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  Paramount Residential Mortgage Refinance Group

Paramount Residential Mortgage Refinance Group

in Mortgage Refinance from Paramount Residential Mortgage Group · NMLS ID #75243

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Paramount Residential Mortgage Refinance Group

Unaffiliated

in Mortgage Refinance from Paramount Residential Mortgage Group · NMLS ID #75243

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Highlights
Loan Amount Up to $3,000,000
Loan Term (Years) 10 - 30 years

Paramount Residential Mortgage Refinance Group Review

Paramount Residential Mortgage Refinance Group is offered by Paramount Residential Mortgage Group (NMLS #75243), a direct lender founded in 2001 and based in Corona, CA. Paramount Residential Mortgage Refinance Group is available in 47 states (and Washington, DC).

Key Takeaways
  • 4 different mortgage programs offered. Paramount Residential Mortgage Refinance Group refinances FHA, FHA 203k, USDA, VA, conforming, and conventional mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Non-standard interest rates available. Paramount Residential Mortgage Refinance Group offers hybrid mortgages and fixed-rate mortgages.
  • Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage refinance loan early.
Paramount Residential Mortgage Refinance Group Pros & Cons
Pros Cons
  • Available in 47 states.
  • Charges an origination fee.
  • Charges prepayment fees.
Paramount Residential Mortgage Refinance Group FAQ

What is the maximum loan term for a mortgage refinance via Paramount Residential Mortgage Refinance Group?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Paramount Residential Mortgage Refinance Group offers mortgages refinancing with terms ranging from 10 to 30 years.

Does Paramount Residential Mortgage Refinance Group charge a mortgage origination fee?

Yes, Paramount Residential Mortgage Refinance Group will charge a loan origination fee.

What mortgage programs does Paramount Residential Mortgage Refinance Group offer?

Paramount Residential Mortgage Refinance Group offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • FHA 203k: An FHA mortgage you can also use to finance home improvements.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does Paramount Residential Mortgage Refinance Group allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Paramount Residential Mortgage Refinance Group allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
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Contact

  • Headquarters
  •   1265 Corona Pointe Court Third Floor
    Corona, CA 92879 USA
  •   Visit Site

Other Services by Paramount Residential Mortgage Group

Availability

  Available in 47 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Loan Term 10 - 30 years
Loan Amount Up to $3,000,000
Interest Rate Types Offered
  • Hybrid Mortgage
Mortgage Programs
  • FHA
  • FHA 203k
  • USDA
  • VA
Terms 5/1, 7/1, 10/1, 10, 15, 20, 25, 30 years

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