Mortgage Resources

Featured Tools

Loan Info

Videos

All Videos

Download

Shopping for a home loan

Company Info

About Us

Other Services

Marketplace

Forms

Borrowers' Authorization

Loan Programs - What's the best program for me?

We've highlighted the programs more commonly offered today. Characteristics of each loan program are unique, so consult your 2020Lending.com mortgage professional for more information and to become familiar with the details of the programs available to you.

To help determine the best loan program for you, consider the following:

How important is payment certainty? If knowing that your payment will be the same every month is important, consider a fixed-rate mortgage.
How important is rapid equity buildup? If rapid equity buildup is a factor, consider a shorter amortization period, such as a 15-year, fixed-rate mortgage.
Do you anticipate increasing or stable income? If income growth is anticipated, you could take advantage of a lower start rate on an ARM or a temporary buydown.
Other factors to consider include:
- ability to qualify at market rates for loan amount selected
- anticipated term of occupancy
- possibility of significant rate changes
- existence of up-front costs

Loan Programs	Characteristics
Conventional Fannie Mae - Freddie Mac	Fixed rate and Adjustable rate mortgages available. Purchase a home with as little as 3% down with a Fannie Mae Homepath mortgage. Short on equity, refinance into a lower rate with a Fannie Mae Refi Plus mortgage.
FHA Federal Housing Administration	Less than perfect credit is OK. Purchase a home with a low down payment of 3.5% of the purchase price. Fixed rates and Adjustable rate mortgages available. Purchase or Refinance.
FHA 203k Rehab Loan	Allows you to purchase a home and roll the cost of improvements all into 1 loan. Purchase or Refinance.
Private Money Loans Private Investors	Asset based loans generally not to exceed 60% of the loan to value.

:: Pre-Qualify :: Loan Programs :: Apply Now :: Interest Rates :: Calculators :: Request Loan Status :: Application Checklist :: Purchase :: Refinance :: Loan Process :: FAQ :: Privacy Policy :: All Videos :: Shopping for a home loan :: About Us :: Marketplace :: Borrowers' Authorization ::

2020Lending.com Inc.
3839 E. Colorado Blvd.
Pasadena, Ca 91107
1-877-955-7334 Office 1-866-205-1922 Fax

We lend in the following states: CA
CA DRE#01846287