LOAN PROGRAMS
 
The following is a partial list of programs offered by Crestone Mortgage with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 916-536-9860.
  • Conventional
  • FHA
  • No Down Payment
  • Jumbo Loans
  • Challenged Credit Loans
  • High Debt Ratio Loans
  • Second Mortgage Loans
  • Construction Loans
  • Investor Loans
  • VA Mortgages
Conventional  Traditional loan programs that usually require at least 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.
FHA FHA loans allow for lower down payments (3.5%). Easier credit criteria, higher debt to income ratios mean that many borrowers can qualify for a larger loan amount at a very low rate and low closing cost.
No Down Payment  0% down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs). 
Jumbo Loans  Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full documentation, alternate documentation and limited documentation. Cash out and no cash out refinances are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
Challenged Credit Loans  These mortgages are for borrowers with less-than-perfect credit. They can vary from slightly damaged credit to severely damaged. Regardless of your situation, we have a mortgage that will get you back on track.
High Debt Ratio Loans  A ratio of monthly bills to monthly income higher than 50% is considered a high debt ratio. Loan programs are available for borrowers in this situation, allowing them to finance the purchase of a home or property.
Second Mortgage Loans  Subordinate to the first mortgage, these loans offer the borrower the ability to get money for home improvement, debt consolidation, or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.
Construction Loans  Building a new home can be an exciting prospect - unless you get caught up in a construction loan approval process that is overly complicated and time consuming. With this loan, we will finance up to 90% of the cost of land plus the costs of construction. We offer a one-time fixed rate closing or traditional ARM products.
Investor Loans  Used to finance 1-4 family properties that will be for investment with as little as a 10% down payment. Aggressively priced, these programs have many variations, including: No Doc, Limited Doc, and Full Doc. Program may not be available in some states.
VA Mortgages  Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.