CONFORMING LOANS

Extremely Quick Turnaround for All Buyers and Refinances

The Funding Group brings one of a kind underwriting acumen to the residential conforming (Fannie Mae and Freddie Mac) and government (FHA and VA) lending market. We can quickly analyze and source these more traditional 15- and 30-year fixed-rate mortgages while providing borrowers a single point of contact.

Whether you are a first-time homebuyer or seasoned real estate investor, Insignia’s team of mortgage professionals will guide you effortlessly through the process and facilitate a quick close. We can help if you’re just looking for a rate, term refinance, or a cash-out refi.

As a broker, The Funding Group has long-standing relationships with a variety of local California banks, credit unions, as well as national mortgage banks that price these conforming and government loans very competitively.

A majority of the time, we can help package these loans to avoid substantial out of pocket closing costs.

Generally, these programs are designed around primary or second home transactions, however, there are some interesting programs for investment properties as well. Moreover, these specific loans will never come with a prepayment penalty.

The conforming and government lending space is highly fluid and relies primarily on automated underwriting for decision making. Insignia Mortgage’s team of professionals is highly proficient with technology and can easily navigate these automated systems yielding quicker approval turn times, less paperwork, and smoother closings.

Here at the Funding Group, our goal with all borrowers is to complete our proper due diligence upfront, greatly speeding up the disclosure, submission, and approval process.

 

 

 

 

 

 

Highlights of A Conforming Loan

  • Loan amounts up to $765,600 in certain counties
  • Rates are most competitive on 15- and 30-year loan programs
  • Co-signor permitted
  • Financing up to 97% loan to value with mortgage insurance
  • Gift funds for down payment permitted
  • No closing cost options available
  • Credit scores as low as 620
  • Prepayment penalties are prohibited
  • Debt-to-income ratios up to 50%
  • As little as 2 months post-closing reserves
  • Call for FHA or VA rates and terms

I had a very difficult situation with complexities that I will not go into but Wes was patient and stood by us the entire time. He was smart and had a lot of creative ideas. I cannot thank him enough and will be going back to him when I make my next purchase!

Garret W.

Frequently Asked Questions

What is the lowest fico you accept ?

580 credit score

What is the minimum down payment?

10% on Jumbo and 5% for conventional

Do you have programs that don’t require tax returns?

Yes, bank statement and DSCR program and full stated program

Start Your Loan Application

Ready to start your loan application process? Simply fill out this contact form and one of mortgage brokers will be in contact with you in a timely manner.

At The Funding Group we deliver the absolute best lending experience through knowledge, communication and care.

Our mission supports the growth and strength of our communities and provides a pathway to the dream of home ownership.

Address

451 N Canon Dr Suite 1
Beverly Hills California 90210

Email

wesley@thefundinggroup.com

Copyright © 2021The Funding Group