We pride ourselves on offering some of the lowest rates nationwide and make the loan process simple, straightforward and fast for borrowers seeking a mortgage in the Elk Grove area. Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt, the highly experienced team of mortgage brokers here can help you take that first step toward a financial solution.
The ArmCor Home Loans team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
The ArmCor Home Loans team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
Services
A Mortgage Refinance is when a borrower gets a better interested rate and loan term. There are several pros and cons of refinancing a mortgage and we can help determine if this is right for you. A borrower can achieve lower monthly payments and if they qualify, use their equity to obtain money that can be spent by the borrower.
Conventional loans are mortgage loans offered by non-government sponsored lenders. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. Conventional loans offer flexible paying options. Other than the typical 30 year term, borrowers can select 15 or 20 year terms if they want to pay off their loan sooner.
FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA). Primarily, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.
A VA Loan is Designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice.
Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. They are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans.
Reviews (3)
Noleen Dass
Oct 05, 2021
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Armando Cornejo really helped us!! He preapproved us and within a week we were able to find a house ( something we really liked). The paperwork process was also fast. We closed on our house in less than 30 days!! Definitely would recommend Armando! And if you are fast in responding/ providing him paperwork, might close on your dream house faster.
Mono Delgado
Aug 19, 2021
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I would like to give a big THANKS to Armando Cornejo. We’re in the middle of a pandemic and yet were able to close escrow. He and his crew worked to get me the lowest rate. I received timely updates when I didn’t understand something. I couldn’t be more pleased with the services provided. I recommend Armcor Home Loans.
C. Wells
Aug 22, 2020
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I've had Armando run my loans twice now, and both times the process was professional, calm and very straight forward. He makes sure you know what's needed, he does not apply pressure, and he really makes the process flow very easily. See you next year Armando, I've got one more house to buy..........
