Make Your Dream of Homeownership a Reality!
Paramount Residential Mortgage Group Inc. (PRMG) has continued to be a top 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.
HOW TO GET STARTED
Become a Homeowner! Here are three things you need to get a home loan.
1. DOWN PAYMENT
Can be as low as 3%. Zero Down and Down Payment Assistance options available.
2. PROOF OF INCOME
Verify your income by providing your lender with recent W2’s, Pay Stubs, or Tax Returns.
3. CREDIT
If you have a low credit score, no problem! We have options to assist with low credit scores.
LOAN PROGRAMS
CALFHA
CalHFA Loans are a popular option for homebuyers in California. The California Housing Finance Agency (CalHFA) provides various loan programs to assist low to moderate-income families and individuals in purchasing their first home. These loans offer several benefits, including lower interest rates, mortgage insurance premiums, and down payment and closing cost assistance. CalHFA Loans offer more flexibility with the source of down payment funds, allowing borrowers to use gifts, grants, or loans.
GSFA Platinum
The GSFA Platinum Down Payment Assistance Program empowers homebuyers with grants for down payments and closing costs, enhancing access to homeownership. Tailored for first-time buyers and those with limited resources, it offers flexible eligibility, suits various mortgages, and requires no repayment. This program significantly eases the financial burden of homebuying, making it more attainable for families, fostering local housing markets and communities.
USDA
USDA Home Loans, offered by the U.S. Department of Agriculture, are instrumental in revitalizing rural communities and providing affordable housing options. These loans have flexible credit requirements and low or no down payment options, making them accessible to a wide range of borrowers. Additionally, USDA Loans contribute to rural development by financing essential community facilities, improving infrastructure, and supporting renewable energy projects. By investing in these areas, USDA Loans stimulate local economies and enhance the overall livability of rural regions.
Chenoa
Chenoa Loans are specialized mortgage programs designed to help low to moderate-income homebuyers secure financing for their homes. These loans, often provided through the Chenoa Fund, offer down payment assistance, making homeownership more accessible. They come with flexible credit requirements and can be used in conjunction with FHA, VA, and conventional mortgages. Chenoa Loans aim to bridge the gap between potential buyers and affordable homeownership.
City of Riverside
City of Riverside Loans are financial programs provided by the local government in Riverside, California, to support various community needs. These loans can encompass initiatives such as housing assistance, small business development, and infrastructure improvement. They aim to stimulate economic growth, enhance living conditions, and encourage investment in the city. City of Riverside Loans play a pivotal role in the region’s development and prosperity.
HOP
The Home Ownership Program (HOP) loan provides a second mortgage loan for first-time homebuyers with an assistance amount of up to $85,000, or 20% of the purchase prices, whichever is less.
The loan provides down payment and/or closing assistance and is secured with a Deed of Trust and Promissory Note.
The HOP offers 0% interest loans with a deferred payment. Repayment is required when the home is sold, there is a transfer of title, or the home is no longer owner-occupied.
To qualify, a homebuyer must not have owned a home in the last three years and the home must be owner-occupied.
NHF
National Homebuyers Fund®, Inc. (NHF) is a non-profit public benefit corporation established in 2002 to stimulate and expand homeownership opportunities and strengthen communities nationwide. Our goal is to be recognized as an outstanding provider of innovative, flexible and fiscally responsible solutions that respond to the affordable housing challenges of our nation. NHF is a non-profit public benefit corporation and an Instrumentality of Government Section 115 entity.
We are excited about the opportunity to assist you
Dalia Lemus
Loan Officer
NMLS# 865483
Valerie Lizarraga
Loan Officer
NMLS# 484891
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