Bankers Group — Performance Not Promises

bankers group, woodland hills, conventional loans, jumbo loans

Bankers Group Home Loans

Woodland Hills, Topanga, Calabasas

We are Bankers Group. We are a mortgage broker office. Brokering is the process of bringing together a client or customer with the most appropriate business provider to suit their needs. 

Conventional Home Loans

Finding an affordable home mortgage that works within your budget might not be as hard as it seems. Coming to Bankers Group in Woodland Hills may have saved you money on your conventional home loan or home loan refinance. Today’s homebuyers and refinancers have many options to help them buy as well as maintain a home with home mortgage products with Fannie Mae home loan FNMA  conforming loan limits and Freddie Mac loans FHLMC securitization. Some of these home loan types include:

Home Loan Types:

  1. 30 year fixed rate amortized loans
  2. 15 year fixed rate amortized loans
  3. Adjustable Rate Mortgages (ARM)
  4. High Balance Loans
  5. Jumbo Loans
  6. High LTV Refinance Options


Conventional home loan limits
 that conform to Fannie Mae and Freddie Mac for 2019 are $484,350, an increase from $453,100 in 2018. The new ceiling loan limit for one-unit properties in most high-cost areas is $726,525 — or 150 percent of $484,350. 

If you think you can’t afford to buy a home, come talk to Dorothy Reik at Bankers Group! Research shows buyers don’t always know the facts when it comes to qualifying for a home mortgage. Our expert mortgage team can help you understand your dream home is just a few steps away.

Conventional Loans are standard 1st Trust Deeds with a Mortgage Lender and of any amount for 1-to 4-unit residential property.

Conforming Loans are Conventional Loans that go up to a maximum amount established by FNMA and FHLMC.

A Conforming Loan can be a Fixed, Adjustable, Convertible, or a Balloon as long as it is no more than the current FNMA — FHLMC limit and will be underwritten to FNMA — FHLMC guidelines.

Loans that do not fall under the Conventional Loan Limits are funded by a variety of other Investors and are called  Jumbo Loans.

Conventional Loan Limits as established by FNMA on January 1, 2019 are subject to change, determined by state and county.

 

Mortgage History

In the early days of the home mortgage industry, prior to the 1930s, homebuyers would borrow from their local Bank, family, or friends. Loans then were usually for a five-year period, interest only, and required 50 percent down payment.

The interest payments were scheduled to be paid monthly, quarterly, semiannually, or annually. Principal payments were often scheduled to be made on an annual basis and in some cases the total principal balance or a one-time Balloon Payment would be paid at the end of the loan term.

As with Balloon Loans that are currently used, a homeowner would often need to refinance at the end of the loan term to arrange for the remaining principal balance of the loan.

The National Housing Act of 1934 was established by President Roosevelt as a means to improve the economic state of the country. The following organizations were established through the Act:

  • Federal Housing Administration (FHA) – Provided for Fully Amortized Loans by requiring monthly Principal and Interest payments.
  • Federal Deposit Insurance Corporation (FDIC).
  • Federal Savings and Loan Insurance Corporation (FSLIC).
  • Federal National Mortgage Association (FNMA or Fannie Mae) was created by Congress in 1938 as a Government entity to buy and sell FHA loans on the Secondary Market.

The Secondary Mortgage Market and the Mortgage Industry evolved further in 1970 when Congress authorized Fannie Mae to buy and sell conventional Mortgage loans.

The Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) was also created at this time for the purpose of creating a Secondary Market for Savings and Loans. Freddie Mac has since expanded to provide a securitized Secondary Market for the conventional lending market.

Fannie Mae and Freddie Mac developed standards in the form of Guidelines that are the basis of Mortgage Underwriting throughout the industry today.. 

Contact Us Today

For a conventional home loans package, rates and terms, loan to values and underwriting guidelines, contact Dorothy Reik, President Bankers Group, directly at C: 310-291-1300, 310-455-4050, 818-226-6100,  dorothy@bankersgroup.us CalBRE Lic #01233829, NMLS Bankers Group ID #294230 (B&P 10140.6(b); Regulation 2773). 

Bankers Group Woodland Hills office is located at 5311 Topanga Canyon Blvd Suite 201, Woodland Hills, CA 91364.

Bankers Group works with homebuyers on conventional home loans and hard money loans in Topanga, Woodland Hills, Calabasas, Malibu, Pacific Palisades, Santa Monica, Venice, Brentwood, Beverly Hills, West Hollywood, North Hollywood, Valley Village, Encino, Van Nuys, Sherman Oaks, Reseda, West Hills, Canoga Park, Agoura Hills, Thousand Oaks, Santa Rosa, Santa Clarita and the greater Los Angeles area.

Let Us Serve Your Home Loan Needs

bankersmgroup, woodland hills, hard money loans, high balance loans, high LTV refinance options

Mortgage lenders are primarily concerned with your ability to repay the loan. They’ll consider your credit history, monthly gross income and how much cash you’ll be able to accumulate for a down payment.

So how much house can you afford? To know that, you need to understand a concept called “debt-to-income (DTI) ratios.” The DTI is the percentage of your gross monthly income that goes to paying monthly debt. Generally, 43% is the highest DTI ratio a borrower can have and still qualify for a mortgage, but lenders prefer 36%, with no more than 28% going toward a mortgage or rent payment,

For a conventional home loans package, rates and terms, loan to values and underwriting guidelines, Dorothy Reik, President Bankers Group, directly at C: 310-291-1300, 310-455-4050, 818-226-6100, dorothy@bankersgroup.us CalBRE Lic #01233829, NMLS Bankers Group ID #294230 (B&P 10140.6(b); Regulation 2773). 

Bankers Group Woodland Hills office is located at 5311 Topanga Canyon Blvd Suite 201, Woodland Hills, CA 91364.

Loans secured by the government sponsored entities (GSE’s) Fannie Mae and Freddie Mac are conventional loans. Private lenders such as credit unions, banks or mortgage companies are another source for conventional loans. 

You can purchase or refinance using conventional loans for first and second mortgages on single family to four family homes. Bankers Group loan types include 30  year fixed rate fully amortized loans, 15 year fixed rate fully amortized loans, 40 year amortization loans, high balance loans and high LTV refinance options. 

For a conventional home loans package, rates and terms, loan to values and underwriting guidelines, Dorothy Reik, President Bankers Group, directly at C: 310-291-1300, 310-455-4050, 818-226-6100, dorothy@bankersgroup.us CalBRE Lic #01233829, NMLS Bankers Group ID #294230 (B&P 10140.6(b); Regulation 2773). 

Bankers Group Woodland Hills office is located at 5311 Topanga Canyon Blvd Suite 201, Woodland Hills, CA 91364.

As mortgage brokers, Bankers Group arranges transactions rather than lending money directly. We find a lender for you.

Our access to several lenders translates to a wider selection of loan products and terms from which you can choose such as an adjustable rate mortgage(ARM), fixed rate mortgages, 30 year fixed rate mortgage, 15 year fixed rate mortgage or a 40 year amortized loan.

Shopping, comparing, and finding your way to Bankers Group may have saved you thousands of dollars. 

For a conventional home loans package, rates and terms, loan to values and underwriting guidelines, Dorothy Reik, President Bankers Group, directly at C: 310-291-1300, 310-455-4050, 818-226-6100, dorothy@bankersgroup.us CalBRE Lic #01233829, NMLS Bankers Group ID #294230 (B&P 10140.6(b); Regulation 2773). 

Bankers Group Woodland Hills office is located at 5311 Topanga Canyon Blvd Suite 201, Woodland Hills, CA 91364.

For rates and terms, loan to values and underwriting guidelines, Dorothy Reik, President Bankers Group, directly at C: 310-291-1300, 310-455-4050, 818-226-6100, dorothy@bankersgroup.us CalBRE Lic #01233829, NMLS Bankers Group ID #294230 (B&P 10140.6(b); Regulation 2773). 

Bankers Group Woodland Hills office is located at 5311 Topanga Canyon Blvd Suite 201, Woodland Hills, CA 91364.

For rates and terms, loan to values and underwriting guidelines, Dorothy Reik, President Bankers Group, directly at C: 310-291-1300, 310-455-4050, 818-226-6100, dorothy@bankersgroup.us CalBRE Lic #01233829, NMLS Bankers Group ID #294230 (B&P 10140.6(b); Regulation 2773). 

Bankers Group Woodland Hills office is located at 5311 Topanga Canyon Blvd Suite 201, Woodland Hills, CA 91364.

We’ll ask about your personal info: your name, contact info and about anyone listed on the loan. Your desired location. Your income info: We’ll need to know details about your income and employment. Your assets and debts: your assets (checking and savings accounts or property) and debt you’re carrying (credit cards, car loans, student loans, other mortgages). We’ll check your credit to give you an accurate interest rate.

For a conventional home loans package, rates and terms, loan to values and underwriting guidelines, Dorothy Reik, President Bankers Group, directly at C: 310-291-1300, 310-455-4050, 818-226-6100, dorothy@bankersgroup.us CalBRE Lic #01233829, NMLS Bankers Group ID #294230 (B&P 10140.6(b); Regulation 2773). 

Bankers Group Woodland Hills office is located at 5311 Topanga Canyon Blvd Suite 201, Woodland Hills, CA 91364.

Bankers Group provides a full range of options to our clients.

conventional home loans, Fannie Mae loans, Freddie Mac loans, FNMA, FHLMC

What are hard money loans?

Mortgage loans that are made to borrowers who have significantly adverse credit are hard money loans. Such loans usually are made by funding companies or private investors. A hard money loan can be a non-conventional real estate loan based on real estate equity thereby side-stepping a major part of the verification a Federally-insured bank requires to lend the same amount of money. Hard money loans are collateralized by real estate, have higher interest rates and lower LTV’s (loan-to-value ratios) and are common because the lender is not backed by a government institution, unlike mortgages given by banks.

Who are hard money home loans ideal for?

Hard money real estate loans are ideal for borrowers who are unable to obtain funding through a conventional source.

Bad credit lenders often provide construction loans, real estate loans, bridge loans and home mortgage loans and commercial real estate loans more rapidly than traditional mortgage lenders.

Bankers Group: Hard Money Loans Mortgage Brokers

If you have a legitimate need and sufficient equity in your property we can help you. We respond to hard money loan requests with integrity and in a timely and professional manner.

When time is of the essence, we can move quickly to meet your time frame. We are a no nonsense, no frills, get it done company, offering every type of option you may require.

We specialize in hard money loans in Woodland Hills, Santa Monica, Topanga, Malibu, Pacific Palisades and the greater Los Angeles County area.

 

Contact Us Today

 

For rates and terms, loan to values and underwriting guidelines, Dorothy Reik, President Bankers Group, directly at C: 310-291-1300, 310-455-4050, 818-226-6100, dorothy@bankersgroup.us CalBRE Lic #01233829, NMLS Bankers Group ID #294230 (B&P 10140.6(b); Regulation 2773). 

Bankers Group Woodland Hills office is located at 5311 Topanga Canyon Blvd Suite 201, Woodland Hills, CA 91364.

Bankers Group works with homebuyers on conventional home loans and hard money loans in Topanga, Woodland Hills, Calabasas, Malibu, Pacific Palisades, Santa Monica, Venice, Brentwood, Beverly Hills, West Hollywood, North Hollywood, Valley Village, Encino, Van Nuys, Sherman Oaks, Reseda, West Hills, Canoga Park, Agoura Hills, Thousand Oaks, Santa Rosa and the greater Los Angeles area.

Bankers Group has been in business since 1980 and our staff represents over 100 years of experience in the mortgage lending and real estate industry. We have assisted thousands of customers and financed millions in purchasing or refinancing of new or existing homes in the greater Los Angeles area. 

Maybe you were searching the Internet for a way to refinance your existing 30 year fixed rate mortgage. Because refinancing involves many of the same steps you followed to get your current mortgage, the refi road may seem familiar. You may, however, face a few additional steps and different types of expenses. 

For rates, terms, loans to values and underwriting guidelines, contact Dorothy Reik, President Bankers Group, directly at C: 310-291-1300, 310-455-4050, 818-226-6100,  dorothy@bankersgroup.us CalBRE Lic #01233829, NMLS Bankers Group ID #294230 (B&P 10140.6(b); Regulation 2773).