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Call for a free pre-qualification (916) 683-5500
9401 East Stockton Boulevard, Suite 205
Elk Grove, CA 95624
 
 

About Paradigm Mortagage Corporation

Residential Loan

Whether you are a first-time buyer or a homeowner looking to make home improvements, we can help you! Below you will see just a small selection of programs available.

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages
  • Interest-Only Mortgages
  • First Time Buyer Programs
  • Stated Income Programs
  • Imperfect Credit Programs
  • Home Equity Lines of Credit
  • Home Equity Fixed Loan
  • Refinance Loans

You can refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Take advantage of today’s low interest rates with a refinance loan through Paradigm Mortgage Corporation. Convert your adjustable rate mortgage to a fixed rate loan, shorten the term of your loan from 30 years to 15 years, or refinance that balloon mortgage that is coming due. Let us save you thousands of dollars with your refinance loan! Contact us today!

Pre-Approval Services

Paradigm Mortgage Corporation can help you decide what you can afford. With a pre-approved mortgage, you know how much you should reasonably borrow to buy a home. Find out what your payments will be, and get a price range that is realistic for your financial situation. Contact us for a pre-approval application now!

Residential Loans

Types of Residential Loans Available:

  • (Residential loans of $50,000 and above only)
  • Conventional, FHA, VA first mortgages
  • 5% down payment of all credit grades
  • Good Credit: 100% financing on new and refinance loans
  • 90% financing without job or asset verification
  • 100% cash out on refinances
  • High debt-to-income ratio from 45% to 60%
  • All credit grades
  • Self employed borrowers, even for only 1 day
  • Debt consolidation refinancing
  • Foreclosures bailout in some cases up to 65%
  • Construction loans of $100,000 and up
  • Rental property and second home loans
  • Jumbo loans to $4,000,000
  • Able to compete with any bank in terms of rate and points charged
Some of the things that you should know when applying for a residential loan are:
  1. You should have at least 5% as a down payment in cash.
  2. Closing costs will typically run 2-3% of the loan and generally can not be added to the loan amount (but this is handled on a case by case basis).
  3. Credit rating has a lot to do with not only one’s chances of getting a loan, but the rate charged.
  4. Monthly income must be verified somehow.
  5. Employment must also be verified.