Welcome to Sellens Real Estate Lending, providing loan origination throughout the State of California. Primarily, at Sellens Real Estate Lending, we originate real estate loans on 1-4 Single Family Residence properties, although we provide commercial real estate financing as well, anywhere in the United States. Lending specialty types are FHA, VA and Conventional Loans, like Fannie Mae and Freddie Mac.
In addition, we offer other specialty loans for Manufactured Homes and Mobile Homes, built before and after 1976. You can purchase a home, refinance it, simply to lower your monthly cost for the home, or refinance the home and get some cash out of your equity, to pay existing credit line payments, or put in that great home improvement that you always wanted.
A Manufactured Home is "pulled" on to the land site, usually in two or three sections. It has a Title, similar to a vehicle, until it is permanently affixed to the land. This type of lending has some quirks that are well know at Sellens Lending.
In addition, we offer other specialty loans for Manufactured Homes and Mobile Homes, built before and after 1976. You can purchase a home, refinance it, simply to lower your monthly cost for the home, or refinance the home and get some cash out of your equity, to pay existing credit line payments, or put in that great home improvement that you always wanted.
A Manufactured Home is "pulled" on to the land site, usually in two or three sections. It has a Title, similar to a vehicle, until it is permanently affixed to the land. This type of lending has some quirks that are well know at Sellens Lending.
Services
A little about me: As a wholesale mortgage broker, Sellens Real Estate Lending arranges loans with the best current rates, for property owners in California.
Commercial lending is available throughout the United States.
Real Estate means home and land property, or just land alone.
We also offer loans for Mobile Homes in a Park, which are classified as personal property, or chattel loans.
Judith Ann Sellens is the sole owner of Sellens Real Estate Lending.
She is licensed by the California Department of Real Estate, CA-BRE Broker License # 00673791, Sellens Real Estate Lending, NMLS # 313371, and NMLS personal license # 234977.
Commercial lending is available throughout the United States.
Real Estate means home and land property, or just land alone.
We also offer loans for Mobile Homes in a Park, which are classified as personal property, or chattel loans.
Judith Ann Sellens is the sole owner of Sellens Real Estate Lending.
She is licensed by the California Department of Real Estate, CA-BRE Broker License # 00673791, Sellens Real Estate Lending, NMLS # 313371, and NMLS personal license # 234977.
I am available most times to answer your questions relating to lending.
Most often your particular loan questions are going to be different than the next person's and you need a custom kind of answer to give you an answer you can count on.
The age of the home is important as well.
In the case of a manufactured home or a mobile home DH can determine if you will be able to finance that particular property.
Please call me for guidelines.
In most cases, if you are obtaining an FHA loan, or VA loan, or conventional loan, the subdivision that your property is located in, will have to be approved by one of the entities buying the loan.
Most often your particular loan questions are going to be different than the next person's and you need a custom kind of answer to give you an answer you can count on.
The age of the home is important as well.
In the case of a manufactured home or a mobile home DH can determine if you will be able to finance that particular property.
Please call me for guidelines.
In most cases, if you are obtaining an FHA loan, or VA loan, or conventional loan, the subdivision that your property is located in, will have to be approved by one of the entities buying the loan.
Please contact me at my office, located in Yucaipa, CA, and please use the above information to contact me.
However, Sellens Real Estate Lending is fully licensed to originate single family loans, throughout California, and since most of the work is done via emails and the internet, the property location is not important.
We offer lending for all types of properties, including one to four unit properties, one of the units can be owner-occupied.
Manufactured Homes, on permanent foundations, and Mobile Homes located in a Mobile Home Park.
However, Sellens Real Estate Lending is fully licensed to originate single family loans, throughout California, and since most of the work is done via emails and the internet, the property location is not important.
We offer lending for all types of properties, including one to four unit properties, one of the units can be owner-occupied.
Manufactured Homes, on permanent foundations, and Mobile Homes located in a Mobile Home Park.
80% Loan to Value Owner Occupied Cash Out Refinance Program - No Ownership Seasoning Waiting Period.
For the most part, the type of lending that you get, is determined by the type of property you are financing.
FHA loans are only offered for one to four unit properties, and if the property involves more than one unit, then the owner must live in one of the units.
VA loans are fabulous for veterans.
You should ask VA for a copy of your honorable discharge, and get a certificate of eligibility.
100% financing is available for veterans, and if you exceed the county loan limit, then VA will still finance 75% of your purchase amount.
For the most part, the type of lending that you get, is determined by the type of property you are financing.
FHA loans are only offered for one to four unit properties, and if the property involves more than one unit, then the owner must live in one of the units.
VA loans are fabulous for veterans.
You should ask VA for a copy of your honorable discharge, and get a certificate of eligibility.
100% financing is available for veterans, and if you exceed the county loan limit, then VA will still finance 75% of your purchase amount.
Manufactured home purchase transactions may take longer, because many of the funding lenders who advertise 21 day closings, do not provide funding for manufactured homes.
As time goes by, this too will change.
Like it or not, with every year that passes, the requirements, disclosures and borrower protection list grows so that closing your purchase loan has more time-tables and delays.
The Purchase Contract reflects a target date for closing, however the loan file has not even begun, so no one knows about the surprise credit issues the borrower has, or that the property appraisal may show required repairs.
As time goes by, this too will change.
Like it or not, with every year that passes, the requirements, disclosures and borrower protection list grows so that closing your purchase loan has more time-tables and delays.
The Purchase Contract reflects a target date for closing, however the loan file has not even begun, so no one knows about the surprise credit issues the borrower has, or that the property appraisal may show required repairs.
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