As a California based VA Approved Direct Lender focused exclusively on CA transactions, Merchants specializes in quick, thorough approvals to help your offer get accepted in this extremely competitive market. Our interest rates are the lowest in the industry. Specializing in VA transactions, we close purchases in 14-15 days - we are VA experts.
For a VA eligible borrower seeking to refinance an existing mortgage, we offer 2 excellent programs with incredible interest rates. If your current loan is VA, then you may qualify for our streamline refinance program (also known as the IRRL). This program requires no income documentation, no appraisal and most of the time no closing costs.
For a VA eligible borrower seeking to refinance an existing mortgage, we offer 2 excellent programs with incredible interest rates. If your current loan is VA, then you may qualify for our streamline refinance program (also known as the IRRL). This program requires no income documentation, no appraisal and most of the time no closing costs.
Services
Need refinancing options on a home, or other real estate? Choosing a refinance product that matches your goals and making sure you get the best rate for your given scenario can feel like playing whack-a-mole. We're here to make the home refinance process a whole lot easier, with tools and expertise that will help guide you along the way, starting with a FREE refinance analysis request.
In 1944, the U.S. government created a military loan guaranty program to help returning service members or their surviving spouses (provided they do not remarry) purchase homes. The result is VA Loan, which is a mortgage loan issued by approved lenders and guaranteed by the U.S. Dept of Veterans Affairs.
Through dedicated service to our country, military service members and veterans qualify for a range of benefits earned through their service. Chief among those benefits is an opportunity to take part in theVA Home Loan programa mortgage option that provides the opportunity for qualifying veterans to purchase a primary residence without putting any money down towards the sale price of the home.
The VA Funding Fee is paid directly to the Department of Veteran's Affairs and is the reason they can guarantee this no-money-down loan program. This fee is paid so that VA eligibile borrowers can enjoy loan benefits such as $0 down financing and no mortgage insurance (PMI) payments. The Funding Fee is calculated by looking at 4 different factors: Loan type (Purchase or Refinance), type of service, down payment (if any) and prior VA loan use.
The Department of Veterans Affairs guaranteed nearly 630,000 loans in 2013, setting an all-time high. TheVA Loan programis the most powerful home loanprogram on the market for veterans and military families. These flexible, government-backed loans come with significant benefits that open the doors of homeownership toveteranswho might otherwise struggle to obtain financing.
Reviews (7)
Kerry Vermeer
Feb 05, 2022
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As a Bay Area Realtor I ONLY go to Bill Marshall and Shelley for my VA clients. Bill is the only one in the area that can close in 15 days and in this hot market...it's a must, and gets my clients VA offer accepted time and time again. No need to shop around for a VA lender, Bill and Shelley get it done EVERY.SINGLE.TIME! They will always be my go to!!!
Tyler Dennison
Feb 05, 2022
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I recently used Merchants Home Lending for my first home purchase using the VA Loan and my experience was top-notch! The team's communication was incredible and they helped remove the anxiety that comes with a home purchase by making sure I fully understood all of the required paperwork, providing consistent updates, and helping me weigh all of my options.
Shelly, in particular, deserves major credit for her work to help get my loan closed in under 30 days! Thank you!!!
I cannot recommend them enough, especially for military families and veterans!! Please consider using Merchants as a lender
Shelly, in particular, deserves major credit for her work to help get my loan closed in under 30 days! Thank you!!!
I cannot recommend them enough, especially for military families and veterans!! Please consider using Merchants as a lender
Chris Declercq
Apr 29, 2021
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Really good smaller office that takes their time with laying out everything for you and making sure you understand the entire purchasing/refi process. Purchased and refinanced my home via Merchants and the quality of service was exemplary throughout, while being able to find extremely low rates to boot. Thanks Bill and Clark for all the hard work!
Denise Reese
Dec 17, 2019
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We purchased our first home 3 years ago and it was the smoothest transaction ever. We quickly outgrew that home with a cute little addition to the family, and needed to buy and sell our home at the same time. Bill was so organized the first time around, so my husband and I thought it was best to work with him again. We are glad that we did. Not only did we get a better interest rate, we were able to buy and sell and close on our new home within 2 days of selling. I highly recommend any military family in California to work with Merchants!
David Jennings
Sep 19, 2019
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Marie Silva
Jul 19, 2018
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Andrew Isaev
Nov 17, 2017
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I am very grateful that my first home buying experience was closely connected with Merchants Home Lending - it was awesome! Bill and Karen made this process as smooth and painless as possible.
It is a very responsive and responsible team of experts. I have got clear answers on all my questions (as a first time home buyer I had tons of them) very quick and even after-hours. I got a very good rate and we closed the escrow in about 3 weeks. I highly recommend this reliable and knowledgeable team! I'll surely choose them again when I need it!
It is a very responsive and responsible team of experts. I have got clear answers on all my questions (as a first time home buyer I had tons of them) very quick and even after-hours. I got a very good rate and we closed the escrow in about 3 weeks. I highly recommend this reliable and knowledgeable team! I'll surely choose them again when I need it!
