Mortgage rates for Bank Employees in California

If you are a Bank employee in California. There could be policy restrictions for employees obtaining mortgage from the bank amongst others.

A community program is a program where services specific to the industry is considered essential for community development and hence backed by Government Agencies.

We have a community program for employees of bank seeking mortgage. This community program is essentially designed keeping in mind that either the employees at the bank would be a full timer or part time employee. Some of them could be in sales and hence working purely on commission income. Some of them may be a Non Permanent Resident Alien specially people i IT where the banks have hired them from other countries who have a sustained employee background but are not Green card holder or US citizen. They may be working on certain special Visa Types.

Some of the guidelines have been relaxed in terms of higher debts. Some of the banking personnel who are from other countries shall be accommodated using Employment Authorisation Document which is a sort of proof of working permits.

In majority of the cases as long as the mortgage is within the loan limit of Fannie Mae and Freddie Mac. They shall be underwritten as per Government guideline and hence shall have the Government backing.

The borrowers covered under the program can have various positions such as:

Banking Manager

Banking Analyst/Associate

Relationship Manager/Associate

Information delivery

Financial Service Professional

Bank Teller etc

Financial Analysis Manager

Credit Risk Manager

Retail Branch Trainer

Fraud Investigation Manager

If associated with a different Industry Segment. Contact your Chester CA mortgage expert to check if you qualify for the benefits of community Program to get the lowest mortgage rate on your refinance.

For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower.

Article by Roger Shanker