Buying a home is not only a big investment but it is one that usually comes with an overwhelming number of small decisions that have to be made along the way.
You’re not only deciding things like house type and size, location, and priorities in the layout, but you’re also deciding which realtor, lender, and specific loan programs. Understandably, the buying process can be a tad bit overwhelming. At The Zion Group, we do our best to simplify this not only as your trusted lender but as a partner to many highly experienced realtors in San Diego County.
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What is the role of a mortgage lender?
A mortgage lender, like The Zion Group, is a financial institution that provides mortgage loans to borrowers. They assess the borrower’s creditworthiness and the value of the property being purchased and then provide the necessary funds to the borrower to purchase the property. Mortgage lenders also collect payments from the borrower and manage the loan throughout its term.
Realtor vs. Mortgage Lender
A realtor is a professional who specializes in the buying and selling of real estate. They help clients locate and purchase properties, negotiate contracts, and facilitate the closing process. A mortgage lender, on the other hand, is a financial institution that provides mortgage loans to borrowers. They assess the borrower’s creditworthiness and the value of the property being purchased and then provide the necessary funds to the borrower to purchase the property.
Mortgage Loan Programs
At The Zion Group, we prioritize being knowledgeable about and making sure our customers have access to loan programs that would benefit them.
Below is a summary of our current loan programs. If you have questions about any of the programs or want to identify the best program for you, please book a call with us by clicking here.
Select Prime
Our newest Flex Select Prime offers 1099 and interest-only loans with a minimum 660 FICO score. Flexibility in our credit requirements is what makes all the difference with this program.
Flex Supreme
Our brand-new product, Flex Supreme, is our best-priced program yet. With a minimum score of 640, Flex Supreme has full and alternate documentation options as well as asset utilization for qualifying buyers. This program is designed for today’s borrowers.
Flex Expanded Credit
Our Flex Expanded Credit Program helps us tackle hard-to-qualify loan scenarios with proven success. Take advantage of our more lenient credit requirements with only a 580 minimum FICO score and bank statement options.
Flex Foreign National
Our Flex Foreign National Program ensures that financing a mortgage for non-U.S. citizens is as simple as possible. Our program enables purchasing, refinancing, or investing in U.S. real estate regardless of citizenship.
Flex Investor DSCR
Through our exceptional Flex Investor DSCR Program, we provide smart loan solutions for experienced and savvy investors. Our borrowers and first-time investors will love the flexibility this loan provides for single family and 2-4 units.
Select Prime Plus
With Select Prime Plus, we can increase loan amounts and LTVs to exceptional levels to allow for more flexibility.
Advantage Jumbo Expanded
This program allows our borrowers to qualify faster with lower credit requirements, interest-only payment periods, and loans of up to $3M at competitive rates.
Agency & Non-Agency Investor/Second Homes
We provide our borrowers with a variety of agency and non-agency mortgages while optimizing risk and cost factors. Regardless of what type of investor you are, or if you are simply financing a second home, you’ll benefit from our more lenient ways of qualifying with loans of up to $1.75M.
Flex Closed End 2nds
This program allows our borrowers to reduce the amount of cash needed for a down payment AND allows you to cash out without having to change the rate on your first lien mortgage. This program also has benefits for debt consolidation, home renovations, and unexpected life events.
As you can see, there are quite a few options. Schedule a call today to determine which loan program best aligns with your current situation and overall purchase goals.
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The Zion Team
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