iCore Lending, Inc.

Helping you is our Core value.

Getting you the right loan is our Core priority.

Whether you are looking to buy or refinance we can answer your questions on a Conventional, FHA, VA or Non-QM loan for you and your family. We are committed to turning every client into a client for life.
Get Started With Your Mortgage Loan Today
Mortgage Calculator

*This mortgage calculator does not include  FICO or Loan to Value and is for the purpose of estimate only. Please contact us for an accurate estimate. 

Monthly Mortgage Payments

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Important FAQ’s
How can I find out how much home I qualify for?

You can use our online prequalification form to connect with a loan officer and find out approximately how much you can borrow before you start shopping for a house.

Once you have that number, you can provide more information and allow your loan officer to run your credit report to verify your assets and income.

Is there anything I shouldn’t do while I’m getting prequalified?

  • Don’t suddenly pay off all your debts.
  • Don’t apply for new credit cards.

Prequalification can be easy, but it’s after you get preapproved and the loan process progresses that your lender is required to pull a refreshed credit report before closing to check for any new debt. So, any major changes in your finances could delay your loan closing – or even result in a denial despite an earlier approval.

Can I still get a mortgage if I have bad credit or have filed bankruptcy?

  • Having good credit helps to get a more competitive mortgage interest rate, but perfect credit isn’t required.
  • If you have a low credit score or have filed bankruptcy in the past, you can work toward improving your credit.

Your credit score matters when you’re trying to buy a house. Your credit score has a direct impact on your mortgage interest rate. A great score could qualify you for the lowest available interest rates, compared to a poor score that might make it harder to get a loan.

Talking to your loan officer about how you can fix some blemishes in your credit score is well worth the time and effort to get a lower rate. Lowering even one percentage point on a mortgage could save you thousands over the long-term.

Can I “lock in” my interest rate?

  • Yes! Get in touch with your loan officer, and they can lock in the interest rate you were quoted.
  • You’ll be provided with a written Rate and Price Determination Agreement, detailing interest rate, loan terms, and time period for the rate lock.
  • You could use a rate shield to lock your rate for up to 270 days, with the option to float down to a lower rate if rates drop within 45 days of closing.
When will I get my money?

  • You’ll have access to your funds on the day you close on your loan — when you’ve officially bought a house.

Congratulations on closing: This is a big deal. And remember, moving to a new home because of a job transfer or change might qualify you for a moving expense deduction, in some states.

Get Your Mortgage Questions Answered
Contact ICORE Lending Inc., and you’ll find out how much house you can afford and how fast you can get there.

Get A Mortgage Loan

See our loan options, fill out and submit the form. An ICORE Lending Inc. team member will contact you shortly. 

Conventional Mortgage Loan

A conventional loan is a mortgage loan that's not backed by a government agency. These loans come in all shapes and sizes, and while they don't provide some of the benefits as FHA, VA and USDA loans, conventional loans remain the most common type of mortgage loan.
Conventional loans are originated, backed and serviced by private mortgage lenders like banks, credit unions and other financial institutions. Conventional loans are broken down into conforming and nonconforming loans, depending on whether or not they conform to guidelines set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), the two government-backed mortgage companies that own many mortgages in the U.S.

Federal Housing Administration

An FHA loan is a government-backed mortgage. FHA home loans require lower minimum credit scores and down payments than many conventional loans, which makes them especially popular with first-time homebuyers. In fact, according to FHA’s 2021 Annual Report, more than 84.6 percent of all FHA loan originations were for borrowers purchasing their first homes.

FHA loans come in 15-year and 30-year terms with fixed interest rates. The agency’s flexible underwriting standards are designed to help give borrowers who might not qualify for private mortgages a chance to become homeowners.
Veterans Administration Loans
A VA loan is a mortgage loan available through a program established by the U.S. Department of Veterans Affairs (VA) (previously the Veterans Administration). With VA loans, veterans, service members, and their surviving spouses can purchase homes with little to no down payment and no private mortgage insurance and generally get a competitive interest rate.
They provide up to 100% financing on the value of a home. Eligible borrowers can use a VA loan to purchase or build a home, improve and repair a home, or refinance a mortgage.

The VA sets the qualifying standards, dictates the terms of the mortgages offered, and backs the loan, but doesn’t actually offer the financing. Instead, VA home loans are provided by private lenders, such as banks and mortgage companies. 

Non-Qualified Mortgage

A Non-QM loan, or a non-qualified mortgage, is a type of mortgage loan that allows you to qualify based on alternative methods, instead of the traditional income verification required for most loans. Common examples include bank statements or using your assets as income. Because of the more flexible qualification requirements, Non-QM loans open up real estate investment opportunities to a broader group of individuals.

Debt-Service Coverage Ratio

The debt-service coverage ratio applies to corporate, government, and personal finance. In the context of corporate finance, the debt-service coverage ratio (DSCR) is a measurement of a firm's available cash flow to pay current debt obligations. The DSCR shows investors whether a company has enough income to pay its debts.

Let's say a real estate developer is looking to obtain a mortgage loan from a local bank. The lender will want to calculate the DSCR to determine the ability of the developer to borrow and pay off their loan as the rental properties they build generate income.

Mortgage Refinancing

Mortgage refinancing pays off an existing mortgage loan with a new loan. The new loan should have better terms or features that improves your financial situation. People typically refinance their mortgage to lower their interest rate and monthly payments.

Reasons for Refinancing

• Lower your interest rate

• Lower your monthly payment

• Shorten the length of your mortgage

• Switch from Adjustable Rate Mortgage to Fixed Rate Mortgage

Meet Our Team
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Yessy Ulloa

President

YUlloa@iCoreLending.com

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Christopher Lopez

CFO & Co-Founder

CLopez@iCoreLending.com

17785 Center Court Drive North
Suite 600 Cerritos, CA 90703
(562) 450-1644 

NMLS 1547623

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iCore Lending, Inc NMLS #1547623, California DFPI Finance Lenders Law License #60DBO-79265, California Real Estate Corporation DRE License Endorsement #02019879, Arizona Mortgage Banker License #1028700, Florida Mortgage Lender Servicer License #MLD2097 
Oregon “Licensed by the Oregon Division of Financial Regulation of the Department of Consumer and Business Services. For consumer complaints, call us at 888-877-4894 or go to dfr.oregon.gov.” The posting of this notice complies with the requirements of ORS 725.160, 725A.032, 86A166, and 86A.309.Consumer Access Site. 
©2021 “CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”

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