209.668.7000 info@goapm.com

Home Purchase

American Pacific Mortgage offers several home purchase options:

Conventional Loans

Primary Residence (Purchasing a home in which you will live)

  • Down Payments as low as 3% available for 1st time buyers!
  • Reduced paperwork compared to government programs
  • Flexible mortgage insurance premium plans if required*
  • Condos OK
  • Down payment can be a gift from relative
  • Down payment assistance programs available (subject to restrictions) Click here for more information!

Second Home (Vacation type property) & Investment Property Loans Available 


*All loans with less than 20% down payment will require mortgage insurance.

FHA (HUD Federal Housing Administration)

FHA (HUD Federal Housing Administration)

  • 3.5% down payment
  • MIP (mortgage insurance premium) partially borrowed as part of the loan
  • More lenient on past credit history than conventional loans
  • Allows family gift for entire down payment and closing costs
  • Down Payment Assistance (DPA’s) aslo available to reduce down payment to only ½%!
VA (Veterans Administration)

VA (Veterans Administration)

  • 100% financing! No down payment options available for our veterans.
  • VA entitlement can be re-used if previous VA loan was paid back
  • Veteran is eligible if:
    • Served in Army, Navy, Air Force, Marines or Coast Guard and Discharged under other than dishonorable conditions
    • Served at least 90 days in wartime or 180 days in peacetime continuous service
    • May be eligible if served less than required time but discharged due to service connected disabilities
    • Reserves and National Guard may be eligible upon completion of six years of service
    • Un-remarried spouse of a service member who died because of service related causes may be eligible.
    • Disabled Vets eligible for reduced funding fee (mortgage insurance)!
USDA Rural Housing Program (RHS)

USDA Rural Housing Program  (RHS) – A home in the country!

  • *100% financing (qualifying or other factors may apply)
  • Designed for rural housing purchases! No down payment!
  • Must not be located in metro areas. Locally, cannot be used in the city limits of Modesto, Ceres, Turlock, Merced/Atwater, Manteca, or Stockton.
  • That means Salida, Ripon, Hughson, Denair, Hilmar Delhi, Patterson, Newman even Oakdale are eligible.
  • Maximum family income limits will apply based on family size.

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Contact Us

American Pacific Mortgage
222 South Thor Street # 3 & #10
Turlock, CA 95380
Phone: 209.668.7000
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