Prospect Mortgage Sales Manager in La Jolla, California
A Wide Range of Lending Needs
As a licensed Prospect Mortgage Sales Manager in California (NMLS #256757), David can assist you with your home loan needs, including:
- First-Time Purchase
- Second-Home Purchase
- FHA and VA
- 203(k) Renovation
David welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. David has the expertise and knowledge, and will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.
Contact David Wright Anytime
Feel free to contact David anytime by phone or email for personalized service and expert advice. David will extend the same professional service to your friends, family members, work colleagues or neighbors who need help.
David Wright is 203(k) Renovation Lending Certified
David is also certified in 203(k) Renovation Lending, a program particularly well suited for buyers of fixer-uppers and REOs in need of repair. Homebuyers can finance both the purchase and future repairs on their new home with one loan.
The Renovation Loan offers some great features. The amount of money you are permitted to borrow for the purchase and renovations is based on the increased value of your home after improvements are made1. Also, because renovation costs are spread throughout the entire term of the loan, monthly payments are often lower than other financing options. With the loan, there is also no need to delay improvements. You can start in immediately after closing. Another great feature is the loan's simplicity - one application, one set of fees and closing costs, one closing to attend and one payment each month. The interest on the cost of your improvements, included in your mortgage, may be tax deductible2 as well.
David values your business and will provide you with the best professional service and mortgage solutions that make most sense for you and your unique financial situation and real estate goals.
Please contact David Wright if you’d like more information about our Renovation Loan, or any other mortgage financing solution. I look forward to working with you!
1For 203k purchase transactions the maximum loan amount is the lesser of the sales price + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. For refinance transactions the maximum loan amount is the lesser of the property value before renovation + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. Loan amount must be within FHA county loan limits.
For HomeStyle® purchase transactions the maximum loan amount is based on the lesser of the sales price + renovation costs or 100% of the as-completed value, times the maximum loan-to-value allowable. For refinance transactions the maximum loan amount is based on the lesser of 1) 100% of the as-completed value times the maximum loan-to-value or 2) the balance on the existing loan plus the renovation cost plus the settlement costs. The maximum repair amount is limited to 50% of the as-completed value. HomeStyle® is a registered trademark of Fannie Mae.
2Please consult a tax advisor for further information regarding the deductibility of interest and charges.
What are people saying about David Wright?
"David Wright did an excellent job of taking care of the whole transaction and his team was flawless as well."
- David E., Vista, CA
"David made the entire loan process an easy to navigate experience. He took away all of the anxiety and nervousness that comes with making such a significant purchase. I really felt that I had an ally with me at all times during the purchase of my first home who was there to look out for my best interests. David also made himself completely accessible no matter the day or time. I couldn't have been happier with David and doubt that the process could have gone any better with anyone else. "
- James C., San Diego, CA
"Look no further, when it comes to mortgages, Dave is your guy. When we got our first home, we talked to a lot of lenders but no one has the caliber that Dave has. The others were more inclined to go through the marketing speak without explaining the numbers and the pros and cons. He was really helpful and was always available. One thing about getting a mortgage is that your relationship with your Loan Officer does not end on the first meeting. There is this constant back and forth with numbers trying to figure out all the financial what if questions for each house you find. He was always there to help and provide advice whatever time of day. I give Dave an A+ on customer service. Our closing went by without a hitch and ahead of schedule. Honestly, the whole process was too easy to be ..."
- Darby C., San Diego , CA