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Avoiding Foreclosure
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  Purchase | Refinance | Home Improvement | Avoiding Foreclosure

What Options Are Available If My Mortgage Loan Is Delinquent? Some options may be available to help you if you are facing foreclosure. Sun West cannot promise that all or any of these options will be available to you. Contact us at our toll-free number below to find out.

  • Forbearance plan. When a homeowner has fallen behind on his or her payments, sometimes an arrangement can be worked out where the homeowner makes regular full payments, plus a portion of the delinquency each month. Over time, the delinquency is paid off. If your financial situation has recently improved, this may be an option for you. Contact us to discuss your particular situation.

  • Loan modification. Loans qualifying for a modification typically offer one (or several) of the following options: reduction of the interest rate, extension of the loan term, or deferral of a portion of the loan amount until financial circumstances improve. Sometimes, an arrangement may be made to add the delinquency to the balance of the loan and re-amortize (recalculate) the loan. This option might be available if your income fell or your expenses increased and you don't anticipate being able to make your full monthly mortgage payment is not possible for the foreseeable future. Contact us to discuss your particular situation.

  • Short sale. Some homeowners would like to sell their homes as an alternative to foreclosure, but they cannot locate a buyer who will pay what the homeowners owe on their mortgage loan. In other words, the amount the homeowner receives from the sale is "short" of the amount they need to satisfy the mortgage. Under some circumstances, Sun West might be willing to take less than the amount owed. Contact us to discuss your particular situation.

  • Deed in Lieu of Foreclosure (DIL): In some circumstances, Sun West may allow you to sign over the title of the property over instead of foreclosing. Contact us to discuss your particular situation.

Who Should I Contact?
Please contact a Sun West loan servicing representative, toll-free, at (800) 453-7884 to determine if options are available to you. Alternatively, you may want to consult a counselor certified by the U.S. Department of Housing and Urban Development ("HUD"). To locate a counselor, you may call, toll-free, (800) 569-4287.

What Documents Will I Need To Determine If Any Option Is Available?
For Sun West to evaluate whether a loan modification is available to you, you will need to compile the following documents:

  1. A Home Affordable Modification Program Hardship Affidavit completed and signed by all borrowers (no notary required). To download a copy of this document in pdf format, click here. To request that a copy of the Hardship Affidavit be mailed or faxed to you, please call Sun West at (800) 453-7884.
  2. A signed and dated copy of the IRS Form 4506-T (Request for Transcript of Tax Return) for each borrower (borrowers who filed their tax returns jointly may send in one IRS Form 4506-T signed and dated by both of the joint filers).
  3. Documentation to verify all of the income of each borrower (including any alimony or child support that you choose to rely upon to qualify). This documentation should include:
    1. For each borrower who is a salaried employee:
      1. Copy of the most recent filed federal tax return with all schedules; and
      2. Copy of the two most recent pay stubs.
    2. For each borrower who is self-employed:
      1. Copy of the most recent filed federal tax return with all schedules; and
      2. Copy of the most recent quarterly or year-to-date profit and loss statement.
      3. Bank statements covering the last 90 days.
    3. For each borrower who has income such as social security, disability or death benefits, pension, public assistance, or unemployment:
      1. Copy of most recent federal tax return with all schedules and W-2 or copies of two most recent bank statements.
      2. Copy of benefits statement or letter from the provider that states the amount, frequency and duration of the benefit.
    4. For each borrower who is relying on alimony or child support as qualifying income:
      1. Copy of divorce decree, separation agreement or other written agreement or decree that states the amount of the alimony or child support and period of time over which it will be received.
      2. Proof of full, regular and timely payments; for example, deposit slips, bank statements, court verification or filed federal tax return with all schedules.
    5. For each borrower who has rental income:
      1. Copies of most recent two years filed federal tax returns with all schedules, including Schedule E-Supplement.
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Consumer Home Loan Mortgages

Consumer Home Loan Mortgages

SWMC offers a wide range of residential home loan mortgage programs to suit different situations such as a purchase, refinance, a property rehabilitation loan or a reverse mortgage at the competitive interest rates.

FHA Purchase at 96.5% Financing, Streamline (Interest Rate Reduction) Refinance, and Cash-Out Refinance, 203(k) Rehabilitation Loan, 203(k) Streamlined Rehabilitation Loan, and the Home Equity Conversion Mortgage (Reverse Mortgage) and USDA Rural Housing mortgages.

If you are a Veteran, Sun West offers you VA guaranteed mortgages for Purchase Loans at 100% Financing, Cash-Out Refinance, and Streamline Interest Rate Reduction Refinance Loans (IRRRL).

You can use our simple mortgage calculator tools to find out your monthly payment, the house you can afford, your refinance options, or the home equity you may be able to access through a reverse mortgage (HECM).

As a full-service mortgage bank, Sun West is one of the few approved direct lenders to provide in-house origination, processing, underwriting, closing, funding, and servicing. Based in California with active presence across the country, Sun West is dedicated to offering exceptional service coupled with integrity, reliability, and experience.
Read More About Consumer Home Loan Mortgages >>
 
Mortgage Partner Services

Mortgage Partner Services

You can become a partner with Sun West as a Wholesale Mortgage Broker or a Correspondent Lender. If you are a mortgage banker, ask us about our Warehouse Lending program.

In addition to residential mortgage lending, Sun West also offers FHA multifamily, healthcare facilities, commercial and portfolio lending services.

As a partner you have access to SunSoft™ - Sun West's state-of-the-art mortgage loan origination and servicing software. Built on over 30 years of lending and mortgage technology experience, SunSoft is compliant with federal and state requirements.

Sun West is approved by Ginnie Mae as an Issuer, Servicer and Participation Agent. This rare approval enables us to issue securities backed by the full faith and credit of the United States. Consequently, Sun West is able to offer its partners and borrowers the competitive interest rates in the market.
Read More About Wholesale Lending >>

Read More About Correspondent Lending >>
Mortgage Loan Calculators

Loan Calculators
  • FHA Purchase Calculator
    Calculates the monthly mortgage payment for your home purchase loan, as per prevailing interest rates.
     
  • Reverse Mortgage Calculator
    Calculates and compares the available options for HECM products.
     
  • Monthly Payment
    Calculates your payment for different loan amounts, interest rates, and amortization terms.
     
  • How Much Can I Afford?
    Calculates your maximum mortgage loan amount based upon the monthly home loan payment, interest rate, and term that you enter.
     
  • Should I refinance?
    Just enter information about your current mortgage loan and the new loan you're thinking of taking, and we'll calculate your savings.
 
Mortgage Partner Resources

Partner Resources
Press Releases

Press Releases
  • 05/15/2012: Sun West Mortgage Company Partners with EGIA to Introduce the FHA PowerSaver Loan Program Read More..
     
  • 12/16/2011: Sun West Mortgage Company and the Cerritos Sheriff Station team up to supply little boys and girls toys this holiday Read More..
     
  • 10/03/2011: Sun West Mortgage Increases Its Reach in New Jersey Read More..
     
  • 4/22/2011: Variable Servicing Margins on Different Participations of the Same Loan for HMBS Issuers Announced by Sun West Mortgage Read More..
     
  • 2/16/2011: Sun West Mortgage Company Crosses $6 Billion Mark in Ginnie Mae HECM Mortgage Backed Securities Read More..
     
  • 10/26/2010: Capital Markets Cooperative and Sun West Mortgage Company Creates New Strategic Alliance Read More..
     
  • 7/14/2010: Sun West Mortgage Issues Green Building Guidelines For Multifamily Projects Nationwide Read More..
     
  • 3/18/2010: Pentagon Federal Credit Union and Sun West Mortgage Announce First in the Nation Approach to Reverse Mortgage Initiative Read More..
     
  • 1/28/2010: Ginnie Mae Hope for Homeowners Securities Issued by Sun West Mortgage Read More..
     
  • 1/28/2010: Sun West Crosses $2 Billion Mark in Ginnie Mae HECM Mortgage Backed Securities Read More..
     
View All Press Releases >>
 
Lender Alerts

Lender Alerts
  • 05/16/2012: Introducing SWMC Express: Reduced Overlays and Faster Reviews! Read More..
     
  • 04/18/2012: Reduced FHA Streamline Overlays Read More..
     
  • 04/17/2012: Same Day Underwriting For Fha Streamlines. Submit Your Streamlines Now. All Other Products: 48 Hours Or Less Read More..
     
  • 04/11/2012: Webinar Invitation Streamline Loan Delivery and Purchase with Sun West Read More..
     
  • 04/04/2012: SWMC Service Alert Read More..
     
  • 04/04/2012: SWMC Early Lock Desk Closure Notification Read More..
     
  • 03/22/2012: Additional Reduced Overlays for FHA Streamlines Read More..
     
  • 03/15/2012: SWMC Presents "FHA 203k" Read More..
     
  • 02/22/2012: Sun West Announces Relaxed Guidelines for FHA Streamline Refinances Read More..
     
  • 02/07/2012: SWMC Product Guidelines - FHA Jumbo Update Read More..
     
View All Lender Alerts >>
Careers | Contact Us | Links | Site Map | Terms | Privacy Policy
 
Notice to prospective vendors, service providers, brokers, dealers, trading counter-parties, and corporate partners:
The only persons authorized to enter into contracts on behalf of Sun West Mortgage Company, Inc. are the company's President and Chief Executive Officer.

You may call our corporate office at +1 (800) 453-7884 or e-mail contracts@swmc.com to verify the execution of any contract.
You may visit www.nmlsconsumeraccess.org to verify Sun West's State Licenses.
 

Sun West Mortgage Company, Inc. (NMLS ID 3277) licensed by the Arizona Department of Financial Institutions registered in Arizona as Sun West Mortgage USA Company, Inc. DBA Cal State Funding and licensed as a Mortgage Banker (License# 0909624), a branch in Chandler, AZ (NMLS ID 167400) and Scottsdale, AZ (NMLS ID 359295) [(602) 771-2800]; is licensed in Idaho as a Mortgage Broker and Lender (License# MBL-6742) [(208) 332-8002]; a South Dakota Licensed Mortgage Lender (License# ML.04740) [(605) 773-3421]; is licensed by Florida’s Office of Financial Regulation with a Mortgage Lender License (License# MLD266) [(850) 410-9895]; is licensed as a Supervised Lender in Maine (License # SLM9710) [(207) 624-8539]; is a licensed Mortgage Banker in Pennsylvania (License# 21829) [(717) 787-7334]; is a licensed Mortgage Lender in Georgia (License# 22591) [(770) 986-1633]; is registered as a First Mortgage Broker, Lender and Servicer in Michigan for first (License# FR0016085) [(877) 999-6442]; Licensed by the Mississippi Department of Banking and Consumer Finance (License# 603/2008) [(800) 844-2499]; a registered Texas Mortgage Banker (NMLS ID#359295) [(877) 276-5550]; by the Department of Corporations as a California Finance Lender (License #6030119) with a Branch Office in Corona, CA (NMLS ID 363427) [(866) ASK-CORP] and is licensed by the Department of Real Estate (License #00793885) [(877) 373-4542]; Sun West Mortgage Company, Inc. (NMLS ID 3277) has a Consumer Credit License in Alabama (License# 21015) [(334) 242-3452]; is a licensed lender in Vermont (License# 6060) and a licensed Loan Servicer (License# 3277-1) [(802) 828-3307]; is a registered third party servicer in Massachusetts (Registration# LS3277) [(617) 956-1500]; is licensed in New York as a Mortgage Banker-NYS Banking Department (License# B500897) [(212) 709-3847]; registered by the Tennessee Department of Financial Institutions under the Residential Lending, Brokerage and Servicing Act (License# 3552) [(615) 253-6714]; is licensed as a Mortgage Banker and Mortgage Servicer by the Arkansas Securities Commissioner (License# 40431) [(501) 324-9265]; is licensed by the Hawaii Department of Financial Institutions as a Mortgage Loan Originator Company (HI-3277) having a Branch Office (Mortgage Loan Originator Company Branch License HI-719250) in Kapaa, HI (NMLS 719250) [(808) 586-2820]; is a licensed mortgage lender in Maryland (License# 17740) [(410) 230-6155]; is licensed in Oklahoma as a Mortgage Broker (License# MB001619) [(405) 521-3653]; by the Colorado Department of Law Uniform Consumer Credit Code, holding a Supervised Lender’s License (989559) and a Mortgage Company Registration [(303) 866-4527]; is licensed in Alaska as a Mortgage Broker and Lender (License# AK3277) [(907) 269-4594]; is a licensed Mortgage Lender and Servicer in Puerto Rico (License# IH-138) with a branch license in Guaynabo, Puerto Rico (NMLS ID 516931) [(787) 723-8403]; is licensed by the New Hampshire Banking Department as a Mortgage Banker (License # 13604-MB) [(603) 271-8675]; a mortgage lender in West Virginia (License# ML-23946) [(304) 558-2294]; licensed Broker by the Virginia State Corporation Commission as (License# MC-4999) [(804) 371-0484]; is licensed as a Mortgage Loan Company by the Department of Financial Institutions in Kentucky (License# MC71444) [(800) 223-2579 ]; is a licensed Mortgage Lender in the District of Columbia (MLB3277) [(202) 442-7821]; and is licensed as a Mortgage Banker in Wisconsin (License# 212942BA) [(608) 261-7578]; the Connecticut Department of Banking (Registered in Connecticut as Sun West Mortgage Company, Inc. dba Cal State Funding, Mortgage lender (License# 19683) [(860) 240-8275]; is a licensed Mortgage Lender and Servicer in South Carolina (License# MLS-3277) [(803) 734-2020]; has a Consumer Loan License in Washington (CL-3277) [(360) 902-8703]; is exempt from licensing as a Wholesale Lender in Nevada [(775) 684-7060]; is a North Dakota licensed Money Broker (License# MB101661) [(701) 328-9932]; is licensed as a Mortgage Lender in Montana (License# 3277) [(406) 841-2928]; is a First Lien Mortgage Lending licensee with Indiana Department of Financial Institutions (License# 11272) [(317) 232-3955]; has a Mortgage Company License (License# MC.0025065) in Kansas [(785) 296-2266]; registered in Ohio under the Mortgage Broker Act Mortgage Banker Exemption (MBMB.850093.000) with a branch (NMLS ID 447576) in Westerville, Ohio (License# MBMB.850093.001). [(614) 728-8400]; is a licensed lender in New Jersey (License# 9400980) with a branch office in Denville, NJ (NMLS ID 454915) by the New Jersey Department of Banking [(609) 292-7272]; is a Residential Mortgage Loan Broker licensee in Missouri (License# 11-1881-S) [(573) 751-4243]; is a licensed lender in Delaware (State Bank Commissioner License# 9970) [(302) 739-4235]; and licensed as a Residential Mortgage Lender in Wyoming (License# MBL-1902) [(307) 777-6483]; is a licensed Mortgage Banker in Nebraska as dba Cal State Funding, Inc. (License# 1908) [(402) 471-2171]; registered in New Mexico under the Mortgage Loan Company and Loan Broker Act (License# 03201) doing business as Sun West Mortgage USA, Inc. [(505) 476-4908]; is a licensed lender in Utah (License# 7477238) with a branch license in South Jordan, Utah (NMLS ID 776241) [(801) 530-6297]; an Oregon Mortgage Lender Licensee (License# ML-4599) [(503) 378-4140]; is a licensed Residential Mortgage Originator in Minnesota (License# MN-MO-40020564) [(651) 296-6657]; is a licensed Mortgage Banker in Iowa (License# 2007-0093) [(515) 281-4014]; is licensed as a Residential Mortgage Lender in Louisiana (License# 2713) [(225) 925-4660]; is licensed as an Illinois Residential Mortgage Licensee by the Office of Banks and Real Estate, Mortgage Banking Division, (License# MB.6760356) [(312) 793-1955];

In all states, the principal licensed office of Sun West Mortgage Company, Inc. (NMLS ID 3277) is 18303 Gridley Road in Cerritos, CA 90703; (800) 453-7884.