ASSISTING HOMEBUYERS SINCE 1992
Since 2010, our 14 day close has been helping buyers get their offers accepted.
Your dedicated SPC Loan Officer will be with you through
the entire process, from pre-approval to close.
We do not pass your file through multiple departments
Once the pre-approval letter is issued, you can count on your loan closing. Your loan is completely underwritten before you start making offers.
Rates Start as Low As
5.49%
5.8% APR
VA 30 Year Fixed
5.5%
5.806% APR
VA 30 Year Fixed Jumbo
Rates are published each morning and subject to change without notice based on market conditions - Rates vary from state to state.. VA Rate/APR based on first time use of VA benefit. 740 credit score assumed on a $650,000 loan amount for a home in Texas paying 1 discount point. The VA Jumbo is any VA loan amount greater than $766,550
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Community Service in Support of our Military
Merchants Home Lending was a proud sponsor of the 2023 San Diego Veterans Tennis Classic. This event featured the US Naval Academy Men's and Women's Tennis programs. It also included clinics for the local San Diego Wounded Warriors Tennis Program and the children of local military families.For the third summer in a row, Merchants proudly sponsored the children of military families for Tennis Camp Scholoarships through Youth Tennis San Diego. For 2023, we assisted 26 military families.
Non-Contingent offers
WIth housing inventory at all time lows, it is harder than ever to buy a home. One way to get an offer accepted is to make an offer with no contingencies. Here are a few questions and answers regarding this type of offer.
Q. Can I write a non-contingent offer if I am using mortgage financing?
A. Yes, if you are able to make up the difference between the appraised value and the contract sales price in the event that the home appraises low.
Q. Can I write a non-contingent offer using VA financing?
A. Yes, the same answer would apply - if you have the funds to make up the difference between between the sale contract price and a low appraisal, you can safely write a VA offer with no contingencies
Q. Is there any risk if I write a non-contingent offer?
A. There could be risk if your loan is not fully approved before you make your offer. Our Single Point of Contact Loan Officer's are trained to have your file fully underwritten before advising you to make a non-contingent offer.
You should always make sure that your Realtor and your Loan Officer are on the same page before submitting a non-contingent offer.