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Low Rates. No Hassle.

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Don't have enough money for a down payment?

We Can HELP with

Down Payment Assistance Programs!

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Services

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HOME PURCHASING

Get Approved with us through one of our many Loan Programs and buy the home of your dreams. Let us answer all of your questions and help you the best way know how.

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HOME REFINANCING

Looking to consolidate debt? Lower your payment or rate? Remove Mortgage Insurance? Cash out and buy another home? Look no further. We have programs for every situation.

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MORTGAGE TOOLS

Find out how much you can afford with our mortgage calculators. Calculate monthly payment, difference between renting and a mortgage, debt to income ratio, tax savings, and more. 

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We are...Ur#1LocalLender

Marcia Frater
Loan Officer | NMLS#: 247105

Hi there, The Frater Team is your Local Mortgage Expert to get you the home loan you need. We have been able to help our Clients get what they want no matter the market challenges and the industry restrictions. Our "Can Do" Attitude comes from many years of being a top producing loan Origination team in the Inland Empire. 


Our listening skills, creative problem solving and forward thinking gives us the edge to get approvals when others couldn't. You can count on us because of our courageous, direct and trustworthy approach to business. Like other Lenders we can say the usual "we close on time, "we are a direct lender" etc. however, that is what's expected in the Lending business right? The difference is in how it all gets done... We do not give up and we do not take a Loan on, unless we know it will work. 


We maintain constant communication with you, via email text and phone and YES - "in person" when you need us and as often as you need us to do so. You can trust us to guide you through Financing Process and to present the financing Options to help you meet you goal of Home Ownership, Whether you need help with a 100% Down Payment Assistance program or a Jumbo loan. 

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With strong work ethics and passion you can trust us to keep the promises we make.

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Also, Ur1LocalLender have programs for every home refinancing in California.

FINANCING PROGRAMS

Your Strategic Partner

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JUMBO LOANS

My clients are my number one priority, and my services prove just how committed I am to their success. Book an introductory meeting today to learn more about how I can make your business thrive.

DOWN PAYMENT ASSISTANCE PROGRAMS

My services are customized to meet the specific needs of each client. I work collaboratively throughout the entire process and guarantee measurable results. Contact me to find out how I can help today.

TESTIMONIALS

The constant communication with me, made me feel like I wasn’t in this alone, like they were with me every step of the way.

Winifred R.

Marcia kept me informed on the different loans that I qualified for when buying the house. She will always call me with a personal touch and took her time on explaining so I could understand. I want to say thank you and she made my journey pleasant. 😇

Sharon S.

I have worked with Marcia in the past and would follow here wherever she goes. She is consistent, honest, and trustworthy! She keeps in constant communication and answers any and all questions that come up. I have and will keep referring people her way!!

 

Don't let her go, she is a gem!!

Lisa R.

I really appreciate Marcia and Alejandra's help and getting me my first home. It was a roller coaster ride getting to that process of being a home buyer but they made sure that I was on top of everything and was very patient throughout. Thank you again girls!!

Rachel S.

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Featured Videos

Is a Home Equity Line of Credit Right for you?
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Is a Home Equity Line of Credit Right for you?

When contemplating tapping into the equity of your home for cash, it's beneficial to explore the available options. If your current mortgage boasts a favorable rate, consider a home equity line of credit as a potential choice. With a home equity line of credit, you can maintain your existing rate while accessing the cash you require. So, what exactly is a home equity line of credit? It is a secondary mortgage that provides cash access based on your home's value, also serving as a primary mortgage if you fully own your home. The borrowing is against your equity, calculated as your home's value minus the amount owed on your primary mortgage. Typically, you can borrow up to 85% of your equity, contingent on your credit score and debt-to-income ratios. A home equity line of credit allows you to withdraw and repay cash on a monthly basis, resembling the structure of a credit card. When seeking a loan, leveraging the equity in your home often results in obtaining the most favorable interest rates. Key points: Home equity line of credit enables you to borrow cash from your home's value, ideally for wealth-building purposes like home improvement or significant life events. We permit borrowing up to 85% of your home's value minus outstanding mortgage debts. Typically, you have 5-10 years for cash withdrawals and an additional 20-25 years for repaying the principal with interest at a variable rate. Qualification requirements usually include a credit score over 620, a debt-to-income ratio below 50%, and a minimum equity of 15%. About home equity line of credit rates: The APR for home equity line is influenced by factors such as credit scores, existing debts, and the desired loan amount. We offer a fixed rate option for home equity line of credit and home equity loans, allowing you to lock in your APR during equity withdrawals, protecting your loan from fluctuating interest rates. Other home equity line of credit rates are tied to prime rate with a margin added based on the borrower's profile. For example, a 1.5% margin on an 8.5% prime rate results in a 10% borrower rate. Some home equity lines of credit have variable interest rates, adjusting with baseline interest rate changes, but still typically lower than credit cards or personal loan rates. If you're apprehensive about potential future rate increases, a fixed rate home equity line of credit or home equity loan might be preferable. Only one thing is certain when it comes to home financing, you're likely to have questions. Give us a call to answer them when you're ready. Reach out or apply now with a soft credit pull. Ur1LocalLender - The Frater Team https://www.ur1locallender.com/ Marcia M. Frater Loan Officer | NMLS No. 247105 Mobile: (951) 830-2065 Office: (951) 284-4621 MFrater@PRMG.net 1265 Corona Pointe Court | Corona, CA 92879 #Ur1LocalLender #TheFraterTeam
DOWNPAYMENT ASSISTANCE
02:29

DOWNPAYMENT ASSISTANCE

There are fantastic opportunities regarding 100% home loan financing. These programs are available even if you currently own a home or if you're not a first-time home buyer and are also available to military veterans. 100% home loan financing, also known as zero down payment mortgages, allows you to finance the entire purchase of your home without needing to make a down payment. This means you can buy a home with no money down. Some programs will cover some of the closing costs and allow the sellers to pay closing costs, which can be incredibly appealing, especially for first-time home buyers or those with limited savings. The benefits of 100% home loan financing are clear. You can become a homeowner without having to wait years to save up for a down payment. This can help you to get into your dream home sooner and avoid the need to continue renting while you save up funds. By removing the need for a down payment, these programs open the doors for home ownership that may have seemed out of reach before. You can use your savings for other purposes, or if you're a homeowner looking to transition, you won't need to wait to sell your current property before moving into your new home. While eligibility may vary depending on factors such as credit scores, income, and debt-to-income ratios, these programs offer a viable path to home ownership for many individuals and families. We offer programs with FICO scores as low as 600, no income limits, and higher debt-to-income ratios. Let us take 15 minutes to guide you to the option that works best for you. If you're interested in learning more about these down payment assistance programs and how they can benefit you, please reach out to schedule a consultation. We'll take the time to assess your circumstances and help you find the perfect fit. Some of these programs not only offer 100% financing options, they also offer closing cost assistance. Don't let down payment stand in the way of your home ownership dreams. With down payment assistance up to 100% financing options available, we're excited to help you take the next step towards finding and securing your ideal home. Looking forward to speaking with you soon. Ur1LocalLender - The Frater Team https://www.ur1locallender.com/ Marcia M. Frater Loan Officer | NMLS No. 247105 Mobile: (951) 830-2065 Office: (951) 284-4621 MFrater@PRMG.net 1265 Corona Pointe Court | Corona, CA 92879 #Ur1LocalLender #TheFraterTeam
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