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Founded in 2002, JBee Home Loans is a growing residential mortgage broker in California with over 20 years of experience making YOUR dream of homeownership possible! A few of our home financing programs include Home Financing, Refinancing, Jumbo home loans, VA home loans, Divorce Mortgage Guidance, Cash-Out Refinancing, and FHA. Online applications!
There are multiple different mortgage programs available to suit your needs. Generally – in order to qualify for a home loan, your credit needs to be at least 580 and you need two years of work experience. Your Debt to Income ratio (aka how much debt you have vs the amount of income you make) also needs to be a certain amount depending on the program you want. There may be programs out there that can help you, even if you don’t fit a certain criteria. We’re here to help figure out a mortgage plan tailored to you to put you on the path of homeownership.
Yes! There are a few Down Payment Assistance programs in California. Most cover 3% – 5% of your total loan amount. It is recommended to still have a bit of savings just in case the DPA program doesn’t cover all of the closing costs – which are additional funds needed on top of your loan amount. The process to get approved for Down Payment Assistance takes time – we will need some documentation from you in order to start. Please book a call with us so we can see how we can help you.
We are a mortgage broker and are different than a bank. A bank usually goes through a single lending source – and usually has more additional requirements and rules (such as only accepting those with a certain credit credit score, income etc). Since we are a mortgage broker – we go through multiple different lending sources, all with different rules. Some of our lending sources allow those who have lower credit more options. You may have a better chance with a mortgage broker compared to a bank, give us a call today.
Rates depend entirely on your credit score, debt-to-income ratio, your income, loan amount and the type of loan you want. We’re happy to provide you a rate quote – we just need a few details from you. Please feel free to give us a call at 909-821-7447 so we can put together a rate quote and plan together for you – or email us at Buzz@JBeeHomeLoans.com
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