JP Rai, Answer Home Loans
Direct: (916) 920-1000
NMLS # 281663
Work with me and pay No Lender Fees!
When you work with me, you pay No Lender Fees! Many other lenders charge all sorts of fees, some of which are real fees incurred, and others are bogus fees (AKA "Junk Fees"). Charging No Lender Fees is just one of the ways I bring huge value to my borrower clients !
|Other Lenders Charge:||When you work with me:|
|Credit Report Fee: $120||Credit Report Fee: $0|
|Appraisal Fee: $600
||Appraisal Fee: $0*|
|Origination Fee: $3,500||Origination Fee: $0|
|Processing Fee: $500||Processing Fee: $0|
|Underwriting Fee: $900||Underwriting Fee: $0|
|Verification of Employment Fee: $200||Verification of Employment Fee: $0|
|Miscellaneous "Junk" Fees: $500||No Junk Fees|
|Total Lender Fees: $6,320||Total Lender Fees: $0|
* Based on $350,000 Loan Amount. Appraisal fees are paid upfront by the homebuyer. I will credit this fee back to you as a Lender Credit on your closing statement.
I'm JP Rai, and I've been helping buyers obtain home loans in the greater Sacramento Area for nearly 25 years. I've worked as an underwriter for some of the bigger banks, including Wells Fargo, earlier in my career. I now focus exclusively on residential loan origination, and on finding the right programs, and the Best interest rates for my clients, in order to help them achieve maximum success with their real estate goals. Win-win solutions, a positive forward outlook, and long-term relationship-building are the pillars of my business.
Did you know?
Did you know there's a program that can help lower your down payment to almost Zero ("$0") dollars? The CalHFA 3% Down Payment Assistance Program (DAP) helps qualified first-time homebuyers in California purchase a home with as little as 1% out-of-pocket!
Example: Home Price is $350,000
1% of $350,000 = $3,500 out-of-pocket!
Not a first-time homebuyer? Not to worry! Are you simply looking to get the lowest interest rate possible, with No Lender Fees? Take Advantage of a special program we offer, which lets you lock in your interest rate as low as 4%! Yes, right Now, in our "current" market!
How to get a 4% Interest Rate in TODAY's Market
The 2-1 Buy-down Program is one of our most popular loan programs. Here's how it works:
Example: Home Price $450,000
Standard interest rate for a Conventional 30 Year Fixed Mortgage: 6%
In this example, if the interest rate you would normally expect to pay for a conventional 30 year fixed home loan is "6%," by using the 2-1 Buy-down Program, instead of paying 6% from day 1, with this program, you would only pay 4% for the first year as shown below.
With the 2-1 Buy-down program, your interest rate would be:
Year 1 - 4%
Year 2 - 5%
*At year 3 when the interest rate reverts to 6%, you would then be locked into that rate for the remaining life of the loan. Note: You can refinance into another loan at any time, so a strategy maybe homebuyers use is to refinance at Year 2-3, when interest rates are lower again.
Shop "Smartly" for the Best Interest Rate!
I have direct access to over 100 banks nationally, and I can shop the best rate for you, saving you the time, money, and unneeded credit inquiries! Fact: when a home buyer reaches out to 5 different lenders, the buyer will submit 5 "separate" applications and receive 5 hard inquiries on their credit...ouch! But, when you let me shop the rate for you, your credit will only be pulled once, saving you from unnecessary credit inquires (which lower your score). I can send the "same" application to 10 different banks, to secure the Best interest rate for you, with No need for additional credit pulls!