"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
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.
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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.
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 :).
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
Tips for Refinancing
Tips for Purchasing a Home
Tips for Selling Your Home
Credit Education and Improvement Tips
Michaels Mortgage and Real Estate Reports
Homeowners and Buyers Get Savings Boost as Rates Reach 18 Month Lows at 3.875%
Dec 10th, 2014
There is good news for buyers and homeowners as mortgage rates have moved back down to 3.875% on a conventional 30 year fixed mortgage rate. In fact FHA and VA 30 year fixed rates are as low as 3.375%! So for any buyers or homeowners who may have moved to the sidelines recently due to the increase in rates and home prices, they are now getting a second chance to start looking again for that perfect home that may have became unaffordable. 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"
Dec 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 now, buyers had to put down 5% to qualify for conventional financing, or they were stuck with FHA financing and their very expensive monthly mortgage insurance if they only had a minimum down payment. Here is what you need to know to qualify for this program.
4 Low Down Payment Mortgage Options With No Monthly Mortgage Insurance "PMI"
Nov 30th, 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.
Fannie Mae Changes Waiting Periods for Buyers With Prior Short Sale
Nov 20th, 2014
Fannie Mae changed their short sale rules for conventional financing on August 16th. Until recently, buyers with a short sale and a 20% down payment were allowed to repurchase a home with conventional financing after only 2 years, but now Fannie Mae increased this to 4 years regardless of the size of the down payment..
The Different Factors That Determine the Rate on Your Mortgage
Nov 12th, 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
Nov 5th, 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.
Michael writes a weekly Mortgage and Real Estate article for the San Diego Union Tribune newspaper. You can check out some recent articles BELOW.
- NEW loan program for home buyers: 3% down with No monthly Mortgage insurance
- FHA home loans play important role for buyers in local housing market
- A low down payment loan that's not FHA and has no PMI
- Fannie Mae changes waiting periods for buyers with prior Short Sale
- VA home loans play important role in San Diego housing market
- The different factors that determine the rate on a home loan
- Purchase a home with only 5% down and No monthly mortgage insurance "PMI"
- Waiting periods for repurchasing a home after a financial hardship
- Why now is a great time to purchase a home
- FHA change eases wait time for buyers with past foreclosure or short sale to one year
- Purchase a Home With Only 3% Down and No Monthly Mortgage Insurance "PMI"
- 2015 Rules Buyers and Sellers Must Know About Financing Flipped Properties
- VA Frequently asked Questions and Tips for Borrowers
- FHA Frequently Asked Questions and Tips for Borrowers
- 2015 Waiting Periods for Repurchasing or Refinancing After a Foreclosure, Short Sale or BK
- Down Payment Assistance Programs For Buyers
- The Different Factors That Determine the Rate on Your Mortgage
- 7 Tips to Help Get a Buyers Purchase Offer Accepted
- How to Refinance your Home to 95% and Not Pay Any Mortgage Insurance
- The Road to Homeownership-An Infographic of the Home Buying Process
- Why 40% of Homeowners Are Doing "Cash in" Refinances
- Understanding Supplemental Property Taxes in California
- Appraisal Tips for Homeowners to Ensure Your Refinance Goes Smoothly
- Appraisal Tips for Sellers to Protect the Contract Sales Price
- Bi-Weekly Mortgage Payments Will Help You Payoff Your Mortgage Faster
- How to Improve Your Credit and Score the Best Rates
- FHA Reduces Wait Times for Buyers Who Had Foreclosure or Short Sale to 1 Year
- Conventional or FHA Financing: What's Best for Buyers?
- FHA Borrowers Will Pay Mortgage Insurance for the Life of Loan Starting June 2013
- How to Improve your Credit and Score Lower Interest Rates!
- How to Qualify for Obama's Negative Equity Refinance Program HARP 2.0
- Tax Benefits and Deductions for Homeowners
- The Cost of Waiting to Buy: Compare Buying With a 4% vs 5% Rate
- The New 25 Year Fixed Mortgage is Available