Mortgage Broker Serving Riverside, CA

We offer a wide range of loan options including FHA, VA, USDA, conventional, jumbo loans, and refinance programs. Whether you're a first-time buyer or upgrading, we’ll help match you with the right solution.

FHA loans are popular among first-time buyers because they allow lower credit scores and smaller down payments. We review your income, credit, and debt to determine eligibility and guide you through approval.

Yes, Riverside buyers may qualify for local and state assistance programs that can reduce or even eliminate your upfront costs. We help you find and apply for programs you qualify for.

Most loan programs accept scores starting around 580–620, depending on the loan type. If your score needs improvement, we’ll create a plan to help you qualify for better rates.

Your affordability depends on your income, debts, credit, and current interest rates. We provide a personalized breakdown so you understand your monthly payment before you commit.

FHA loans are great for low down payments, VA loans are for eligible veterans with no down payment, and USDA loans are designed for homes in qualifying rural or suburban areas. We help you choose what fits best.

Pre-approval can take as little as 24-48 hours, while full loan approval typically takes 2-4 weeks depending on your situation and documentation.

Most TMPG Riverside files close in 30 to 45 days from initial application. Pre-approval typically takes 2-5 business days once we have your full documentation. From the day you go under contract on a Riverside home, we target conditional underwriting approval within 10 business days, clear-to-close in 18-25 days, and funding within 30-45 days total. VA Streamline (IRRRL) refinances and FHA Streamlines can close faster — often in 21 days — because they don't require a full appraisal.

A mortgage broker (like TMPG) shops multiple wholesale lender programs to find the right fit for your specific situation — different lenders have different appetites for credit scores, debt-to-income ratios, and income types. A bank can only offer its own mortgage products, which means if you don't fit their underwriting box, you're declined. Brokers are typically a better fit for self-employed borrowers, lower-credit buyers, jumbo borrowers, and anyone with non-standard income. Banks may be slightly faster for vanilla W-2 borrowers with strong credit.

The 2026 FHA loan limit for Riverside County is $690,000 for a single-family home. For 2-unit properties it rises to $824,450, 3-unit to $996,550, and 4-unit to $1,238,500. If your purchase price is above $690,000 (1-unit), you'll typically need to either bring a larger down payment to stay within the FHA limit or move to a conventional loan, where the 2026 Riverside County conforming limit is $832,750.

Yes. The Mortgage Phoenix Group is a division of Statewide Funding Inc., NMLS #1105497 | DRE #01939849. All our loan officers are individually NMLS-licensed in California. You can verify any licensed mortgage originator at the NMLS Consumer Access website. We carry full E&O insurance and operate under California Department of Financial Protection and Innovation oversight.

Yes — first-time homebuyers are one of our largest client groups in Riverside. We specialize in FHA loans with 3.5% down, conventional 97 loans with 3% down, and California down payment assistance programs (CalHFA MyHome, Forgivable Equity Builder) that can cover most or all of the down payment. We walk you through every term — appraisal contingency, debt-to-income ratio, mortgage insurance — in plain language. No assumed knowledge. Many of our first-time buyers are first-generation homeowners.

Yes. We offer bank statement loans (non-QM) that qualify self-employed borrowers based on 12 or 24 months of business or personal bank statement deposits — no tax returns required. We also offer 1099-only qualification programs for independent contractors and DSCR loans for real estate investors. These are programs banks typically don't offer. We close bank statement loans for Riverside business owners, gig workers, real estate agents, and small business operators regularly.

Yes — VA loans are one of our core specialties, and we work with many veterans connected to March Air Reserve Base and the broader Inland Empire veteran community. VA loans offer 100% financing (no down payment), no PMI, and competitive rates. Service-connected disabled veterans are exempt from the VA funding fee. We also handle VA Streamline (IRRRL) refinances for veterans who already have a VA loan and want to lower their rate without a full appraisal.

We close loans across all Riverside neighborhoods, including Downtown Riverside, the Mission Inn District, Wood Streets, Victoria Avenue corridor, Canyon Crest, Orangecrest, La Sierra, Arlanza, Casa Blanca, Arlington, Magnolia Center, and Eastside. We also serve surrounding Inland Empire cities — Corona, Eastvale, Jurupa Valley, Moreno Valley, Rancho Cucamonga, Ontario, Fontana, San Bernardino, and Redlands. We can close anywhere in Riverside County and most of San Bernardino County.

Sí. We have Spanish-speaking loan officers on staff and conduct full pre-approval, application, and closing conversations in Spanish when families prefer. Hablamos Español. We've found that families make better borrowing decisions when they're using the language they think in. If you'd prefer your loan consultation in Spanish, mention it when you call 909-324-4373 and we'll connect you with a bilingual loan officer.

Yes — if you have at least 20% equity in your home, a cash-out refinance lets you pay off your existing mortgage and walk away with a lump sum at closing. The funds can be used for any purpose — home improvements, debt consolidation, college tuition, investment property down payments. We'll run a breakeven analysis with you to make sure the new rate and closing costs justify the cash-out before recommending it. For homeowners who want flexible access without losing their first-mortgage rate, we also offer HELOCs.

It depends on the loan program. FHA loans allow credit scores as low as 580 with 3.5% down (or 500-579 with 10% down). VA loans typically require 580+. Conventional loans require 620+, though the best rates start at 740+. Bank statement non-QM loans typically need 660+. If your score is below the threshold, we can often help you improve it with targeted credit work before applying — we've worked with borrowers who needed 60-90 days of credit cleanup to qualify. Call us before you assume you don't qualify.

Yes. The Home Equity Conversion Mortgage (HECM) — commonly called a reverse mortgage — lets Riverside homeowners 62 and older convert a portion of their home equity into tax-free funds without making monthly mortgage payments. The 2026 HECM limit is $1,249,125, which covers the vast majority of Riverside homes. Homeowners in premium neighborhoods (Mission Inn area, parts of Canyon Crest) above that limit may qualify for jumbo reverse mortgage programs. We walk seniors and their families through the full picture — including impact on Medicaid, inheritance, and long-term equity — before recommending.