Built on a Strong Foundation of Experience and Customer Service
Loan Options
Conventional Loan
Conventional loans are for buyers who want a basic standard loan. It is designed for primary residences, second homes, and investment properties. It requires a minimum credit score of 620 and a minimum down payment of 3% to 5%.
FHA Loan
FHA and VA loans are both types of government-backed mortgages. They are designed for those with less-than-perfect credit or those with a higher debt-to-income ratio.
FHA requires a minimum credit score of 580 and a minimum down payment of 3.5%.
VA Loan
FHA and VA loans are both types of government-backed mortgages. They are designed for those with less-than-perfect credit or those with a higher debt-to-income ratio.
VA requires a minimum credit score of 580 and no down payment required
Refinance/Home Equity/2nd Loan
A Refinance loan is replacing your old mortgage with a new one. This can be done to reduce your interest rate/payment. take cash out of the equity, and remove a person from the mortgage. shorten or lengthen the terms of your loan and more.
A 2nd mortgage/home equity can be added to your home to get cash from the equity. Equity is the difference between what you owe on your mortgage and what your home is currently worth.
Down Payment Assistance Loans
Down payment assistance loans are available for First Time Homebuyers [FTHBI. You are considered a FTHB if you have not had an ownership interest in any principal residence or resided in a home owned by a spouse during the previous three years.
There is a minimum credit score of 640 and income limitations apply per county.
Mobile Home Loans
Mobile or Manufactured homes require special financing if you do not own the land the unit is on and have to lease the land or pay a Space Rental fee.
It requires a minimum credit score of 680 for 5% down payment and with
No credit score or low for 35% down payment
Our Loan Process
Step 1 - Pre-Approval
STEP 2: SHOP
Start working with a real estate agent and viewing homes.
STEP 3 - LOAN PROCESSING
Assemble all the necessary paperwork and details for the underwriter.
STEP 4 - CLOSING
Documents are drawn and sent to the title company for closing.
What To Avoid When Going Through The Mortgage Process
- Don’t change employers or quit your job.
- Don’t take on additional long-term debt, such as buying a car or furniture for your new home.
- Don’t increase your use of credit cards or fall behind on any payments.
- Don’t change financial institutions.
- Don’t co-sign on any new credit or loans.
- Communicate with your Mortgage Broker as we will help you navigate the situation at hand.
Frequently Asked Questions
How can I find out how much home I qualify for?
- You can use our online application to connect with a mortgage broker and find out approximately how much you can borrow before you start shopping for a house.
- Once you have that number, you can provide more information and allow your mortgage broker to run your credit report to verify your assets and income.
- Your mortgage broker can also help you obtain a complete written credit approval, subject to an appraisal, before you make an offer on a house.
What is needed to start my loan application?
- Submit loan application form online
- Proof of identity
- Employer and income verification
- Proof of Address
Is there anything I shouldn’t do before I get prequalified?
- Don’t start shopping for a new home until you’ve been prequalified.
- Don’t pack or ship any important documents, such as tax returns, bank statements, paystubs, and W-2s.
Is there anything I shouldn’t do while I’m getting prequalified?
- Don’t suddenly pay off all your debts.
- Don’t apply for new credit cards.
TCS Mortgage Brokers Inc.
NMLS 2102525
CA DRE CORP License #02144463
Equal Housing Opportunity
our address
2680 N Tracy Blvd Ste 1, Tracy CA 95376
our email
(209) 407-4288 Talk or Text