Home Loans
Offering broader loan qualification options than
traditional lenders.
At Spectrum Lending, we want to present you with the clearest path to financial success and homeownership by providing you with quality loan products. We provide products for all types of home loans such as: VA, FHA, and conventional home loan products.
We promise to be there every step of the way, from application to funding. Have questions? Give us a call at 949.333.8161 and a licensed mortgage loan officer will be more than happy to help!
LOAN TYPES
Providing multiple loan options for
every situation and for every client.
Conventional Loans
A conventional loan isn’t insured by the federal government. It typically requires a minimum of 5% down and has both fixed and adjustable-rate options. Popular conventional loan terms are 15- and 30-year. The maximum loan amount for conventional loans ranges between $453,100 and $679,650 depending on the county where the property is located.
FHA Loan
If you’re looking for a loan with flexible credit requirements and a more manageable down payment, an FHA Loan—backed by the Federal Housing Administration—may be just the ticket. FHA loans are designed for low-to-moderate-income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans.
FHA Streamline Loan
FHA Streamline Loans are a unique refinancing option for borrowers who already have an FHA loan. This program makes refinancing easy. There is typically no need for documentation that is usually required for a loan, including income and employment verification, bank account and credit score verification, and an appraisal of the home.
VA Loans
If you are a veteran, active duty service member, or surviving spouse of a veteran, you may be eligible for a well-deserved benefit: a VA Loan. Purchasing a home? 90% of VA purchase loans are made with no down payment. Call us today to see if you are eligible.
VA IRRRL
If you have a VA Loan, an IRRRL (Interest Rate Reduction Refinance Loan) is a great way to lower your monthly payment, or make your payments more stable. However, you can only use it to refinance to a VA Loan from a VA Loan. Find out if this is the right choice for you.
Jumbo Loans
You’d never guess, but a jumbo is a really big loan. Okay, maybe you would guess. A jumbo is a loan that exceeds conventional loan amount limits. Those limits are currently $484,350 – $726,525, depending on the county where the property is located.
