Expert Guidance. Better Rates. No PMI.

Meet Clay Sheffrey:
Your Mortgage Advocate.

Affordable Home Loans. Expertly Guided. Personally Delivered.

Whether you're a first-time buyer or looking for a smarter mortgage, Clay helps you unlock competitive rates — with zero PMI and special CRA programs that reward you for buying in qualifying areas.

Meet Clay Sheffrey

With over two decades of mortgage lending experience, Clay Sheffrey is a trusted mortgage loan officer at California Bank & Trust who believes that getting the right mortgage should be simple, transparent, and tailored to you.

Based in Southern California, Clay specializes in helping homebuyers access competitive interest rates and little-known programs like CRA mortgage loans that offer major savings — often with no private mortgage insurance (PMI).

Whether you're buying your first home or your next, Clay’s personal, client-first approach ensures you always know your options — and can make the best decision with confidence.

“I treat every loan as if it’s my own family’s — because that’s the level of care and attention you deserve.”

Zillow Reviews

What’s a CRA Mortgage Loan?

CRA loans — Community Reinvestment Act loans — are designed to make homeownership more accessible in certain areas.

These loans often feature:

  • Below-market interest rates

  • Zero PMI

  • Flexible credit requirements

  • Low or no down payment options

Expertise You Can Count On

“We didn’t even know CRA loans were an option until Clay

helped us find the right one. He saved us thousands.”

– Marc D., Riverside

Frequently Asked Questions

  • A: It’s a type of loan incentivized by banks under the Community Reinvestment Act, offering favorable terms for buyers purchasing homes in specific census areas.

  • A: Yes — one key bennefit of the Home Affordable Mortgage is that it is NOT limited to first time home buyers

  • A: No. Many CRA programs have flexible credit requirements and are designed to help more people become homeowners.The Home Affordable Mortgage requires a minimum of a 620 Credit Score

  • A: There are eligible areas throughout California please contact me with an address to confirm eligibility.

  • A: Different lenders have different programs, the Home Affordable mortgage has LENDER PAID mortgage insurance that is not added to the interest rate.

  • LLPA’s are the different risk factors that most loans factor in to the cost of a rate on any given day. Lower Loan to value loans with Higher Credit scores get better pricing compared to Lower Credit scores or higher Loan to Value Loans. These adjustments do NOT apply to the Home Affordable mortgage product.