News
Lobbyist are pressuring the Treasury Department to prepare a plan to purchase current portfolios of mortgages from banks in hopes of lowering mortgages rates lower.
Last week, the Federal Reserve announced it would buy $500 billion in mortgage backed securities from Fannie Mae, Freddie Mac a Ginnie Mae. Response was immediate as mortgagerates dropped.
Fannie Mae, the government-backed mortgage giant, announced Friday that it will tighten lending requirements for the interest-only loans and adjustable rate mortgages (ARMs) it backs.
To get a Fannie Mae-backed interest-only mortgage, for example, homebuyers will have to make down payments of 30% of the sale price.
Sun Valley Mortgage
Sun Valley Mortgage is a direct lender of both FHA, VA & conventional loans.
- We are an FHA Full Eagle Lender with Direct Endorsement Approval
- We process & underwrite residential mortgage loans in house.
We offer very competitive pricing and have special arrangements with national lenders that we produce large volumes of mortgage loans with high quality of loans and pass the savings on to our borrowers.
In June 2010, Sun Valley Mortgage was notified that we are among the top 10 mortgage companies in the U.S. with Flag Star for producing the highest quality of residential mortgage loans. This results in top tier in pricing that we are able to pass this on to our borrowers.
We are headquartered in Ogden, Utah and have offices located through out Utah.
- Conventional Mortgage Loans (purchase & Refinance & cash out refinance)
- FHA Mortgage Loans( purchase & Refinance & cash out refinance)
- VA Mortgage Loans (purchase & Refinance & cash out refinance)
- purchase, refinance, cash out
- Hard money (Purchase & cash out)
- Commercial (Purchase & cash out)
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