Press Releases

Mountain West Financial Announces CalPATH and PATH Home Loan Program Enhancements Reduced Fee Program for Teachers and Public Employees

Laura Martel
FOR IMMEDIATE RELEASE:
February, 2015

Mountain West Financial announced today that they have added new enhancements to their exclusive CalPATH and PATH home loan programs; these programs are provided by Mountain West Financial for teachers and public employees. “Being able to not only offer, but expand a rewarding program like CalPATH/PATH, reinforces that not all Lenders are created equal. While some try to stay away from the Affordable Housing Programs, we continue to expand our offerings, in all markets, allowing us to pair each of our clients with a program that fits their individual needs and goals, “ said John Cady, SVP of Production. This program benefits those that serve our local communities by offering competitive rates paired with reduced fees for loan processing and underwriting, Free float down of the interest rate (taken within 30 days or by approval date and prior to docs being drawn), and being able to be combined with down payment assistance programs.

The new enhancements include:

1. FHA Streamline Refinance is now available
2. 20 and 25 Year Terms are now available for standard conventional products
3. Arizona & Oregon public employees may now take advantage of the PATH Program
   1. Members of Arizona State Retirement System (ASRS)
   2. Members of Oregon Public Retirement System (PERS)

"We are truly excited to be able to give just a little something back to those who give so much to our communities. At Mountain West, we still believe in the American Dream and helping those in communities in which we work and live achieve t; whether it is in the form of down payment assistance, energy efficient mortgages (EEM), rehabilitation loans (FHA 203 (k)), Homes for Heroes, one of our many standard options, or through the newly expanded PATH home loan programs" said Tonya Todd, SVP Affordable Housing. The PATH program follows the same MWF standard guidelines for FICO, Debt to Income (DTI) Ratios and minimum reserves as the regular FHA and Conventional loan programs. For more information, please fill out our Quick Quote.

Mountain West Financial is headquarted in Redlands, California with 41 Branch locations throughout the Western United States providing FHA, VA, Conventional, USDA and many Down Payment Assistance Programs. For further information call 909-793-1500, Toll Free 1-888-793-6470, e-mail info@mwfinc.com or visit our website.

Mountain West Financial, Inc is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. NMLS #164497. For full state licensing, click here.