Prospect Mortgage Senior Loan Officer in Santa Rosa, California
A Wide Range of Lending Needs
As a licensed Prospect Mortgage Senior Loan Officer in California (NMLS #250524), Pollie can assist you with your home loan needs, including:
- First-Time Purchase
- Second-Home Purchase
- FHA and VA
- 203(k) Renovation
Pollie welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. Pollie has the expertise and knowledge, and will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.
Contact Pollie Barnes Anytime
Feel free to contact Pollie anytime by phone or email for personalized service and expert advice. Pollie will extend the same professional service to your friends, family members, work colleagues or neighbors who need help.
Pollie Barnes is 203(k) Renovation Lending Certified
Pollie is also certified in 203(k) Renovation Lending, a program particularly well suited for buyers of fixer-uppers and REOs in need of repair. Homebuyers can finance both the purchase and future repairs on their new home with one loan.
The Renovation Loan offers some great features. The amount of money you are permitted to borrow for the purchase and renovations is based on the increased value of your home after improvements are made1. Also, because renovation costs are spread throughout the entire term of the loan, monthly payments are often lower than other financing options. With the loan, there is also no need to delay improvements. You can start in immediately after closing. Another great feature is the loan's simplicity - one application, one set of fees and closing costs, one closing to attend and one payment each month. The interest on the cost of your improvements, included in your mortgage, may be tax deductible2 as well.
Pollie values your business and will provide you with the best professional service and mortgage solutions that make most sense for you and your unique financial situation and real estate goals.
Please contact Pollie Barnes if you’d like more information about our Renovation Loan, or any other mortgage financing solution. I look forward to working with you!
1For 203k purchase transactions the maximum loan amount is the lesser of the sales price + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. For refinance transactions the maximum loan amount is the lesser of the property value before renovation + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. Loan amount must be within FHA county loan limits.
For HomeStyle® purchase transactions the maximum loan amount is based on the lesser of the sales price + renovation costs or 100% of the as-completed value, times the maximum loan-to-value allowable. For refinance transactions the maximum loan amount is based on the lesser of 1) 100% of the as-completed value times the maximum loan-to-value or 2) the balance on the existing loan plus the renovation cost plus the settlement costs. The maximum repair amount is limited to 50% of the as-completed value. HomeStyle® is a registered trademark of Fannie Mae.
2Please consult a tax advisor for further information regarding the deductibility of interest and charges.
What are people saying about Pollie Barnes?
"They were efficient, knowledgeable, accommodating and understanding."
- Waltraud D., Santa Rosa, CA
"Pollie and team were very responsive to all my questions and inquiries. The whole process was very quick, efficient and hassle free. Also, they assisted with correcting an issue with my old mortgage company that had posted one of my recent payments incorrectly. Overall, very satisfied with process of refinancing my mortgage with Prospect Mortgage. I've used them in the past and will continue to use them in the future."
- Tana M., Fairfield, CA
"She answered all my questions, in a timely manner. Laid out all available options. She's my hero."
- Judy S., Camp Meeker, CA