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Unique Loans and Products

  • Buying a home? Get a step ahead with the HomeServices Lending Buyer AdvantageTM

    Obtaining a mortgage preliminary approval is a great place to begin when buying a home. But if you want your home purchase offer to stand out to sellers, ask for the HomeServices Lending Buyer Advantage.1

    By electing to participate, you can get much of the home financing process out of the way and obtain a Commitment Letter before you even begin searching for a home.

     

    What are the benefits?

    • Complimentary - Choosing to participate costs you nothing additional.

    • Distinguished - A Commitment Letter can set your home purchase offer apart from other offers a seller maybe considering.

    • Smooth - With much of the home financing process completed up-front, additional requirements or conditions can be identified to help prevent last-minute issues.

    • Flexible - You may have the option of being more flexible with your closing date and also help ensure an on-time closing.

     

    And ask about the HomeServices Lending Buyer Advantage FASTRACK!

    We are excited to offer HomeServices Lending Buyer Advantage FASTRACK, which features expedited processing and underwriting for certain loan products.2  In a fast-paced real estate market, home buyers often need quick answers about mortgage financing, and FASTRACK can accommodate!

    To use FASTRACK, clients will be asked to provide these documents at the time of loan application:

    • 30 days’ most recent pay stubs with year-to-date information for all jobs and for each borrower
    • W-2 forms for the 2 most recent years for each borrower
    • Federal tax returns for the 2 most recent years for self-employed borrowers, or borrowers where other income/ loss is listed (i.e. Schedule E rental income, interest, business expenses not reimbursed, etc.)
    • Most recent 2 months of asset statements for all funds needed for down payment and reserves 

     

    Don't waste time during the home financing process. Ask for the HomeServices Lending Buyer Advantage!

     

     

    1. HomeServices Lending Buyer Advantage is not a loan approval.A Commitment Letter is based on information and documentation provided by you and a review of your credit report. The interest rate and type of mortgage used to approve you for a specified loan amount is subject to change, which may also change the terms of approval. The interest rate cannot be locked until your offer to purchase a property has been accepted. If the interest rate used for credit approval has changed, you may need to re-qualify. Information provided by you is subject to review and all other loan conditions must be met. After you have chosen a home and your offer has been accepted, final loan approval will be contingent upon obtaining an acceptable appraisal and title commitment.  Additional documentation may be required.

    2. Bond loans, USDA loans, renovation loans and non-delegated loans do not qualify for HomeServices Lending Buyer Advantage Fastrack. Eligible borrowers must have a FICO credit score of 640 or greater, no bankruptcies and no foreclosures.

  • Submit your home loan application and lock in your interest rate with the HomeServices Lending Buyer AdvantageTM Lock, Shop & Home program!

    At HomeServices Lending, we understand searching for a new home often takes time, which can add stress to the home buying process if rising interest rates or market volatility are a concern while you shop.

    Good news! The HomeServices Lending Buyer Advantage Lock, Shop & Home program may be able to help! Eligible home buyers who choose to participate in the HomeServices Lending Buyer Advantage program1 may also have the opportunity to lock in an interest rate before finding a home.

    Here are a few features of Lock, Shop & Home!

    • No property address is needed at the time of application and rate lock.
      •     Lock an interest rate up to 90 days.2
      •     Conforming loan amounts available up to $484,350 and high balance loan

    amounts available up to $726,525.3

    •     May be used with conventional or government fixed rate loan programs.4

    For more information:

     

    1. HomeServices Lending Buyer Advantage is not a loan approval. Ask your mortgage consultant for details about HomeServices Lending Buyer Advantage. A Commitment Letter is based on information and documentation provided by you and a review of your credit report. The interest rate and type of mortgage used to approve you for a specified loan amount is subject to change, which may also change the terms of approval. If the interest rate used for credit approval has changed, you may need to re-qualify. Information provided by you is subject to review and all other loan conditions must be met. After you have chosen a home and your offer has been accepted, final loan approval will be contingent upon obtaining an acceptable appraisal and title
    commitment. Additional documentation may be required.
    2. Additional fees may apply.
    3. $726,525 maximum loan amount is available in high balance areas only. Contact your mortgage consultant for details.
    4. Lock, Shop & Home program is not available for bond, jumbo, or renovation loan programs.

  • Real Estate Investor Loan Program

    Does your overall financial investment picture include real estate?

    Whether you are new to real estate investing or a seasoned investor, we have purchase and refinance options that may help meet your financial goals.

    Conforming Fixed-Rate Investment Loans:

    • Down payment as low as 15% for a 1-unit property.
    • Loan amounts up to $484,350.
    • Rental income may be used to qualify a borrower without rental history or a current lease on the property.

    High Balance Fixed-Rate Investment Loans:

    • Down payment as low as 15% for a 1-unit property.
    • Loan amounts up to $726,525 in high balance areas established by the Federal Housing Finance Agency.
    • Rental income may be used to qualify a borrower without rental history or a current lease on the property.

    Jumbo Fixed-Rate & Adjustable Rate Investment Loans:

    • Down payment as low as 25% for a 1-unit property up to $1 million.

    House-to-Home Renovation Loan Program:

    • Down payment as low as 20% for a 1-unit property (15% down payment may be available with qualifying minimum credit score).
    • Available for purchase or refinance of a home, plus the cost of repairs or improvements through a single mortgage.
  • Good Neighbor

    As a local lender, we understand the importance of serving those who help improve the communities in which we all work and live.

    If you are a law enforcement officer, pre-kindergarten – 12th grade teacher, firefighter or emergency medical technician, you may be eligible to participate in the revitalization of your community while also becoming a homeowner through the U.S. Department of Housing and Urban Development (HUD) Good Neighbor Next Door program.

    Highlights of Good Neighbor Next Door:

    • Discount of 50% from the list price of HUD Homes located in revitalization areas1
    • Applicants not required to be first-time home buyers2
    • No income limits
    • 1-unit single family primary residences, townhouses and condominiums eligible


    Program requirements for buyers:

    • Must be a law enforcement officer, pre-kindergarten – 12th grade teacher, firefighter or emergency medical technician
    • Must have a HUD approved real estate agent through which any purchase offers must be submitted
    • Must commit to live in the property for 36 months as sole residence
    • Must sign a 2nd mortgage and note in the amount of the 50% discount.3

    Some and/or all qualifying criteria may be set by independent third party program sponsors.
    1. Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days.
    The number of properties available is limited and list of available properties changes weekly. Check listings for eligible properties in your state at www.hudhomestore.com.
    2. Borrowers may not own any property at time offer is submitted and for 1 year prior to that date.
    3. No interest or payments are required on the 2nd mortgage provided the three-year occupancy requirement is fulfilled.

  • Wedding Gift Funds

    Planning your wedding or just married? Congratulations!

    If you’ve decided the next step in your life together will be buying a home, we have multiple loan programs with low down payment options available, which may allow the use of gift funds toward your down payment, closing costs or reserves. So friends and family can help give you something you really want - money toward your first home purchase!

    Already deposited your wedding gift funds?

    Here is the documentation you’ll be asked to provide:

    • A copy of a marriage licsense/certificate or wedding invitation; and
    • A signed statement from you, the borrower, indicating the funds were a wedding gift and repayment is not required.


    Haven’t deposted your wedding gift funds yet?

    You may be asked to provide this additional documentation:

    • Deposit slip showing the deposit of the gift funds into your account; and
    • An itemized list of the amount received along with the name of the donor.

    Restrictions may apply. Wedding gift funds must be on deposit in a borrower’s account within 60 days of the marriage license or certificate. The 60 days can be either 60 days prior to or 60 days after the date on the marriage license or certificate.

Expert Update -...

Expert Update - 10.09.2020

Friday, October 9, 2020

Expect Low Interest Rates to Last After its final two days of meetings ahead of the election, the Federal Reserve indicated no plans to raise interest rates. Near-zero rates could last for years---possibly until 2023---as the Fed allows more time for the economy and labor market to heal. To...

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