15, 20, 30 Year Fixed Loan
30 Year FixedA 30 year fixed conventional loan is a loan that has the same mortgage payments for 360 months.
Conventional loans typically are harder to qualify for than FHA loans and require a slightly higher down payment. However, in some cases rates can be lower and have lower closing costs. Also, monthly mortgage insurance is usually less or can be nothing with 20% down payment.
20 Year FixedThis type of loan is the same as the 30 year fixed rate loan except the life of the loan is 240 months as opposed to 360 months. Since the loan is being paid slightly faster than the 30 year fixed rate loan, monthly payments for this type loan are higher than the 30 year fixed rate loan. Some Lenders allow for a lessor rate.
15 Year FixedThis type of loan is the same as the 30 year fixed rate loan except the life of the loan is 180 months as opposed to 360 months. Since the loan is being paid faster than either the 30 year fixed rate loan or the 20 year fixed rate loan, monthly payments for this type loan are higher than the other two loans. Generally, the longer a lender agrees to keep the interest rate "fixed", the greater the risk to the lender, therefore, in most instances, interest rates on 15 year fixed rate loans are slightly lower than on 20 or 30 year fixed rate loans.
5% down payment required on purchase
Minimum credit score - usually 620
Post- bankruptcy: can qualify after 4 years
Post-foreclosure: can qualify after 7 years
Post-shortsale: Can Qualify after 2 years (LTV restrictions may apply)
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Our happy Clients
"Behzad is just awesome! I have known Behzad for aprox 10 years now, he recently helped us with our purchase of our first multi-unit investment property. Behzad was not only patient with us throughout our search for the right property but also went the extra mile to make sure our goals are met. Furthermore He has helped us from our first home mortgage through multiple refinances. I have trusted Behzad’s judgment on the market and rates and he has been very insightful in discussing the many options/offerings. It has been a pleasure working with him."
"Behzad Zandinejad is an incredible mortgage broker and Realtor! He recently represented the buyer of my 8 unit listing in Santa Rosa, CA and was able to broker the 70% LTV purchase loan and bring this transaction to a successful closing in only 45 days. This was record time for a loan which normally would have taken at least 60 days or more! Behzad was professional, thorough, persistent and attentive to detail and follow-up throughout the entire transaction. I have known and worked with many Realtors and lenders during my 20+ year real estate career, but I can say without a doubt that he is among the absolute best in his business! I would definitely recommend him to anyone looking for commercial or residential portfolio financing."
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"I have worked with Behzad for over 15 years. He has helped me with numerous mortgage refinancing and new mortgage applications - working tirelessly to get the best possible rates. His level of service is top quality. He handles the entire process smoothly and requires very minimal effort on my part. I highly recommend Behzad."
"The level of service received from Behzad is absolutely superb. He is very thorough and dedicates his time to ensure the loan process is completed on time with the best available market rate. We are absolutely happy with the level of service and personal attention received for our home purchase."
"I have known Behzad for more than 10 years. The financial services he provided for me were the absolute best."
"We can't thank Behzad enough for his help. He is a professional and highly knowledgeable in his field. Behzad gave us great advice and always had our best interest in mind." Thanks again,