Services
Top Notch Service and excellent Customer Service
Are you looking to purchase your first home in San Diego, California? Then you need to enlist the services of The Rosales Lending Group! We’re expert mortgage lenders that can help you land your first home. We also offer a ton of other great services! These include: -Mortgage lending -First-home buyer loans -Refinancing homes -Reverse mortgages -Non-QM loans -Down payment assistance programs We’re licensed and certified with the Department of Real Estate, so you know you’re in good hands. Our lender, Raquel Rosales, is amazing at what she does. She’s friendly, hardworking, and passionate about securing a mortgage for you. She’s also well versed in refinancing and reverse mortgages! Our team is your one-stop-shop for all your lending needs in San Diego and Riverside! If you live in the areas that we serve and have the need for a mortgage loan, now you know who to call! No other service comes close to matching our quality of work, expertise, or affordability! To reach out, you can either call us at (619) 517-6697 or email us at raquelrosales.loans@gmail.com.
How We can Help!
These are federally insured loans that offer to finance people who may struggle to qualify for traditional home loans. Typically, FHA loans require little to no down payment, and feature flexible terms, making them popular among first-time home buyers and those with less-than-perfect credit. For more information, contact one of our Loan Consultants today!
Streamline refinance refers to the refinance of an existing FHA-insured mortgage requiring limited borrower credit documentation and underwriting. Streamline refinances are available under credit qualifying and non-credit qualifying options. The primary benefits of streamline refinancing include Minimal credit requirements. Limited asset and income verification. No appraisal required.
Seniors aged 62 and over can convert the equity in their homes to monthly income or a line of credit. Reverse Mortgages can be used to purchase your retirement home.
Refinancing is directly paying off your current mortgage (https://sdfunding.com/tag/mortgage/) with a new loan (https://sdfunding.com/tag/loan/) featuring different rates and terms. It means you may be able to save money on your monthly payments or over the life of the loan (https://sdfunding.com/tag/loan/) .
Some of the Most Common Reasons to Refinance (https://sdfunding.com/tag/refinance/) :
To secure a lower interest rate and potentially reduce the amount of interest you currently pay.
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To eliminate mortgage (https://sdfunding.com/tag/mortgage/) insurance.
Rosales Lending Group offers 100% VA cash-out refinances and VA Interest Rate Reduction Loans (https://sdfunding.com/tag/loans/) .
Get Started today
The right real estate agent can be immensely helpful when looking to purchase a new home. The first step to obtaining the success an agent provides is finding the right one. At Rosales Lending Group, we partner with real estate agents who will represent your best interest and negotiate on your behalf. They also have an in-depth knowledge of the community where you want to purchase a home and access to multiple listing in the area. If you need a recommendation, we are here to help.
The Loan Process
Pre-qualification occurs before the loan process begins. The lender gathers information about your income and debts and makes a financial determination about how much house you may be able to afford.
It’s a good idea to know how expensive a home you can afford before you start shopping for one! If you are refinancing the loan on your existing home, then the pre-qualification process should help you decide whether refinancing is a good idea for you.
The application is the beginning of the loan process, and either occurs after you have found a property you want to buy or have determined that you wish to refinance the loan on your existing home. You complete a mortgage application for a particular loan program and supply all of the required documentation for processing
The lender reviews the credit reports and documentation to verify your employment, debts, and payment histories. If there are late payments, collections, or judgments, the lender may request a written explanation from you. The lender also reviews the appraisal and checks for property issues that may affect final loan approval. The lender’s job is to put together an entire application package for the lender’s underwriter.
If the underwriter approves the loan, the lender issues a conditional commitment to lend, orders title insurance, works with you to clear all conditions to its commitment to lend and then schedules a closing time. Conditions to the lender’s commitment may include issues with credit, income, or the property that may arise during the processing and underwriting process.
The closing will occur after all conditions are cleared, and the lender issues a full loan approval. At closing, the lender “funds” the loan with a cashier’s check, draft, or wire to the closing agent, who disburses funds, in exchange for the title transfer to the property. At this point, you finished the loan process and refinanced or bought the house, subject to the lender’s loan. Closings occur at a title or escrow company. You may also be able to close at your home. Congratulations!