LOAN PROGRAMS
30 YEAR FIXED RATE CONVENTIONAL LOAN
A Fixed Rate 30-Year Mortgage is a type of home loan that offers borrowers a consistent and predictable interest rate and monthly payment over a 30-year repayment period. This type of mortgage is one of the most traditional and popular options for financing the purchase of a home. These loan programs typically don't require large down payments.
FHA LOANS
An FHA loan, or Federal Housing Administration loan, is a type of mortgage designed to make homeownership more accessible, particularly for first-time homebuyers. It is insured by the Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development (HUD). These loans typically have more lenient underwriting requirements and only require 3.5% down to purchase a home.
VA LOANS
A VA loan, or Veterans Affairs loan, is a mortgage program designed to assist eligible veterans, active-duty service members, and certain members of the National Guard and Reserves in obtaining home financing. Administered by the U.S. Department of Veterans Affairs (VA), this program aims to help veterans achieve homeownership with favorable terms. These loans normally do not require a payment.
RENTAL PROPERTY LOANS (DSCR)
A Debt Service Coverage Ratio (DSCR) loan, also known as a DSCR mortgage, is a type of commercial real estate loan that focuses on the property's ability to generate sufficient income to cover its debt obligations. The loan's approval and terms are determined primarily by the property's cash flow rather than the borrower's income documentation.
FIX AND FLIP LOANS
A short term loan used to fix up properties to either refinance and hold as rentals or sell for a profit after rehab.
IAN HUMPHREY - BRANCH MANAGER
WEST CAPITAL LENDING
IAN HUMPHREY
DRE #02116317 | NMLS #2224042
West Capital Lending
Broker #02022356 | NMLS #1566096
24 Executive Park, Ste 250, Irvine, CA 92614
ihumphrey@westcapitallending.com
WCL is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate based on race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract) because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. Information accurate as of [Mo/Date/Year]. Not all programs are available in all areas. Not all borrowers will qualify for all programs. Program restrictions apply. Please contact XXXX |ex. "local Office"] to determine eligibility. This is not an offer or extension of credit or a commitment to lend. all loan programs are subject to the specific lenders underwriting guidelines and available terms. Approvals may be subject to appraisals and other documentation requirements. Interest rates, loan programs, available loan terms, and other information on this website are subject to change without notice. The Loan Originator named in this advertisement is licensed in the following states only: ,AZ, CA, CO, , FL, , ID, IA, KS, ME, MI, OR, TN, TX, WA, regulated by the Colorado Division of Real Estate. Kansas licensed mortgage company. The information on this site is not intended for consumers of any other state. To determine broker or loan origination eligibility please visit: nMLS Consumer Access
