Loan Programs

    Mortgage Loan Programs for Palm Springs, Palm Desert, Indian Wells, La Quinta, Rancho Mirage, Bermuda Dunes, Cahuilla Hills, Indio and the Coachella Valley.

    Whether your goal is to purchase a new home, refinance an existing loan, or
    consolidate debt, our expert team is here to walk you through the process every step of
    the way with mortgage loan programs that fit your specfic needs.

    Whether your goal is to purchase a new home, refinance an existing loan, or
    consolidate debt, our expert team is here to walk you through the process every step of
    the way.

    First, you’ll need to consider your borrowing qualifications.This can include factors such
    as:

    • Financial metrics such as debt-to-income ratio (DTI) and credit score
    • Your military status and service record (if you are applying for a VA loan).
    • Your household income
    • Current employment status, industry in which you are employed, and planned career
      track
    • What you can afford as far as a down payment and interest rates
    • Your desired loan amount

    Along with considering these factors, you can also consider the following:

    • How long do I plan to stay in this home?
    • How much can I afford to pay on my mortgage (including interest payments) and
      insurance each month?
    • How liquid do I want to keep my finances?

    A home is one of the largest investments many people will ever make in their lives.
    Contact us today for a free consultation and see why the team at Sean La Rue Home
    Loans are much more than just your average mortgage brokers.

    We Offer These Loan Options

    FHA Loan

    An FHA insured loan is a US Federal Housing Administration mortgage insurance backed loan which is provided by an FHA approved lender such as Franklin Loan Center. FHA insured loans were created by the US government as an assistance program to allow Americans to borrow money for purchasing a home to live in that they might not have been able to afford otherwise. The home must be owner occupied and must fit some specific criteria. There are many benefits to a FHA home loan.

    Jumbo Loan

    A jumbo loan is a non-conforming loan that is too large to be purchased by Fannie Mae and Freddie Mac. In most areas of the US, any loan larger than $625,000 is considered jumbo. These types of mortgages are typically used by wealthier borrowers to buy larger homes.

    • High Balance Conforming loans and High income Limit Areas
    • HIgh Balance FHA
    • HIgh Balance VA

    Non-QM/ Alternative QM

    A non-QM loan can help borrowers who have had credit issues such as foreclosures, bankruptcy, late payments or other isolated credit issues. Non-QM loans also have underwriting guidelines that are different than the typical conventional mortgage or government type loans such as USDA loans and VA loans. Self-employed borrowers typically have more complicated income structures that require different calculations than wage earners.

    Conventional Conforming

    A conforming loan is one that meets the standards of loan guidelines established by government-sponsored enterprises Freddie Mac and Fannie Mae. The most well-known conforming loan guideline is the size of the loan. There are two different types of conforming loan size limits: standard and high-cost area. Most counties in the United States have a conforming loan limit of $424,100 for a one-unit property.

    Reverse Mortgage

    A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. Instead of making monthly payments to a lender, as with a traditional mortgage, the lender makes payments to the borrower. The borrower is not required to pay back the loan until the home is sold or otherwise vacated. As long as the borrower lives in the home he or she is not required to make any monthly payments towards the loan balance.

    USDA Loan

    A USDA loan or United States Department of Agriculture is a rural housing program for first time buyers in selective rural areas. This allows for 100% financing with a reduced mortgage insurance monthly premium.

    Fast & Easy Custom
    Rate Quotes

    • Know exactly what you can afford before you search for homes.
    • Spend less $ out of pocket and lock in super low interest rate!

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