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Mailing Address

VITEK Mortgage Group
Corporate Office
3 Parkcenter Drive
2nd Floor
Sacramento, Ca 95825
Toll Free: (800) 570-5300

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Customer Login - Coming soon!

You will be able to log in for up-to-the-minute updates on your loan in process and easily submit needed documentation to us to help ensure a faster transaction for you. This new state-of- the-art communication system will also support our efforts toward complete paperless transactions and helps us further our Think Green initiatives!

FHA

FHA

FHA home loans are a great option for many homebuyers and homeowners looking to refinance!

FHA home loans are a great option for many homebuyers and homeowners looking to purchase or refinance! While the FHA home loan programs were originally designed for first-time homebuyers, that is not the case today. FHA home loans are available to everyone and are a great option to consider.

FHA Purchase Loans – If you are looking to purchase a home, there are many reasons why FHA loans have become so popular today:

  • Down payments as low as 3.5%
  • A borrower's relative or close family friend can contribute up to the full 3.5% down payment with documented gift funds
  • Seller can contribute up to 6% of the sales price towards your closing costs
  • Minimum credit score of only 620
  • Low 30-year fixed rate
  • Loan is insured by the Federal Housing Administration (FHA), a division of the Department of Housing and Urban Development (HUD).

FHA Purchase or Refinance Loans – The Streamline(k) loan program is an ideal solution for homebuyers or homeowners who need to finance non-structural basic repairs into their FHA home loan. Many people utilize this program for bank-owned properties in less than perfect condition. A partial list of eligible repair items includes:

  • Roofs
  • Exterior decks, patios, porches
  • Appliance purchase and installation
  • Flooring
  • Window and door replacements
  • Exterior residing

FHA Refinance Loans – FHA insures several different types of refinance transactions including:

  • Streamline refinances of existing FHA-insured mortgages - Can be made without an appraisal, which especially helps homeowners who owe more than their home is worth.
  • No cash out refinances of conventional and FHA-insured mortgages - Proceeds are only used to pay existing liens and costs associated with the transactions. Loan amounts are allowed up to 97.75% of the appraised value.
  • Cash out refinances – Loan amounts are allowed up to 85% of appraised home value.

As a direct lender of FHA loans, we underwrite and fund your FHA loan in-house. Your loan will be processed faster and you will be enjoying your new home or refinance terms sooner. To learn more about FHA loans and the benefits to you, talk with your mortgage loan originator or contact us today.