Our Loan Programs
I work hard everyday to take care of my client’s needs no matter the obstacle.”
— Amar Chadha
With in house funding processing and underwriting SecurityNational Mortgage Company may be able to get you into your next home faster.
Conventional loans are available with low down payment requirements (with qualifying credit requirements). They are backed by Fannie Mae or Freddie Mac and in some cases a portfolio bank. Conventional loans can be used to finance 2nd homes, investment properties, single family residences and condos. Conventional loans with 80% or lower LTV (Loan-to-Value) ratio will not require mortgage insurance added to the payment. Conventional loans can be financed as a 10 to 30 year fixed, as well as 7/1, 5/1, 3/1, and a 1/1 adjustable rate mortgages (ARMs.)
Jumbo loans are available up to $900,000 with no adjustment to rate but can go up to $2 million. Available for refinances or purchases, mortgage insurance is not required. Jumbo loans can be financed as a 15 or 30-year fixed rate mortgage or as a competitive ARM product. These loans are for homebuyers who need financing to purchase a more expensive property or investment-minded buyers who can make a large purchase but want to leverage their assets more effectively.
FHA home loans are mortgage loans that are insured against default by the Federal Housing Administration (FHA). The benefits of an FHA loan are low down payment requirements, flexible income, debt, and credit requirements, down payment and closing costs may be funded by a gift, grant or secured loan. They also come in handy for homebuyers with limited savings and/or low-to-moderate income.
The VA (Veterans Administration) Loan provides veterans with a federally guaranteed home loan, which requires no down payment. This program was designed to provide housing and assistance for veterans and their families. The benefits of a VA loan are no down payment requirements, flexible income, debt, and credit requirements, down payment and closing costs may be funded by a gift, grant or secured loan. These loans are for homebuyers that are qualified veterans, reservists, active-duty service members, have limited savings and/or low-to-moderate income.
Guaranteed by the USDA, Rural Housing Loans are similar to VA and FHA, except they are only available in select rural areas and have income limitations. Rural housing loans are not limited to first time home buyers and do not require a down payment. The seller can contribute up to 6% of the purchase price towards buyers closing and prepaid costs. Financing is available as a 30-year fixed only, for single-family residences and condos only.
A reverse mortgage is a type of home equity loan that allows homeowners to convert some of their equity into cash while retaining home ownership. Reverse mortgages are designed for senior citizens age 62 and older who own and occupy their home. A reverse mortgage may include tax-free funds, no loan repayment, no income, medical or credit requirements. The borrower must continue to pay insurance and real estate taxes.
SecurityNational Mortgage Company typically utilizes conventional loans for investment properties. These programs generally require a 20-25% down payment and full documentation of income and assets. We also offer the SNL Direct Program specifically for business purpose investment property loans. This program caters to borrowers who may not qualify due to credit history while allowing stated income and verified assets.
More Loan Options
Whether it is a new construction loan, down payment assistance, or our fresh start program, we’ve got you covered. The loan landscape is constantly changing and we stay current with the latest loan programs. Our licensed loan professionals are happy to discuss your situation and recommend a solution.
*Loan programs can vary. Please contact me for more information about loan programs available in your area.
Giving you the advantage
We will get you a competitive rate, save you time and eliminate the worry.
I give my customers the best loan options available.
A leader in mortgage lending since 1993.
A top 50 mortgage lender and growing.
Who says working with Amar is the best?
“My experience in buying my first house with SecurityNational was exceptionally good. Amar Chadha was very helpful along with the rest of team. Amar Chadha made sure we got the house loan in 10 day window that I had left for the closing. I don’t think anyone else could have done it for me or any other lending company. I’m truly grateful and honored that I got my house with VA loan $0 down because of SecurityNational Mortgage Company and also very competitive rate of interest. P.S. special thanks to Amar Chadha God bless you! Thanks!”
Fast and consistent.
“I am glad we closed on time.”
“I had a great experience, the team was very professional, kind and patient. They all made me feel very comfortable with the process of purchasing my home.”
“Amar, Heather and Annette were all amazing! They processed everything so quickly, and they answered all of my questions promptly, and they were very nice to me as a first time homebuyer.”
— Tifanni R.
“It was a very good experience to work with Amar Chadha . He is very calm and quick responses with every question.”
“The staff was very wonderful and courteous. We were explained and informed about every step that was taken to complete our transaction. We were always provided with all the documents that we signed. Mr. Amarpreet Chadha and Miss Jillian Roederer both especially were really helpful.”
Loan Officer | NMLS# 180824
2370 Corporate Circle #200
Henderson, NV 89074
Branch NMLS 771959
Direct: (702) 562-8733 ext. 1111
Mobile: (702) 807-1737
Fax: (877) 516-2691
Amar Chadha | NMLS# 180824 | 2370 Corporate Circle # 200, Henderson NV | (702) 807-1737 | State Licenses: KY MC409377, WI 180824, UT 10672887, FL LO39818, NJ , OH MLO.058106.000, AZ 0933729, CA CA-DBO180824 Licensed by the Dept of Corporations under the CA Residential Mortgage Lending Act, IL 031.0044759 For licensing information, go to: www.nmlsconsumeraccess.org, IN 32262, MI 180824, NV 26260, PA 47990, TN 129955, TX , WA MLO-180824, MO 21873-MLO, NH 180824, OR , GA 54344 Georgia Residential Mortgage License, NC I-173081 , MD , KS LO.0036171, AK AK180824, CO 100509879, WY 6853, HI 180824, IA 31232, ND NDMLO180824
This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant. SecurityNational Mortgage Company is an Equal Housing Lender NMLS# 3116.
SecurityNational Mortgage Company complies with Section 8 of RESPA and does not offer anything of value such as marketing services or defrayed business costs in exchange for referrals or for the expectation of referrals.