Prospect Mortgage Senior Loan Officer in Walnut Creek, California
A Wide Range of Lending Needs
As a licensed Prospect Mortgage Senior Loan Officer in California (NMLS #249458), Julie can assist you with your home loan needs, including:
- First-Time Purchase
- Second-Home Purchase
- FHA and VA
- 203(k) Renovation
Julie welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. Julie 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 Julie Chroust Anytime
Feel free to contact Julie anytime by phone or email for personalized service and expert advice. Julie will extend the same professional service to your friends, family members, work colleagues or neighbors who need help.
Julie Chroust is 203(k) Renovation Lending Certified
Julie is 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.
Julie 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 Julie Chroust by phone, email or filling out the pre-approval form on the right to get 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 Julie Chroust?
"I am so glad I picked Prospect Mortgage to handle our loan. Our Loan Officer was very knowledgeable, professional and friendly. She made me feel my loan was important and was with us every step of the process. We knew what to expect, and everything turned out exactly as we were told. I could contact her for any questions or explanations, she was always available. We knew all the loan costs, rates and particulars of our loan right up front, and the numbers did not change later, except for the prepaids that can't be nailed down to exact numbers. In the end, they were even lower than we thought they were going to be. I was nervous at first, as I had a bad experience in the past, but learned quickly what being able to trust your Loan Officer/lender was about. The whole process seemed so ..."
- Emmett W., Magalia, CA
"Very thorough, responsive, professional and patient. My process went very smooth."
- Lisa R., Hercules, CA
"Julie and her crew were always there to support, answer, suggest and keep the process moving. There was never a down time throughout the entire process from start to finish. I would recommend to anybody without any reservations Julie and her team. "
- Ramon B., Martinez, CA