Profile
I enjoy helping families live the dream of homeownership. It is very satisfying & fulfilling to walk the first-time homebuyer through the process of getting a mortgage. Tracy is a Great lender for VA & FHA Loans. There’s nothing like saving a seasoned homeowner money by refinancing the mortgage they already have to lower the interest rate, too! I’ve been in the mortgage industry for 25 years and cannot imagine doing anything other than what I do. Great lender for VA & FHA Loans.
WHY STOCKTON MORTGAGE
We’re big enough to compete with the big guys but have the personal touch of a small team.
- Competitive low rates As a Fannie Mae & Freddie Mac seller/servicer and having access to private investors, we have the flexibility to compete on interest rates.
- Faster closing times With a dedicated in-house underwriting team by the time other companies get past the red tape, we’re already at the closing table.
- Loan officers in your neighborhood We’re always extending our reach. Use your location to find a Stockton location nearest to you.
FHA Loan
Why is it different from other mortgages?
This loan is not funded by FHA but instead is funded by your mortgage lender and insured by Federal Housing Administration (FHA). In order to secure the guarantee of FHA, qualified borrowers are required to purchase mortgage insurance— and premium payments are made to FHA. So your mortgage lender takes on less of a risk since FHA will pay a claim if you default on the mortgage.
VA Loan
Why is it different from other mortgages?
While, this loan program does not require a down payment, similar to the RHS loan, it is unlike the RHS loan in that mortgage insurance is not required. The reason why your lender can offer these favorable loan terms- no down payment, no mortgage insurance, and lower credit score requirements than many conventional products- is because it is backed by the VA. Meaning your mortgage lender takes on less of a risk since the VA will pay a claim if you default on the mortgage. That being said, the VA has its own set of appraisal guidelines that the property must meet; dependent on the property this means a water test or a pest inspection may be required.
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