Warehouse Lending in Fetters Hot Springs-Agua Caliente, CA

Warehouse lenders in Fetters Hot Springs-Agua Caliente, CA offer financing to other mortgage lenders so they can originate their mortgages. This type of short-term funding gives smaller lenders enough liquidity to focus on making new mortgages while selling existing mortgages on the secondary market.

Small mortgage bankers and lenders in Fetters Hot Springs-Agua Caliente, CA rely on warehouse lines of credit to finance operations, and they pay back the warehouse loans when the mortgages are sold, sometimes giving the warehouse lender a percentage of each loan that is eventually sold. The mortgage is used as collateral for the financing.