Geoffrey Farrow
Professional Real Estate Services | Phone: (760) 799-1685

Buyers

LENDERS

The Best Source for Buying Real Estate

If you are thinking about buying new home or property, you’ve come to the right place. The following sections are resources for you in order to help you purchase something that fits your needs in the best possible manner.

Search Homes

Here you will find access to homes for sale throughout the market, including the entire MLS database of active listings.

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Property Request Form

Go here to request the ideal property for you.

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Obtaining a Home Loan

Obtaining a Home Loan

GSFA Platinum® Down Payment Assistance

GOLDEN STATE FINANCE AUTHORITY (GSFA) Platinum program Steve Dominguez Down Payment Assistance Program (DPA) (760)774-3518 CONVENTIONAL TERMS Conventional Loan Type: • Freddie Mac Conventional financing, in accordance with Freddie Mac guidelines.. Maximum Loan Amount: • Conforming loan limits of $453,100. DPA Amount: • Up to 5.00% of the First Mortgage Loan amount. Occupancy: • Borrower must occupy the residence as their primary residence. • Follow Freddie Mac guidelines concerning non-occupant co-borrowers. Eligible Properties: • 1 unit, Single Family Residences, approved Condos, and Townhomes, as allowed per Agency guidelines. • No manufactured homes nor co-ops. • Condominiums allowed for LTVs of 97% in addition to meeting Freddie Mac guidelines as applicable. Minimum Credit Score: 640 FHA & VA TERMS Government Loan Types: - FHA: 203(b), in accordance with FHA guidelines. - VA: In accordance with VA guidelines Maximum Loan Amount: - Follow the FHA loan agency loan limits by county (Riverside & San Bernardino counties $405,950) DPA Amount: - FHA: Up to 4.00% of the Total First Mortgage Loan amount. - VA: Up to 4.00% of the First Mortgage Loan amount. Occupancy: - Borrower must occupy the residence as their primary residence. - For non-occupant co-borrowers, refer to loan agency guidelines. Eligible Properties: - Single Family (1 -4 Unit) properties ONLY, as allowed per Agency guidelines. - Manufactured housing allowed with a minimum of 680 FICO Minimum Credit Score: 640. INTEREST RATES Conventional- 5.00% Grant, 6.125%; 4.00% Grant, 5.75%; 3.00% Grant, 5.375% FHA - FICO 660 or higher- 4.00% Grant, 5.50%; 3.00% Grant, 5.00% FICO 640 to 660- 3.00% Grant, 5.50%; 2.00% Grant, 5.00% VA - 4.00% Grant, 5.50%; 3.00% Grant, 5.00%; Rates as of Thursday, Aug 22, 2018. All rates subject to change on a daily basis. GENERAL DPA TERMS Income Limits: • Refer to applicable income limits by county of property (Riverside & San Bernardino counties $131,600 for all loan types) Loan Term: - 30-year fixed term with full amortization. Homebuyer Education: • Approved homebuyer education/counseling required if all borrowers are first time homebuyers. (Please refer to loan agency for specific requirements.) DPA General Terms: • Proceeds may be used for down payment and/or closing costs; • There must be no cash back to the borrower from the DPA proceeds Fees and Points to Borrower: • Origination Fee: 1.5% of the First Mortgage. • Discount Points: 0.00% (This Program does not allow Discount Points to be charged to the Borrower) • Funding Fee: $400 • Fees charged on the DPA Second Loan cannot exceed 1% of the DPA Second Loan amount • Participating Lender may charge customary and reasonable closing costs and fees with full disclosure in accordance with Freddie Mac and federal, state and local laws and regulations. 2 nd LIEN TERMS DPA Second Mortgage Loan Terms • Note Rate of Second Mortgage is 0%; • Non-amortizing loan with no monthly payments; • Second Mortgage is forgiven after 3 years; The outstanding principal amount of the Second Mortgage is reduced by one-third (1/3rd) of the original principal amount on each one-year anniversary date. o Upon sale or refinance prior to the end of the 3 years, the total loan forgiveness will be calculated on a pro rata basis PLATINUM “SELECT” ELIGIBILITY (NO 2nd Lien) . Borrowers with the following occupations in California are eligible for the Platinum “Select” feature, which provides DPA in the form of a non-repayable Gift: • Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers and others serving in a Law Enforcement capacity; • Firefighters, CalFire, paramedic, and Emergency Medical Technicians (EMTs), including administrative staff that supports firefighters; or • Current members of the California State Teachers Retirement System (CalSTRS) or University of California Retirement Plan (UCRP), employees of a California accredited Private, Charter or Public School District or California State University, Junior College or Private College, including school administration and staff. Lenders are required to upload documented evidence of a borrower’s eligible occupation within five (5) business days of submitting a loan reservation online.

$10,000 downpayment assistance

Local Lenders

LOCAL LENDERS Bradley Michael Mullen NMLS# 308662, CalBRE# 1774271 Franklin Loan Center 70005 Mirage Cove Drive Rancho Mirage, CA 92270 760-779-8139 teambrad@franklinlc.com www.bradleymullen.com Steve Dominguez Senior Loan Consultant NMLS ID: 460068 44-250 Monterey Ave. Palm Desert, CA 92260 Direct 760-774-3518 Fax 425-605-1441 Steve.Dominguez@CaliberHomeLoans.com www.caliberhomeloans.com/sdominguez Kristian Radev Loan Officer NMLS# 1114814 340 S. Farrell Drive, Suite A203 Palm Springs, CA 92262 Office: 760.992.7195 FAX: 760.877.386.5308 Cell: 760.799.5351 KristianRadev.prospectmtg.com www.myprospectmortgage.com/KRadev LENDERS FOR THE HIGH DESERT (Joshua Tree; Yucca Valley; Twenty-Nine Palms) James Allenbach Loan Officer, PERL Mortgage, Inc. Mortgage Advisor 57752 29 Palms Hwy. Yucca Valley, CA 92284 NMLS: 1069394 ; CA: CA-DBO333448 760.369.9263 Office 760.365.7475 Fax 760.484.0198 Cell jamesa@perlmortgage.com perlmortgage.com/jallenbach Diane Giannelli Diane Giannelli –Senior Loan Officer First Nations Home Finance - Direct Lender 7398 Fox Trail – Yucca Valley, CA 92284 NMLS#316284 BRE# 01856154 (760) 415-7982 Cell (760) 365-5528 Fax (760) 228-2262 Business diane4loans@gmail.com www.Diane4loans.com Mary Jane Binge Senior Loan Officer NMLS 417644 | CA BRE 01136734 760-367-3622 Direct 760-799-0313 Mobile 760-367-2767 Fax First Nations Home Finance Corp. 6528 Hillside Ave | Twentynine Palms, CA 92277 NMLS 99040 | CA BRE 01141761 800-638-9999 Corp www.fnhf.com

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Canadian Buyers/Sellers

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1031 Exchange Info

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Home Inspection

As part of the sale and purchase of a home, a Home Inspection Report is required and the Buyer receives a copy of this report.

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