Mortgage Solutions
Below is a brief description of your mortgage options and ways to get the process started:
Conventional Home Loans
Most lenders would consider a conventional mortgage as a loan that conforms to the guidelines set forth by Freddie Mac and Fannie Mae, the two government sponsored enterprises (GSEs) ….(read more)Jumbo Mortgage...
The Fed & Rates
How Do Mortgage Rates Move When The Fed Lowers Rates?
Lower mortgage rates is a common misconception that is perpetuated by the mainstream media when the Fed makes an announcement of lowering rates. However, when the Fed cuts interest rates, mortgage rates can actually increase.Fed 101:
According to Wikipedia:The Federal Reserve System (also known...
Comparing Mortgage Rates
What’s The Difference Between Interest Rate and Annual Percentage Rate (APR)?
The difference between APR and actual note rate is very confusing, especially for First-Time Home Buyers who haven’t been through the entire closing process before.
When shopping for a new mortgage loan, you may notice an Annual Percentage... Mortgage Rate Questions
8 Questions Your Lender Should Answer About Mortgage Rates
Simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate.
We can preach communication, service and education all day... Our Loan Process
STEP 1 – Apply
The first step in obtaining home loan is to fill out a loan application (referred to as a “Fannie Mae 1003,” or “Uniform Residential Loan Application”).
Any of our experienced loan officers are available to assist you in filling out the loan application... Mortgage Programs
Mortgage Programs...
Privacy Clause
FACTS:
What does Pacific Funding Solutions do with your personal information?
WHY?
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share and protect your personal information. Please read this...
Contact Us
Contact Us...
Forms
Senior Loan Forms...
My Account
My Account...
Calculators
Calculators...
Apply Now
Apply Now...
Pre-Qualify
Prequalification Calculator
To get a sense of how much you may be able to borrow, fill in the form below and click on the calculate button. Please note that prequalification is different from a preapproval. Prequalification gives you an estimate of how much you may be able to borrow. Preapproval, on the...
Loan Center Overview
Welcome to the Loan Center! Are you looking to buy a home? Here you can use our online tools to learn more about home loans and find the best loan options to suit your needs and goals. You can explore our site without any obligation or disclosure of...
FHA Low Down PmtFHA Mortgage Loans The FHA’s mission driven organization encourages home ownership and provides affordable housing opportunities with low down payment and flexible credit requirements.
Since 1934, the FHA has insured millions of home mortgages with a market share of 30% in 2010 vs 3% in 2007. In 2009, FHA programs... VA LoansVA Mortgage LoansA VA (Veterans Administration) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces because there is no down payment needed and no private month ly mortgage insurance required.
A VA home loan can... Jumbo Mortgage Financing
A Jumbo, or non-conforming loan, is required for financing on a mortgage that is higher than the conforming loan limits set by Fannie Mae and Freddie Mac.
According to Wikipedia:
In the United States, a jumbo mortgage is a mortgage with a loan amount above... Reverse Mortgage Seniors Loans
According To Wikipedia:
A reverse mortgage is a loan available to seniors, and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner’s obligation to repay the loan is deferred... 203K Rehab Mortgage Loans
Have you found that “almost perfect” home in the right location that is selling at a reduced price because it needs a little rehab work?
Unfortunately, most mortgage loan programs require homes “in need of work” to be complete before the financing can be secured for...
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