"Lokman Financial Group helped us purchase our first home with No Down Payment. We're completely satisfied!"
- Victor & Gloria
Stockton, CA
"My reverse mortgage was just what I needed. Lokman Financial has made my life so much easier. Thank you!"
- Alfay T.
Richmond, CA
"With the help of Lokman Financial we turned our old house into a rental and bought a brand new home of our dreams!"
- Nomie & Brenda
Stockton, CA
"The Home Solution Program gave us the help we needed. Thank you!
-Cristobal & Luz
Stockton, CA
"They helped me find the right home, and the best financing in town. Lokman Financial Group succesfully handled all phases of my purchase. They're work is outstanding!"
"Lokman Financial gave me the professional assistance I needed when it came to my property."
-Debbie A.
Stockton, CA
"After retiring, we decided to relocate. Lokman Financial Group handled everything with ease. They helped us in renting our old home and finding the perfect new home for retirement"
-David & Sandra
Tracy, CA
The Right Mortgage For You
Our vast experience with loans and lenders have helped hundreds of families find the right home financing solution. We've helped many first-time home buyers, some have had poor or no credit. We find the best mortgage at the best rate. We've refinanced hundreds of mortgages in all types of situations. We're experienced in FHA loans, conventional loans, jumbo loans and sub prime loans. Our dedicated team of knowledgeable loan officers and managers provide you the best rates with the best terms and service.
Mortgage Refinancing
Save money today by converting your adjustable rate mortgage into a low 30 year fixed rate. If you want to draw on your home's equity, do a cash-out refinance. And, if you're short on cash to pay for all your closing costs, enquire about our no closing cost mortgage refinance options. Also consider an FHA mortgage loan if you have a clean mortgage history.
With the recent changes in the mortgage industry and sub-prime market in the summer of 2007, FHA loans can be great alternative options for borrowers with small down payments, lower incomes, and past credit issues. FHA mortgage loan programs are designed to make homeownership more readily available, so take advantage of what's available to you today. Inquire now about how to receive the best mortgage rates out there for FHA loans.
Homeowners should clearly understand what the FHA loan is all about before you decide you should obtain one. FHA which is also known as Federal Housing Administration, does not make loans or guarantees it but instead it insures the loans. All FHA mortgage loans require mortgage insurance. Lenders pay FHA with the insurance that is collected, which reimburses in the event of a loan default. The FHA mortgage loan program’s goal is to improve housing standards and conditions.
Two Types of FHA Mortgage Insurance
Mutual Mortgage Insurance
The remaining balance of the loan will be paid by the insurance. In return, over the life of the loan the payment will decrease gradually. The amount will be collected monthly on approved condominiums.
Mortgage Insurance Premium
This insurance has a one time fee of 2.25% of the loan amount. This applies to single family residences and planned unit developments. This fee can be added to the base loan and 100% financed.
Benefits of a FHA Mortgage Loan
There are many great benefits that come with an FHA Mortgage loan that most consumers do not know about. Your down payment can be as little as 3% of the purchase price of your home. Your mortgage loan finance includes the closing cost. You receive a maximum of 1% origination fee, no credit score requirements; you can qualify for a FHA Mortgage loan two years after bankruptcy, or three years after foreclosure.
Our network of lenders have a variety of products to help you refinance your current mortgage into a lower rate and consolidate your other debt. Through our various mortgage refinancing options, you can consolidate all your consumer debt into one convenient payment at a much lower rate.
Debt consolidation has become a flexible solution for homeowners working with a tight monthly budget. On average, each household in the United States carries around $7,000 to $10,000 worth of debt on their credit cards alone. Over 90% of the American family’s disposable income is used to repay past debt, showing that the trend in American spending is not slowing down. With nearly every household in the U.S. carrying some sort of debt, it has become widely accepted and therefore lenders are able to offer a variety of bad credit help in the form of loans to ensure that homeowners have a method of credit repair. With such methods as our Home Solution Program, Mortgage Refinance or a Home Equity Loan, you will be able to handle many issues that bad credit often brings upon the average homeowner.
Home Solution Program
Using our Home Solution Program, you will be able to turn your financial life around and easily pay off the bills you have accumulated over the years. As a debt consolidation loan, you will only need to make one easy, affordable payment each month. With up to 125% LTV available, lower interest rates than your credit card payments, available fixed rate loans, tax deductible interest payments, and loan terms that range from 1-25 years, using this program will eliminate your debt in no time.
Home Equity Loan
Attaining a home equity loan can also prove to be a helpful debt consolidation program with its flexible spending options and credit enhancing features. Essentially, a home equity loan is a loan that is secured against the equity value in the borrower’s home. The loan is available as a line of credit or as a lump sum. Depending on how you want to use the money will decide which type of home equity loan you will need. You can use a home equity loan for debt consolidation purposes as well as medical bill payments, tuition, and home repairs. An advantage that home equity loans offer is that the interest rate charged is often tax-deductible, as long as the loan is used for its primary purpose.
If you are in any type of credit trouble, it is generally ideal to improve your credit as much as possible before applying for any type of loan, especially when it comes to bad credit loans. Take the necessary actions for you to consolidate your debt today!
Call us at (209) 943-6561 to free up your finances starting now!
