Loan Options
For consumers, I offer conventional home mortgages to purchase or refinance real estate from one to four units, government, reverse, and hard money loans for the purchase or refinance of one to four-unit properties.
Purchase Money Loans: A purchase-money mortgage is a mortgage issued to the borrower by the seller of a home as part of the purchase transaction.
Refinance Loans: Refinancing is a process homeowners go through to change the interest rate and/or terms of their current mortgage.
FHA and VA loans: Government-backed loans offering low down payment loans for purchase and zero downpayment loans to qualified veterans.
Down Payment Assistance Loans and Grants: These programs  homebuyers to reduce the amount they need to save for the down payment on a home and may provide entire amount of downpayment funds needed.
Loans for the self employed
Hard money loans: Oddball properties, borrowers with low credit scores
Individual Mortgage Loan
Purchasing a home is an exciting and significant milestone in your life. Our individual mortgage loan services are designed to guide you through the entire process, from pre-qualification to closing. Our team of experts will work closely with you to understand your unique needs and find the best mortgage options available. Whether you are a first-time homebuyer or looking to refinance, we are committed to helping you achieve your homeownership dreams.
We specialize in several types of Reverse Mortgages
- Home Equity Conversion Mortgage (HECM)
- Home Equity Conversion Mortgages for Purchase.
- Proprietary Reverse Mortgages.
- Single-Purpose Reverse Mortgages.
Why Choose Willie Bennett Real Estate & Mortgage
As the Owner/Broker of Willie Bennett Real Estate & Mortgage, I have been providing reliable and professional mortgage, real estate, and business loan services for over three decades. I have a Bachelor of Science in Business from San Francisco State University and a Real Estate Broker license from the California Department of Real Estate.
My mission is to help my clients achieve their financial and homeownership goals by offering them personalized and tailored solutions, competitive rates, and exceptional customer service. I have extensive experience in all phases of finance, from initial financial analysis to loan closing, and I have developed and presented educational programs for first-time homebuyers. I enjoy working with diverse and hard-working clients seeking a better life.
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| Updated: April 12, 2023 | HECM Fixed Rate | HECM Adjustable Rate (Annual) | Jumbo Fixed (Proprietary) | Jumbo Adjustable (Proprietary) |
|---|---|---|---|---|
| Current Rates | 6.18% - 6.99% | 6.34% - 7.09% | 8.99% - 9.99% | 10.965% - 11.215% |
| APR | 7.94% - 8.48%* | N/A | 9.696% - 10.542%** | N/A |
| Index | N/A | 4.34% | N/A | 4.34% |
| Margin | N/A | 2.00 - 2.75 | N/A | 6.625. - 6.875% |
| Monthly Service Fees | $0 | $0 | $0 | $30 |
| MIP | 0.50% | 0.50% | None | None |
| Lending Limit | $1,089,300 | $1,089,300 | Max Loan: $4,000,000 | Max Loan: $4,000,000 |
Ready to Take the Next Step?
If you're ready to embark on your homeownership journey or need financing solutions for your business, Willie Bennett Real Estate & Mortgage is here to assist you. We have the expertise, dedication, and resources to help you secure the loan options that are right for you. Contact us today to get started and discover how we can make your financial dreams a reality.