US Mortgage Says Home Loan Demand Expected To Increase
US Mortgage Corp, a diversified mortgage products and services provider that offers net branch affiliate programs, announced that they have ample funds and credit facilities to meet an increased demand for home loans. With home prices low and interest rates at near historic lows, now is an ideal time for potential homebuyers to get in, the company reports. The key, according to Gary Lehnes, Net Branch Development Manager at US Mortgage, is to work with a team of people that understands the guidelines and qualifications for the many programs available in today’s marketplace.
Net Branch Affiliate Managers at US Mortgage have on average 10 years experience and are teamed with processors and underwriters with similar levels of experience. Qualification guidelines are back to where they were before all of the stated and “no doc” products came into the market. Most of the Net Branch Affiliate Managers at US Mortgage were in the business before those products came into vogue, so they know how to analyze a borrower’s financial situation and maximize their borrowing power.
Industry experts back US Mortgage’s provision of ample funds to lend consumers, stating that today’s market is turning into a good time to buy a home or investment property, because prices and interest rates are low and money is available.
Also, despite the issues with Fannie Mae and Freddie Mac, many of the loan programs they offer are still in place. In addition, experts are seeing more FHA (Federal Housing Administration) loans – with the volume of FHA loans increasing 300 percent in the last 12 months.
One of those government programs is the U.S. Department of Agriculture Rural Development guaranteed housing loan program, which provides 100 percent financing for the home with no down payment or mortgage insurance required. And it has a tax credit attached to it. (Standard-Speaker, Hazleton, Pa.)
Additionally, some government financing programs will actually provide grants to some people who are first-time homebuyers and are in the right income range.
“To find out about these programs, it’s important to talk to an experienced lender. One of our knowledgeable net branch affiliate managers can certainly help prospective consumers fulfill their dream of owning a home in today’s market,” Lehnes adds. “Like I said, it’s becoming a great time to buy a home with low rates, low prices, and a lot of good homes out there. The money to lend is available, so it’s time to get in.”
Information on the BranchLink program at US Mortgage is online at http://branchlink.usmtg.com
About US Mortgage
Headquartered in Pine Brook, NJ, US Mortgage is a licensed mortgage banker founded in 1996. US Mortgage’s owners and principals founded West Jersey Community Bank, a de novo corporation, prior to the incorporation of US Mortgage. Sharing the vision of a national, multi-platform, mortgage banking organization, the company subsequently broadened the business with the formation of CU National Mortgage, a national provider of transparent mortgage services for credit unions; US Capital Markets, a secondary market resource to investors and sellers; Icon Residential Capital, a national wholesale lender and BranchLink, the branch affiliate program that is bringing US Mortgage to locations throughout the United States. For more information, visit http://www.usmtg.com
US Mortgage Corp.
19D Chapin Road
Pine Brook, NJ 07058
- Contact Information
- Frank Kuri
- Vice President Branch Development
- U.S. Mortgage Corp
- Contact via E-mail
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