Every borrower has a unique set of requirements that require a conversation between you and your loan officer to determine the best loan program to suit your needs. Whether you are purchasing a home for the first time, refinancing to consolidate debts or buying rental property as investment, Doug Bullwinkel will be there, with you, to provide the best options for your individual situation.
By working with well over 100 wholesale investor sources, E Mortgage Capital can offer you a complete menu of loan options. Choose between Fixed Rate or Adjustable Rate, and even Interest Only. Pick the custom term you want, including the most popular 30 year or customize to any number of years to match your financial needs. Temporary interest rate buydowns for the first few years are available on many of our loans. Some of the most popular loan programs include Conventional, Government including VA and CALVET for Veterans, FHA, State and Local Bond financing, USDA, HELOCS and even Reverse Mortgages for Seniors. There are even down payment assistance programs for First Time Buyers and Buyers who have previously owned a home. Grants are available for those who meet the household income, credit and other requirements.
Here are some of the most requested loan programs:
*Conventional Loans
First Mortgages offering Fixed and Adjustable Interest Rates. These loans usually have slightly higher credit and down payment requirements than VA or FHA loans. The loan limits are set per county based on average purchase price in each area. CALL DOUG BULLWINKEL AT (916) 295-0044 or email dbullwinkel@EMortgageCapital.com for Details.
*Jumbo Loans
First Mortgages offering Fixed and Adjustable Interest Rates with loan limits above the Conforming Loan Limits of Conventional Loans. These investors are Private Investors, Banks and Wall Street based firms. Qualifying standards for these loans are usually more restrictive with higher credit and cash reserve requirements. CALL DOUG BULLWINKEL AT (916) 295-0044 or email dbullwinkel@EMortgageCapital.com for Details.
*FHA Loans
One of the most popular loan programs for a home purchase or refinance. The main advantages are low down payments, fixed or adjustable rates, and more lenient credit and income requirements than most conventional loans. Down payment and closing costs be gifted by a family member and Down Payment Assistance Programs are available with most FHA Loans. FHA Rehab loans allow for remodeling costs on a “Fixer Upper” to be included in the loan. CALL DOUG BULLWINKEL AT (916) 295-0044 or email dbullwinkel@EMortgageCapital.com for Details.
*VA Loans
If you are an Eligible Veteran or Service Member, a VA Home Mortgage might be an excellent option! The VA Home Loan is a Benefit that is earned by your Honorable Military Service. No Down Payment is required, provided the veteran is credit and income-qualified, and the purchase price is not more than the reasonable value of the property. Larger loan amounts are available with no down payment required. Closing costs can be a gift from a relative or seller credits up to 4% of the purchase price. E Mortgage Capital offers VA Rehab Loans for homes needing repairs or remodeling, all in one loan. Other benefits include No Mortgage Insurance and more lenient credit and income requirements. Veterans with Service Related Disabilities get additional savings. VA Loans may be used for Purchase or Refinance. Doug Bullwinkel is a Former Marine Corps Combat Veteran and understands the needs of fellow veterans. CALL DOUG BULLWINKEL AT (916) 295-0044 or email dbullwinkel@EMortgageCapital.com for Details.
*USDA Home Loans
E Mortgage Capital offers the USDA Home loan program for low-to-moderate income homebuyers wanting to buy a home in a rural development area. USDA Home Loans are very affordable and they are backed by the Federal Government. Qualified participants must purchase a home in an eligible rural area as defined by the U.S. Department of Agriculture and have a household income that does not exceed the published limits for the county where the home is located. A down payment is not required, but there is an Annual Guarantee Fee included in the monthly payment. CALL DOUG BULLWINKEL AT (916) 295-0044 or email dbullwinkel@EMortgageCapital.com for Details.
*Down Payment Assistance Programs
E Mortgage Capital offers several Down Payment Assistance Programs in California including CalHFA (California Housing Finance Agency) loans that can finance your down payment and most closing costs on VA, FHA and Conventional loan programs. Income and purchase limits will apply for the county you are purchasing in and loans may be restricted to First Time Buyers. GSFA (Golden State Finance Authority) Loan Programs are also available. These funds may be used towards your down payment and closing costs and MAY BE FORGIVEN AFTER THREE YEARS OF OWNERSHIP. In some cases, the GSFA Program MAY NOT require you to be a first time buyer to be eligible. We also offer other Conventional loan programs with the down payment being financed. CALL DOUG BULLWINKEL AT (916) 295-0044 or email dbullwinkel@EMortgageCapital.com for Details.
*Lender Paid Mortgage Insurance
Lender Paid Mortgage Insurance (LPMI) eliminates the need for monthly mortgage insurance payments when you have less than the minimum down payment required. With Lender Paid MI, there is a Lump Sum, up front, thus your monthly payment will not be required to include the MI. This can be paid by the lender or the Seller. If paid by the lender, the premium is built into your rate, or by having the buyer pay the single premium or it can be split between the lender and borrower. CALL DOUG BULLWINKEL AT (916) 295-0044 or email dbullwinkel@emortgagecapital.com for Details.
*Reverse Mortgages
If you are 62 years or older, the REVERSE MORTAGE OPTION can give you the ability to convert some of your home equity into a supplemental cash flow. These loans are not for everybody, but they can enhance your retirement and may be the solution you have been looking for. No Monthly Payment, but you are still responsible for the property taxes, insurance and the general maintenance on the home. Reverse Mortgages may be used for Purchase or Refinance. Please Note: the information on this website is based on an FHA HECM (Federal Housing Administration Home Equity Conversion Mortgage) mortgage product, which is a type of mortgage loan. There are fees associated with this loan as well as compounding interest. The loan is not a government benefit and must be repaid. There is no guarantee of financial security, and the consumer is responsible to pay the property taxes, homeowners insurance, and property maintenance fees independent of the loan, which can be a significant cost. The consumer faces a risk of foreclosure if they do not meet these obligations. For more information about the FHA HECM reverse mortgage product visit: Reverse Mortgages | Consumer Advice (ftc.gov) CALL DOUG BULLWINKEL AT (916) 295-0044 or email dbullwinkel@EMortgageCapital.com for Details.
*Unique or Non-Qualifying Loan Programs (Non QM)
E Mortgage Capital also offers Non-Traditional Loans that are not available through Banks or Traditional Lenders. These include Equity Loans based on credit and the equity in the property, Bank Statement Loans that qualify on credit and income verified through Bank Statements, DSCR Loans that qualify borrowers based on credit and the debt service on investment properties, No Income Verification Loans, Asset Depletion Loans, No Ratios Loans and more. These loans usually require a higher down payment and have higher interest rates and fees. CALL DOUG BULLWINKEL AT (916) 295-0044 or Email dbullwinkel@emortgagecapital.com for Details.
*RESTRICTIONS APPLY – All loans subject to credit, income, appraisal and other requirements. Rates, Fees and Program terms are subject to change without prior notice. CALL DOUG BULLWINKEL AT (916) 295-0044 or email dbullwinkel@emortgagecapital.com for Current Program Details and Guidelines.
