Mortgage Questions, Answered

We lend nationwide. PRMG is licensed in 49 states plus Washington, DC - everywhere except New York. Our home branch is in Sacramento, California, but most clients work with us remotely with file uploads, e-signatures, and video calls. Wherever you're buying, we can likely help.

Yes. Our branch is at 1545 River Park Drive, Suite 400, Sacramento, CA 95815, open weekdays 8:00 AM - 5:00 PM. Call (916) 732-2340 or schedule a visit. Out-of-area clients are served remotely nationwide.

The full greater Sacramento region - including Sacramento, Roseville, Elk Grove, Folsom, Woodland, and Davis - plus Placer, El Dorado, Yolo, Solano, Sutter, Yuba, and San Joaquin counties, and buyers nationwide.

Less than most buyers think. FHA allows as little as 3.5% down, conventional first-time buyer loans start at 3%, and VA or USDA can be $0 down for eligible borrowers. Down payment assistance programs (CalHFA, GSFA, Chenoa, NJHMFA, and 200+ nationwide) may cover much of the down payment plus part of closing costs. Try the buying power calculator to see your numbers.

FHA can start as low as 580 with 3.5% down (some programs lower). Conventional loans typically want 620+, and VA usually 580-620 depending on the lender. Higher credit means a better rate and lower mortgage insurance. Before you apply, we can review your profile and suggest quick moves that often raise a score 20-60 points within a billing cycle.

Affordability is driven by income, monthly debts, credit, and down payment. Use our affordability and payment calculators for an estimate, then get a real pre-approval - usually same-day - which tells you your true budget and makes your offer competitive.

DPA is a set of state, county, city, and lender-funded programs that help cover down payment and closing costs. Eligibility depends on income, location, credit, and first-time buyer status (which usually just means you haven't owned in 3 years). Use our free DPA Finder to search 200+ programs by your area - no credit pull.

Yes. Self-employed borrowers, 1099 contractors, and investors can qualify with bank statement loans (12-24 months of deposits), 1099-only programs, DSCR loans (rental cash flow), P&L-only, and asset-based options. Tax write-offs don't have to disqualify you - see all Non-QM options.

It depends on your credit and down payment. With strong credit you may prefer conventional (PMI can be removed as you build equity). With lower credit or a smaller down payment, FHA often prices better. We run both side by side for you.

VA loans are for eligible veterans, active-duty service members, and many surviving spouses - often $0 down with no monthly mortgage insurance. Most include a one-time funding fee (waived for those with a service-connected disability), and the benefit can be reused. We help you obtain your Certificate of Eligibility.

Pre-approval is usually same-day. From accepted offer to closing typically runs 12 to 21 days, depending on property type, appraisal turn time, and how quickly you return documents. Self-employed and Non-QM files may take a few extra days.

It depends on the math, not the headlines. When rates drop, prices typically rise as more buyers compete - so waiting can mean a similar payment while you miss appreciation and equity. Waiting makes sense if you're rebuilding credit or stabilizing income. Use our Buy Now vs Wait calculator to model your scenario.

The #ChampionsofLoans Team is part of Paramount Residential Mortgage Group, Inc. (PRMG), NMLS #75243; Branch NMLS #1858803; Branch Manager Ken Clark Jr., NMLS #225375. PRMG is licensed in 49 states. Verify any license on NMLS Consumer Access.