Bajak & Associates

Available in 41 States:
Call 1-800-217-1152 or (657) 216-5898

Conventional, FHA, VA, and Reverse Mortgages
Purchase or Refinance
Low Rates ~ Flexible Financing
In-house Delegated Underwriting
FHA Unconditional DE Authority
VA Automatic/LAPP
Benefits:
Reduce Interest Rate
Reduce Mortgage Payment
Cash Out Equity for Home Improvements
Consolidate Debt
Lower Monthly Payments
Low Down Payment (Purchase)

Prime Programs, Prime Rates, Prime Terms
Direct lending (NO BROKER FEES!) for residential 1-4 units in 41 states across the U.S.
Programs: Conventional, FHA, VA, USDA, HARP, Home Equity Conversion (HECM).
Purchase / Refinance, Floor Rates!

FHA Loan
A great choice for first time home buyers and individuals with less than excellent credit, this federally backed loan for up to $424,100 (or more, in high-cost areas; see loan limits) is offered at competitive rates with fixed terms available from 10-30 years. Down payment assistance may also be available. For those looking to refinance, borrow up to 85% loan-to-value at a lower rate and own your home sooner by choosing a shorter-term loan.

VA Loans
Veterans and surviving spouses finance up to 100% of your new home’s value up to $424,100 (or more, in high-cost areas; see loan limits), or refinance, with no money down, no appraisal fee, and no private mortgage insurance premium (PMI). You can even fold closing costs into your loan. Refinance with minimal paperwork in as little as 21 days. Lower credit scores accepted from qualified buyers!

HECM (Reverse Mortgage)
We offer an array of Home Equity Conversion Mortgage (HECM) programs, also known as Reverse Mortgages. If you are 62 years of age or older, you can tap into the equity in your home with this unique mortgage. If you own your property outright—or have considerable equity—and will occupy the home, and have financial resources for property-related expenses such as property taxes and insurance, you can receive monthly payments or a line of credit while retaining ownership of your home.

HARP Program
The Home Affordable Refinance Program (HARP) is designed to assist homeowners in refinancing their mortgages – even if they owe more than the home’s current value. 9 out of 10 of eligible Homeowners fail to take advantage of this government program.
If you are current and have a solid payment history on an existing mortgage owned by Fannie Mae or Freddie Mac, with or without equity, then you are eligible for this program.
Normally, these borrowers would be unable to refinance because their homes have lost value, pushing their current loan-to-value ratios above 80%. No appraisal required in most cases. Refinance up to $417,000 (or more, in high-cost areas; see loan limits) and fold closing costs into the loan. Even if you’ve been turned down for a HARP loan before, if you’re still underwater, now is the time to see if you qualify!

Thirty-Year FIXED Mortgage
Known as a conventional loan, the thirty-year fixed rate mortgage is available for purchases of up to $424,100 (or more, in high-cost areas; see loan limits) for as little as 5% down for credit worthy individuals. Lock in a low interest rate and enjoy fixed monthly payments over the life of your loan. Looking to refinance? Get up to 85% loan-to-value along with a lower interest rate and take cash out.

Fifteen-Year FIXED Rate Mortgage
Pay off your mortgage faster with a fifteen-year conventional loan and save thousands on interest at the same time. This is an ideal loan for individuals with good to excellent credit who can comfortably afford a higher monthly fixed rate mortgage payment. Refinance for up to 85% loan-to-value at a lower interest rate and take cash out.

FHA 203(k) Streamline (Rehabilitation)
Pay for home repairs before you move in when you purchase, or refinance, using the FHA 203(k) Rehab. Fund up to $35,000 of upgrades and renovations and take up to 6 months to complete the work.
The FHA 203(k) Streamline HIP is the Ideal solution for people who own or wish to purchase a home in need of renovation or repair. Borrow up to $35,000 in additional financing for projects designed to improve single family properties with the FHA 203(k) Streamline loan. Use the funds to repair or replace plumbing, electrical. roof, gutters, flooring or to remodel the kitchen or bathroom. Lower energy costs by installing new windows and doors or improve accessibility for the disabled. This home improvement loan is available for purchases and refinances, and is limited to non-structural renovations.

FHA 203(k) Standard Loan
Allows for financing acquisition & major post-closing remodels & renovations in excess of $35,000 to turn a less-than perfect home into your dream home. Buy it, fix it, all in one loan! Up to 110% LTV!
For homes with more complicated renovation projects that may involve structural changes, Our Standard 203(k) HIP offers the funding you need. Projects more than $35,000, such as adding a room or remodeling a kitchen or bath can be rolled into the mortgage loan. Use the funds to repair or replace structural damage, chimney repair, additions to the structure, installation of additional bathroom, finish an attic or basement, repair termite damage, and more. The Standard 203(k) loan even allows for up to six mortgage payments to be included as part of the renovation funds to cover the period when the home is uninhabitable.

Adjustable Rate Mortgages (ARM)
Offered at a special low interest rate for a limited time, an ARM can be an ideal loan for those who plan to remain in their new home for less than seven years, or for those expecting an increase in their income down the road. Borrow up to $424,100 (or more, in high-cost areas; see loan limits), no penalty to refinance later. An annual ARM where the interest rate is recalculated each year is also available.

USDA Rural
With a USDA Rural Development Home Loan, qualified borrowers can purchase or refinance a designated U.S. Department of Agriculture rural property up to 100% loan-to-value with a 30 year fixed rate mortgage. These loans are not limited to first time home buyers, and no down payment is required! Flexible credit guidelines apply.

Fannie Mae HomeStyle (Home Improvement)
Why take out a home equity line of credit or a second mortgage to make moderate improvements or renovations? A Fannie Mae HomeStyle Renovation mortgage is an economical and convenient alternative way to make repairs and renovations as part of a first mortgage. Make improvements and modernize the home, eliminate health and safety hazards, replace plumbing, install new windows and doors for energy conservation, improve the exterior with major landscaping, upgrade the home with handicap accessibility, and more.

Down Payment Assistance Programs
Do you have the income to afford monthly mortgage payments, but are struggling to come up with the cash needed for a down payment and closing costs? Now you can take advantage of historically low interest rates instead of paying rent that only goes up. If you’re a first-time home buyer, a Veteran, or haven’t owned a home in the past three years, don’t get locked out of a fixed low interest rate loan because you don’t have the cash to close. Call us today and see if you qualify!

1-800-217-1152 or (657) 216-5898