150 S Akers St. Visalia ca 93291
We'll help you find the perfect mortgage
Your Visalia Loan Officer
Get the guidance you need on home financing!
Mortgage Services
Loan Products & Programs
LOANS:
FHA
USDA
VA
CONVENTIONAL
REFINANCE
CONSTRUCTION
CAL HFA
Fixed & ARMs
Home Equity Line of Credit Loans
Stephen Palermo
A results-driven Visalia loan officer who strives to make the loan process as smooth and stress-free as possible for his clients. With sharp attention to detail, he is fully committed to finding the best solution for his clients and all of their home financing needs.
GSM Products
Buy a home or refinance with Gold Standard Mortgage, your Visalia loan officer destination.
FHA – 30 Year Term
Federal Housing Administration FHA might be just what you need! They are easier to qualify for since they are insured by the federal government. Requirements (employment, assets, credit) for these loans are generally more lenient and the program allows lower credit scores than conventional loans. Your down payment can be as low as 3.5% of the purchase price. The best part is you generally get a better interest rate than traditional mortgages because of government backing.
USDA – 0% Down Payment
This program is designed to promote home ownership for low to moderate income households with a limited savings an opportunity to own their own home in eligible rural areas. USDA loans require a 0% down payment! That’s right…no money down and up to 103% financing (appraisal permitting) to help with closing costs.
There are restrictions based on property location and income levels. Contact us to see if you and your future home qualify for a USDA loan today.
VA – 30 Year Term
Veterans Affairs We here at Gold Standard Mortgage are proud to offer VA loans to all veterans that qualify. These are loans that are exclusively offered to veterans or surviving spouses to get them in a home for little to NO down payment. A VA loan is backed by the US Department of Veterans Affairs. The backing provided by the VA allows veterans who would not normally qualify for a mortgage loan due to credit or other issues to purchase a home.
Nearly every veteran is eligible and we would love nothing more than to help you take advantage of this great program.
Conventional Loan
A Conventional loan refers to a loan that is not insured or guaranteed by the federal government. A conventional, or conforming mortgage adheres to the guidelines set by Fannie Mae or Freddie Mac. This loan can have an interest rate that is either fixed or adjustable (ARM).
Fixed Mortgages is when the interest rate is locked in for the life of the loan that is typically 15 or 30 years. An ARM has a lower introductory rate for a fixed period of time followed by periodic adjustments. Payments for Arms are amortized over a 30 year term.
Refinance
Take advantage of the lowest rates of our lifetime! Refinancing gives you, the home owner so many options. Whether you taking cash out for your kids college, starting up that business, putting in solar or just want to consolidate debts to free up your budget. We might be able to help you with your needs and STILL lower your monthly payment. Come in today and see if refinancing is the right move for you.
We can run some numbers to check the visibility and let you know where you stand. If you are currently in an ARM or have a balloon payment due, we can help take the surprise away or stress hanging over your head with your current mortgage. Now is the time to refinance!
Construction Loans
Start building your dream house today! If you have good credit and 25% of your lot paid for, you have a great chance of getting qualified. Below are some specific details on this program. The rates range from 5.95-8.95% and you have the option only pay interest on the money you draw. Loan amounts from $100,000 to $2,500,000 Loan amounts up to 90% of the appraised value on single family, owner occupied, full income documentation, conforming loan amounts(80% for Jumbo’s).
Cal HFA – Down Payment Assistance
For more than 35 years, the California Housing Finance Agency (CalHFA) has supported the needs of renters and home-buyers by providing financing and programs that create safe, decent and affordable housing opportunities for low to moderate income Californians.
Established in 1975, CalHFA was chartered as the State’s affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds. CalHFA is a completely self-supporting State agency, and its bonds are repaid by revenues generated through mortgage loans, not taxpayer dollars.
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