714-814-2125

Loan Lock Home Loans logo for menu

Home Loan Types:
Are You Choosing the Right One?

Discover the variety of loan types available through Loan Lock Home Loans, each designed to meet your unique financial needs and goals.

Fill out this form to Get Started

Which best describes you?

Self Employed

Self Employed

VA Eligible

VA Eligible

Real Estate Investor

Real Estate Investor

Other

Other

*We take your privacy seriously, this information will never be shared or distributed to third parties. By entering your information in this form, you consent to being contacted, even if you do not complete or submit the form.

[object Object]

I need a
DSCR Home
Loan

[object Object]

I need a
Bank Statement
Loan

[object Object]

I need a
self employed
Loan

[object Object]

I need an
Investment Property
Loan

[object Object]

I need a
1099 Home
Loan

[object Object]

I need a
Refinance Home
Loan

[object Object]

I need a
Home Purchase
Loan

What are Mortgage Loan Types?

Mortgage Loan Typesencompass a variety of financing options designed to help individuals purchase or refinance properties. In California, these options range from traditional FHA loansto specialized non-QM loans for those with unique financial profiles. Understanding these loan programs is crucial for making informed decisions and securing the best possible mortgage rates.

Mortgage Loan Types: Your Pathway to Homeownership

Navigating the diverse landscape of mortgage loan types in California can be overwhelming. Are you struggling to find a loan that fits your unique financial situation? At Loan Lock Home Loans, we understand the challenges Californians face when seeking home loans.Whether in Los Angeles, San Francisco, San Diego, Sacramento, or any other city across the Golden State, we provide tailored solutions for your home buying and refinancing needs.

What kind of borrowers need and qualify for Mortgage Loan Types?

First Time Buyers

First-time homebuyers seeking low down payment options.

Self Employed

Self-employed individuals needing bank statement loans.

Real Estate Investors

Real estate investors looking for DSCR loans or investor cash flow loans.

Veterans

Veterans seeking VA loans with no down payment.

Unique Needs

Borrowers with unique income situations needing 1099 loans or asset depletion loans.

High Net Worth

High-net-worth individuals looking for jumbo loans.

Foreign Nationals

Foreign nationals and those with ITIN numbers.

Interest-Only Borrowers

Those looking for interest only loans or no ratio loans.

Types of Non-QM Loans Available with Ameritrust

Tailored loan options for self-employed, fluctuating incomes, or unique credit needs.

Bank Statement Loans

Leverage your bank statements to demonstrate income and qualify for financing.

Income Verification:12 or 24 months of bank statements

Maximum Loan Amount:Up to $3.5 Million

Maximum DTI:50%

Loan Purposes:Purchase, rate/term refinance, cash-out refinance

Property Types:Primary residence, second home, investment property

Income Calculation:Based on average deposits over the statement period

Eligible Borrowers:Self-employed, freelancers, business owners

Additional Documentation:May include P&L statements, tax returns (if available), asset statements

Fico

640

min.

Ltv

90%

max.

A bank statement loan is a mortgage option tailored for self-employed individuals, allowing them to verify income using personal or business bank statements instead of traditional documents like tax returns, W-2s, or paystubs.

This program is ideal for small business owners, independent contractors, or those who don't own 100% of their business.

Our Bank Statement program offers a loan solution for credit-worthy self-employed borrowers who might not qualify for a conventional home loan, helping them secure the financing they deserve.

ProgramPerksImg

Benefits of Mortgage
Loan Types

Faster Processing: Streamlined processes.

Personalized Service: Direct access to loan officers.

Competitive Rates: Potential for better mortgage rates.

Greater Flexibility: More loan program options.

Improved Communication: Direct contact.

Why Choose Loan Lock Home Loans for Your Mortgage Loan Types?

Loan Lock Home Loans stands out as a premier direct lender in California. Unlike brokers who shop around, we have in-house underwriting and control over our loan programs. This allows us to provide faster, more flexible, and personalized solutions. We specialize in non-QM loans, catering to borrowers with unique needs. Our expertise in bank statement loans, DSCR loans, and other specialized mortgage loan types ensures you receive the best possible service. We are committed to E-A-T, and strive to provide the most accurate and up to date information regarding mortgage rates and loan terms.

Pros

  • Access to various financing options.

  • Potential for lower monthly payments.

  • Opportunity to build home equity.

  • Allows for home buying and refinancing.

Cons

  • Interest costs over the life of the loan.

  • Risk of foreclosure if payments are missed.

  • Complexity of the loan application process.

How to Qualify for Mortgage Loan Types

Several points to keep in mind for applying for Loan.

Assess Your Credit Score:

A higher score improves your chances.

Gather Financial Documents:

Prepare tax returns, bank statements, and income proof.

Determine Your Down Payment:

Save for a sufficient down payment.

Calculate Your DTI Ratio:

Ensure your debt-to-income ratio is within acceptable limits.

Get Pre-Approved:

Obtain pre-approval to understand your borrowing power.

Understand loan terms:

know all the details of your loan.

Choose the right lender:

shop around to find the best lender for your situation.

How Can we Help?

Relax and take comfort in knowing that our 24/7 support ensures you're never alone on your financial journey.

Get in touch with our Loan Agents at

714-814-2125

AmeriTrust_Logo_Home

Stay Connected

714-814-2125

info@loanlockhomeloans.com

Address: 6 Hutton Centre Drive,Suite 1030, Santa Ana,CA92707

LOAN TYPES

QUICK LINKS

HOME PURCHASE LOAN

INTEREST & PRICING

Privacy  | Terms & Conditions | Sitemap

© Copyright 2021, All Rights ReservedLoan Lock Home Loans
Powered by Maple54