Mortgage Rates Falling, Secure One Capital Ready for Increased Demand - KCBD NewsChannel 11 Lubbock

Mortgage Rates Falling, Secure One Capital Ready for Increased Demand

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SOURCE Secure One Capital

Secure One Capital improves their ability to fund government-backed loans in response to the lowest interest rates since June 2013.

COSTA MESA, Calif., July 24, 2014 /PRNewswire/ -- Mortgage rates for 30 year and 15 year government-backed loans have continued to drop since September and have now reached the lowest levels in more than a year. Secure One Capital specializes in government financing programs such as FHA, VA and HARP refinances and anticipates the trend will continue. Secure One Capital has improved their capacity to fund government-backed loans quickly and efficiently to provide a better experience for the borrower.

Secure One Capital is an unsupervised FHA and VA Endorsed mortgagee. The FHA and VA requires all mortgage lenders to receive approval prior to offering FHA loans and VA but not all lenders who are approved specialize in VA and FHA loans. Secure One Capital has been a trusted direct mortgage lender since 1995 and has the ability to originate and fund all loans in house in order to expedite financing. In July, Secure One Capital welcomed a new VA underwriter to further decrease funding times.

With a decline in interest rates, Secure One Capital anticipates that more borrowers with existing FHA and VA loans will refinance. Borrowers with FHA and VA loans are eligible for streamline refinances with simplified underwriting requirements and less paperwork. A FHA Streamline Refinance does not require an appraisal, employment verification, income verification or credit score verification. Additionally, there is no LTV limit, meaning even borrowers that are underwater can qualify if they meet other requirements. For a VA streamline, eligible borrowers do not need to go through another credit check or appraisal.

Secure One Capital funds directly off government lending guidelines with no lender overlays. This allows Secure One Capital to have more aggressive mortgage rates.

The fourth quarter of 2013 marked a record-breaking quarter for what was already a strong year for Secure One Capital. This has allowed Secure One Capital to relocate to larger offices in Costa Mesa and offer new branch opportunities. Secure One Capital is accepting refinance applications from eligible borrowers. In order to apply, homeowners should visit or call (877) 810-8587 to speak with a licensed mortgage banker.

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