Alex Salas - Supreme Lending

10/29/2026

Property tax bill just came in the mail today. I always laugh because it comes around Halloween and is due on 11/1. And it's thousands of dollars! So presumptuous lol.

So I thought I'd explain what an impound account is, also known as having escrows on your mortgage.

When you own a home, you can either be responsible for the annual tax bill yourself, or you can have the mortgage company handle it.

When you're responsible yourself, it means you better be ready when a $10k tax bill comes in the mail out of the blue and is already almost due!

When you have the mortgage company do it, they will estimate your tax bill and collect 1/12 of that number within your monthly mortgage payment. They put that money into your escrow account which is basically just a piggybank in your name. When tax bills come along, they pay the bill using your piggybank.

DM me for mortgage stuff

10/02/2026

Is Lyft income bad?

I had a buyer consultation this morning, and the husband said he heard that working at Lyft isn't good, when it comes to qualifying for a mortgage.

So I thought I'd explain the situation here for others to learn.

If you think about a Lyft driver, or Uber/etc, they are paid 1099. That makes them an independent contractor--which is basically a self-employed person in the eyes of a mortgage lender.
When you are self-employed, your income is often measured looking *backwards* -- meaning we judge it based on what you took in during 2024 and 2025.

Worse yet, roughly speaking, we only look at the profit. If you wrote off your fuel and tolls and car maintenance and such (to save on taxes), this can affect your ability to get a mortgage. Or at least your ability to get a mortgage that's big enough for your needs.

So Lyft income isn't inherently bad. But when you are self-employed it's even more important to speak to a lender to learn where you stand.

A good lender will have specialty programs that don't penalize you for having write-offs, and doesn't look so far backwards like that.
DM me to discuss

Send a message to learn more

09/09/2026

$966k house for $535,221?

Yes. One of my clients did it last month.

How? BMR.
Below Market Rate.

BMR homes are properties set aside, usually by the city, that you can only buy if your income is below a certain threshold. In this case the limit was roughly around $150k.

The city then sells the home for much less than its worth, to make homeownership more attainable for lower income households.

This is something I can help you with! Consider googling for BMR homes in the area you want to live to get a sense of what's out there.

And YES we can often combine down payment assistance! The buyer in my example used CalHFA which provided first time homebuyer assistance to cover the entire down payment! Just needed money for closing costs.

DM me to learn more.

08/21/2026

CalHFA Dream For All just selected a bunch of people from their waitlist yesterday for 20% down payment assistance vouchers!
https://www.calhfa.ca.gov/dream/

If you applied in May and got waitlisted, then it's time to check your email or log into your portal!

If you're an agent with Dream For All applicants, let your clients know!

And if you're an agent who can use a loan officer that's skilled with down payment assistance, DM me!

The California Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs.

08/20/2026

Everybody's using AI for efficiency.
Meanwhile I revert to handwritten lists when I get busy lol

Send a message to learn more

08/06/2026

First time homebuyer seminar is in two days! Register now for 8/7 Friday 7-7:30pm with Diante Caraway Realtor and Michelle Serpas Real Estate on Zoom!

I'll be covering the DOs and DON'Ts of homebuying, from a lender's perspective. Michelle and Diante will cover the homebuying process from a realtor's perspective. Start getting yourself ready to be a homeowner one day!

Register here:

First Time Home Buyer Zoom Seminar with Diante Caraway & Michelle Serpas. If you are just starting your home search or planning for later down the line. Join us for our free 30 MINUTE Zoom seminar designed to educate and empower you through every step of the home buying journey! This seminar will fe...

07/31/2026

Friday 8/7 at 7pm! I'll be co-hosting a Zoom info session with local realtors Diante Caraway Realtor and Michelle Serpas Real Estate

Come learn about the homebuying process, down payment assistance, pre-approval tips -- and bring your questions!

Register below and DM me questions
https://docs.google.com/forms/d/1jp5ANDP3cTlNs2R213F42aaAsGRqnO_itfA_-sFbghg/edit?ts=6a62dbb8

07/23/2026

Saturday 10-11:15am 7/25 is a Zoom info session for the 40%/$200,000 HAP down payment assistance program!

They'll go over:
- Program Overview and Updates
- Eligibility Requirements
- Required Documentation
- Application process

This is a first time homebuyer program for Alameda/Contra Costa County purchases.

Sign up in the link! DM me questions.

Upcoming Events Loading view. Views Navigation Event Views Navigation List List Month Today Upcoming Upcoming Select date. July 2026 Sat 25 Featured July 25, 2026 @ 10:00 am - 11:30 am Discover the Home Access Down Payment Assistance Program – Free Info Session Zoom - Online Are you a first-time h...

06/17/2026

Live in Alameda/Contra Costa County? Want to buy your first home? Would your new household meet these income limits? Do you have a 620 FICO?

If so, you may be eligible for 40% down payment assistance (up to $200,000)!

Check out the link. DM me to learn more and get yourself ready!

We use transformative housing finance and public and private partnerships to create more equitable and affordable communities.

06/11/2026

Buy in Concord >> get $60,000 assistance.

If you're a first time buyer with a 640 FICO, get this program on your radar!

This is $60k of assistance from the city, to cover your down payment and closing costs. No monthly payment, but is repaid after 15yrs with a proportional share of your home's appreciation.

Income caps are $167,775 for a 1-person household, $191,775 for 2, etc.

First come first serve! DM me to discuss or check out their site:

The City is pleased to provide limited down payment assistance for the purchase of a first home, with eligibility based on income and household size. The program is designed to assist low and moderate-income households.