Resident Lending Group

read moreLois Mulrooney was born in Arizona, raised in California and moved to Salem, Oregon in 1985. She's worked in management since 1991 and entered the Real Estate Industry, specifically title and escrow, in 1996. She began her career in the Mortgage Industry in 1998 and started Resident Lending Group, Inc with her husband and partner Sean Mulrooney in 2004. Lois has always been extremely involved in her community in one capacity or another, recently serving as the President of the Rotary Club of Salem 2006-07, for which she has been a member since 1996.

read moreResident Lending Group offers a wide variety of construction financing resources and loan products. Our company offers experience and seasoned loan officers to walk you through the entire process from start to finish and help you to achieve your construction real estate goals.

read moreThe Section 184 Indian Home Loan Guarantee Program is a home mortgage specifically designed for American Indian and Alaska Native families, Alaska Villages, Tribes, or Tribally Designated Housing Entities. Section 184 loans can be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance. An Indian or Alaska Native who will occupy the property as a principal residence and who has met the credit and underwriting standards. A debt-to-income ratio is used to determine whether the borrower can reasonably be expected to meet the expenses involved in homeownership and provide for the family.

read moreThere are many financing options for consumers to purchase a rental property as a means to invest for their retirement future and build equity, while receiving rental income. Conventional loan options allow a consumer to purchase 1 to 4 unit properties under standard conforming loan guidelines. Resident Lending Group is able to secure financing for rental investment properties, including apartment complexes, utilizing commercial loan financing for properties over 4 units. With our extensive knowledge and experience with these types of properties, we can help borrowers build a solid portfolio and customize the financing to individuals specific goals.

read moreWe offer loan programs for commercial and investment properties, including SBA Financing. We have established relationships with seasoned 1031 Exchange coordinators and title and escrow companies to help ensure your exchange and financing transaction close smoothly. Very pleased with the service. Actually because Maxine was so professional, efficient and knowledgeable I called her for my second home purchase.

read moreBeing pre-qualified means that the borrower has spoken to a loan officer, and discussed their financial situation. The buyer has informed the loan officer regarding income, debts, assets, savings and liabilities, however the buyer has not completed an application or provided the loan officer with any documentation regarding their financial situation. Based on this information, the loan officer believes the borrower will be able to secure financing up to a certain amount based on the information being provided.

read moreQ: What is the difference between mortgage brokers and banks? A: At most banks the loans offered originate from that specific lender, so the rates and loan programs are limited to only what that particular bank has to offer. Mortgage brokers work with dozens or even hundreds of lenders, not as employees, but as freelance agents, leading to the access of a wide variety of loan programs. Because of this, mortgage brokers can usually find more competitive rates than a particular bank can offer or a lender who will make loans that a particular bank refuses.

read moreThe Mortgage Payment Calculator is provided to help you determine your monthly mortgage payment and means of paying off the principal loan sum plus interest over a fixed period of time.