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FRANK & SHERYL's, Realty & Mortgage Services


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Loan Programs: Click on Any Loan Program for a Direct Link, WE DO THEM ALL HERE.
This is a list of some of the Loan Programs we offer. Too many more to list...

FHA home loans are ideal for first time homebuyers. They are made only by approved private lenders such as Direct Lender or approved mortgage banker, and insured by the Federal Housing Administration. Down payments, when and where required, can be in the form of gifts, grants or subordinate financing. These loans can be either fixed or adjustable interest rate with 30 year repayment terms. There is no prepayment penalty on FHA loans. Each area of the country has its own designated maximum loan amount, as determined by the Department of Housing and Urban Development (HUD).

is just one of a limited number of approved lenders to offer California's Housing Finance Agency (*CalHFA*) Homeownership home Loan Program. Featuring below market interest rates, down payment and closing cost assistance, with set fees. CalHFA is the perfect loan program for qualified first-time homebuyers. There are income, credit and sales price limitations in order to be eligible for CalHFA loans. For over 30 years, California Housing Finance Agency (CalHFA) has supported the needs of renters and first-time homebuyers by providing financing and programs that create safe, decent and affordable housing opportunities for individuals within specified income ranges. Established in 1975, CalHFA was chartered as the State’s affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds. A completely self-supporting State agency, bonds are repaid by revenues generated through mortgage loans, not taxpayer dollars.

HELP HAS ARRIVED, 1/2 Percent Down Payment for Primary Residence. 96.5% 1st: 3% 2nd.

CHF Access: 1/2% down payment assistance program requires minimum 580 Fico Score to qualify, or No Fico Score with alternative credit.


Sheryl Arndt, Broker/Loan Officer - NMLS# 297251        CHF Access 1/2% down payment program flyer

CHDAP: 1/2% down payment assistance programrequires a minimum 640 Fico Score to qualify.



Conventional home loans are mortgages that are not covered by any government program of insurance or guarantee. Such loans may be eligible for purchase by the major secondary market agencies, Fannie Mae and Freddie Mac, which offer standardized underwriting guidelines. these loans can be either fixed or adjustable interest rate and have a variety of repayment terms available that can be tailored to your individual needs.

Jumbo or Non-Conforming:
If the anticipated amount of your mortgage loan exceeds the maximum amounts permitted with Conventional loans. ADR Inc. offers a variety of mortgage options which will meet your needs. Referred to as Jumbo or Non-Conforming, loan amounts may be up to $2.0 million or more. They can be either a fixed or adjustable rate mortgage. Program parameters vary depending on the down payment and actual loan amount and terms acquiring their second, third or subsequent home loan.

Fannie Mae:
Fannie Mae provides stability, liquidity, and affordability to the nation's housing finance system under all economic conditions. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America. Fannie Mae was created in 1938, under President Franklin D. Roosevelt, at a time when millions of families could not become homeowners, or risked losing their homes, for lack of a consistent supply of mortgage funds across America. The government established Fannie Mae in order to expand the flow of mortgage funds in all communities, at all times, under all economic conditions, and to help lower the costs to buy a home. Fannie Mae has a unique duty to the public it serves -- and the private investors that fuel its service -- to be a model company focused on service, reliability, and value. Like all who participate in the housing market, Fannie Mae has a responsibility to help home buyers, homeowners, and communities through market challenges. We believe in the long term health of America's housing market. The nation is growing and that growth will bring a renewed demand for housing and for responsible, sustainable mortgage lending. Fannie Mae will be there to help meet America's changing housing needs.

Freddie Mac:
Every day Freddie Mac helps millions of families in neighborhoods across America buy their own homes or enjoy quality and affordable rental housing by linking them to the world's capital markets. In the process we reduce the costs of housing finance and expand housing opportunities for all families, including low-income and minority families. It is a unique mortgage finance system that makes homeownership a reality for more of America's families.

Ginnie Mae:
At Ginnie Mae, they help make affordable housing a reality for millions of low- and moderate-income households across America by channeling global capital into the nation's housing markets. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary market. The lenders can then use the proceeds to make new mortgage loans available.Ginnie Mae does not buy or sell loans or issue mortgage-backed securities (MBS). Therefore, Ginnie Mae's balance sheet doesn't use derivatives to hedge or carry long term debt.What Ginnie Mae does is guarantee investors the timely payment of principal and interest on MBS backed by federally insured or guaranteed loans — mainly loans insured by the Federal Housing Authority (FHA) or guaranteed by the Department of Veteran Affairs (VA). Other guarantors or issuers of loans eligible as collateral for Ginnie Mae MBS include the Department of Agriculture's Rural Housing Service (RHS) and the Department of Housing and Urban Development's Office of Public and Indian Housing (PIH).Ginnie Mae securities are the only MBS to carry the full faith and credit guaranty of the United States government, which means that even in difficult times an investment in Ginnie Mae MBS is one of the safest an investor can make.

Public School District Employees, certified or non-certified, and teachers, professors and employees of the California Community College System are eligible for California State Teachers Retirement System (*CalSTRS*) loan programs through FMC. High loan balances loans with various down payment options are just some of the many features of the CalSTRS program. CalSTRS allows one rate float down, at anytime after locking in the loan, if rates move down. The float down opportunity is available, just once, for 45 days following the lock-in of the loan.

is an approved California Public Employees Retirement System (*CalPERS*) lender. CalPERS members are eligible for program benefits such as reduced fees, highly competitive rates, and special low or no downpayment programs. such programs are available to any active, inactive, or retired member of CalPERS, Legislators' Retirement System (LRS), or the Judges" Retirement System (JRS). Qualifying for a CalPERS Home Loan is no different from qualifying for any other type of mortgage. But, the CalPERS program offers you many advantages over other loan programs. Key features include a free 60-day CalPERS interest rate lock with float down option.

Stated Income Loans: 80% LTV, up to 2 million.

Section 8 Homeownership Voucher program:

Available to individuals who have served or are currently in the U.S. armed forces that meet eligibility requirements. VA mortgages may be provided with no down payment required, making them ideal for first-time borrowers. VA loans are make by approved lenders, such as ADR and guaranteed by VA. Closing costs are regulated for the protection of the Veteran. VA loans are also assumable with release of liability and there are no penalties for prepayment.

If you're ready to buy a home, Sheryl Arndt is a CalVet certified Broker to meet your home financing needs! You will find many features and benefits with a CalVet loan that will save you money and help protect your investment for your family. CalVet offers below market interest rates with low or no down payment that increases your purchasing power and keeps your payment down. CalVet has expanded eligibility so that nearly any veteran wanting to buy a home in California is eligible. You may prequalifiy for a CalVet loan by clicking on our Loan application button,or by downloading and completing our pre-qualification form and sending it to our office. There is no charge for this service. We are regulated by CalVet as to the same charges they charge, so no additional charges apply. Sheryl Faulkner is a veteran as well and she loves promoting the CalVet Loan Program at FMC to benefit Veterans with their home purchase. The California Department of Veterans Affairs and its CalVet Home Loan program is committed to helping veterans and active duty personnel attain the American Dream of home ownership and while we currently don't have the legal authority to refinance homeowners who are in difficult situations, we are exploring possible legislative solutions.

USDA Rural:                                                Frank Shaw, Authorized USDA Rural Loan Officer
No where is the American dream of home ownership more desired than in California. There is no more committed group, helping Californians realize this dream than the USDA Rural Development Single-Family Housing Team. Their Single-Family Housing Program helps finance new or improved housing for moderate-,low- and very-low-income families each year. In 2007, they invested over $104 million in loan and grant programs to encourage affordable housing in California.Major initiatives within this department include Home Ownership Loans, which help low-income households purchase, construct, repair or relocate homes; Home improvement and Repair Loans and Grants, which enable very-low income rural homeowners to remove health and safety hazards from their homes and make homes accessible for people with disabilities; and Self-Help Housing Loans, which enable groups of 8-12 low-income families to build their own homes providing materials and skilled labor they cannot furnish themselves. California's robust housing market has created significant challenge for affordable housing in California. Strong demand for housing combined with higher construction costs and lagging incomes, makes homeownership difficult, especially for first-time homebuyers. USDA Rural Development, with its theme, "Committed to the future of rural communities," is committed to forming new partnerships with local business groups and lenders to strengthen the economic fabric of rural counties. They will remain steadfast in their missions to encourage development of low-income housing.




H.A.R.P. ( Home Affordable Refinance Program )


What Is The HARP Program?

The Obama Administration’s Home Affordable Refinance Program (HARP) is designed to assist homeowners in refinancing their mortgages – even if they owe more than the home’s current value.

9 out of 10 of eligible Homeowners fail to take advantage of this government program.

If you are current on your mortgage, with or without equity, then you are eligible for this program.



These are just some of the Home Loan Programs available and why Frank and Sheryl should be considered...

(Hundreds of Listings under $100,000 & UP.)


Sheryl Arndt, Broker/Loan Officer   DRE# 01140252   NMLS# 297251


Sheryl Arndt, Broker/Loan Officer is providing home loans for: Los Angeles County, Agoura Hills, Alhambra, Arcadia, Artesia, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, Calabasas, Carson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada-Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier, Madera County, Chowchilla, Madera, Marin County, Belvedere, Corte Madera, Fairfax, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, Tiburon, Mariposa County, Mendocino County, Fort Bragg, Point Arena, Ukiah, Willits, Merced County, Atwater, Dos Palos, Gustine, Livingston, Los Banos, Merced, Modoc County, Alturas, Mono County, Mammoth Lakes, Monterey County, Carmel, Del Rey Oaks, Gonzales, Greenfield, King City, Marina, Monterey, Pacific Grove, Salinas, Sand City, Seaside, Soledad, Napa County, American Canyon, Calistoga, Napa, St. Helena, Yountville, Nevada County, Grass Valley, Nevada City, Truckee, Orange County, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin , Villa Park, Westminster, Yorba Linda, Placer County, Auburn, Colfax, Lincoln, Loomis, Rocklin, Roseville, Plumas County, Portola, San Bernardino County, Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Fontana, Grand Terrace, Hesperia, Highland, Loma Linda, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, San Bernardino, Twentynine Palms, Upland, Victorville, Yucaipa, Yucca Valley, Riverside County, Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Cathedral City, Coachella, Corona, Desert Hot Springs, Hemet, Indian Wells, Indio, La Quinta, Lake Elsinore, Moreno Valley, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, Riverside, San Jacinto, Temecula, Placer County, Auburn, Colfax, Lincoln, Loomis, Rocklin, Roseville, Sacramento County, Folsom, Galt, Isleton, Sacramento, San Benito County, Hollister, San Juan Bautista, San Diego County, Carlsbad, Chula Vista, Coronado, Del Mar, El Cajon, Encinitas, Escondido, Imperial Beach, La Mesa, Lemon Grove, National City, Oceanside, Poway. San Diego, San Marcos, Santee, Solana Beach, Vista, San Francisco County, San Francisco, San Joaquin County, Escalon, Lathrop, Lodi, Manteca, Ripon, Stockton, Tracy, San Luis Obispo County, Arroyo Grande, Atascadero, Grover Beach, Morro Bay, Paso Robles, Pismo Beach, San Luis Obispo, San Mateo County, Atherton, Belmont, Brisbane, Burlingame, Colma, Daly City, East Palo Alto, Foster City, Half Moon Bay, Hillsborough, Menlo Park, Millbrae, Pacifica, Portola Valley, Redwood City, San Bruno, San Carlos, San Mateo, South San Francisco, Woodside, Santa Barbara County, Buellton, Carpinteria, Guadalupe, Lompoc, Santa Barbara, Santa Maria, Solvang, Santa Clara County, Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga, Sunnyvale, Santa Cruz County, Capitola, Santa Cruz, Scotts Valley, Watsonville, Shasta County, Anderson, Redding, Shasta Lake, Sierra County, Loyalton, Siskiyou County, Dorris, Dunsmuir, Etna, Fort Jones, Montague, Mount Shasta, Tulelake, Weed, Yreka, Solano County, Benicia, Dixon, Fairfield, Rio Vista, Suisun City, Vacaville, Vallejo, Sonoma County, Cloverdale, Cotati, Healdsburg, Petaluma, Rohnert Park, Santa Rosa, Sebastopol, Sonoma, Windsor , Stanislaus County, Ceres, Hughson, Modesto, Newman, Oakdale, Patterson, Riverbank, Turlock, Waterford, Sutter County, Live Oak, Yuba City, Tehama County, Corning, Red Bluff, Tehama, Trinity County, Tulare County, Dinuba, Exeter, Farmersville, Lindsay, Porterville, Tulare County, Tulare, Visalia, Woodlake, Tuolumne County, Sonora, Ventura County, Camarillo, Fillmore, Moorpark, Ojai, Oxnard, Port Hueneme, Santa Paula, Simi Valley, Thousand Oaks, Ventura, Yolo County, Davis, West Sacramento, Winters, Woodland, Yuba County, Marysville, Wheatland, Alameda County, Alameda, Albany, Berkeley, Dublin, Emeryville, Fremont, Hayward, Livermore, Newark, Oakland, Piedmont, Pleasanton, San Leandro, Union City, Alpine County, Amador County, Amador City, Ione, Jackson, Plymouth, Sutter Creek, Butte County, Chico, Gridley, Oroville, Paradise, Calaveras County, Angels Camp, Valley Springs, Colusa County, Colusa, Williams, Contra Costa County, Antioch, Brentwood, Clayton, Concord, Danville, El Cerrito, Hercules, Lafayette, Martinez, Moraga, Orinda, Pinole, Pittsburg, Pleasant Hill, Richmond, San Pablo, San Ramon, Walnut Creek, Del Norte County, Crescent City, El Dorado County, Placerville, South Lake Tahoe, Fresno County, Clovis, Coalinga, Firebaugh, Fowler, Fresno, Huron, Kerman, Kingsburg, Mendota, Orange Cove, Parlier, Reedley, San Joaquin, Sanger, Selma, Glenn County, Orland, Willows, Humboldt County, Arcata, Blue Lake, Eureka, Ferndale, Fortuna, Rio Dell, Trinidad, Imperial County, Brawley, Calexico, Calipatria, El Centro, Holtville, Westmorland, Inyo County, Bishop, Kern County, Arvin, Bakersfield, California City, Delano, Kern County, Maricopa, McFarland, Ridgecrest, Shafter, Taft, Tehachapi, Wasco, Kings County, Avenal, Corcoran, Hanford, Lemoore, Lake County, Clearlake, Lakeport, Lassen County, Susanville,