Mortgage Overview

Ready to Buy a Home?

VIP offers a wide array of competitive loan programs for home buyers and is committed to finding the right home loan for you through responsible lending practices. Whether you are a first-time home buyer, need a second mortgage loan, are refinancing an existing loan, or looking to obtain a Reverse Mortgage loan, we offer all of the most popular loan options:

Loan Options Explained

Conventional Home Loans are the most secure loans and create immediate equity in one's home by requiring between 5% and 20% down payment. Home buyers can choose between 15-year fixed mortgage, 20-year fixed mortgage, and 30-year fixed mortgage rates, depending on what they want their mortgage payment to be.

Adustable Rate Mortgage (ARM) is a good option for home buyers not planning on being in their home for a long period of time. An ARM has an interest rate that changes after a fixed number of years, usually 5-7 years, and allows you to pay thousands less on your mortgage. However, after the designated time frame, the rate is no longer fixed and will fluctuate; either increasing or decreasing your monthly payment, so it is not ideal for home buyers staying put long term.

FHA Loans are designed to help first-time homebuyers and buyers who may have a blemish on their credit report or don't have a large down payment get a mortgage loan. A FHA loan provides borrowers with flexibility and adaptable qualification guidelines.

Jumbo Loans are offered when the loan amount exceeds what is known as the conforming loan limit and are not eligible to be purchased, guaranteed or securitized by Fannie Mae or Freddie Mac.

VA Loans allow qualified veterans to purchase a home costing up to $417,000 without a down payment. The qualification guidelines for VA Loans are more flexible than with FHA Loans and Conventional Loans.

HUD Section 184 Loans is a home mortgage specifically designed for Native American tribal members. Section 184 loans are guaranteed 100% by the Office of Loan Guarantee within HUD's Office of Native American Programs.

USDA-Rural Loans is a government-insured home loan that allows borrowers to purchase a home with no money down. USDA Home Loans, also known as Rural Development Loans, offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or financed into the loan.

Getting Started

VIP Mortgage knows that buying a home can be intimidating and complex. We're here to guide you through the mortgage loan process and make the home buying experience enjoyable and stress free - just as it should be!

What You'll Need

  • Verification of employment for you and your co-borrower, if you plan to have one
  • Information about your debts and assets
  • Most recent pay stubs for 1 month
  • W-2s from the previous 2 years
  • Signed copies of the last 2 years' tax returns along with all schedules that were filed
  • Homeowner's insurance company name and number
  • Most recent bank statements for 2 months
  • Most recent statements from any retirement and investment accounts for two months

VIP's Promises to You

  1. Choice

    We offer a full range of mortgage loan programs, including fixed rate loans, adjustable rate loans, and interest only, and will guide you in choosing the loan program best suited for you and your financial goals.
  2. Education

    We will educate you on how each loan process works from start to finish, ensuring you fully understand the advantages and disadvantages of each loan option to help make your financial decision easier. Our Buyer Preparedness Program for first-time home buyers helps make this a knowledgeable and pleasant learning experience.

  3. Communication

    Our No. 1 commitment to you is communication. We will keep you updated in every step of the loan process, which leads to great customer satisfaction - VIP's top priority.

We won't stop working until your home loan meets your financial needs and goals.

Contact Matt Chao


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© 2017V.I.P. Mortgage, Inc. does Business in Accordance with Federal Fair Lending Laws. NMLS ID 145502. AZ: Mortgage Banker License No. BK-0909074. CA: BRE Real Estate Corporation License Endorsement 01866775 | DBO Residential Mortgage Lending Act License 4131324 D.B.A. V.I.P. Independent Mortgage, Inc. | 41DBO-58745. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. CO: Mortgage Company Registration 145502. Regulated by the CO Division of Real Estate. FL: Mortgage Lender License MLD1399; MLDB4970. HI: Mortgage Loan Originator Company License HI-145502. IL: Illinois Residential Mortgage Licensee MB.6760990. IN: DFI First Lien Mortgage Lending License 21573; DFI Subordinate Lien Mortgage Lending License 21574. MI: First Mortgage Broker/Lender License FL0017723; Second Mortgage Broker/Lender Registrant License SR0017724. MN: Residential Mortgage Originator License MN-MO-145502, Minnesota Residential Servicer License MN-MS-145502. NC: North Carolina Mortgage Lender License State License #: L-170588. NE: Mortgage Banker License 2032 | Banker License 1081833. NM: MLC 397200 | MLC 3769 | MLC 834012 | MLC 1081833 | MLC 336964. OR: ML-5444-3 | ML-5444-2 | ML-5444-1 | ML-5444. TX: SML Mortgage Banker Registration. N.A. D.B.A. V.I.P. Independent Mortgage, Inc. UT: DRE Mortgage Entity License No: MLCO-7233522 | DRE-8993850. WA: Master Business License No. 602 774 478, Consumer Loan Company License No. CL-145502 | CL-172492 | CL-336964 | CL-1252401 | CL-1355178. WI: Mortgage Banker License No. 145502BA | 172492BA , WI- Mortgage Broker License No. 145502BR | 172492BA. V.I.P. Mortgage, Inc. does Business in Accordance With Federal Fair Lending Laws. V.I.P. Mortgage Inc. is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. V.I.P. Mortgage Inc. is approved to participate in FHA programs but the products and services performed by V.I.P. Mortgage Inc. are not coming directly from HUD or FHA.