Sun West Mortgage Company Inc. is a privately held mortgage lending company based in Cerritos, California. The company offers a wide selection of loan products and services to consumers across the country, including loans for purchases, refinancing and home improvements.

About Sun West Mortgage

Sun West Mortgage Company has been in business since 1980 and has licenses to operate in 49 states, as well as the District of Columbia, the Virgin Islands and Puerto Rico. The company operates as a direct lender to consumers and offers options for borrowers with a variety of different financial profiles. As a full-service provider, the company handles all facets of the lending process, from the approval and underwriting of loans through to funding and closing.

In addition to its direct lending business, the company also offers multifamily financing to developers, wholesale lending through brokers and correspondent lending through its sponsorship of government-backed products. Sun West Mortgage Company offers Federal Housing Administration (FHA)-insured financing to developers of apartments and other multifamily dwellings, through its role as a Housing and Urban Development (HUD)-approved Multifamily Accelerated Processing lender. Borrowers in this program can use the funds for acquisitions, improvements and refinancing properties.

Sun West Mortgage Company services a portfolio in excess of $9 billion. The company claims its personalized approach to lending, fast funding and commitment to technology differentiates it from competitors.

Mortgage Products Offered

Sun West offers several residential home-loan products to suit different borrowers' needs. These programs include purchase mortgages, refinance loans, property rehabilitation loans and reverse mortgages.

The company is an approved lender for Federal Home Loan Mortgage Corporation (FHLMC), Federal National Mortgage Association (FNMA) (OTC: FNMA), Government National Mortgage Association (GNMA), HUD and Veterans Administration (VA) loans. The company also has HUD approval to lend and service reverse mortgages. Sun West's correspondent customer products include both jumbo and conventional loan products.

The company's government-sponsored programs include FHA loans for purchase that allow for financing up to 96.5% of the purchase price, streamline loans designed for borrowers who want to reduce their interest rates, refinance, cash-out refinance, 203(k) rehabilitation loans for renovations, 203(k) streamlined rehabilitation loans, home equity conversion mortgages (also known as reverse mortgages) and U.S. Department of Agriculture (USDA) rural housing mortgages.

Sun West Mortgage Company also offers VA loans to qualified military personnel, military veterans and their families. The company offers VA loans with 100% financing to customers who want to purchase properties. It also offers VA loans for cash-out refinance and for customers seeking reduced interest rates.

The company's reverse mortgages are for customers 62 years and older who want to convert equity in their homes into cash flow. The reverse mortgage program is guaranteed by the FHA.

Mortgage Rates

Sun West advises customers to call the company for specific rate quotes. It posts a daily market commentary on its website, through which it provides general market rate information. The section provides rates for a 30-year conventional conforming loan, in addition to market news and commentary.

The site also provides several calculators that customers can use to estimate the costs of loans. The FHA calculator allows the borrower to input a purchase price, and then calculates a monthly payment based on an estimate of rates at the time. The reverse mortgage calculator makes estimates about how much a customer will receive from a reverse mortgage based on the age of the applicants, the location of the property and the property's appraised value. The site also provides monthly payment and affordability calculators for potential borrowers, and a calculator to determine whether a refinance makes sense.

What Consumers Are Saying

Sun West Mortgage Company receives limited online customer reviews. The Better Business Bureau awards the company an overall B+ rating.

Wyndham Capital Mortgage Overview

Related Articles
  1. Personal Finance

    7 Mortgage Trends To Expect In 2011

    How will the year compare to 2010? What's likely to be different?
  2. Personal Finance

    Reduce Interest With An All-In-One Mortgage

    "Offset" mortgages combine a checking account, home-equity loan and mortgage into one account.
  3. Investing

    Who is Ruling the Jumbo Mortgage Market?

    The jumbo mortgage market appears to be booming this year, despite the few economic hurdles everyone's battling. Here's who is ruling the industry.
  4. Personal Finance

    Millennials Guide: How to Pick the Right Mortgage

    Here’s help in finding the perfect, affordable loan for that home you have been dreaming about.
  5. Personal Finance

    Mortgage Rates May Get a Breather this Week: Mortgage Reports

    Mortgage rates may get a breather this week, with a dearth of economic news scheduled.
  6. Personal Finance

    How to Find the Best Refinance Companies

    From traditional lenders to online loans, here's everything you need to know about refinancing your mortgage.
  7. Investing

    Financial Institutions: Stretched Too Thin?

    Find out how to evaluate a firm's loan portfolio to determine its financial health.
  8. Personal Finance

    Is An FHA Mortgage Still A Bargain?

    If you're putting down less than 20%, the FHA's mortgage insurance premium could cost you more than private mortgage insurance with a commercial lender.
  9. Personal Finance

    When You Need a Jumbo or Super-Jumbo Mortgage

    Rising housing prices have made so-called jumbo and super-jumbo loans a necessity for more homebuyers.
Frequently Asked Questions
  1. What is PMI, and does everyone need to pay it?

    No – PMI is only required of those who can't make a 20% down payment on the home they're purchasing.
  2. Why is the 1982 AT&T breakup considered one of the most successful spinoffs in history?

    Find out why the breakup of AT&T into a number of spinoffs called the Baby Bells was one of the most successful spinoffs ...
  3. How does the required rate of return affect the price of a stock, in terms of the Gordon growth model?

    Find out how a change in the required rate of return adjusts the price an investor is willing to pay for a stock. Learn about ...
  4. What is the difference between the cost of capital and required return?

    Take a look at the primary conceptual differences between an investor's required rate of return and an issuing company's ...
Trading Center