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It’s exciting buying a property, and we are excited to help you with the financing. If you are either buying the property for you and your family, or for investment purposes, here is some information that should help you understand what’s out there in terms of products:
If you are buying the property for yourself or your family then:
- 0% – You can buy a property with zero down if you are an eligible veteran
- 3% – FHA loan or Fannie Mae or Freddie Mac’s program.
- 5% to 15% – Typically require you to obtain mortgage insurance or you end up with an interest rate that is effectively a little higher.
- 20% – the amount required to avoid mortgage insurance on a fannie mae or freddie mac type of loan.
If you are purchasing a residential property for investment purposes then:
- 15% – is possible through an institutional lender if you have a credit score or 700 or higher.
- 20% – is possible through an institutional lender if you have a credit score or 600 or higher.
- 500 – This is what is typically referred to as, Non-prime, and would likely require 35% down-payment, and would be offered at a higher than normal interest rate.
- 600 – This score opens the door to GSE type loans like FHA and Va loans.
- 620 – Is usually the score needed to get a fannie, Freddie Mac type loan.
If you are purchasing the property for investment purposes, underwriting guidelines for Credit Scores are not as formulated, but factor in to the investor’s analysis of the property and the terms they are willing to offer.
If you are purchasing a home for yourself then you must show your ability to repay your loan. That is typically based on a 43% debt-to-income ratio. There are some products that will go as high as a 50% debt-to-income ratio.
If you are purchasing a home for investment purposes then the ability of the property to pay the potential mortgage and related property expense is analyzed instead of your ability to make the payments.
Get a Lower Rate
If you had bad credit when you got the loan or have a higher rate, refinancing will help you lower the rate.
Cash Out Equity
If you have big expenses or major purchases, doing a cash-out refinance may be a great idea. You will however need lot of equity and cash-out refinance will have a rate higher than a regular refinance, but it may still be a much less expensive than borrowing from some where else or breaking into your retirement nest.
Move to a Shorter Term
Moving from a 30 Year Fixed to a 15 Year Fixed could be one of the best financial decisions. Even if you have a rate which is below the current market rates, moving to a 15 Year Fixed can save you hundreds or thousands of dollars. However, you should qualify and should be comfortable with a higher payment.
Move to a Longer Term
Sometimes, it’s the other way around. You got into a short-term mortgage to save on interest cost. But because of changed circumstances, you cannot service the steep payments. In that case moving from a 15 Year Fixed to a longer term like 20, 25 or 30 Year mortgage may be a better idea. You will save on your monthly payment and get the breathing room that you are looking for.
Move From ARM (Adjustable Rate Mortgage) to Fixed Rate Mortgage
If you have had an Adjustable Rate Mortgage and are getting worried about the future rise in rates, moving to a Fixed-rate mortgage (FRM) may be a good idea. This is recommended if you plan to keep the mortgage for a while. Locking in a low fixed rate for the life of the loan could give you some peace of mind.
Eliminate your Mortgage Insurance (MI) Premium
Has your home’s value gone up? If you have 20% equity in your home it’s time to get rid of the pesky mortgage insurance.
$150,000 to $5,000,000
60 months to 360 months
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Invest in a Business
- Business Working Capital
- Primary Residence Purchase
- Personal Use
- Tenant Occupied 100%
- Tenant Occupied Partial
- Owner Occupied Commercial
- Owner Occupied Residential
Minimum Occupancy Percentage
Property Types and Loan Types
- Residential Property
- 2-4 Units Residential
- Single Family Residence
- Residential Owner-Occupied
Specialty Loan Types
- Residential Non-Prime
Junior Lien Loan Amounts
$100,000 to $5,000,000
Junior Lien Loan-to-Value
Junior Lien Loan-to-Cost
We Fund Junior Position Loans
Junior Lien Types
Max Loan-To-Purchase Price0%
Borrower Must Have Property Under Contractno
Will Provide Proof of Funds Letterno
Will Consider Lending on Purchase from Auctionno
Details and Requirements
Typical Closing Time (Days)30
Fastest Closing Time (Days)10
Pre Payment Penalty
Will lend to a foreign national
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgageyes
Will Consider Collateralizing Multiple Properties in One Loanyes
Will Consider Equity Joint Venture
Borrower Entity Types Considered
- Limited Partnership
- Non-Profit Corporation
- Credit Report
- Bank Statements
- Loan Application
Personal Guaranty (Recourse) RequiredAlways
Credit Check Requiredno
Appraisal Required for Residential PropertySometimes
Broker Price Opinion (BPO) Accepted for Residential PropertyNever
Typically needed and depends on the transaction size.
Typically needed and depends on the the loan amount.
Depends on the property type, location, speed of the appraisal.
Fees which are mandatory for all new borrower clients
- Processing Fee
- Escrow Fee
- Title Fee
Fees which are charged upfront prior to loan closing
- Appraisal Fee
Fees which are paid to a third party company
- Appraisal Fee
- Escrow Fee
- Title Fee
N A Nationwide Mortgage, a California Corporation is located at 26361 Crown Valley Pkwy., Suite 100, Mission Viejo, CA 92691. (949)588-8453 Fax (949)340-8051. Unique Identifier NMLS #32417 www.nmlsconsumeraccess.org. N A Nationwide Mortgage Service Mark @1998. All rights reserved. Real Estate Broker – CA Bur of Real Estate #01247594, Performing activities for which a license is required. Colorado Responsible Individual Darin Bradshaw #100040193. Florida Mortgage Broker License #MBR178. Oregon Mortgage Lending License #ML-3166. Virginia Lender License #MC-5843. Washington Broker License #510-MB-26268.
Noelle Wheeler President,; Broker NMLS 32388 & 32417 CA BRE Broker #01125188 Nationwide Mortgage is a full-service mortgage company based in Mission Viejo, Orange County. They offer all loan types of real estate secured mortgages for consumers and investors. These products range from Fannie Mae type loans, Non-Prime for credit challenged borrowers, and self employed borrowers, to investment purpose and Hard Money Loans. Founded in 1997 by President, and CEO Noelle Wheeler. From humble beginnings, the company was launched from the 2nd bedroom and nursery of her apartment in Newport Beach, California. Wheeler quickly grew her network of loan officers, processors, branches and states licensed in. Their operation grew in leaps and bounds. In 2004 they purchased a 8,200 square foot building in Mission Viejo, California where the main office currently operates out of. Today they funded about $4 Billion in loans. The three most important principles that have contributed to Nationwide Mortgage’s success have been: Integrity: That means treating every Borrower, Co-worker and Business partner the way you want to be treated. Technology & Efficiency: Harnessing the latest technology and staying ahead of the curve is a key component of making our loan process efficient. When you have a well oiled machine you can pass that savings on to your borrower. Service: Our borrower’s are our life blood. Without them we are nothing. From the moment they “Step in the door”, whether that be in our main office, through a phone call, or email, we aspire to make the loan experience as pleasurable and efficient as possible. To exceed expectations is our goal every time.
Nationwide Mortgage has funded over $4 Billion in mortgage loans. We are a full service-mortgage company based in Mission Viejo, Orange County, California.
We are a one-stop-shop of loans secured by real estate. Our products range from Fannie Mae, VA, FHA, to Alt-A, Non-Prime, Private Lending and Hard Money Mortgages.
Our staff of mortgage professionals are dedicated to providing exceptional service, with some of the best pricing in the market. Get in touch with us today, and let us help you achieving your financial goals.
CA DRE Broker Lic. 01247594, NMLS ID 32417
Company Size (Number of Employees)
- American Association of Private Lenders - Private Lender
- California Mortgage Association - Member
Office LocationsCorporate Office in Orange County
26361 Crown Valley Parkway #150, Mission Viejo, California 92691
Los Angeles Branch Office
4435 Circleview Blvd, Los Angeles, California 90043
Alternative Capital Sources
- Individual Investors
Percentage of company’s lending business focused on private mortgage
Company’s Other Business Activities Besides Private Mortgage Lending
- Residential Mortgage Brokerage
- Residential Mortgage Banking
Percentage of Loans Secured by Residential Property
Percentage of Residential Property Loans Which are Owner-Occupied
Percentage of Loans Secured by Land
Total Number of Loans Funded to Date
Total Loan Volume Funded to Date
2017 Number of Loans Funded
2017 Loan Volume Funded
President | BrokerB. Tech Arch. Sc.
A Canadian native, Noelle attended Ryerson Polytechnic Institute in Toronto where she obtained a Bachelor of Technology in Architectural Science. In 1990 she moved to Southern California and got her start in the mortgage industry. When the construction market was in a down-turn she ventured in to the mortgage industry as a loan processor. She worked for a few companies including DiTech. After several years of processing, she moved on to underwriting mortgage insurance for MGIC, and GE Capital. She then spent a number of years analyzing the risks of Fannie Mae type loans with Coast Federal Bank and Countrywide Home Loans, among others. She also had the opportunity to do post funding audit reviews which helped to round out her underwriting experience. In 1994 she obtained her Mortgage Broker License and in 1997 started Nationwide Mortgage. Over the last 16 years Noelle has been running the company with the assistance of exceptional people with aligned objectives of providing exceptional service. Nationwide Mortgage currently employs over 30 loan officers, 10 processors, and is licensed in California, Colorado, Oregon, Washington, and Virginia. Since its inception Nationwide has funded over $3 billion in mortgage loans. Historically the company has focused on conventional, FHA, and VA loans. After years of running her company Noelle realized there was a need to provide funding to borrowers that were outside of the standard conventional lending guidelines. At that point Noelle expanded Nationwide to add a Private Lending division that focuses primarily on funding loans for investors. She is also an accomplished pianist who enjoys yoga and snowboarding.License Information
CA Bureau of Real Estate, Broker - 01125188
Florida Mortgage Loan Originator License - LO29466
Oregon Mortgage Loan Originator - 32388
Mortgage Loan Originator - MLO-32388
NMLS - 32388
Paul is originally from Sao Paulo, Brazil but has lived in California for the majority of his entire life. He has 18 years of mortgage experience and expertise in the following loan products: refinance, purchase and jumbo loans. Paul’s education includes attending Cal Poly Pomona and he is fluent in English, Portuguese and Spanish. His business affiliations include the following: Orange County Association of Realtors, National Association of Realtors, California Association of Realtors and the Mortgage Bank Association. Paul likes being in the mortgage industry because he likes helping people improve their financial situation. When Paul is not working he enjoys spending time with his family and pets, as well as keeping up with the latest political news.License Information
Cal BRE Broker - 01231128
Colorado Mortgage Loan Originator - 100507045
Florida Mortgage Loan Originator - LO41285
Oregon Mortgage Loan Originator - 32417
Virginia Mortgage Loan Originator - MLO-33108VA
Washington Mortgage Loan Originator - MLO-228880
NMLS - 228880
A super smooth process.
A super smooth process. Our loan officer Paul Balla kept us informed through every step of our loan process. We also saved hundreds of dollars a month on our mortgage. We couldn’t be happier! Thank you Nationwide Mortgage
Orange County, California
...Went back to Nationwide and closed in 3 weeks
I started the process with Nationwide but then got a phone call from my current bank saying they would match my refinance. I figured I would just stay where I was and went with my "big bank". Three months later I walked from the closing table because nothing was what I was told it would be. Went back to Nationwide and closed in 3 weeks with lower rate and less costs. NEVER SHOULD OF LEFT!!!
Definitely made this easy for me and are completely friendly.
They have been excellent in the entire process. Definitely made this easy for me and are completely friendly. They work hard to make sure everything runs as smooth as possible with less stress or headaches for the customer to deal with. Thanks again!