Cash-Out, Refinance, & Buy a Home with Confidence.

Steven Quach can help you establish a clear loan cost budget, better understand your housing affordability, strengthen your negotiating position, and achieve a faster closing!

At Loan Factory, Steven offers incredibly low mortgage rates and a convenient online application process, with transparent pricing and excellent service. Steven's team of expert loan officers and processors will support you every step of the way to ensure a smooth and timely closing.

About Loan Factory

Steven Quach is a Loan Factory-sponsored loan officer. Loan Factory is a trusted name with a 5-star Google rating from over 29,000 satisfied customers. Get access to 100+ lenders with various approval guidelines and a user-friendly rate-shopping platform. Plus, as the #1 broker in 2021 & 2022 with over $11.8 billion closed loans, Loan Factory has the experience to secure your mortgage financing goals.

Pre-Qualification vs. Pre-Approval

Talk to Steven about pre-qualifying to get a clear picture of your home buying options based on your income, credit obligations, and downpayment goals. Once you submit documents to verify your information, pull your credit report, and complete a standard loan application, you'll be pre-approved, giving you strong buying power. Keep in mind, with rising and falling interest rates, pre-approval amounts may change.

We've Got You Covered!

First-time Homebuyer? Consider a Conventional Loan with a minimum 3% down payment and you have a credit score above 620.

Need credit score flexibility? FHA Loans offer a 3.5% down payment option if your credit score is below 620.

Military veteran? VA Loans might be perfect for you, with no down payment required.

Considering a luxury home? We have Jumbo Loans to help you leverage high-end properties for your discerning taste.

Financing a rental property or dealing with complex income or residency documentation? Explore Debt Service Coverage Ratio (DSCR) Loans or bank statement loans. These types of loans qualify you based on the property's income or your personal bank statements rather than your personal income.

Want to buy before you sell? Look into a bridge loan! Gain an edge in a competitive market. Obtain financing for your new property without needing to sell your current one. With no monthly payments until your current home sells, you can take your time and get the best possible price.

Looking for affordable homeownership programs?
HomeReady/Home Possible

If your income is below 80% of your area's median income, you may qualify for a HomeReady or Home Possible mortgage with just 3% down, reduced monthly mortgage insurance (for down payments under 20%), a lower interest rate, and a $2,500 lender credit. To be eligible, your income must not exceed the 80% threshold, the home must be your primary residence, you can’t own more than two financed properties (including the one you're buying), and you need a minimum credit score of 620.

HomeReady/Home Possible 2-1 Buydown

If your income is below 80% of your area's median income, you may qualify for a mortgage with as little as 3% down, reduced monthly mortgage insurance for down payments under 20%, and an interest rate buydown, with a 2% reduction in the first year and 1% in the second year. To be eligible, you must qualify for HomeReady or Home Possible, the loan amount must be $350,000 or less, and manufactured homes are excluded.

Area Median Income Interest Rate Reduction

To qualify for a lower interest rate, you must have an income below a certain threshold (100% of the Area Median Income, or 120% in high-cost areas), the home must be your primary residence, you must be a first-time homebuyer, and you must have a credit score of at least 620.

ONE Plus

To receive an extra grant of 2% of the loan amount for a down payment, you must meet the following criteria: Your income must not exceed 80% of the Area Median Income, the home must be your primary residence, you cannot own more than two financed residential properties, the loan-to-value ratio must be over 95%, the loan amount must be $350,000 or less, and you must have a credit score of at least 620. If you meet these criteria, the ONE+ program will allow you to get a mortgage with as little as 1% down.

$7,500 HomeReady First VS Purchase Plus

To receive a grant of $7,500, you must choose between HomeReady First by Provident Funding and Purchase Plus by Rocket Mortgage. HomeReady First offers $6,500 toward down payment and closing costs, a $500 appraisal credit, and a $500 home warranty. Purchase Plus offers a $500 credit for first-time homebuyers toward Homebuyer Education and counseling, a $500 appraisal credit, and an additional $1,000 if you buy a HomePath property and obtain title insurance outside of Fannie Mae's paid title policy.

Downpayment Assistance Programs?

Click here to see local programs.

Don't Forget to Look Into Points and Tax Benefits

Lower your monthly payments! Mortgage points allow you to prepay some interest in exchange for a reduced interest rate. This can save you money each month, but it's important to plan on staying in your home for at least a few years to recoup the upfront cost.

Plus, owning a home comes with tax advantages! You may be able to deduct mortgage interest and property taxes, lowering your taxable income and potentially reducing your housing payments.

Consult with a tax professional to see if points and tax benefits make sense for your financial situation.

Build Your Equity with a Mortgage

We'll lock in your rate, handle the appraisal, and guide you through each step. When everything's finalized, we'll handle funding, escrow, and ensure a smooth closing. This is the beginning of your path to building equity from day one.