Government Loans

FHA – is the most common Government residential loan. However, the government doesn’t actually lend this money. They insure the money for the lenders to thru HUD. Thru this insurance HUD allows lenders to relax their lending guidelines. This allows lenders to offer competitive rates to borrowers that don’t have “A” credit or borrowers that don’t have any credit.

These loans can be used for a variety of different purposes. Ranging anywhere from 1st time homebuyer to home purchases that also include financing of renovations on a home.

  • Down payment as low as 3 ½%

  • Can be used with credit scores as low as 500 fico

  • Fixed and adjustable rate options

  • Owner occupied loans only

  • Works with various down payment assistance programs

  • Relaxed credit requirements

  • Can use non-traditional credit

  • Can be used to purchase a home as soon as 3 years after foreclosure or short sale

  • Ability to lower interest rates with no appraisal stream line refinances

  • Cash out Refinances available

  • Loan amounts up to $679,650

  • Does require upfront and monthly mortgage insurance


VA – Are loans that are offered exclusively to US veterans and thier spouses. This is a wonderful government sponsored program that aids our veterans into becoming homeowners. VA loans have a variety of fixed rate and adjustable loans. All with extremely competitive rates. In some cases lower rates than conventional conforming loans.

  • Up to 100% down payment

  • Very competitive rates

  • Veterans and spouses of veterans only

  • No monthly Mortgage Insurance

  • Upfront Mortgage Insurance is waived if veteran is disabled

  • Benefit can be used more than one time

  • Owner Occupied only

  • Eligible borrowers can purchase a home again only 1 year after a short sale or 2 years after a foreclosure

Our experts at Sierra Reverse Mortgage love to help our veterans by placing veterans in these loans!

Contact Us

Bryan Wild, Branch Manager


3430 Robin Ln, Ste 9C

Cameron Park Ca 95682

DRE #: 1266745

NMLS#: 26361

Direct:     (530) 677-5484

Direct:     (800) 361-9357

Cell:         (925) 788-8949

eFax:       (888) 651-2607

Please like us on Facebook and Yelp

Steve Samuelson


Fax : 888.651.2607

DRE #: 00995394

NMLS #161692

Sierra Home/Reverse Mortgage is a dba of Professional Mortgage Associates, California Bureau of Real Estate, Real Estate Broker 01902537, NMLS 815819