Alex Salas - Supreme Lending

05/29/2026

Helped two clients close escrow yesterday on a $555,000 house.

The best part? $400k was their max with their first lender, unless they waited until August 2027 to build up a two year job history 🧐

The lesson? Get a second opinion from a reputable lender!!! Especially if you're using down payment assistance.

Send a message to learn more

05/20/2026

Dream For All today!!!
If you entered the CalHFA lottery, go check your email to see if you were selected for a 20% down payment assistance voucher!

If you have mortgage questions, DM me

Send a message to learn more

05/08/2026

Would you wait 3 years to have a free down payment?

We have an in-house assistance program that pays the entire down payment on a home, and after 36 on-time payments to your mortgage, the assistance money is forgiven.

This might seem like a no-brainer!
But what if I told you we have a similar down payment assistance program with a lower rate/payment -- but you have to pay back the assistance with 1% interest when you sell the home.

And we have a third program with no assistance money at all, but you'll have no PMI as long as you have your own 3% down payment saved up.

A loan pre-approval is nothing more than getting a side-by-side of all your options (with the REAL interest rates and closing costs, not just AI estimates). And you'll learn what your max allowable buying power is.
Then when you browse Zillow you'll have a true sense of the numbers for different price points.

DM me if this is on your to-do list

Send a message to learn more

05/05/2026

Fun to look back on this terrible prediction by Fannie Mae.
It feels like a lifetime ago that I was funding mortgages with rates in the 2s.
Today I locked one at 6.000% and it wasn't even particularly high. That's just where things are these days

Fannie Mae says mortgage rates could fall to 4.5% next year. But prospective homebuyers shouldn't use predictions as a primary guide to purchase decisions.

04/30/2026

Refinancing does not change your property taxes 📢

I was talking mortgages with someone and they mentioned how a refinance can change your property taxes (it doesn't).
So I figure if one person thinks it, then others do too.

Even if you do a refinance, and your home appraises for double what you paid before, the county will not change your property taxes or valuation because of this. Your taxes won't change if you're just refinancing into a lower rate. And your taxes won't change even if you're doing a cash-out refinance.

Generally your taxes will only change if there's a change in ownership (i.e. you're adding or removing people from the deed).

DM me your random mortgage questions anytime

Send a message to learn more

04/28/2026

Jamming through pre-approvals while jamming Tom Petty 🎶🎶

04/22/2026

Just helped someone with a HELOC. They paid off a ton of debt and also had $40k left over. Their debt was $2370/mo. Now the HELOC payment is $1765.33/mo.

HELOCs can be good for debt consolidation, and they're good for projects too. We have a self-led fully digital one online. If you've wondered about the true numbers for a HELOC you should check it out. Automated digital appraisal, automated income verification, automated soft credit check, etc etc etc

It gives you a formal offer without talking to a human (unless you want to). It lets you play around with the numbers so you can see how the rates and terms change. It doesn't hard pull your credit unless you accept the formal offer it provides:

03/27/2026

Didn't qualify for the Dream For All lottery? Or maybe you didn't like the "shared equity" structure? There are MANY more assistance programs available year round!

- CalHFA MyHome: Provides enough assistance to cover the entire down payment. You just need money for closing costs. The assistance money has no monthly payment and only has 1% interest. No shared equity situation.

- GSFA Platinum: Similar to CalHFA. They add on a grant for medical workers, law enforcement, school employees, firefighters, paramedics and their support staff.

- Supreme Dream: Also covers your full down payment. You only need 600 FICO for this one.

- SmartSaver: No actual assistance, but it has no PMI and you only need a 3% down payment.

These programs require no lottery and can be used right now. DM me for info

Send a message to learn more

03/13/2026

There's still time to enter the CalHFA Dream For All lottery! You need a lender pre-approval in order to enter (that's the part I do)--their portal closes Monday at 5pm.

It's been a madhouse today but I am still squeezing people today and this weekend. Please DM me if you want to enter! Check out more info here:

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.

03/05/2026

PMI is annoying. It can discourage people from pursuing homeownership. They don't want to waste money on PMI, so they keep renting until they have a 20% down payment saved. Supreme's Smart Saver program (I call it our NO PMI program) is perfect for this. Only 3% down required, no PMI, regular rates, and only requires 640 FICO score.

There are some limits though. You can't use this program if you're a homeowner. It's available in MOST of the bay area, but not Solano County. And SOMETIMES it has an income limit (depends on situation).

DM me if you want an idea of how your numbers would look for a hypothetical purchase. Lots of people just message me an estimate of their credit score, I don't need anything fancy if you're just curious.