The Costa Mesa-based firm says it can offer borrowers a better experience and more-aggressive mortgage rates for harder-to-get government-backed loans.

COSTA MESA, CA—Locally based financing company Secure One Capital has improved its capacity to fund government-backed loans quickly by adding a new VA underwriter to further decrease funding times. The firm says it can provide a better experience for borrowers than other financing channels because it has the ability to originate and fund all loans in-house in order to expedite financing, and it offers more-aggressive mortgage rates because it funds directly off government lending guidelines with no lender overlays.

Due to the firm’s record-breaking Q4 2013 capping off a strong year, it was able to relocate to larger offices here and offer new branch opportunities. Secure One specializes in government financing programs such as FHA, VA and HARP refinances and anticipates that the trend of mortgage rates for 30-year and 15-year government-backed loans dropping will continue. Rates for these loans have been dropping since September and have now reached the lowest levels in more than a year.

The firm is an unsupervised FHA- and VA-endorsed mortgagee. Both agencies require all mortgage lenders to receive approval prior to offering FHA and VA loans, but interestingly, not all lenders who are approved specialize in VA and FHA loans. Secure One, on the other hand, does have that specialization and has been a direct-mortgage lender since 1995.

With a decline in interest rates, the firm anticipates that more borrowers with existing FHA and VA loans will refinance. These borrowers are eligible for streamline refinances with simplified underwriting requirements and less paperwork. A FHA streamline refinance doesn’t require an appraisal, employment verification, income verification or credit-score verification. Also, there is no LTV limit, meaning even borrowers that are underwater can qualify if they meet other requirements. For a VA streamline, eligible borrowers do not need to go through another credit check or appraisal. was unable to reach Secure One before deadline to discuss more thoroughly why its status as an unsupervised FHA- and VA-endorsed mortgagee and the addition of a new VA underwriter allows it to provide better services for borrowers.

As reported in June, real estate lending in its many forms is back, and the arena is more competitive than ever, said panelists at last month’s RealShare National Investment & Finance conference in Los Angeles. Both domestic and international investors continue to seek a piece of the pie, driving pricing upward and making yields harder to find.