Information about the professional:

Joey Garcia has been a dedicated Real Estate Loan Consultant for many years.
His financial expertise has helped many locals fulfill their dream of owning a piece of
California Real Estate.  Prior to joining the mortgage industry, Joey worked with the
Boys & Girls Clubs of America (non-profit agency).  As a Director for the B&GCA Joey helped
provide many families with the proper tools needed to nurture a child/young adult.
Working with the youth was very rewarding and made it extremely difficult to make
the transition into the real estate industry. Helping people with their real estate transactions
proved to be just as rewarding. Now, instead of receiving hugs and thank you cards from
club members, letters from satisfied clients are being received, expressing the joy of working
with a true Real Estate Finance professional.

Program Of The Month: FHA
 
This program has been set up to help current home owners and first time homebuyers qualify 
for a secured loan. As a home owner, FHA helps to stabilize payments by placing the borrower 
into a more affordable loan. In most cases the payment is much lower and the rate is fixed.
 
As a first time homebuyer the program assists the borrower in obtaining a low down payment 
loan (3%). FHA also allows for gifting of the down payment from outside sources. The program 
also provides flexibility in regards to credit (fico scores). Excellent to no credit is acceptable 
depending on the borrowers situation. Sometimes simply explaining the reason behind having 
low credit is enough to qualify.
 
Other Finance Options Available:
 
VA (Veteran’s Administration)
* This program Provides excellent financing for any Military personal/Veteran.
* 100% Financing (*Based on appraised value) 
* Purchase/Refinance 
 
Traditional Financing
· 40 year fix (Interest Only Available) 
· 30 year fix (Interest Only Available) 
· 15 year fix (Interest Only Available) 
· 2 , 3 & 5 year Adjustable Rate Mortgages (ARM)
 

*Rates continue to be low 

Final Thoughts:

So why should anyone get an FHA loan?
If the client doesn’t qualify for or can’t afford a conventional loan (prime or subprime), it is
possible that he/she would qualify for an FHA loan, since FHA loans have:

Þ No credit score requirements

Þ Lower down payment requirements

Þ Low closing costs

Þ Lower monthly mortgage insurance

Þ Special discounts for certain individuals

"Providing You With Quality Service At A Reasonable Price"