About Let's Do Home Loans
At Let's Do Home Loans, we get to know our clients personally and develop a mortgage strategy based on your specific financial goals and objectives. We are not a bank or direct lender, so we are always working with your best interests in mind. If you are looking for a broker look no further; we can help you with all of your residential home loan needs.
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Working with a
Diverse Group of Borrowers
At Let's Do Home Loans, we work with homebuyers and homeowners that have a wide variety of budgets and goals.
We can help you secure financing for a wide range of loans including:
FHA Home Loan
An FHA loan is very popular, especially for first time home buyers, with a down payment as low as 3.5%. FHA loans are generally easier to qualify for than conventional mortgages and borrowers with credit problems can be approved with a low-interest rate...​
Conventional Loans
A conventional loan is not backed by the government and is a good choice for borrowers with excellent credit and a sizable down payment...
VA Home Loan
VA loans are available to qualified veterans, activity duty personnel, and some surviving spouses. The VA program offers flexible loans with low-interest rates, less stringent requirements, and no down payment or private mortgage insurance required...
Reverse Mortgage
A reverse mortgage is available to homeowners aged 62 and older who want to access the equity in their home. There are no income requirements as there are no monthly payments to make...
HomePath Mortgage Loan
HomePath loans are available on properties owned by Fannie Mae. The program comes with a 5% down payment requirement and no mortgage insurance...
HARP Mortgage
This federal program helps homeowners refinance their mortgage even if they are underwater or have very little equity...
USDA Home Loans
USDA home loans are available on homes in designated rural areas to homeowners within income limits. A USDA loan has no down payment requirement and less stringent requirements than most loans...
Jumbo Home Loan
A jumbo loan exceeds conforming loan limits. Despite higher borrowing costs, jumbo loans offer several advantages, including the ability to buy a more expensive home with a competitive interest rate...
FHA Streamline Refinance
An FHA Streamline refinance is the easiest way to refinance an existing FHA loan with no verification of assets, employment, or income required. There is no appraisal necessary, so underwater homeowners are encouraged to use this program...
Fixed Rate Mortgage
Fixed rate mortgages maintain the same rate for the life of the loan and are best suited for borrowers who want a predictable mortgage payment that will not increase dramatically...
ARMs
An adjustable rate mortgage has a lower introductory interest rate that later adjusts annually. An ARM has an initial interest rate much lower than a fixed-rate loan with a lower mortgage payment...
Private Money Loans
Private money or hard money loans are obtained through an individual or business. These loans are easy to qualify for with fast approval and funding. This option is best for fixer uppers and home flippers...
Bridge Loans
A bridge loan, or swing loan, is a short-term loan used to secure the purchase of a new home until long-term financing is obtained...
HELOC
A home equity line of credit is a loan set up as a line of credit with a maximum draw. Most HELOCs are second mortgages with a draw period that lasts up to 10 years and repayment terms up to 20 years to allow homeowners to access their home's equity...
Refinancing
Refinancing a mortgage pays off an existing home loan and replaces it with a new loan. Refinancing may be done to get a lower interest rate, access equity in the home or refinance into a different type of mortgage...
Construction Home Loans
Construction loans are used by borrowers who want to build their own home. While these loans are short-term, many can be converted into permanent financing when home construction is complete...
Balloon Loans
Balloon loans require a one-time payment at the end of the loan, in exchange for lower monthly payments...
Interest Only Home Loans
An interest only loan gives homeowners the option of making interest-only mortgage payments, rather than payments that consist of interest and principal...
Assumable Loans
An assumable loan is one that a qualified individual(s) can take over. Assumable mortgages allow a buyer to assume the same interest rate, repayment period, current balance and other terms of the mortgage rather than getting a new loan...
No Income Verification Loans
A no income verification loan, or stated loan, is popular among self-employed home buyers who have trouble documenting steady income or those who receive income from several sources...
Subprime Loans
Subprime loans are typically made to borrowers with a low FICO score and a high loan-to-value ratio...
Simplifying the Mortgage Process
Buying a home is one of the biggest purchases you will make. With so much information to look through, the prospect of even beginning to search for a new home can feel daunting and overwhelming.
We're in the business of helping individuals and families find the perfect property and secure competitive mortgage rates. You're looking for the perfect home, we are here and dedicated to helping you find it.
Experienced Mortgage Professionals
The professionals at Let's Do Home Loans offer a range of experience when it comes to securing the best financing for their financial goals, and matching prospective buyers with the perfect property.
By working with a real estate professional at Let's Do Home Loans, you will have the benefit of industry expertise and knowledge guiding you the entire way.
What Our Customers Are Saying
"My wife and I been working with Michael at Let's Do Home Loans for the last 2 years through our initial home buying, then refinance when rates dropped. He is a true professional and an absolute pleasure to work with. There is no question or detail too small when reaching out to him. He'll spend the time explaining it until you fully understand it. We always felt he had our best interests in mind.
Russell C.Chino, CA
"Michael and the Let's Do Home Loans team were instrumental in achieving my goal of homeownership. As a first time homeowner, I hardly knew what to expect, especially when it came to financing, but they made each step of the way easy to understand, so much less daunting, and really enjoyable! They were incredibly patient, thoughtful, and quick in responding to my endless questions. I would highly recommend Let's Do Home Loans to anyone looking to finance a home.
Leila T.Newport Beach, CA
"We used Michael Mannino at Let's Do Home Loans for a purchase transaction last month and he went above and beyond anyone for our client. Nothing but praises from the family who used him. They contacted us again to use Michael and Let's Do Home Loans because of their great experience with him. He definitely earned our trust for future referrals. Thank you Michael and Let's Do Home Loans.
Daniel R.San Pedro, CA
Latest News
The Do’s and Don’ts of Gift Funds
- April 25, 2022
A gift can put homeownership in reach for plenty of aspiring homeowners. When you speak with your lender about which loan program is best for you, be sure to let them know up front that you plan on using gift funds for the down payment. Some loan programs have strict guidelines about how much gift money you can use for a down payment and who can gift you the money.
5 Myths About VA Loans
- September 06, 2021
VA loan have exploded in popularity in recent years, yet many borrowers, home sellers and real estate agents remain skeptical of mortgages backed by the Department of Veterans Affairs. The knocks on VA loans include long closing times, thickets of red tape and strict rules around home inspections. While the Department of Veterans Affairs largely …
How to know if it is time for you to refinance?
- July 26, 2020
As mortgage rates keep plunging to new lows, homeowners are seizing on opportunities to reduce their monthly payments and total interest costs. The unprecedented rate drop has doubled the number of mortgage refinance applications compared to a year ago. When you refinance, you get a new home loan with new terms, and you pay off your existing …
Continue reading “How to know if it is time for you to refinance?”
Why Real Estate Is A Solid Long-Term Investment
- May 13, 2020
Are you thinking about purchasing your first piece of real estate? Investing in property is one of the best assets you can acquire. There’s a reason why every successful investor has real estate in their portfolio – it’s a tangible way to accumulate wealth in a fixed asset. There are numerous methods for investing in …
Continue reading “Why Real Estate Is A Solid Long-Term Investment”
How Much Do I Need For A Down Payment?
- May 01, 2020
Your required down payment will mainly depend on the type of mortgage chosen and your finances. Coming up with adequate cash for a down payment is by far the biggest roadblock to home ownership. Down Payment Explained A down payment will be the cash you pay upfront to purchase your home, and is typically expressed …
Getting a Financial Gift? Here Are the Rules
- April 25, 2020
Home buyers, especially first time home buyers, say the biggest obstacle when buying a home is saving up enough money for a down payment and closing costs. And even though there are a few popular loan choices for first-timers, they still typically need to come up with a down payment of at least 3% of …
Continue reading “Getting a Financial Gift? Here Are the Rules”
What is PMI (Private Mortgage Insurance)?
- April 02, 2020
Private mortgage insurance, or PMI, has been around in some form for decades. Back in the late 1950s, the first private mortgage insurance policy was introduced, giving a boost to the real estate industry. Prior to the introduction of PMI, buyers wanting a conventional mortgage would have to come to the closing table with a …
Continue reading “What is PMI (Private Mortgage Insurance)?”
What is the Difference Between a VA, FHA, and Conventional Home Loan?
- March 24, 2020
As you shop for a loan, you may notice you have many options. Conventional loans are the most commonly known, but there are plenty of government-backed loans too. Understanding your options can help you make the right choice. Government-Backed Loans Let’s start with government-backed loans because they have the most flexibility. The VA and FHA …
Continue reading “What is the Difference Between a VA, FHA, and Conventional Home Loan?”
What Does Locking a Loan Mean?
- February 20, 2020
Mortgage rates change often, even several times a day. While you go through the underwriting process, rates can easily go up or down enough that your payment could change drastically one way or the other. This occurs until you lock in an interest rate. Just what does that mean and how do you do it? …
The Difference Between a Fixed Rate Mortgage and Adjustable Rate Mortgage
- January 14, 2020
Many borrowers automatically choose the fixed rate mortgage, but it’s not the only option. What if you could get a lower initial interest rate and save money for a few years? That’s what an adjustable rate mortgage does for you. No mortgage rate is a one-size-fits-all approach, though. Learn the differences between the fixed and …
Continue reading “The Difference Between a Fixed Rate Mortgage and Adjustable Rate Mortgage”