duty station or home port.
- Reassignment ordered between 1 February 2006 and 30 September 2010.
- Property purchased (or contract to purchase signed) before 1 July 2006.
- Property was the primary residence of the owner
- Owner has not previously received these benefit payments.
- If you are a member of the Armed Forces who is PCSing or has PCSed, download the application packet and complete the application. Carefully read all instructions, and mail your completed application to the USACE district responsible for the area in which your home is. Once DoD implementing guidance is received the district will contact you concerning your eligibility and benefits.
Call TravisLoans.com at 707-469-3887.
 Meet Terry Hughes, Military Loan Expert
My name is Terry Hughes; as a professional Realtor, I'm offering my assistance and knowledge to help you overcome what may be a difficult mortgage debt situation. For applications or additional information you can contact me at 707-249-8688, email me or click this link Homeowners Assistance Program (HAP).
Home Sales Guidance for Applicants and Realtors
ARRA Expanded Homeowners Assistance Program (HAP)
The temporary expansion of HAP during the home mortgage crisis provides certain Department of Defense and US Coast Guard personnel some protection from catastrophic financial loss. However, for the program to assist as many as possible, it is essential that applicants sell their homes at their true current fair market value. To ensure homes are sold at appropriate prices, real estate agents and applicants selling their homes on their own, should document their marketing actions so that the process used clearly illustrates the homes were not under sold. We recommend sellers/agents maintain a log of MLS listings, dates, asking prices, prospective buyer visits, and offers, to clearly show how asking prices were lowered over time until potential purchasers visited and finally offered to buy the home. The three Corps of Engineers HAP districts have been charged to ensure applicant homes are not sold at prices below fair market value. If a home sells in its first marketing week, it was probably under priced. In cases where it appears a home was sold below market value, the responsible district will obtain a contract appraisal to verify the selling price. If that appraised value is substantially above the selling price, the applicant could lose his/her HAP eligibility.
Why should you allow me help you sell your house with this program?
- I keep great records of all marketing actions.
- I will accurately assess the house value at the beginning.
- I keep accurate accounts of what day and time your house was shown or previewed.
- I maintain a log of chronological mls price adjustments.
- I keep a record of all purchase offers, whether ratified or not.
- The bottom line is I get the home sold at or above market value.
- You keep your eligibility.
Homeowners Assistance Program (HAP)
Call TravisLoans.com at 707-469-3887.
Request Information on Military Loan Options
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