Mission Hills Mortgage Bankers is a division of Gateway Business Bank, an FDIC chartered bank.
Corporate Office
1403 N. Tustin Avenue, Suite 280
Santa Ana, California 92705
Tel: 800-229-3832
Fax: 714-972-9236
http://www.mhmconline.com/
CALHFA – California Housing Finance Agency (CALHFA) has supported first-time homebuyers by providing f.inancing and programs that create safe, decent and affordable housing opportunities for individuals within specified income and credit ranges. CalHFA offers below market-rate loans through the sale of tax-exempt bonds.
CalHFA offers up to 102% fi.nancing.
Perfect for the first time h.omeb.uyer and one of the easiest l.oans to qualify for!
http://www.calhfa.ca.gov/
CALPERS – California Public Employee Retirement System - All active, inactive, and retired members of CalPERS, the Legislators' Retirement System, the Judges' Retirement System, and the Judges' Retirement System II are eligible to participate. The program offers both fixed and adjustable r.ate l.oans, 100 percent l.oan f.inancing, special l.oan programs, r.ate lock options and more.
https://www.calpers.ca.gov/
CALSTRS – California State Teachers Retirement System - Whether your client is dreaming of b.uying a new h.ome, lowering their existing p.ayments, or taking c.ash out, the CalSTRS H.ome L.oan Program can help them by offering competitive r.ates on a variety of m.ortgage l.oan programs
http://www.calstrs.com/
CALVET – California Veterans - To serve California’s Veteran’s and their families. CALVET offers below market interest r.ates with low or no down payment. CALVET has expanded eligibility so that nearly any veteran wanting to b.uy a h.ome in California is eligible.
http://www.cdva.ca.gov/CalVetLoans/Default.aspx
FHA – The Federal Housing Administration, generally known as "FHA", provides m.ortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures m.ortgages on single family, multifamily, manufactured homes and hospitals. It is the largest insurer of m.ortgages in the world; insuring over 34 million properties since its inception in 1934.
http://portal.hud.gov/portal/page?_pageid=33,717234&_dad=portal&_schema=PORTAL
FHA Secure – FHASecure is a ref.inancing option - It gives cr.edit-worthy h.omeowners that were making timely m.ortgage payments before their l.oans reset but are now in default, a second chance with a FHA insured product.
http://portal.hud.gov/portal/page?_pageid=33,717446&_dad=portal&_schema=PORTAL
HART – The HART Gift Program – The specific purpose of this program is to assist prospective h.omeb.uyers across the nation who may qualify for a first m.ortgage l.oan, but fall short of the down p.ayment and other closing costs’ essential in p.urchasing a h.ome. H.omeb.uyers don’t need to be first-time h.omeb.uyers to qualify for the HART gift program.
http://www.hartprogram.com/staging/nuke/index.php
HECM – Home Equity Conversion Mortgage – The HECM FHA insured reverse m.ortgage can be used by senior homeowners age 62 and older to convert the equity in their h.ome into monthly streams of in.come and/or a line of credit.
http://portal.hud.gov/portal/page?_pageid=33,716723&_dad=portal&_schema=PORTAL
Fannie Mae – My Community, Expanded Approval, Flex 97 and 100 – These are affordable, flexible m.ortgage products for underserved markets. Clients that have limited savings and/or c.ash assets; do not have c.redit; have less than perfect c.redit; have non-traditional resources would benefit from this program. Additional features include; i.ncome source flexibilities, including boarder i.ncome from relatives or nonrelatives.
https://www.efanniemae.com/home/index.jsp
NEHEMIAH FUND – The Nehemiah Program is the nation’s largest privately funded down p.ayment assistance program. – The Nehemiah Program provides gift funds to qualified h.omebuyers who p.urchase participating h.omes using an eligible l.oan program, such as a Federal Housing Administration (FHA) l.oan.
http://www.getdownpayment.com/index.asp
National Home Buyer’s Fund – First House; Down payment and closing cost assistance is available with the FirstH.ouse program in the form of a Grant, (which does not have to be repaid by the borrower), a low interest r.ate second l.oan, or the combination of both. Either option can help a h.omeb.uyer cover the down p.ayment and closing costs on the m.ortgage. In addition, h.omes within the designated targeted areas will qualify for higher i.ncome & s.ales p.rice limits and waive the First-Time H.omebuyer Requirement.
Access Program; Available for both First-time h.omebuyers as well as Non-First-time h.omebuyers with no Recapture tax; no sales price limits and little to no borrower contribution.
Both programs offer up to 105% financing!!
http://www.nhfloan.org/