OUR LENDING SERVICES
Redondo Mortgage Center offers many mortgage and loan solutions to help you achieve your real estate goals. We’ve got you covered.
Conventional Loan
Conventional loans are typically most suitable for borrowers with excellent credit scores who can make a down payment ranging from 3% to 20%, depending on the specific terms of the loan.
A conventional mortgage is not government-backed, like FHA or VA loans. These mortgages typically meet the income and down payment requirements of Freddie Mac and Fannie Mae, adhering to loan limits established by the FHFA.
VA Loan
A VA loan is a form of mortgage that receives government backing and is tailored for Veterans, active-duty service members, and surviving spouses. Private lenders such as mortgage companies and banks issue VA loans rather than the Department of Veterans Affairs.
VA home loans offer competitive interest rates and flexible terms, enabling qualified individuals to purchase a wide range of properties such as single-family homes, condominiums, multi-unit dwellings, manufactured homes, and newly built residences.
FHA Loan
An FHA loan is a type of home mortgage guaranteed by the government and provided by a lender authorized by the Federal Housing Administration. These loans usually require lower down payments and may be available to borrowers with credit scores slightly below those typically accepted by conventional lenders.
FHA loans are designed to help low- to moderate-income families attain homeownership, and they are particularly popular with first-time homebuyers.
Reverse Mortgage
A reverse mortgage loan functions similarly to a standard mortgage by allowing homeowners to borrow against their home’s equity. However, unlike a traditional mortgage, monthly payments are not required with a reverse mortgage. Instead, interest and fees accumulate each month, causing the loan balance to grow over time.
Repayment is typically due when the homeowner no longer occupies the property. Homeowners are still responsible for paying property taxes and insurance, living in the home as their primary residence, and ensuring that the property remains well-maintained while under a reverse mortgage loan agreement.
Private/Hard Money Loan
An FHA loan is a type of home mortgage guaranteed by the government and provided by a lender authorized by the Federal Housing Administration. These loans usually require lower down payments and may be available to borrowers with credit scores slightly below those typically accepted by conventional lenders.
FHA loans are designed to help low- to moderate-income families attain homeownership, and they are particularly popular with first-time homebuyers.
Jumbo Loan
A jumbo loan, also referred to as a jumbo mortgage, is a form of funding that surpasses the boundaries established by the Federal Housing Finance Agency (FHFA). Unlike traditional mortgages, a jumbo loan cannot be bought, secured, or securitized by Fannie Mae or Freddie Mac.
Jumbo mortgages are intended for financing upscale properties and residences in fiercely competitive regional real estate markets, featuring distinct underwriting criteria and tax consequences. These types of home loans became more popular as the housing market started to rebound after the economic downturn known as the Great Recession.
Our Mission
Empower clients with financial tools and personalized guidance to achieve their homeownership dreams with confidence and convenience.
Our Values
Integrity, transparency, and a customer-centric approach guide our every interaction, fostering trust and lasting relationships with our clients.
Our Vision
To be the top choice for individuals seeking trusted, innovative mortgage solutions in California, setting new benchmarks for excellence in the industry.