For borrowers with excellent credit, conforming loans are advantageous due to their low interest rates. We offer a variety of conforming mortgage loan products.

 Highlights

  • No upfront mortgage insurance 
  • No mortgage insurance with 20% down payment or lender paid mortgage insurance 
  • Competitive interest rates 
  • Minimum credit score of 620  
  • Primary, secondary or investment properties 
  • National loan limit of $715,000 
  • Underwritten in-house 

Contact us to discuss your financing requirements.

FHA is a government agency that was created in 1934 to help facilitate growth in loan opportunities, by allowing an alternative to purchase a home with as little as 3.5% down payment and less than perfect credit.

Highlights

  • As little as 3.5% down payment- funds can be a gift from a family member 
  • Less than perfect credit score 
  • Flexible debt to income ratios 
  • Seller contribution to closing cost is allowed  
  • Minimum credit score 580 
  • Underwritten in-house 

Contact us to discuss your financing requirements.

Our Jumbo loan products are designed for loan amounts up to 3.5MM.

 Highlights

  • Maximum Loan Amount: $3.5MM 
  • Maximum Loan-to-Value (LTV): 90% 
  • Primary Residence, Investment Properties and Second Home are eligible 
  • 15, 20, and 30 year Fixed Rate options  
  • 3/1 and 5/1 Arm Available 
  • Interest Only Option Available 
  • Underwritten in-house 

Contact us to discuss your financing requirements.

Purchase or refinance option for any renovation project such as design updates or improvements, and even renovating accessory units like in-law suites or basement apartments.

 Highlights

  • Up to 97% Loan to Value 
  • For Purchase: Limited to 75%* of the lesser of the purchase price plus renovation costs, or the “as-completed” appraised value 
  • For Refinance: Limited to 75% of the “as-completed” appraised value.
  • Can be used on ANY project  
  • Can finance accessory units (e.g. in-law suites, basement apartments, etc.) 
  • Applicable to manufactured homes 
  • Allows upfront draws 
  • Underwritten in-house 

Contact us to discuss your financing requirements.

In 1944 the US government created a military loan guarantee program to help qualified service member’s purchase a home.

 Highlights

  • Zero down payment 
  • No mortgage insurance 
  • Competitive interest rates 
  • Easy qualification criteria  
  • We are a veteran owned company (USMC) 
  • Underwritten in-house 

Contact us to discuss your financing requirements.

Also known as Hard Money or Hard Equity Loans. Approval is based on property instead of credit

 Highlights

  • Fast approval process
  • Approval based on property, not credit history 
  • More flexible 
  • The opportunity to fix and flip properties
  • Can close in the name of a corporation
  • Underwritten in-house 

Contact us to discuss your financing requirements.

A Reverse Mortgage works like an annuity and can help you tap into the equity and enjoy a better quality of life through retirement.

 Highlights: 

  • Take out your equity now 
  • Eliminate mortgage payments 
  • Competitive interest rates 
  • 62 years or older  
  • Receive funds in a lump sum, credit line or monthly payments for life 
  • Underwritten in-house 

Contact us to discuss your financing requirements.

Home Equity Loans

 Highlights: 

  • Stand-Alone Second Liens and Piggybacks
  • Fixed rate terms: 5, 10 ,15, 20, 25 & 30 years
  • Minimum Loan amount $50,000
  • Maximum Loan Amount $500,000
  • Owner-Occupied | Second Homes | Investment Properties
  • Prime Rate as published in the WSJ on the 1st of the month
  • Single Family |PUDs |Modular homes (as defined by Fannie Mae) Condominiums
  • A home equity line of credit, or HELOC, is a type of loan that allows you to draw funds as you need them and repay the money at a variable interest rate. Because of this, HELOCs are generally best for people who need funds for ongoing home improvement projects or who need more time to pay down existing debt. HELOCs typically have lower interest rates than home equity loans and personal loans.

  • 30-year variable term (Index plus a margin)
  • 10-year interest only draw period with a 20-year fully amortizing repayment period
  • Minimum Line amount $50,000
  • Maximum Line Amount $500,000
  • Owner-Occupied & Second Homes
  • Prime Rate as published in the WSJ on the 1st of the month
  • Single Family |PUDs |Modular homes (as defined by Fannie Mae) Condominiums
  • Apply Now

    For Home Equity Lines and Reverse Mortgages Call us 877-430-2274 or Contact via email

    All customer information is hosted and stored in our own private, on-site servers. No personal information is kept or stored on third-party hosting sites.

    Today's Rates 

    Check out Today's Rates

     

    Appraisal 

     

    When you purchase or refinance a home, you typically will be required to obtain an appraisal. Getting an appraisal done involves hiring a licensed appraiser who determines the value the property.

    We only work with highly qualified residential appraisers. It is our policy that appraisers only receive orders for the county in which they are located. This helps ensure a thorough knowledge of the market. Appraisals must be paid prior to ordering. You must have already been given a Loan Estimate prior to being asked to pay for anything other than a credit report

    About Us

    We The People

    of Capital International Financial

    • To give ordinary folk the chance at the American dream
    • To treat everyone as we would wish to be treated
    • To remember that everything we do is for the greater glory of God

    Founded January 22nd 1981 Granada Mortgage is a subsidiary of Capital International Financial, Inc (C.IF.I.) With over thirty 35 years of experience in providing loans, service, and expertise to home-buyers.

    C.I.F.I upholds an enduring presence in the lending community. By strategically meeting the ups and downs of the real estate and financial markets, C.I.F.I has remained steadfast in its mission to provide affordable home financing, unsurpassed service, and a dedicated workforce to meet our customers' needs. C.I.F.I was founded in 1981 as a mortgage Lender in Coral Gables, Florida. In its first decade, C.I.F.I went from Correspondent Lenders to Fannie Mae/ Freddie Mac Seller Servicers to further serve the needs of the community.

    C.I.F.I offers residential mortgage lending solutions, including conventional, FHA, VA, Jumbo, Non-Qualitative Mortgages, Portfolio Mortgages, Renovation Mortgages and Reverse Mortgages for seniors..

    CIFI is a Fannie Mae and Freddie Mac Seller Servicer, as well as a Full Eagle FHA Lender. C.I.F.I’s commitment to customer service, focus and innovation has positioned the company to serve our customers for many years to come. NMLS # 1036987.

    e-Closings

    e-Closing Types
    IPEN (In Person Electronic Notary) - This closing option takes place in person and all documents are signed digitally.
    RON (Remote Online Notary) - Everything is eSigned and eNotarized using audio and video webcam technology.

    Realtor Partners

    Realtor Partners

    We have a thorough understanding of the Real Estate industry and know that your best compliment is a referral. That is why we’ve developed a seamless mortgage process to ensure both you and your clients are satisfied!

    How Can We Make Your Life Better?

    CLO Program Explained

    Computerized Loan Origination Systems:

    For many years real estate brokerage and computerized loan originations were seen as activities best performed by separate parties, a view now beginning to shift because of new rules and changing technologies.

    Under the 1974 Real Estate Settlement and Procedures Act, known generally as RESPA, realty brokers are not allowed to make so-called "naked referrals." In essence, these are deals where the realty broker tells a lender that buyer Smith needs a loan and gets a fee in return. To this day naked referrals -- a cute term for kickbacks -- are banned by RESPA.

    But what would happen if they performed services needed for the production of a loan? Unlike a naked referral, actual work is being done in such cases.

    In 1984, HUD determined that under RESPA brokers could be paid fair value for the use of their facilities while in 1986 HUD said realty brokers could charge for loan origination services. In 1992 HUD added disclosure requirements and an obligation to offer loans from a variety of sources and by the mid-1990s lenders could place CLOs -- computerized loan origination systems -- in broker offices.

    The catch was that to this point, HUD said only borrowers could pay real estate brokers for lending services -- it didn't say lenders could pay such fees. In 1996, however, HUD agreed that brokers could be compensated for loan origination services by lenders if certain conditions were met.

    Today it's possible for brokers to earn computerized loan origination system fees when they provide something of value, perhaps the use of a facility or the provision of goods and services. Such CLO payments, however, must reasonably reflect the value of what the broker contributes to the lending process.

    What services can be compensated? HUD lists 14 specific items, but they generally can be boiled down into five categories.

    • Discuss loan options with consumers and prequalify applicants.
    • Take the loan application and submit loan packages for underwriting.
    • Verify employment, credit, and other data as underwriters require.
    • Order appraisal and title services.
    • Schedule closing and attend settlement.

    While there was once a time when computers were exotic -- think of those CLOs -- that's not the case today. The Internet allows brokers and consumers to check rates and look for mortgage programs on thousands of sites.

    Checking the marketplace today, the rules for brokers who now want to offer mortgage services look largely like this:

    Naked referrals are forbidden.

    Reasonable fees for services are allowed. The broker's activities as a loan originator must be fully disclosed. Consumers must have a choice of loans and lenders -- the more the better. A buyer cannot be required to use a given lender or loan source as a condition of purchasing a property.

    One buyer cannot be given preference over another because of the decision to obtain or not obtain financing from a broker. State rules may impact the ability of brokers to provide services and collect fees.

    For details, speak with legal counsel. Combine changing rule interpretations and the emergence of the Internet with new technologies and the result is that realty brokers have a growing ability to generate computerized loan origination systems or CLO. For consumers, access to more loan sources should be seen as a positive advance. And for buyer/borrowers who want "one-stop" shopping, such arrangements can hold value. Also new is the emergence of software which allow many loans, but not all, to be processed more-or-less automatically. If you have good credit and need conventional, portfolio, VA, or FHA financing the computerized loan origination systems and CLO process is much faster than in the past because of such technology.

    Realtor Partners

    Granada Mortgage is currently offering Realtors the opportunity to give their buyers a 1-Year Buydown at our expense.

    What is a Temporary Buydown?

    A temporary buydown is when a party in a mortgage transaction pays a lump sum in order to reduce the interest rate temporarily for early years of the loan. This can help a buyer ease into the full mortgage payment at the beginning of the loan term.

    How does a Temporary Buydown Work?

    In a temporary buydown, the rate is bought down for the first year of the mortgage loan. For instance, if the note rate is 6%, then the rate is reduced to 5% for the first year, and then remains at the note rate for the remaining life of the loan. The payments are lower during the first year than they are for the remaining years.

    How does Our 1-Year Buydown Work?

    It's Simple, We Pay for the Cost. Click the Coupon link below fill it out and either e-mail it to us or give to your buyer. Buyer must present the coupon at the time of application in order to qualify.