Risha Kilaru - Your Home Loan Professional
Risha Kilaru
Loan Officer
NMLS #249676
Toll Free: 877-673-2802
Direct: 510-771-2033
Mobile: 510-209-7374
Fax: 877-814-1620
41111 Mission Blvd.
Fremont, CA 94539
Branch NMLS #297484
I am licensed to originate mortgage loans in the following state(s): CA
Watch this 2 minute video to learn more about the loan process

Meet Risha Kilaru

Your Prospect Mortgage Home Loan Professional in Fremont, CA

Risha Kilaru is an experienced, efficient, and courteous loan professional that works hard to provide you with the best home loan options and ensures your loan is closed smoothly and on time.

With Risha Kilaru, you'll receive:

  • The strength of a company that is a multibillion-dollar direct lender
  • The peace of mind that comes from working with a lender that has the expertise and technology to find the ideal loan program for your unique needs
  • Our commitment to the highest level of customer service

Ranked 18 on Scotsman guide, Top Dollar Volume

Risha Kilaru is 203(k) Renovation Lending Certified

Risha 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.

Risha 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 Risha Kilaru 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.

2
Please consult a tax advisor for further information regarding the deductibility of interest and charges.

What are people saying about Risha Kilaru?

"Being a first time home buyer I had questions, expectations and more frustrating questions. Risha and her team have been very patient and prompt with my loan process and all communications. I am so happy with their service and glad to give them a 5 star rating on all my expectations. Thank you Risha, Tejal, Teresa, Esther and others. "
- Viraj R.,  Union City, CA
"Risha Kilaru was extremely efficient, helpful and personable. No nonsense, can-do attitude! "
- Mark K.,  Fremont, CA
"She was amazing I gave her very little information and she had me approved ASAP. I have had experiences at another bank and it was a nightmare. So thank you very much for all your help."
- Denise M.,  Newark, CA
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