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Home > Financial Services > Mortgage Brokers > Sierra Pacific Mortgage
Sierra Pacific Mortgage
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Since 1986, they have gained a reputation built on technology, pricing, on-going training and purpose driven Customer Service. Sierra Pacific Mortgage is headquartered in Folsom, California and has Regional Centers throughout the United States.
At Sierra Pacific Mortgage, they offer you a wide array of documentation types including Full, Stated, No Ratio and No Doc. 100 percent financing 80/20 is available on Full Doc and Stated Income programs. The 100 percent Stated Income to 750,000 dollars is available on both purchase and rate/term options and SPM extends the Interest Only feature to you on all ARM products.
A wide array of Adjustable Rate Mortgages in 6 month, 3/1, 5/1, 7/1 and 10/1 loan are offered to you and your company. The Interest-Only feature is available on all of Sierra’s Adjustable Rate Mortgages products and their Deferred Interest loan's start rate is currently set at 1.0 percent.
A new component to their product menu is their Subprime with 100 percent 80/20 financing on Full Doc to 580 Credit Scores and 100 percent Full Doc combos to 500,000 dollars. Their subprime products also feature No Cash Out limits for loans with Loan to Values 80 percent and below.
Both their Fixed and Rate / Term loans are available as 6 month, 3/1, 5/1, 7/1 and 10/1 option. You will also find loans 80 percent and below are available to 1,000,000 dollars and Sierra's Super Jumbo loan extends to 4,000,000 dollars.
Sierra Pacific Mortgage goal is to continually assist you, their client base, to achieve higher goals through their technology and client driven efficiencies.
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