Scott Storace - Branch Manager, 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

Down Payment Category

Mortgage Loan Limits for 2019

Link to Mortgage Loan Limits for 2019 Big news! The Federal Housing Finance Agency (FHFA) just announced their 2019 loan limits. In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018. According to FHFA’s Home Price Index, home prices rose 6.9 percent, on average, between the third quarters of 2017 and 2018. As a result, the baseline maximum...[...]

100% Conventional Home Financing?

Link to 100% Conventional Home Financing? 100% conventional financing on a property? Sounds too good to be true, right? Until recently it actually wasn’t a legitimate option. 100% home financing was only available if you were purchasing a home in a qualifying rural area or a U. S. Veteran. Now we have an option for 100% conventional financing. We have talked many times before about how difficult it can be to save up...[...]

Equity Share Home Loan Program

Link to Equity Share Home Loan Program Are you struggling to hit your desired down payment? Is down payment keeping you out of the right home for your family? Are you worried about mortgage insurance? Is a small amount meaning the difference between your dream home and not-quite-what-you-want home? Imagine someone offering to double your down payment. Imagine being able to purchase a home with 20% down instead of 10% down....[...]

Are You a First Time Home Buyer Trying to Save Your Down Payment

Are you a first time home buyer trying to save your down payment? Everyone knows that it’s ideal to save up twenty percent of the purchase price to put down on your first home. In a market like Orange County where median home prices are over $700,000, 20% down is over $140,000. Are you having a hard time saving up 20%? Or even 10%? The struggle is real. Home prices have been on a...[...]

Borrowing on the Margin

Have you ever considered borrowing on your investments otherwise known as borrowing on the margin ? Would you ever consider using a margin loan to buy a home? What is a margin loan? A margin loan is borrowing against the value of your stocks, bonds or mutual funds. Individual brokerages will decide which of these they are willing to loan on and what percentage. Typically, securities...[...]

Purchasing a Home With Pledged Assets

Link to Purchasing a Home With Pledged Assets What are pledged assets? A pledged asset is what is transferred to a lender in order to secure debt. A pledged asset mortgage is a type of home loan that is secured with assets or securities, rather than liquid funds.  Qualifying funds may not be from a 401k or an individual retirement account (IRA). Pledged asset funds may also be used to help a qualifying relative purchase a...[...]

Getting to Your Desired Down Payment

Down payment got ya down? You have a great job so the monthly payment won’t be an issue. Your credit is in good shape and you feel you can qualify for a mortgage. The last bump in the road for you is the down payment. It can be a challenge to come up with a large sum of money all at once. Lucky for you, we have a few ideas that might make it easier to get to your desired down...[...]