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3131 Camino Del Rio N Suite 1100
San Diego, CA 92108

Cell: 8582131117

Loan Originator

Mitch Bonilla

NMLS 1539164

mbonilla@mutualmortgage.com 8582131117 Apply Now

A proven industry leader with almost 30 years of combined experience in mortgage loan originations, investment banking, consumer finance and mortgage loan servicing and collections industries.

A proven team leader, motivator and mentor with decades experience working in team-oriented environments. In depth experience with business strategic planning, budget development and management, and building out successful companies/teams from the ground up. Proven effectiveness in the boardroom setting, as well as, hands on “in the trenches” management of operations
and business development.

Results driven team player whose companies have managed in excess of one million accounts totaling over $25.3 billion in transactions. Client and team focused, Mitch has successfully launched “start-up” entities; cultivated business plans to turn-around faltering businesses; served as Chief Executive Officer/President/Executive Vice President of several businesses throughout his career. Since 2016, has been the Lender of Choice for Realtors, CPA’s and Financial Advisors and their clients, with a true passion for helping clients meet their goals. Possessing an in depth knowledge and vast experience in the mortgage industry, including experience as a former Underwriter, Operations Manager, Correspondent and Bulk Acquisitions Executive enables Mitch to advise his valuable clients how to select the right home loan for their financial goals and guide them through the entire purchase/refinance loan process.

With extensive knowledge of a wide range of mortgage products, Mitch can discuss and help navigate his clients through Conventional, Jumbo, FHA and VA home loans. Mitch is experienced in working with national and privately-held builders so he can guide his clients confidently through the new construction loan process.

Mitch is committed to building relationships and delivering personal service to every client and referral business partner. Providing complete transparency, detailed education and ongoing updates, Mitch takes great pride that his clients have a complete understanding of the entire purchase/refinance loan process. Clients who work with Mitch benefit from using his company’s innovative
(yet – user friendly) and secured technology to submit their online application and to tracking their loan progress and for uploading documents for prompt in-house processing, underwriting and closing. Mitch is well known for his integrity, experience, and hands-on approach to assisting his clients throughout the home loan process.

PRODUCTS & SERVICES EXPERTISE

Loan Originations VA Loans FHA Loans
Conventional Loans Jumbo Loans Self-Employed or Complex Files
Purchase & Refinance Buyer Education First-Time Home Buyers
Winning Customer Service Investor & 2nd Home Lending Realtor/Broker Workshops

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3131 Camino Del Rio N Suite 1100
San Diego, CA 92108

Cell: 8582131117

See What Our Customers Have to Say

Donald Cooper

On June 17, 2021

He's knows his product and he works to get a product that fits what you want/need. He is also great at communicating with you in a timely way.

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Mortgage solutions to fit your needs

Conventional Loan

Conventional loans aren’t backed by a federal agency, such as the Federal Housing Administration, which means conventional loans are more flexible in their terms and have fewer restrictions. However, conventional loans often meet the down payment and income requirements set by Fannie Mae and Freddie Mac, and conform to the loan limits set by the Federal Housing Finance Administration. A few benefits of this type of home loans include, competitive interest rates, fewer fees, an option for second home purchases and Flexible requirements for mortgage insurance. At Mutual of Omaha Mortgage, we offer a variety of loan terms with fixed or adjustable rates.

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Refinance/Cash Out

When you refinance your mortgage, you pay off your existing loan with a new loan that usually offers a better rate or a shorter term. Sometimes, refinancing to a different mortgage product can offer benefits as well. Refinancing provides you savings over the life of the loan and can also provide immediate benefits to your current financial or personal situation.

A cash-out refinance replaces your existing mortgage with a new loan for more than you owe on your home. The difference goes to you in cash, so you’re able to spend it on home renovations, improvements, debt consolidation or other financial needs. You must have equity built up in your house to take advantage of a cash-out refinance. Traditional refinancing, in contrast, replaces your existing mortgage with a new one for the same balance.

ARM Loan

The nature of an adjustable-rate mortgage allows buyers and those looking to refinance to, in a sense, ‘play the odds’ on future interest rates. ARM loans come attached with a fixed-rate during a preliminary duration of time. This can range from 5, 7 or 10 years, depending on your unique mortgage needs. After that, your loan interest rate will be dictated by whatever the going rate is for your loan. For example: You lock an ARM at 5 years at a 3.75% interest rate. After that 5-year period, interest rates on your loan product can rise, fall or stay the same. The latter is rarely the case unless a massive shift in the national economic picture rattles the bond market – of which interest rates are closely tied.

VA Loan

The VA home loan program is a mortgage program backed by the U.S. federal government that helps service members, veterans, active military and eligible surviving spouses become homeowners. The VA home loan allows qualified US service members and veterans to purchase or refinance a home at competitive interest rates and with $0 down payment. In addition, VA home loan benefits include reduced closing costs, no private mortgage insurance (PMI) or penalties for prepayment. While the VA loan is a federal program, the government generally does not make direct loans to applicants. Private lenders, including Mutual of Omaha Mortgage, finance the loan while the Veteran's Administration offers an insurance guarantee. This guarantee provides an incentive for private lenders to offer loans with better terms and protects them in the event of a customer default.

FHA Loan

Sponsored by the U.S. Department of Housing and Urban Development (HUD), FHA loans are government-backed home loans distributed by private lenders like Mutual of Omaha Mortgage. FHA Loans are often used to fund homes for first-time home buyers, who come to Mutual of Omaha with short-lived or troubled credit history and smaller down payment goals. FHA loans are federally insured, meaning the buyer does not face steep down payment or PMI requirements relative to conventional loans. Financing a home loan is more attractive for FHA loan-eligible applicants. Conventional loan products typically require 10%-20% down on a loan, depending on the buyer’s preference toward PMI. FHA Loans allow qualified buyers the opportunity to purchase a home with as little as 3.5% down.

USDA Loan

The USDA loan program’s purpose is to provide affordable homeownership opportunities to low-to-moderate income households to stimulate economic growth in rural and suburban communities throughout the United States. A USDA loan is a mortgage that offers considerable benefits for those wishing to purchase a home in an eligible rural area. USDA home loans are issued through private lenders and are guaranteed by the United States Department of Agriculture (USDA).

Jumbo Loan

Jumbo loans are discussed with the buyer when a buyer’s total down payment does not put the total finance value at less than the county loan maximum depending on a home's location. The loan maximums vary by county. An 1,800-square-foot home in one county could be valued at a higher amount than another due to the surrounding real estate market. Part of the standard application process on any loan is to verify credit history, income and employment information. Jumbo loans have stricter requirements simply due to the high-risk nature of the loan.

Why choose Mutual of Omaha Mortgage for your home loans?

The confidence of a name trusted by millions of customers over 100 years

Personalized service through the loan process forms an experienced mortgage expert

Manage the entire loan process from anywhere with our easy-to-use mobile app

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