Silverado Mortgage Company

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We specialize in loans for Self-employed individuals and government employees, (incl. city, county, state, federal and schools).

Offering CalPERS loans; FHA loans; VA loans; and no down payment loans to those who qualify!

Reverse Mortgage. Conventional loans. ARM's - 3yr, 5yr, 7yr, 10yr.

Silverado Mortgage Company provides a wide menu of loans to meet the needs of our clients. We have been approved by the Department of Housing and Urban Development (HUD) to offer FHA loans, and through the Department of Veterans' Affairs to offer VA loans. We offer financing for California state, county, and city employees through special programs including CalPERS. Self employed clients may have special needs. Our loan menu offers options that may avoid the rigid documentation requirements of standard guidelines. First time buyers may find our low and no down payment loans especially attractive. And for those who've had difficult times, B and C grade credit loans can be designed to get you back on your feet. Want to build a new home? We do new construction lending. Just give us a call. Seniors can receive a tax-free income each month through the Reverse Mortgage. Our loans are designed to meet your specific situation.

FHA
USDA Homestead 100
Silver Star 35
Silver Star 30
VA

FHA FHA loans are available for purchase and refinance. Small down-payment and flexable guidelines make this a winning choice for many. Refi with cash-back to 95% of the home value. Acceptable properties include mobile homes. No cash required for the buyer can be designed for a qualified First-Time-Buyer. Term: 30 years Maximum Amount: $423,750

USDA Homestead 100 Zero down-payment and No monthly PMI. Income restrictions and propert location restrictions apply. Fixed rate for 30 years.

Silver Star 35 35 year fixed rate loan. Initial 5 years are interest only payments for affordability. No down payment is required. For First-Time-Buyer's only. (Temporarily unavailable) Term: 35 years Maximum Amount: $381,262

Income restrictions apply.

Silver Star 30 30 year fixed rate. Zero down payment. For *First-Time-Buyer's* only. Term: 30 years Maximum Amount: $381,262

Income Restrictions apply.

VA Veteran Administration loans are for veterans and their spouses. 30 year fixed. No monthly PMI. One time VA Funding Fee is charged by VA but may be waived. This is an assumable loan.


Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $650,000 with closing costs of $13,000. Your actual APR may be different depending upon these factors.