Scott Storace- Loan Originator, 100 Pacifica Drive Ste. 140, Irvine CA 92618 NMLS #226339 949.973.0141

"From the minute you call me to the minute we close, I have your back. No hassles, no banker’s hours & quick response times." - Scott Storace

  • Home Loans up to $3,000,000
  • Interest Rate Float Down Option
 

Have Questions? Call 949.973.0141

USDA Renovation Loan

Link to USDA Renovation Loan A USDA renovation loan is a great option for home buyers who are looking to purchase property in a rural area. This kind of loan offers flexibility for borrowers who may not normally be able to purchase a home due to income or credit limitations. Below we discuss two types of USDA renovation loans- Buyer/Seller option and the Escrow Holdback option. USDA Buyer/Seller Oftentimes, as a...[...]
Posted by Scott Storace in Home Repairs & Renovations, Mortgage Information

Preparing Your Home for Appraisal

Link to Preparing Your Home for Appraisal You have an offer on your home, things are moving along and now, the appraisal has been scheduled. So now you are wondering how best to go about preparing your home for appraisal. Preparing Your Home for Appraisal Your To-Do List 1. Safety requirements. They might be small, but they are mighty important.  Smoke/carbon monoxide alarms, and home security alarms, among other things are...[...]
Posted by Scott Storace in home appraisal, Home Repairs & Renovations

Basics and Benefits of VA Home Loans

Link to Basics and Benefits of VA Home Loans VA home loans have helped dozens of military families get into the home of their dreams Orange County, CA – The VA Home Loan guaranty program has been around since the end of World War II. Though it’s been through many changes it remains a phenomenal mortgage option. The VA loan does not require a down payment. And you never have to pay mortgage insurance with a VA home loan....[...]
Posted by Scott Storace in VA Home Loans

Lot Loans – Building Your Dream Home From the Ground Up

Building your dream home begins with the perfect location. Have you been in the market for a new or a custom home? After a long time house hunting and researching you decide to design and build a custom home. During your search, you probably heard about construction loans and renovation loans. But first things first. The land. And you just found the perfect location! Before you decide...[...]
Posted by Scott Storace in Mortgage Information

Building Your Credit From the Ground Up

Building credit and what to do when you don’t have a credit score. With a little time and effort, you can easily build your credit. Having a strong credit score is a predominant factor in securing financing for your home purchase. So when you don’t have a score, is buying a home impossible? Not at all. It might take a bit longer but buying a home is still within your reach....[...]
Posted by Scott Storace in Credit Score

Tips to Increase Your Credit Score Immediately

Have you recently gone to make a large purchase and found out your credit score isn’t what you thought it was? Or you may be avoiding having your credit run in the first place, worried it is not as healthy as you would like it to be. Your credit score is a rating of how well you’ve managed money when it has been lent to you. The better your credit score, the lower the risk to...[...]
Posted by Scott Storace in Credit Repair

Mortgage Loan Limits for 2018

Orange County, CA – Big news! The Federal Housing Finance Agency (FHFA) just announced their 2018 loan limits! To watch a short video about it, click here!   With a rise in home prices nation wide, the FHFA have increased the conventional loan limits for single unit properties. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be...[...]
Posted by Scott Storace in Conventional Loans, FHA Home Loans, Market Updates

How Work History Affects Home Loans

How does your work history affect your chance of a loan approval? Orange County, CA- Work history can have a profound impact on your ability to qualify for a mortgage. One of the first questions a loan officer will ask you is “How long have you been in your field of work?” You may have heard that lenders like at least 2 years in the same line of work. It shows a level of...[...]

A Seamless Path to Renovation

Link to A Seamless Path to Renovation A seamless renovation loan, imagine the possibilities!   Until now, renovation loans meant huge hassles for clients and their preferred contractors. Multiple detailed estimates were required. Additionally, lots of paperwork and a thorough background check for the contractors was necessary. The good news is, times have changed. We are making the renovation loan the perfect...[...]
Posted by Scott Storace in Home Repairs & Renovations, Mortgage Information

HELOC vs. Renovation Loan

Link to HELOC vs. Renovation Loan The kitchen needs a paint job. No big deal, you could do it in a weekend for a few hundred bucks. However new paint would make the tile look dated… which it is… and you did want to add that extra wall outlet to charge the kids tablets. Updating the tile would make you want to update the cabinets and by this point you realize that the kitchen does in fact need to be...[...]
Posted by Scott Storace in Home Repairs & Renovations