Client Testimonials

"I will recommend Michael Deery and Citywide Financial to all my friends who are looking to finance their mortgage. He was proactive in getting me the best rate and the best fit for my income and budget, a tremendous relief during this tough economic climate.  I had complete faith in him throughout the process, he was always available to answer any questions I had along the way. The paperwork seemed overwhelming at times, but Hallie his assistant was accommodating and supportive whenever I needed clarification. I am so appreciative of everything that Michael and his team did for me, it was a truly great experience". 

 

Heather Jeffrey, San Diego, CA

 

Read More

pic
Free Credit Report Check 

Free Credit Report and Loan Approval!

 

If you are looking to refinance or purchase a new home, call us today for a 5 minute consultation and we will check your credit for free and also send you a copy of your loan approval letter. We will also complete your loan approval within 24 hours of providing us with your loan application.

 

IMPORTANT: When looking to purchase a home in today’s marketplace, it is very important to be approved for financing before you begin your home search and put in any offers, as sellers will want to verify that you have your financing in place first.

 

pic

 

pic
Connect with Michael
pic
Check Your Home Value

If you are looking to sell your home, or you are interested in refinancing and would like to know an estimated value of your home, we have access to several appraisal companies who can run automated appraisal reports to determine the value of a home. These automated appraisal reports will pick up the most recent sales in a neighborhood, so you can get a more accurate estimation of your home value. If you would like one of these reports, just let us know and we can run it for you. This site below will also give you an estimation of your home value.

pic
Client Success Stories

Our client was a first time home buyer who was unable to qualify for a loan, as her credit scores were below the minimum requirement of 600 for FHA financing. We put together a plan to fix her credit and improve her scores in one week. First we ran a "credit analyzer" on her credit report, so we could determine what debts she had to pay down to increase her credit scores.

 

After she paid down 2 credit cards, we ran a “rapid re-score” on her credit, which is a way to immediately update her credit scores in 3 business days, instead of waiting roughly 30 days for the credit scores to update by themselves. In less than one week, we were able to get her scores increased by 40 points and over 600, so now she was able to get approved for a loan. I am happy to say she just closed escrow on her new home and she is now a happy first time homebuyer :).

 

 Read More

pic

Welcome to Our Website!

Thank you for considering us to assist with your financing needs. Whether you are looking to purchase a new home or aiming to refinance your current loan, or you are seeking a first time mortgage or home equity loan, we will help you find the best loan program and lowest interest rate for your situation. Please take a moment to watch our video below, which will help you navigate through our website and help you find the information you are looking for

 
The
Mortgage
Concierge
Program
Click Here

Michaels Mortgage and Real Estate Reports

pic

Homeowners and Buyers Get Savings Boost as Rates Reach 2 Year Lows at 3.875%

May 10th, 2014

There is good news for buyers and homeowners as mortgage rates are now back at 2 year lows. Rates are back down to 3.875% on a conventional 30 year fixed mortgage, and 15 year fixed rates are as low as 2.99%. FHA and VA 30 year fixed rates are as low as 3.375%! The cost of borrowing money is now on sale again for homeowners and buyers, so it is a great time to finance a home or refinance and lower your rate and monthly mortgage payment. A combination of recent events is causing rates to move back down again.

 

NEW Program: Purchase a Home With Only 3% Down and No Monthly Mortgage Insurance "PMI"

May 8th, 2014

There is a terrific new mortgage program available for borrowers! It is a conventional mortgage that only requires a 3% down payment and there is also an option to eliminate the monthly mortgage insurance “PMI”. Until recently, buyers had to put down 5% to qualify for conventional financing, or they were stuck with FHA financing and their expensive monthly mortgage insurance if they only had a minimum down payment. Here is what you need to know to qualify for this program.

Effective Immediately January 2015: FHA Lowers Monthly Mortgage Insurance Premiums on All FHA Loans

May 5th, 2014

There is great news for buyers and current FHA homeowners who would like to refinance, as the FHA lowered their Monthly Mortgage Insurance for the first time since 2001! The FHA lowered it's annual MIP (monthly mortgage insurance premiums) by 50 basis points (0.50%) on all new loans, which will drop the monthly FHA insurance from 1.35% to .85% of the loan balance for any buyer who puts down the minimum of 3.5%. So on a $400k loan for example, the monthly MIP drops from $450 a month to $283, savings of $167 a month. This means a buyer can either take advantage of a lower monthly payment, or be able to afford a bigger home.

 

4 Low Down Payment Mortgage Options With No Monthly Mortgage Insurance "PMI"

May 1st, 2014

As the housing market continues to strengthen in many areas, lenders are coming up with new low down payment financing options with No monthly mortgage insurance “PMI”, to help buyers purchase homes. There are 4 terrific financing options now available for home buyers in California who have a limited down payment and do not want to pay monthly PMI, and this includes options for jumbo buyers who do not want to use all their cash towards a down payment.

 

The Different Factors That Determine the Rate on Your Mortgage

April 28th, 2014

There are many factors that determine the interest rate on your mortgage. Also understanding why rates move up and down each day is quite simple, once you understand some basic economic fundamentals. The most frequently asked questions that buyers and homeowners ask are “What’s my rate”, or “How is my mortgage rate determined” or “why is my rate higher than what they say on TV?, or “Do you see rates increasing when I am ready to buy in a few months?”, With these questions in mind, here is a quick guide that will help you better understand what factors determine the rate on your mortgage.

 

9 Ways Buyers Can Accidentally Disqualify Their Loan Before Closing

April 25th, 2014

Our underwriters have been warning us about an increase in borrowers who are accidentally disqualifying their loan before the closing. For example, they advise that borrowers are going out and buying furniture on credit or a new car before closing, or they change jobs, which unfortunately may now disqualify their loan before closing. These mistakes will happen and will continue to happen if borrowers are not being coached properly before or during the loan process until they close escrow. Here are the 9 most common mistakes that borrowers make which may accidentally disqualify their loan before closing.

 

 

 

Free Rate Quote
40-yr Fixed
3/1 Arm
30-yr Fixed
5/1 Arm
20-yr Fixed
7/1 Arm
15-yr Fixed
10/1 Arm
10-yr Fixed
Equity Line
 
 
Michael in the News
In 2011, 2012, 2013 and 2014, Michael has been ranked in the Top 50 Mortgage Originators Nationwide by Mortgage Origination Magazine, the Scotmans Guide and Mortgage Executive Magazine for total number of loans funded. In 2014 Michael was ranked #44 out of 250,000 mortgage originators Nationwide. You can view the 2014 Top 100 Ranking Report HERE.
                                   

Michael writes Mortgage and Real Estate articles for the San Diego Union Tribune newspaper. You can check out some recent articles BELOW.

Mortgage Resources

Read More