CMS provides mortgage services that are structured to
meet the specific needs of the variety of clients we have throughout California.
Any mortgage loan that is not insured by FHA, guaranteed by VA, of funded by a government authorized bond sale or grant.
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA).
A jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits.
A reverse mortgage is loan available to homeowners who are 62 years or older that enables them to convert part of the equity in their home into cash.
A commercial mortgage is a loan issued for the purpose of commercial land or buildings, not residential ones. Banks and other loan institutions still do the lending, but the borrower is usually a business, not an individual. Commercial mortgages can be used to develop or purchase land or buildings.
“These materials are not from HUD or FHA and were not approved by HUD or a government agency”