Degang Cheng @ Googain Advantages
- Direct lender for Fannie Mae, Freddie Mac, CalHFA, VA, and major banks.
- A wide range of specialized loan programs with/without income verifications to meet our clients’ unique needs.
- Highly competitive rates and terms.
- Various assistant programs for primary home purchases
- Excellent customer services with over 800 five-star reviews on Google Reviews.
Homeownership Assistance Programs
- First-Time Home Buyer Credits: Googain offers lender credits to offset the negative impacts of low credit scores, low down payments, condo purchases, and large loans, helping you secure better interest rates.
- Googain HomeRun: A unique Googain loan program offering below-market interest rates, 3% down payment, no private mortgage insurance (PMI), and eligibility for high-income earners.
- MyHome Assistance Program: A deferred-payment junior loan of an amount up to the lesser of 3% of the purchase price or appraised value to assist with down payment and/or closing costs in California. Googain is a direct lender for this program.
- Home Access: 40% down payment assistance (maximum $200,000) in Alameda or Contra Costa county. Googain is an authorized lender for this Housing Trust Silicon Valley program.
- Empower Homebuyers SCC: 30% down payment assistance (maximum $250,000) in Santa Clara County. Googain is an authorized lender for this Housing Trust Silicon Valley program.
- California Dream for All: up to 20% for down payment or closing costs (maximum $150,000). Googain is a direct lender for this statewide assistance program.
Special Loan Programs:
In addition to full doc loan program, Googain has various alternative docs or no income verification programs to help you secure the loan that best suits the unique needs of our clients.
- 3-Month Bank Statement: a Googain exclusive program requiring only three months of bank statements.
- Debt Service Coverage Ratio (DSCR): Also known as investment cash flow loans, a no-income-verification loan program for investment properties.
- Asset Qualifier/Utilization: A type of no-income-verification loan
- Asset Depletion: Converts liquid assets into additional income to help you qualify when regular income is insufficient.
- Buy Before You Sell: excluding departure residence debt from debt to income ratio calculation. No need for expensive bridge loan.
- Super Jumbo Loans: Up to $5 millions loans with flexible underwriting terms.
- Non-Warrantable Condo: Googain proudly offers loans for condos with various non-warrantable characteristics.
- Foreign National Investment Program: For foreign investors
- F1 OPT EAD Loan Program: Eligible with just a valid passport and an unexpired EAD card.
- Graduate Program: Available for recent graduates.
- FHA purchase loans and Streamline Refinance
- HELOC, Home Equity Line of Credit: Googain’s HELOC offers highly competitive rates with no annual fees, upfront fees, or early closure penalties, making it extremely popular since its launch.
- Home Equity Loan: Another way to cash out your home equity.
- Loans for ITIN borrowers: Designed for borrowers without a Social Security Number.
- Reverse Mortgage: Also known as a Home Equity Conversion Mortgage (HECM).
- And More: Contact me for details about additional loan programs.
Other Information
Degang Cheng, PhD Loan Officer NMLS: 2464860 Googain Inc. NMLS: 275975 1288 Kifer Rd STE 208, Sunnyvale, CA 94086 Email: DegangCheng@googain.com Cell Phone: 510-516-8551