at 4080 Truxel Rd Suite 150, Sacramento, 95834 United States
Metropolitan Home Mortgage is a direct lender and handles the entire loan process in-house from origination to close of escrow.
Welcome to opportunity! Metropolitan Home Mortgage (MHM) is a residential mortgage lending company licensed in 18 states. Since our founding in 1993, we have been instrumental in helping many thousands of homeowners and investors with their unique financing needs. When processing a purchase transaction, there is one goal in mind – satisfy the loan contingency date on time, meet the close of escrow date no matter what and, most importantly, proactively manage the process so that all parties are kept abreast of the progress of the loan. No surprises, no last-minute changes. Our highly-skilled underwriters process the vast majority of our loans and only use investors’ underwriting support on an as-needed basis for unusually complex scenarios -- transactions that in many cases might not even be considered by other lenders. Once a loan is approved, it quickly moves to our funding department where our doc-preparers draw final loan documents and set up each loan to fund and close in-house, on time. The entire MHM loan process has been carefully designed to be remarkably efficient of time and costs. While most lenders in the mortgage industry offer parity products and programs with a similar range of rates, the primary benefit of working with MHM is our ability to immediately manage and solve almost any unforeseen or unusual lending request or situation quickly, efficiently and effectively. All rights reserved.© 2013. Metropolitan Home Mortgage, Inc. is an Equal Housing Lender. NMLS #3290.
207 FB users likes Metropolitan Home Mortgage Nor Cal, set it to 14 position in Likes Rating for Sacramento, California in Bank/financial services category
Did you know that seniors can purchase a home using a Reverse Mortgage? YES they can! They don't have to buy a home with all cash. They can save more of that money to ensure liquidity for retirement. And best of all they don't have a monthly mortgage payment! Imagine the impact that has on their monthly cash flow. Ask us how
Tip of the Week: USDA Lots of changes going on with the USDA Single Family Loan Program with a new underwriting handbook that goes into effect on 9-1-14. Please post below if you’d like to meet with me to discuss some of the updates—most of them clarify a lot of rules and are really good for your USDA buyers!
Tip Of The Week: Verifying “large deposits” has always been a sore spot when it comes to underwriting the loan. Fannie has changed the rule to state that a “large deposit” is considered to be 50% of the borrowers’ gross monthly income. In addition, if there is a large deposit AND the money is not needed to close the loan, the money does NOT have to be verified. This is a huge change. Post below for more details.
TIP OF THE WEEK: FHA will require a property inspection on a HUD REO foreclosure for any undisclosed repairs not listed on the HUD REO appraisal. If any discrepancies, HUD may consider a renegotiation of the sales contract. Post below if you’d like more details.