Welcome to Home Loan Wholesale, the Directory Listings of the Best Home Loan Lenders, Mortgage Companies and Brokers offering Great Home Loan Rates Across the Country! Our Online Service was developed to Help You Find the Best Home Loan Rates and Terms by City, County and State. The Home Loan Wholesale Directory will connect you with the Best Lenders from California to New York.
There are still great rate home loans available for consumers visiting our home mortgage rate directory for conforming loan, FHA mortgage & VA home loans with fast refinance quotes or to finance a new home loan from a trusted lender offering wholesale discounted interest rates online.
Find out why Thousands of homeowners return to Home Loan Wholesale to finance new home loans and to refinance bad credit mortgages and credit lines. Lock a low rate mortgage, refinance, purchase, or qualify for a home equity loan.
Consumers visit our home loan mortgage rate directory for conforming and FHA and get the best home loan rates and fast refinance quotes or to finance a new home loan from a trusted lender offering wholesale discounted interest rates online. Find out why Thousands of homeowners return to Home Loan Wholesale to finance new home loans and to refinance bad credit mortgages and credit lines. Lock a low rate mortgage, refinance, purchase, or qualify for a home equity loan.
Choose from conventional, FHA, VA and sub-prime mortgage products. Home Loan Wholesale offers the best interest rates for both first and second mortgages with our 100% mortgage rate guarantee! Fannie Mae and FHA came together with HUD and the US Congress to set temporarily increased loan limits for 2008. The new FHA home loan limits will be raised to $729,000 in higher cost regions of the country. For increased fundings, HLW recommends internet leads or Direct Mail Advertising for mortgage lenders and home loan brokers that are serious about improving internet mortgage marketing.
Home Mortgage Lender Directory
Use our specialized mortgage directory to locate and connect with any of the participating mortgage brokers and lenders online.
Hard Money Mortgage Lenders - Directory of private money lenders for poor credit and foreclosure prevention.
Sub Prime Mortgage Lenders - Directory of non prime mortgage lenders for bad credit refinance and purchase programs.
Alt-A Mortgage Lender Listings - Profiles of alternative mortgage lenders for stated income and limited equity scenarios.
High LTV Mortgage Lender Listings - Directory of high equity lenders who offer 2nd mortgages and refinance loans for borrowers lacking available home equity.
Option ARM Mortgage Lender Listings - Search the directory of mortgage bankers and lenders who provide negative amortization home loans.
Prime Mortgage Lender Listings - Directory of mortgage lenders who specialize in A paper and prime interest rate loans for borrowers with excellent credit.
Home Equity Lender Listings - Directory of second mortgage lenders who offer stand-alone home equity loans and credit lines.
Home Construction Mortgage Lender Listings - Directory of home construction finance companies who provide constructions loans, bridge financing and credit lines for funding home improvements.
Get Connected with Wholesale Mortgage Lenders who can offer you better loan products. Our clients come to us to facilitate their lending needs for refinancing and purchase.
The mortgage market is changing - ARM yourself with the best loan programs so you can compete in this evolving marketplace.
Sub-Prime Home Lending Update: Bad Credit Loan News
With several major sub-prime mortgage lenders going out of business, the focus has shifted to default prevention with banks across the country react to a heavy credit crunch. Recent reports found that consumers with bad credit loans were more likely to default on their home loan. According to Bridge Financial, "consumers that have adjustable rate payment option loans have lower credit scores because their 1st mortgage balance has exceeded the original loan amount with the added principal from the negative amortization."
How to Shop for Home Equity Loans and Credit Lines
Home equity loans, also known as second mortgages, are popular ways for home owners to draw equity from their homes for various reasons. There are two types of second mortgages: the home equity line of credit (HELOC) which is a variable rate loan, and a closed-end home equity installment loans (HEIL) which is generally a fixed rate loan with fixed monthly payments.
Check out the Home Equity Mart for secure credit lines and more.
Home equity lines of credit typically offer interest-only payment options during the draw period (typically the first 5 - 10 years) that turns into a regular amortizing adjustable rate mortgage (ARM) during the repayment period. While there's typically no pre-payment penalty, many home equity credit lines do charge close out fees - fees charged for paying off and closing the line early (typically within the first 3 - 5 years). Closed-end home loans are lump-sum loans that require the borrower to immediately start making monthly amortizing principal and interest payments on the loan. They typically do not have pre-payment penalties or close out fees.
Will Brokers and Lenders Running My Credit Affect My Credit Score When I am Shopping for an Equity Line of Credit or Home Loan?
The myFICO web site explains it this way: Looking for a mortgage or an auto loan may cause multiple lenders to request your credit report, even though you're only looking for one loan. To compensate for this, the score ignores all mortgage and auto inquiries made in the 30 days prior to scoring. So, if you find a loan within thirty days, the inquiries won't affect your score while you're rate shopping. In addition, the score looks at your credit report for auto or mortgage inquiries older than 30 days. If it finds some, it counts all those inquiries that fall in a typical shopping period as just one inquiry when determining your score. An Illinois mortgage lender representing Woodfield said, "The credit score dictates the rate the borrower will qualify for. If the borrower has a high credit score then it's likely they will qualify for the best home loan rates available in the industry."
That doesn't leave you much room to shop, does it? However, there are ways around it. Before you even start talking to home loan lenders, you should get a copy of your credit report from each of the three main credit reporting agencies.
Credit reports are critical for lenders to evaluate your ability to repay loans. The mortgage industry has been using fico score reporting for decades. Keeping your credit scores high is one of the best ways to ensure low interest rates.
Equifax: (800) 685-1111
Experian -formerly TRW: (888) 397-3742
Trans Union: (800) 916-8800
Why Are Negative Amortization Home Loans Under Scrutiny?
The Feds and numerous consumer groups have been pressing hard to mandate new lending laws for option arm and negative amortization loans. Their goal is to require additional loan disclosures for homeowners interested in these alternative home financing programs. The default rate on the payment option loan has been very high and most loan companies are not willing to take the risk on this loan program.
At this time mortgage brokers and lenders are required to present potential borrowers loan disclosures, but many people feel that it is not enough to educate consumers of the potential pitfalls. Whether you are considering a 1st or 2nd mortgage, ask for a loan with a simple interest amortization.
Tips for Comparing Mortgage Lenders and Brokers Online
Searching for a home loan online is an excellent way to get started in the important process of finding the right home loan for your needs. Finding a lender or mortgage broker locally or finding a reputable lender nationwide is considerably easier if you utilize the internet.
Different brokers offer different products depending on their specialization. If you have great credit and an excellent source of income, then you should have an easy time shopping for a prime mortgage broker. You should investigate FHA and VA loan programs to see if you qualify and maybe even look at an option ARM lender.
Fixed Rate Principal and Interest. This involves structuring the mortgage so that interest is fully amortized over the scheduled re-payment terms. Each monthly payment pays a portion off accrued interest and the outstanding loan balance decreases with each payment.
Negative Amortization. This involves structuring the loan so that interest is not amortized over the term. Instead, the monthly payment is insufficient to pay off accrued interest and the outstanding loan balance therefore increases each month. At the end of the loan term, the borrower may owe more than the amount originally borrowed. With negative amortization, there will almost always be a balloon payment at the end of the loan.
FHA Home Refinancing Offers Consumers Secure Loans
Millions of homeowners have been searching for a refinance loan solution online that will help them escape from their adjustable rate mortgage that is attached to a rising payment out of the borrower's budget. FHA introduced a secure home loan that is designed to help prevent foreclosures with fixed rate refinancing options that are offered only to homeowners who have a variable rate ARM that the shows no late mortgage payments prior to the adjustment period. To get better acquainted with fixed rate solutions, check out the website for Home Loans and FHA.
Featured Home Loan Wholesale Blog Articles
What Are the High Loan Limits with Fannie Mae in 2013?
Each year Fannie Mae sets the conforming limits.
More People Seeking Cash Out Loans in Orange County
With property values finally rebounding, consumers in Southern California are looking for the best methods to access money.
Illegal Mortgage Leads from Executive of a Countrywide Financial Corp - Quality real-time mortgage leads are hard to come by these days with so many unscrupulous lead brokers.
What are the Real Costs of "No Cost Mortgages"
With rates so low, more and more borrowers are choosing a no cost home loan. Is it cost effective in the long run to pay a higher rate for no lending costs or fees?
Marty Gold, the managing mortgage broker who recently worked with FHA Home Loan Services recently said, "Credit scores are like liquidity to homeowners."
$700 Billion Bailout – Is it a good idea for the Mortgage Industry? - Homeowners are looking for help with Foreclosure Prevention . "There is a risk that there will be bank failures to come," said Vincent R. Reinhart, former director of the Federal Reserve's monetary affairs division.
California Mortgage Rates Rise – Don't panic, because home mortgage rates in the "Golden State" are still more affordable than they have been in decades. Just a few weeks ago California home loan rates hit a new record lows at 4.375% on a 30 year fixed mortgage. The current mortgage rates in California have crept up slightly for conventional, FHA, VA and jumbo home loans.
VA Home Loans – Active military and Vets have a significant advantage with the VA mortgage programs. The VA streamline refinance product enables borrowers to get a quick low cost refinance. VA home loans allow 100% home financing and refinancing as well.
Home Loan Advice
Zero Down Home Loans
VA home purchase loans are the only simple 100% financing options today. Anytime the housing market slows, rental prices generally start rising, making it very difficult for prospective home buyers to save up for a 10% or 20% down payment on a home. But, home buying does not need to be considered beyond your reach just because you can't afford the down payment.
You can get a "No Money Down" home loan, also known as a 100% 1st mortgage or 80-20 home mortgage. Why is it called an 80-20 loan? Because it typically entails a first mortgage for 80% of the purchase price and a piggyback second mortgage for the 20% down payment. Although the first mortgage is usually a fixed interest rate loan, it could also be an adjustable rate mortgage (ARM) with the rates remaining fixed for anywhere from 3 to 10 years. The piggyback second may be a fixed rate, ARM, variable rate credit line or even an interest only loan.
*Please be advised that 100% financing is not easy to qualify for. Discuss your info with a home loan lender to understand if you are eligible for a "no money down mortgage."
Home Remodeling Loans
Learn How to Get Cash Out Refinance and build a new pool or remodel your home!
The 80-20 loan can be used for a conventional home purchase (a home priced within the $417,000 Fannie Mae and Freddie Mac loan limit) or to split up a jumbo home loan--a loan for an amount higher than the Fannie Mae and Freddie Mac limit. These government home refinance loans can get cash out for bill consolidation or even be used for financing a second home. Get new FHA mortgage refinance loans
Premier Wholesale Loan Programs
Find out which Mortgage Lenders have the latest loan programs that can help you increase you mortgage volume. Home Loan Wholesale will help you find a lender for every possible niche.
100% Home Financing
Home Loan Wholesale wants to help expand your loan products to help your business grow. If you can offer your clients more loan options, you will keep your base happy while increasing your referral business as well. If you are a military veteran we recommend VA mortgage products for home refinancing.
How Fannie Mae Defines Jumbo Home Mortgages
Fannie Mae announced that the maximum conforming loan limits would remain at the limits set in 2006: $417,000 for one-unit properties for most of the U.S. Limits for multi-unit loans for 2007 is still as follows: two-family loans $533,850, three-family loans $645,300, and four-family loans $801,950. The home loan limit for second mortgages also remains unchanged at $208,500. The maximum amounts for one-to-four-family mortgages and second mortgages in Alaska, Hawaii, Guam and the U.S. Virgin Islands are still 50% higher than the limits for the rest of the country.
Home Refinancing with Cash?
What this means is that the amounts for a jumbo home mortgage also remains unchanged. Loan amounts above the limits stated in the previous paragraph are considered jumbo loans. Loans above $650,000 are considered super jumbo loans. At one time, these loans were quite rare, but they are becoming more and more common. For example, one in four homes sold in California were priced at $1 million or above, and many were financed through super jumbo loans. Jumbo loans and super jumbo loans are non-conforming home loans due to the amounts.
Set up a credit line with a 2nd mortgage loan that that offers you more payment options with monthly choices for fixed and interest only mortgage payments.
Find out if you are eligible for a government or subprime house loan now!
Can't get approved for an equity loan? Try debt settlement for alternative debt relief.
Citi Mortgage Reports Less Applications as Rates Tick Up -
Hispanic Business Online reported that 3rd-party house loan servicing ended the 2nd quarter at $177.9 billion. Citi expanded their portfolio from $175.8 billion but the servicing portfolio has decreased from the same quarter of last year.
The report also revealed that 30-day delinquency, excluding VA and FHA house loans, completed last month at 7.5%. This fell slightly from the same month last year.
Buy a New Home with a FHA home loan designed for new home buyers!
Refinance your home loans and get cash back at closing!
Home Loan Wholesale is your source for the latest home buying news straight from the industry insiders.
Sub Prime Loans
Hard Money Loans
Prime Home Equity
Prime 2nd Mortgage
Sub Prime 2nd Mortgage
1st-2nd Combo Loans
VA Home Loans
FHA Home Loans
Bad Credit Mortgages
Interest Only Home Loans
Home Loan Niches
Modular Home Loans
Jumbo Mortgage Loans
Shop & Compare Mortgage Loans and Rates with valuable lending tips from participating lenders and brokers who are offering wholesale loan products at the Home Loan Wholesale.
Home Loan Wholesale, your source for the best refinancing programs in 50 states. We will help you find the latest mortgage refinance programs with fixed, variable, interest only, and negative amortization rate options for rate and term or cash back.
Home Loan Wholesale can help you locate a Second Mortgage Lender if you need a quick home equity loan without refinancing your 1st mortgage. Our 2nd mortgage products will help you get cash for home improvements, education, investments and bill consolidation.
Let our Lenders and Brokers help you find the perfect 2nd mortgage programs with fixed rate or revolving credit line options.
The Mortgage Brokers and Lenders who participate with Home Loan Wholesale offer affordable fixed rate financing. In some cases getting a new mortgage can provide credit rehabilitation with timely payments.
If you had a bankruptcy in the past or are currently trying to refinance out of a foreclosure due to late mortgage payments, give the Sub-Prime Mortgage Companies a chance to get you approved quickly.
Many sub-prime loan brokers have begun shifting their loan programs to government home lending such as FHA and VA home loans that still allow poor credit scores for many homeowners.
Mortgage lenders and brokers should participate in our new lending blog.
Check out new loan info at the Home Loan Blog.