Mortgage Loan Programs

Keystone Financial Services offers a complete array of loan programs to meet your needs. We work with the leading lenders in the industry to provide you with the best programs, rates, and services to fit your personal financial goals

 
 
 

Conforming Loans

Fannie Mae & Freddie Mac 3/1, 5/1, 7/1, 10/1, 15 and 30 year loans of $424,100 or less in which the property and borrower meet Freddie Mac and Fannie Mae guidelines. Available for owner occupied residences, 2nd homes, and investment property.

 

Agency High Balance Loans

Fannie Mae & Freddie Mac 3/1, 5/1, 7/1, 10/1, 15 and 30 year loans from $424,200 to $612,950 (in San Diego, higher elsewhere)in which the property and borrower meet Freddie Mac and Fannie Mae guidelines. Available for owner occupied residences, 2nd homes, and investment property.

 

Jumbo Loans

Loans larger than Fannie Mae & Freddie Mac loan limits.  Loan amounts from $613,000 - $5,000,000. Many loan programs available.

 

FHA Loans

Low 3.5% down, Higher qualifying ratios, lower credit scores accepted.

 

VA Loans

0% down, low closing costs, no monthly mortgage insurance (PMI)

 

Reverse Mortgages

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.

The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care. However, there is no restriction how reverse mortgage proceeds can be used.

The loan is called a reverse mortgage because 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. The borrower must remain current on property taxes, homeowners insurance and homeowners association dues (if applicable).

 

USDA 100% Financing

100% of the appraised value, low monthly mortgage insurance and you don't have to be a first time homebuyer.  Property must be in a rural area.

 

Commercial & Apartment Loans

We work with various commercial property lenders.  Loan Amounts to $20 million.

 

Hard Money Loans (also known as Private Equity Loans)

These are asset based loan where a borrower receives funds secured by the value of a parcel of real estate not on credit or income.  Hard money loans are used on non-owner investment properties.  Our hard money mortgages are made by private investors, generally in their local areas.  Usually the credit score of the borrower is not important, as the loan is secured by the value of the collateral (property).

 

Contact me for more information.