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NMLS ID # 91893

Loan Programs

The following is a partial list of programs offered by Redwood Mortgage Services with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 800-762-8809 .


Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.

Jumbo Loans

Offers 30 and 15 year fixed rate mortgage and competitive adjustable rate products. Cash out and no cash out refinance is allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.

Second Mortgage Loans

Subordinate to the first mortgage, these loans offer the borrower the ability to borrow money for home improvements, debt consolidation, or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.

Construction Loans

Building a new home can be an exciting prospect - unless you get caught up in a construction loan approval process that is overly complicated and time consuming. With this loan, we will finance up to 90% of the cost of land plus the costs of construction. We offer a one-time fixed rate closing or traditional ARM products.

Investment Property Loans

Used to finance 1-4 family properties that will be for investment purposes with as little as a 15% down.

FHA Mortgage

Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as a 3% down payment and they can even finance allowable closing costs. Seller may contribute up to 6% of the purchase price to the buyer towards closing costs.

VA Mortgages

Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.

Reverse Mortgages

With a Reverse Mortgage a borrower must be at least 62 year of age and a lender pays you money through monthly installments, a lump sum, a line of credit or a combination of these options. A Reverse Mortage eliminates your existing mortgage payment.

USDA / RDA Loans

A USDA/RDA loan is a loan program that is insured by the US Department of Agriculture and is available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by the USDA.