Sacramento BRANCH

1545 River Park Drive
Sacramento CA 95815
Directions

OPEN WEEKDAYS 8:00AM – 5:00PM

916-732-2340

For additional assistance or, to see what you qualify for

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PRMG Sacramento BRANCH INFORMATION

For over two decades, Paramount Residential Mortgage Group Inc. (PRMG) continues to be a Top 15 Leading Lender in the mortgage industry. As a privately held mortgage company and residential home lender, PRMG has successfully helped many borrowers purchase and refinance their homes throughout the United States.

PRMG has fostered an aligned company culture “earned over time”. We have a saying here; the inside drives the outside. Therefore, it is imperative that our ops and sales teams are aligned. Our goal is to provide customers with a ‘Path to Pivot’ to more consumer facing activities and modern lending technology. This includes innovative products and industry-leading customer service levels.

PRMG is licensed in 49 states in addition to Washington DC and by the U.S. Department of Housing and Urban Development (HUD) with branches and operation centers strategically located across the country! We deliver a wide range of Jumbo, FHA, VA, USDA, and conventional loan products, along with providing cutting-edge technology and industry-leading customer service. PRMG is an agency-approved direct issuer to Ginnie Mae, as well as a licensed seller/servicer of Fannie Mae.
Additionally, PRMG gives back to the community through their 501(C)3 non-profit foundation, PRMG Cares. PRMG Cares has donated time and money to local and nationwide charities. To learn more, please visit PRMG Cares!

We’re All In!

Ken Clark Jr

Branch Manager

BRANCH NMLS #1858803

4.9 out of 5.0 stars

90,000 reviews

YOUR HOMEOWNERSHIP JOURNEY STARTS HERE

OUR TEAM OF PROFESSIONALS ARE HERE TO HELP YOU NAVIGATE THE HOMEBUYING PROCESS

Meet the Sacramento Team

Ken Clark Jr

Branch Manager

NMLS #225375

Bronwyn Arbuckle

Loan Officer

NMLS #871140

Douglas Ghilardi MBA

Loan Officer

NMLS #1142605

James Hardwicke

Strategic Alliance & Loan Partner

NMLS #2351650

Jennifer Martell

Loan Officer

NMLS #335902

Manuel Sanchez

Loan Officer

NMLS #1565078

Melissa Rendon

Loan Officer

NMLS #1327811

Monica Ruiz

Loan Officer

NMLS #2102326

Shelly Haines

Sr. Loan Officer

NMLS #257787

HOME MORTGAGE OPTIONS

When it comes to home mortgages, the amount of options can feel overwhelming. Whether you’re a first-time homebuyer, purchasing a new home, or want to refinance your existing mortgage, it’s important to understand the different types of home mortgages available and which best fit your goals.

Generally, there are four primary types of home mortgages:

Government Backed Loans: Loans that are insured by the federal government, have lower credit score and down payment requirements, and have potentially higher interest rates.

Conventional Loans: Loans that are not backed by the federal government, typically require higher credit score and down payments, but may have lower interest rates.

Non-Qualified Loans: Loan options that do not meet specific criteria set by regulatory bodies, making them suitable for individuals with unique financial situations.

Non-Conforming Loans: Loans that exceed the standard loan limits and do not conform to government-sponsored loan guidelines.

Whatever loan type you choose, many will give you a choice between a fixed or adjustable interest rate.

Fixed Interest Rates: When the interest rate percentage remains the same throughout the life of the loan, offering predictability and stability.

Adjustable Interest Rates: When the interest rate percentage may start lower than a fixed rate but increases over time, depending on various factors.

You can read more about our home mortgage options below, or call our team of home mortgage professionals at any time!

PRMG Home Mortgage - New Homeowners Celebrating

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GOVERNMENT BACKED LOANS

These loans are insured by the federal government, have lower credit score and down payment requirements, but have potentially higher interest rates.

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FHA LOANS

Backed by the Federal Housing Administration
Popular choice for first-time homebuyers
Require lower minimum credit scores and down payments than many conventional loans
More accessible for many borrowers

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USDA LOANS

Backed by the U.S. Department of Agriculture
Designed for low-to-moderate income borrowers in Eligible Rural Areas
Flexible credit requirements with competitive interest rates and terms
Zero or low down payment options

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VA LOANS

Backed by the Department of Veterans Affairs
Offered to eligible veterans, active-duty service members, and their qualified family members.
Lower interest rates and fewer fees than traditional mortgages
Require no down payment

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CONVENTIONAL HOME LOANS

Conventional loans are mortgages not insured or guaranteed by any government agency. Instead, these loans are backed by private lenders, and typically have stricter credit and income criteria. These loans can be "conforming" or "non-conforming".

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MANUFACTURED HOME LOANS

Designed for the purchase or refinance of Manufactured Homes
Often have higher interest rates due to higher risk
Shorter loan terms create higher down payments
Great option for borrowers seeking affordable and flexible housing

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RENOVATION LOANS

Designed to fund renovations, remodels, or increase energy efficiency
Popular with homeowners without cash on hand for renovations
Several types available with unique terms and requirements
Helps homeowners improve quality of life or increase property's value

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NON-QUALIFIED LOANS

A Non-Qualified Loan is a type of mortgage that doesn't meet standards set by regulatory guidelines. They offer borrowers with unique financial situations financing options inaccessible to them through traditional mortgages requirements.

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INTEREST ONLY LOANS

Allows borrowers to only pay their loan's interest for a set time
Principal can be repaid in a lump sum or in payments
Allows real estate investors to allocate resources during interest only period and potentially increase returns on other investments

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NON-CONFORMING LOANS

Non-conforming loans, are mortgage options designed for borrowers whose financial circumstances fall outside conventional lending norms. While they provide flexibility, non-conforming loans typically involve higher interest rates and more stringent qualifications.

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JUMBO LOANS

Designed to finance properties that are too expensive for conforming loans
Maximum conforming loan in 2024 is between $766,550 and $1,149,825 depending on the location.

TALK TO A HOME MORTGAGE PROFESSIONAL