\r\n {\" \"}\r\n Welcome to Sun West Mortgage Company, a friendly\r\n mortgage bank doing business in\r\n
\r\n 48 states, DC, Puerto Rico and the US Virgin Islands. Sun West\r\n is your one-stop-shop to buy a
home or refinance a\r\n property, offering a complete line of mortgage products,\r\n including\r\n
\r\n Conventional,{\" \"}\r\n FHA, VA,{\" \"}\r\n Home Improvements and{\" \"}\r\n Reverse mortgages.\r\n
\r\n
\r\n Get Started today by filling out the{\" \"}\r\n
\r\n
\r\n
Buying A Home
\r\n \r\nRefinance Your Property
\r\n \r\nApply Now
\r\n \r\nSee My Loan Status
\r\n \r\n\r\n
\r\n
\r\n
{title}
\r\n {children}\r\nWho We Are
\r\nSun West Mortgage Company, Inc., is a friendly and agile mortgage bank doing business in over 45 states, D.C., Puerto Rico and the US Virgin Islands. The Company's headquarters are in California and Puerto Rico, and it has operations in 48 states in the United States. Sun West Mortgage is your one-stop-shop to buy a home or refinance a property, offering a complete line of mortgage products, including Conventional, FHA, VA, Home Improvements and Reverse mortgages.
\r\n \r\nOur Process
\r\nOur Mortgage Loan Officers (MLO's) will provide orientation and help when you apply and complete your mortgage loan, throughout the process until closing. We will visit your home or office, to make it easier and more customer-friendly.
\r\nCommunity Involvement
\r\nFor over 7 years, Sun West has been part of Puerto Rico's business community and community efforts. The Company prides itself in helping others through its team members, donations and community efforts.
\r\nAfter Hurricane Maria in 2017, Sun West's team joined together to provide food and water to many communities in desperate need after the devastation left by the storm.
\r\nSun West is also involved in helping little league players, with the support of friend and spokesperson Iván \"Pudge\" Rodríguez, an MLB Hall of Fame inductee.
\r\nAbout FHA Mortgage
\r\n\r\n FHA loan programs are established to make it easier to\r\n obtain a mortgage for people who would normally find it\r\n difficult to qualify for a mortgage due to their income\r\n level, credit history, or their ability to put down a\r\n sufficient amount of down payment. If you are a\r\n first-time home buyer or someone who is looking to\r\n refinance from a conventional mortgage, then this may be\r\n the perfect option for you. Sun West Mortgage Company,\r\n Inc. offers a complete line of loan products insured by\r\n the federal government’s Federal Housing\r\n Administration (FHA) including but not limited to FHA\r\n 203(b), FHA 203(k), FHA Manufactured Housing, FHA\r\n Section 184 Indian Home Loan, and FHA Back-to-Work.\r\n
\r\nFHA Mortgage Benefits and Highlights
\r\n- \r\n
- \r\n
{\" \"}\r\n Lower down payment requirements (as little as 3.5% on\r\n most products), with gifts funds eligible for use\r\n towards your down payment.\r\n \r\n - \r\n
{\" \"}\r\n Lower credit scores requirements. Sun West Mortgage\r\n Company, Inc. is able to finance your FHA loan with\r\n less-than-perfect credit scores and a FICO as low as\r\n 500.\r\n \r\n - \r\n
{\" \"}\r\n A higher Debt-to-Income (DTI) ratio is acceptable.\r\n \r\n - \r\n
{\" \"}\r\n Using an FHA 203k loan, upgrade, improve, or\r\n rehabilitate existing and new homes.\r\n \r\n - \r\n
{\" \"}\r\n In some cases, you can use an FHA loan to refinance to\r\n avoid facing foreclosure if you are experiencing\r\n financial hardship.\r\n \r\n
\r\n
FHA 203B
\r\n\r\n The 203B loan is the FHA standard single-family home\r\n loan for the purchase or to refinance a principal\r\n residence. The mortgage loan is funded by a lending\r\n institution, such as a mortgage company, bank, savings\r\n and loan association and HUD insures the mortgage.\r\n
\r\n\r\n\r\n According to the FHA, the borrower must meet…\r\n
\r\n\r\n\r\n The borrower must meet standard FHA credit\r\n qualifications:\r\n
\r\n- \r\n
- \r\n
{\" \"}\r\n The borrower is eligible for approximately 96.5%\r\n financing.\r\n \r\n - \r\n
{\" \"}\r\n The borrower is able to finance the upfront\r\n mortgage insurance premium into the mortgage. The\r\n borrower will also be responsible for paying an\r\n annual premium.\r\n \r\n - \r\n
{\" \"}\r\n Eligible properties are one-to-four unit\r\n structures.\r\n \r\n
\r\n\r\n
FHA 203K
\r\n\r\n This FHA loan option allows homeowners to rehabilitate\r\n their home. The loan may be used for other home\r\n improvement projects such as room additions or making\r\n your home more energy-efficient. This option may be used\r\n both at the time of purchase of a new home or as a\r\n refinance of the existing mortgage.\r\n
\r\n\r\n
FHA 203H
\r\n\r\n This FHA 203H helps victims in disaster areas recover by\r\n making it easier for them to get mortgages and become\r\n homeowners or re-establish themselves as homeowners.\r\n Individuals are eligible for this program if their homes\r\n are located in an area that was designated by the\r\n President as a disaster area and if their homes were\r\n destroyed or damaged to such an extent that\r\n reconstruction or replacement is necessary.\r\n
\r\n- \r\n
- \r\n
{\" \"}\r\n No down payment is required. The borrower is eligible\r\n for 100 percent financing. Closing costs and prepaid\r\n expenses must be paid by the borrower in cash or paid\r\n through premium pricing or by the seller, subject to a\r\n 6 percent limitation on seller concessions.\r\n \r\n - \r\n {\" \"}\r\n
\r\n Insured mortgages may be used to finance the purchase\r\n or reconstruction of a one-family home that will be\r\n the principal residence of the homeowner.\r\n \r\n
\r\n
Streamline
\r\n\r\n A FHA streamline refinance loan helps you lower the\r\n interest rate, mortgage payment, or loan term of your\r\n existing FHA loan, and has less documentation\r\n requirements than traditional programs. Additionally, it\r\n does not require your property to be appraised.\r\n
\r\n\r\n FHA loans help more home buyers to qualify for a\r\n mortgage in order to purchase a home. FHA loans also\r\n make it easier for existing homeowners to lower their\r\n interest rate and/or monthly payments.\r\n
\r\n\r\n\r\n For a list of documents required upon closing, please\r\n click here:\r\n \r\n {\" \"}\r\n CHECKLIST \r\n
\r\n Our licensed and experienced mortgage professionals are\r\n ready to answer any questions that you may have.
\r\n Please call us at{\" \"}\r\n \r\n
About Conventional Mortgage
\r\n\r\n A conventional mortgage or conventional loan is any type\r\n of homebuyer's loan that is not offered or secured by a\r\n government entity, like the Federal Housing\r\n Administration (FHA), the U.S. Department of Veterans\r\n Affairs (VA) or the USDA Rural Housing Service, but\r\n rather available through or guaranteed by a private\r\n lender (banks, credit unions, mortgage companies) or the\r\n two government-sponsored enterprises, the Federal\r\n National Mortgage Association (Fannie Mae) and the\r\n Federal Home Loan Mortgage Corporation (Freddie Mac).\r\n
\r\nConventional Conforming
\r\n\r\n A Conventional \"Conforming\" loan is a loan whose terms and conditions meet the requirements of Fannie Mae and Freddie Mac. These include a limit on the maximum amount to be financed, set annually by the Federal Housing Finance Agency (FHFHA). Currently in Puerto Rico, a loan cannot exceed $726,200 for 1 unit. The Conventional mortgage is the best option for buyers who want the property for investment or as a second home; or for those who want to buy a house with a price greater than $700,000.\r\n
\r\n\r\n Conventional Conforming Mortgage Benefits and Highlights\r\n
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\r\n Must have a credit score of at least 620 and, preferably, well over 700. The higher the score, the lower the interest rate on the loan, with the best terms being reserved for those over 740.\r\n \r\n - \r\n
\r\n DTI allowed according to AUS, i.e, maximum 50%.\r\n \r\n - \r\n
\r\n Mortgage insurance is not required if the down payment is 20% or more.\r\n \r\n
Conventional Non-Conforming
\r\n\r\n Non-conforming loans are mortgages that do not meet the\r\n loan limits discussed above, as well as other standards\r\n related to your credit-worthiness, financial standing,\r\n documentation status, among others. Fannie Mae cannot\r\n purchase non-conforming loans.\r\n
\r\n\r\n\r\n For a list of documents required upon closing, please\r\n click here:\r\n \r\n {\" \"}\r\n CHECKLIST \r\n
\r\n Our licensed and experienced mortgage professionals are\r\n ready to answer any questions that you may have.
\r\n Please call us at{\" \"}\r\n \r\n
About VA Mortgage
\r\n\r\n Guaranteed by the U.S. Department of Veteran Affairs,\r\n the VA loan program is designed to assist both current\r\n active duty military members and veterans. Eligible\r\n borrowers for this program are allowed to borrow at a\r\n higher percentage of the home value and the government\r\n insures the loan.{\" \"}\r\n
\r\nVA Mortgage Benefits and Highlights
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- \r\n
\r\n Available to all active duty military personnel,\r\n veterans, military reserve and National Guard members,\r\n and their surviving spouses if they do not remarry.\r\n \r\n - \r\n
\r\n No down payment required.\r\n \r\n - \r\n
\r\n No monthly mortgage insurance payments required.\r\n \r\n - \r\n
\r\n Available as both fixed and adjustable rate options.\r\n \r\n - \r\n
\r\n Eligible credit scores as low as 500.\r\n \r\n - \r\n
\r\n Ability to finance the VA Funding Fee into the\r\n mortgage.\r\n \r\n - \r\n
\r\n Active duty military members may be eligible to use\r\n certain military entitlements to pay for their\r\n mortgage.\r\n \r\n
\r\n Sun West is here to help you through the application\r\n process to obtain your VA loan and will help determine\r\n if you are eligible.\r\n
\r\n\r\n\r\n For a list of documents required upon closing, please\r\n click here:\r\n \r\n {\" \"}\r\n CHECKLIST \r\n
\r\n Our licensed and experienced mortgage professionals are\r\n ready to answer any questions that you may have. Please\r\n call us at{\" \"}\r\n \r\n
About Home Style® Renovation Mortgage
\r\n\r\n Sun West is the only mortgage bank in Puerto Rico that\r\n offers the HomeStyle® Renovation mortgage, a\r\n government-backed loan that allows qualified borrowers\r\n to add extra money for remodeling or improvements to an\r\n initial home purchase mortgage or a mortgage\r\n refinancing.\r\n
\r\n\r\n Home Style Renovation Mortgage Benefits and Highlights\r\n
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- \r\n
\r\n Available as{\" \"}\r\n \r\n 15- or 30-year fixed-rate mortgages\r\n \r\n , or as adjustable rate mortgages\r\n \r\n - \r\n
\r\n Down payments can be as small as 5 percent, and\r\n borrowers avoid fees and closing costs associated with\r\n taking out a second mortgage.\r\n \r\n
\r\n For a list of documents required upon closing, please\r\n click here:\r\n \r\n {\" \"}\r\n CHECKLIST \r\n
\r\n Our licensed and experienced mortgage professionals are\r\n ready to answer any questions that you may have.
\r\n Please call us at{\" \"}\r\n \r\n
About Reverse Mortgage
\r\n\r\n A reverse mortgage is a loan available to homeowners, 62\r\n years or older that allows them to convert part of the\r\n equity in their homes into cash. The product helps\r\n retirees with limited income, to use the accumulated\r\n wealth in their homes to cover basic monthly living\r\n expenses and pay for health care, or any other need they\r\n may have, as there is no restriction on how reverse\r\n mortgage proceeds can be used.\r\n
\r\n The loan is called a reverse mortgage because instead of\r\n making monthly payments to a lender, as with a\r\n traditional mortgage, the lender makes payments to the\r\n borrower\r\n
Reverse Mortgage Benefits and Highlights
\r\n- \r\n
- \r\n
\r\n Borrower is not required to pay back the loan until\r\n the home is sold or otherwise vacated.{\" \"}\r\n \r\n - \r\n
\r\n Borrower is not required to make any monthly payments\r\n towards the loan balance, as long as they live in that\r\n home.\r\n \r\n - \r\n
\r\n Borrower must remain current on property taxes,\r\n homeowners insurance and homeowner’s association\r\n dues (if applicable).\r\n \r\n
\r\n For a list of documents required upon closing, please\r\n click here:\r\n \r\n {\" \"}\r\n CHECKLIST \r\n
\r\n Our licensed and experienced mortgage professionals are\r\n ready to answer any questions that you may have.
\r\n Please call us at{\" \"}\r\n \r\n
\r\n Sun West Mortgage Company\r\n
\r\n\r\n At Sun West Mortgage Company, Inc., we understand\r\n that every borrower’s needs are different.\r\n Whether you are looking to purchase a home or\r\n refinance your current mortgage, rest assured that\r\n our friendly and knowledgeable staff will assist you\r\n in finding the perfect loan for your home from a\r\n complete line of mortgage products.\r\n
\r\n \r\n\r\n Conventional (One of Our Program Options)\r\n
\r\n5.000% Rate
\r\n5.240% APR
\r\n 10-Year Fixed\r\n4.875% Rates
\r\n5.115% APR
\r\n 15-Year Fixed\r\n5.125% Rates
\r\n5.365% APR
\r\n 30-Year Fixed\r\nReasons To Buy
\r\n \r\nTrusted Finance
\r\n\r\n Sun West Mortgage Company can help you get started,\r\n and we have a complete line of financing options so\r\n you may find a mortgage that best suits you.\r\n
\r\n \r\nInvesting in Your Future
\r\n\r\n Owning your home is the American Dream, and by being\r\n a homeowner, you don’t just invest in your\r\n home but also provide a stable environment to raise\r\n your family.\r\n
\r\n \r\nFeatures & Benefits
\r\n \r\nA Secure Retirement
\r\n\r\n A home can be the ultimate nest egg, providing\r\n you with a great investment for retirement.\r\n
\r\nTax Benefits
\r\n\r\n The many expenses of owning a home—like property\r\n taxes and accounting costs—are tax-deductible.\r\n
\r\nFreedom to Make Modifications
\r\n\r\n Homeownership enables you to live life under\r\n your own rules.\r\n
\r\n\r\n Why You Should Consider Homeownership\r\n
\r\n- \r\n
- \r\n
\r\n The earlier you start homeownership, the earlier\r\n you can start building equity. You will be making\r\n monthly payments regardless of owning or renting a\r\n home, so why give your money to someone else when\r\n you can invest the same into your own home and\r\n future? Start building your home equity today by\r\n owning a home!\r\n \r\n - \r\n
\r\n When market conditions are right, you have the\r\n choice to sell your property and move up to a\r\n bigger place.\r\n \r\n - \r\n
\r\n Owning a home is the smart choice, because you\r\n receive tax benefits and build your credit at the\r\n same time.\r\n \r\n - \r\n
\r\n You may consider buying a home as an investment\r\n property to rent out for additional income.\r\n \r\n - \r\n
\r\n While not many people think about it, your home\r\n allows you to define your life with more freedom.\r\n It’s your own place, design it to suit your\r\n own personality, renovate it for future needs, add\r\n an entertainment room or a guest room for your\r\n friends and relatives, build that beautiful garden\r\n for your family, and make some new family\r\n additions, such as a pet or two. You may not be\r\n able to do most of these with a rented home, can\r\n you?\r\n \r\n - \r\n
\r\n Buying a home early gives you the opportunity to\r\n retire early. Have you ever asked yourself, what\r\n if you keep renting? All of those rental payments\r\n you have made could be put towards your own place.\r\n What if you buy your home much later in life? You\r\n would be working longer before you can pay off\r\n your mortgage.\r\n \r\n
\r\n For a complete list of recently asked questions,\r\n please click here:{\" \"}\r\n \r\n Q&A \r\n
\r\n Our licensed and experienced mortgage professionals\r\n are ready to answer any questions that you may have.{\" \"}\r\n
\r\n Please call us at{\" \"}\r\n \r\n \r\n
\r\n Refinancing Your Current Mortgage\r\n
\r\n\r\n Sun West Mortgage Company, Inc., offers a full line\r\n of refinancing options. Our mortgage experts can\r\n discuss your financial objectives, and recommend the\r\n best option. Whether you need to use your home\r\n equity for a child’s college education,\r\n acquiring a new car, or simply for home improvement\r\n projects, there are options.\r\n
\r\n \r\n\r\n Conventional (One of Our Program Options)\r\n
\r\n5.000% Rate
\r\n5.240% APR
\r\n 10-Year Fixed\r\n4.875% Rates
\r\n5.115% APR
\r\n 15-Year Fixed\r\n5.125% Rates
\r\n5.365% APR
\r\n 30-Year Fixed\r\n\r\n Why You Should Consider Refinancing Your Mortgage\r\n
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- \r\n
\r\n By refinancing, you have the ability to access the\r\n equity of your home through a Cash-Out Refinance\r\n option.\r\n \r\n - \r\n
\r\n Refinance to obtain a new, lower interest rate\r\n through a Rate & Term Refinance option. The\r\n current interest rate may have decreased since you\r\n previously financed your mortgage.\r\n \r\n - \r\n
\r\n Refinancing your mortgage to a lower interest rate\r\n will lower your monthly payments.\r\n \r\n - \r\n
\r\n Refinancing your mortgage with the objective of\r\n debt consolidation will provide you with extra\r\n short-term cash to help pay off your current\r\n credit card bills. Compared to a mortgage, credit\r\n cards usually charge much higher interest rates.\r\n \r\n
\r\n For a complete list of recently asked questions,\r\n please click here:{\" \"}\r\n \r\n Q&A \r\n
\r\n Our licensed and experienced mortgage professionals\r\n are ready to answer any questions that you may have.{\" \"}\r\n
\r\n Please call us at{\" \"}\r\n \r\n
| Documents | \r\nPurchase | \r\nRefinance | \r\n
|---|---|---|
| Identification Documents | \r\n||
| Driver's License | \r\nYes | \r\nYes | \r\n
| Social Security Card | \r\n||
| Income Documents | \r\n||
| Salaried | \r\n||
| Pay Stubs for 2 recent pay periods | \r\nYes | \r\nYes* | \r\n
| Last two years - W2 forms, 1099's | \r\n||
| Last two years - 1040 (Personal Federal Tax Returns) with all supporting schedules. | \r\n||
| Self Employed | \r\n||
| Current year's Year to date Profit and Loss Statement to current month | \r\nYes | \r\nYes* | \r\n
| Last two years - Form 1120S / Form 1065 / Form 1120 Federal Corporate tax returns only with all supporting schedules | \r\n||
| Last two years – K-1's with all supporting schedules | \r\n||
| Other Income | \r\n||
| Retirement Benefit Award letters with proof of 3 years continuance | \r\nYes | \r\nYes* | \r\n
| Social Security Award Letter | \r\n||
| Disability Award Letter | \r\n||
| Divorce Decree, Child Support Order & DES received payment history | \r\n||
| Asset Documents | \r\n||
| Checking / Saving Bank Account Statements: Bank statements for recent two consecutive months | \r\nYes | \r\nYes* | \r\n
| Gift Funds: \r\n
| \r\n Yes | \r\nNo | \r\n
| Retirement Accounts / Stocks and Bonds \r\n
| \r\n Yes | \r\nYes* | \r\n
| Transaction Specific Documents | \r\n||
| Purchase | \r\n||
| Purchase / Sales Contract or Offer to Purchase with all Addenda (Attachments and Enclosures) | \r\nYes | \r\nNo | \r\n
| Copy of the Earnest Money Check and Receipt from the Title / Escrow company\r\n | \r\n||
| Mortgage statements for mortgages associated with other properties owned | \r\nYes | \r\nYes* | \r\n
| Refinance | \r\n||
| Mortgage statements for mortgages associated with other properties owned | \r\nYes | \r\nYes* | \r\n
| Current Mortgage Statement(s) | \r\nNo | \r\nYes* | \r\n
| Homeowner's Insurance Declaration page reflecting annual premium | \r\n||
| Tax Bill / Tax Certificate | \r\n||
| Current Homeowners' Association (HOA) bill | \r\n
Calculators to Help You Decide
\r\nUsing a mortgage calculator is a good way to see what your financing options are and how much you can afford before actually applying for a loan. When you have compared and figured out your options, request a quote, get pre-qualified, get pre-approved, or apply for a Loan; the process is simple. If you have more questions or prefer to speak to a live agent to help you with the numbers, please don’t hesitate to call us at
Fixed-Rate Mortgage Calculator
\r\n\r\n With a fixed rate mortgage, you make the same amount toward your monthly payments in principal and interest for the life of the loan. Find out what your monthly payments will be with various down payment amounts, terms, and interest rates. You will be able to see a full payment schedule with the results.
\r\n\r\nRefinance Calculator
\r\n\r\n With a refinance, you may be able to benefit from savings from a lower interest rate or shorter loan term. But depending on how much or how you would like to refinance, your amount of savings may vary. Use our refinance calculator to get a quick estimate on how much it would cost to refinance your mortgage and whether this option makes sense for you.
\r\n\r\nAffordability Calculator
\r\n\r\n With our affordability calculator, you will have an idea of the price of the home you will be able to afford while considering your monthly personal and home-related expenses. The calculator will tell you if your current income can support the home you want so you can decide whether you should consider a different home or other financing options.
\r\n\r\nRent Vs. Buy Calculator
\r\n\r\n Many first time homebuyers or renters may be wondering if it is overall more or less expensive to buy a home. When comparing renting versus buying a home, there are many variables that must be taken into consideration in order make the right decision. Using our Rent vs. Buy calculator, you will have a better idea whether it makes economic sense to buy and how long you will need to stay in your purchased home in order to realize the benefits.\r\n
\r\n\r\nBiweekly Payment Calculator
\r\n\r\n With increased myth and misconceptions associated with biweekly mortgage payments, we are offering this calculator as a tool to help our borrowers compare their mortgage payment options. While this calculator is geared more towards current homeowners with an existing mortgage, it can also be useful for new borrowers. Before using this calculator, we suggest reading about the Biweekly Payment Option Explained in order to understand the various biweekly payment options available.
\r\n \r\nGeneral Questions
\r\nMost types of mortgages require a minimum amount of down payment, except for VA and USDA (RURAL) programs. You may also be eligible for down payment assistance programs that can help you towards minimum down payment requirement on some of the loan programs.
\r\nOn Conventional Mortgages, your lender will require you to pay a Private Mortgage Insurance (PMI) premium as part of your monthly payments if you put down less than 20% of the purchase price of the property.
\r\nThere are government loan programs available with less stringent down payment requirements as well, such as an FHA loan that will require only a 3.5% down payment, but again, these programs also require mortgage insurance premiums.
\r\nYour mortgage interest rate is dependent upon a number of factors, including, but not limited to your credit score, size of down payment, loan purpose, occupancy, LTV ratio, and DTI ratio. Different mortgage products have different guidelines that may also indirectly affect what rates you can get.
\r\nThe base interest rate in the market is determined by the secondary market through competing U.S. Treasury bonds, the price of which is determined by the market demand. All these factors combined will determine what interest rate you will get for your mortgage at a particular time. When you are ready to secure your interest rate during your mortgage application, you should contact your licensed loan officer to go over the lock process in more detail.
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Lender fees \r\n Origination fee \r\n Discount points \r\n Third party service fees for appraisal, credit report, flood certification, etc. \r\n Title and escrow / attorney charges \r\n Transfer / intangible / mortgage tax as required by the city, state, etc. \r\n Per diem interest \r\n
The lender is required by law to provide to you a preliminary estimate after you submit your application.
\r\nThere are a few insurance types that are required when you get your mortgage, and each has a unique purpose.
\r\n- \r\n
- Private Mortgage Insurance (PMI): This is an insurance coverage that your lender will require you to purchase if your down payment is less than 20% of the loan amount. The purpose of this insurance is to protect the lender’s investment on the loan. This is generally paid from your escrow account each month and is collected together with your monthly mortgage payment. \r\n
- FHA Mortgage Insurance: This mortgage insurance serves the same purpose as a PMI, but has a different name because it is charged by your lender for taking out FHA government insured loans when you do not meet LTV requirements. You will be required to pay a portion as an upfront premium during closing, plus a monthly amount. \r\n
- Hazard Insurance: It is homeowner’s insurance required by the lender to protect their investment against damage to the property, before the loan is paid in full. Note that a separate Flood Insurance may be required in certain areas, in addition to Hazard Insurance. \r\n
- Title Insurance: Just as the name suggests, Title Insurance is indemnity insurance purchased to protect the property title. The title insurance protects against title defects and any possible lawsuits against it due to documentation deficiencies or lien claims. It is important because it protects both the lender and borrower’s interests. \r\n
The term escrow can refer to two things: the escrow process or an escrow account. The escrow process is an important part of the mortgage origination where a third party company is assigned to keep control of all funds and documents for all parties (seller, buyer, lender) in the transaction. Funds are sent to the escrow company to be processed and verified, and the escrow company, upon disbursement, prepares a settlement statement summarizing the distribution of funds and the terms of your mortgage.
\r\nAn escrow account usually refers to an account for a mortgage by a lender to hold funds that will be used to pay towards property taxes and insurance, including mortgage insurance. The payments made from an escrow account will be shown in your monthly mortgage statements, so you don’t have to worry about managing these payments separately.
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\r\n {/* */}\r\n \r\n\r\n {parser(angelaidisclaimer)}\r\n
\r\n ))}\r\n \r\n : \"\"}\r\nPlease read these TERMS AND CONDITIONS OF USE carefully. By using LowRatesUS.com website or a related website (the "Site") belonging to Sun West Mortgage Company, Inc. (“Sun West”) or one of its subsidiaries, you hereby agree to these TERMS AND CONDITIONS OF USE. If you do not agree to these TERMS AND CONDITIONS OF USE, please do not use this site.
\r\nSun West reserves the right at its discretion to change these TERMS AND CONDITIONS OF USE at any time without notice. Your continued use of this website after the change of TERMS AND CONDITIONS OF USE shall constitute your acceptance to agree to any such changes.
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- COPYRIGHT: All information displayed, transmitted or carried on the Site (including, but not limited to, text, photographs, news articles, opinions, reviews, trademarks, service marks and the like, collectively the “Content”) is protected by international copyright and other intellectual property laws. The Content is owned by Sun West, its affiliates or third party licensors. Any use of the Content, including but not limited to, modification, distribution, reproduction, republication, transmission, posting, reposting, transfer, uploading, duplication or selling without the prior written permission of Sun West is strictly prohibited. You may make a single copy of the Content displayed on the Site for your personal, informational, noncommercial offline use only, provided the Content is not modified in any way and all copyright and other notice on any copy are retained. The use of any such Content on any other website or network computer environment is prohibited. \r\n
- DISCLAIMER: Sun West disclaims all warranties, express or implied, including but not limited to, implied warranties of merchantability or fitness for a particular purpose. Sun West does not represent or warrant that materials on the Site are accurate, complete, reliable, current, or error-free. Sun West does not represent or warrant that the Site or its server(s) are free of viruses or other harmful components. \r\n
- LIMITATION OF LIABILITY: In no event shall Sun West or its affiliates, licensors, employees, agents or contractors be liable to you for any damages or losses, including but not limited to, direct, indirect, special, consequential, incidental or punitive damages resulting from or caused by the Site, its public posting web boards, its content or any errors or omissions in its content, even if advised of possibility of such damages. \r\n
- HYPERLINKS: As a service to users of the Site, we include links to other sites and Sun West has no control over and makes no representations of any kind regarding the content or appropriateness of content on such sites, and you hereby irrevocably waive any claim against Sun West with respect to such sites. \r\n
- SUBMISSIONS: You acknowledge that by submitting messages or materials, including but not limited to, posting or email, to Sun West, you automatically grant Sun West a perpetual, royalty-free, irrevocable, non-exclusive right and license to use, reproduce, modify, adapt, publish, translate, create derivative works from and distribute such materials or incorporate such materials into any form. \r\n
- TERMINATION: Sun West may, in its sole discretion, terminate, cancel or suspend your right to access to all or part of the service at the Site for any reason, at any time without notice. Upon termination, you must destroy all materials obtained from the Site, and all copies thereof, whether made under this TERMS AND CONDITIONS OF USE or otherwise. \r\n
- MISCELLANEOUS: 1. Sun West reserves the right to change, remove or modify any and all content contained on the Site at any time without notice. 2. You agree to report any copyright violations of the TERMS AND CONDITIONS OF USE to Sun West as soon as you become aware of them. In the event you have a claim of copyright infringement with respect to material that is contained in the Site, please notify us. (
Contact Us ) \r\n - AUTHORITY: The only persons authorized to enter into contracts on behalf of Sun West Mortgage Company, Inc. are the company's President and Chief Executive Officer. You may call our corporate office at +1 (800) 453-7884 or e-mail contracts@swmc.com to verify the execution of any contract. \r\n
- RECORDING: Phone calls between you and any representatives of Sun West Mortgage Company, Inc. shall be recorded and monitored for quality assurance and training purposes. \r\n
Conventional 10 Year Fixed
\r\n Important disclosures, assumptions, and information\r\nThe interest rate shown is with no points for a 10 year fixed, \"no cash-out\" refinance loan and assumes a minimum FICO score of 740 with a maximum loan-to-value ratio of 80% on a primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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Conventional 15 Year Fixed
\r\n Important disclosures, assumptions, and information\r\nThe interest rate shown is with no points for a 15 year fixed, \"no cash-out\" refinance loan and assumes a minimum FICO score of 740 with a maximum loan-to-value ratio of 80% on a primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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Conventional 30 Year Fixed
\r\n Important disclosures, assumptions, and information\r\nThe interest rate shown is with no points for a 30 year fixed, \"no cash-out\" refinance loan and assumes a minimum FICO score of 740 with a maximum loan-to-value ratio of 75% on a primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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FHA 15 Year Fixed
\r\n Important disclosures, assumptions, and information\r\nThe interest rate shown is with no points for a 15 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 96.5% on a purchase of an owner occupied single family residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs.
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FHA 30 Year Fixed
\r\n Important disclosures, assumptions, and information\r\nThe interest rate shown is with no points for a 30 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 96.5% on a purchase of primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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VA 15 Year Fixed
\r\n Important disclosures, assumptions, and information\r\nThe interest rate shown is with no points for a 15 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 100% on a purchase of an owner occupied single family residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs.
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VA 30 Year Fixed
\r\n Important disclosures, assumptions, and information\r\nThe interest rate shown is with no points for a 30 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 100% on a purchase of primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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USDA 30 Year Fixed
\r\n Important disclosures, assumptions, and information\r\n \r\nThe interest rate shown is with no points for a 30 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 100% on purchase of a primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
\r\n\r\n \r\n HOME\r\n \r\n
\r\n\r\n \r\n ABOUT US\r\n \r\n
\r\n\r\n LOAN PROGRAMS\r\n
\r\n\r\n Conventional Loans\r\n
\r\n\r\n FHA Loans\r\n
\r\n\r\n \r\n Renovation and Construction Loans\r\n \r\n
\r\n\r\n VA Loans\r\n
\r\n\r\n Reverse Mortgage\r\n
\r\n \r\n\r\n RESOURCES\r\n
\r\n\r\n Home Buyers Guide\r\n
\r\n\r\n Refinancing Guide\r\n
\r\n\r\n Mortgage Calculators\r\n
\r\n\r\n Documents Needed\r\n
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\r\n \r\n TEAM\r\n \r\n
\r\n\r\n TALK TO US\r\n
\r\n\r\n FAQ\r\n
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\r\n ADDITIONAL PAGES\r\n
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\r\n Terms & Conditions\r\n
\r\n\r\n Disclaimer\r\n
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The interest rate shown is with no points for a 10 year fixed,"no cash-out" refinance loan and assumes a minimum FICO score of 740 with a maximum loan-to-value ratio of 80% on a primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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The interest rate shown is with no points for a 15 year fixed, "no cash-out" refinance loan and assumes a minimum FICO score of 740 with a maximum loan-to-value ratio of 80% on a primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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The interest rate shown is with no points for a 30 year fixed, "no cash-out" refinance loan and assumes a minimum FICO score of 740 with a maximum loan-to-value ratio of 75% on a primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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The interest rate shown is with no points for a 15 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 96.5% on a purchase of an owner occupied single family residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs.
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The interest rate shown is with no points for a 30 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 96.5% on a purchase of primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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The interest rate shown is with no points for a 15 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 100% on a purchase of an owner occupied single family residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs.
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The interest rate shown is with no points for a 30 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 100% on a purchase of primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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The interest rate shown is with no points for a 30 year fixed and assumes a minimum FICO score of 680 with a maximum loan-to-value ratio of 100% on purchase of a primary residence. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Sun West Mortgage Company, Inc. Rates shown is based on a 45-day lock-in period. Not available in all states. Rates are subject to change daily without notice. The borrower may choose to apply for a loan with (1) other fee options in which points and/or fees are charged to obtain a lower interest rate, or (2) higher rate to obtain a credit towards certain eligible closing costs. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
\r\nAttractive mortgage rates without compromise in service. Complete customer satisfaction is our No. 1 goal!
\r\n *Does not apply to Puerto Rico.\r\n \r\n { returnArray[0] ? returnArray[0][1]: null }
\r\n { returnArray[0] ? returnArray[0][2]+\" EST\": null } \r\n \r\n
| Program | \r\nRate | \r\nAPR | \r\nPoints | \r\nAssumptions | \r\n
|---|---|---|---|---|
\r\n Conventional\r\n 80% LTV, 740 FICO, Primary Occupancy, No Cash Out\r\n | \r\n ||||
![\"LR](\"https://d2w24n4g34usfg.cloudfront.net/lowratespr/images/LowRates-IconAsset4-8.png\") \r\n 10-Year Fixed\r\n | \r\n \r\n { Number(returnArray[0][3]).toFixed(3)+\"%\" }\r\n | \r\n\r\n { Number(returnArray[0][4]).toFixed(3)+\"%\" }\r\n | \r\n\r\n 0.0000\r\n | \r\n\r\n View\r\n | \r\n
| 15-Year Fixed | \r\n \r\n { Number(returnArray[1][3]).toFixed(3)+\"%\" }\r\n | \r\n\r\n { Number(returnArray[1][4]).toFixed(3)+\"%\" }\r\n | \r\n\r\n 0.0000\r\n | \r\n\r\n View\r\n | \r\n
| 30-Year Fixed | \r\n \r\n { Number(returnArray[2][3]).toFixed(3)+\"%\" }\r\n | \r\n\r\n { Number(returnArray[2][4]).toFixed(3)+\"%\" }\r\n | \r\n\r\n 0.0000\r\n | \r\n\r\n View\r\n | \r\n
\r\n FHA\r\n 96.5% LTV, 680 FICO, Primary Occupancy, Purchase\r\n | \r\n ||||
| 15-Year Fixed | \r\n \r\n { Number(returnArray[3][3]).toFixed(3)+\"%\" }\r\n | \r\n\r\n { Number(returnArray[3][4]).toFixed(3)+\"%\" }\r\n | \r\n\r\n 0.0000\r\n | \r\n\r\n View\r\n | \r\n
| 30-Year Fixed | \r\n \r\n { Number(returnArray[4][3]).toFixed(3)+\"%\" }\r\n | \r\n\r\n { Number(returnArray[4][4]).toFixed(3)+\"%\" }\r\n | \r\n\r\n 0.0000\r\n | \r\n\r\n View\r\n | \r\n
\r\n VA\r\n 100% LTV, 680 FICO, Primary Occupancy, Purchase\r\n | \r\n ||||
| 15-Year Fixed | \r\n \r\n { Number(returnArray[5][3]).toFixed(3)+\"%\" }\r\n | \r\n\r\n { Number(returnArray[5][4]).toFixed(3)+\"%\" }\r\n | \r\n\r\n 0.0000\r\n | \r\n\r\n View\r\n | \r\n
| 30-Year Fixed | \r\n \r\n { Number(returnArray[6][3]).toFixed(3)+\"%\" }\r\n | \r\n\r\n { Number(returnArray[6][4]).toFixed(3)+\"%\" }\r\n | \r\n\r\n 0.0000\r\n | \r\n\r\n View\r\n | \r\n
\r\n USDA\r\n 100% LTV, 680 FICO, Primary Occupancy, Purchase\r\n | \r\n ||||
| 30-Year Fixed | \r\n \r\n { Number(returnArray[7][3]).toFixed(3)+\"%\" }\r\n | \r\n\r\n { Number(returnArray[7][4]).toFixed(3)+\"%\" }\r\n | \r\n\r\n 0.0000\r\n | \r\n\r\n View\r\n | \r\n
\r\n {parser(angelaidisclaimer)}\r\n
\r\n ))\r\n }\r\n\r\n\r\n \r\n Sun West Mortgage Company, Inc. NMLS ID 3277\r\n
\r\n State Licenses\r\n
\r\n Licenses can be verified at:{\" \"}\r\n \r\n {\" \"}\r\n www.nmlsconsumeraccess.org{\" \"}\r\n \r\n \r\n
\r\n \r\n In all jurisdictions, the main licensed location of Sun\r\n West Mortgage Company, Inc. is 18303 Gridley Rd., Cerritos, CA 90703,\r\n Phone: (800) 453-7884.\r\n \r\n
\r\n| State | \r\nLicense Description | \r\n
|---|---|
| {license.state} | \r\n{parser(license.licenseDescription)} | \r\n