We have been in business for 35 years. Our objective has always been to help individuals achieve an affordable mortgage and acquire personal loans. Our staff has access to numerous lenders throughout California. Daily we research the market for quality loan terms that meet our standards and satisfy Mitus Mortgage clients.

               We have said from day one...

                                            "We provide loans to people...Not numbers!"

 

Apply by mail, online or by calling us for an appointment. To support the loan process & ensure a smooth 30 minute  online approval, we need your... wTax returns wW2's wPaystubs wBank statements

The following are ordered... wCredit report wAppraisal wPreliminary title report     We provide a   Good Faith Estimate of fees!

Lender rates, terms & fees Subject to change without notice. The current rate is quoted on your GFE, it is not guaranteed. You may lock your rate at anytime during the loan process.   wWe keep you informed of the market trends

Following submission to the lender...The underwriter will evaluate all information, specify conditions and issue an online approval. wLoan documentation drawn wSignatures wReturned for funding    Generally, your  property will record the  day after funding.

POINTS: Mitus Mortgage DOES NOT charge points of any kind on the loans we process, unless the borrowers want to pay points to obtain a lower rate.  Many brokers charge 1-3 points for each loan. These points may be called an "origination fee" a "discount fee" or "application fee." When Mitus Mortgage quotes a rate of 6.0% @ 0 points, there are no additional points charged. At 0 points Mitus Mortgage is being paid with a rebate from the lender. This amount does not come out of the funds from the borrowers. Many brokers will quote the same rate but will add the hidden fees as "points" and receive the rebate also. In essence they are making twice as much.

CREDIT SCORES: All "A" lenders require a FICO score above 620 in order to approve the loan. The FICO score is determined by the credit history of the applicant (number of open accounts, amounts due, late payments, collections, judgments, liens, etc.) and summarizes--in a number form--- the relative likelihood that an individual will pay back a loan or default. Scores are based on data from 3 credit agencies: Beacon, Fico and Empirica. If the FICO is low, the loan may need to be approved by a "B-C" lender. It is possible to run the same credit report on 3 different days and have 3 different scores. If you are shopping for a loan it is not advisable to have each one run you a credit report because it can affect your FICO scores.

AVAILABLE LOANS

Finance | Property Investment | Subprime Loan | Mortgage Loan | Manufactured/Modular Home Loans| FNMA | FHLMC | Refinance | Commercial Loan

Fixed Rate | ARM | Conforming Loan | Jumbo | Construction & Construction to permanent

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