Every week we share stories about homebuyers and homeowners who are achieving their goals with RPM as their partner. Click below to read more.
You made our home purchase more than simple. It was fast and worry-free so we could focus on teaching.
Two busy teachers who we'd helped on past purchase and refinance transactions reconnected with us to prepare for a new home purchase before a new school year started. They wanted to get approved for a jumbo loan in the mid $600,000 range, but still had six figure student loan debt. We reduced their overall qualifying ratios by utilizing the actual payments on their student loans as opposed to a standard percentage rate most lenders use. In just 15 days, they closed and moved into their new home just before the new school year began. After closing, the teachers gave us an A, saying: "thanks to you, we can be more present for our students."
Your technical skills qualifying new U.S. residents is why we now have our piece of the American Dream.
New U.S. residents were told by another lender that, due to their limited work history and credit, they couldn’t qualify for more than the conforming max of $636,150 with 30% down. In a tough high-priced market, they knew this wouldn’t be enough. After our initial consultation, we recommended a first and second mortgage combo. Since they hadn’t established any U.S. credit yet, we were able to use their credit report from Canada to satisfy credit history requirements, and Advance Approve them for $100,000 more than the other lender. So they could borrow $750,000, and only needed to put 20%, which preserved about $85,000 in cash. This option fit their budget and got them into the price range they were looking for. When they found a home, our Advance Approval enabled them to write a cash-like offer to win the bidding war and close in 23 days. The latest proof that the American dream of homeownership is alive and well!
I can't believe your precision and speed: when another lender denied my loan, you found why and close in 8 days!
A recently divorced client was working with another lender on a new home purchase when they denied her loan just one week before closing. When her realtor referred her, we dug in immediately to find out what went wrong, and found a provision of the divorce decree saying if the husband refinanced or sold their former home, she was owed 20% of those funds. The other lender denied her because they misinterpreted this and included her ex-husband’s mortgage expense in her qualifying calculations. We had the client obtain a copy of the signed deed showing her as removed from the former property, therefore excluding this debt from her liabilities. Because we did this analysis and documentation right out of the gate, we were able to finalize the loan in 8 days, taking the borrower from state of high anxiety to sheer exhilaration.
I came to you with a bankruptcy and left with a 720 credit score a 1 million dollar home with my son and family!
Two years ago we helped a couple obtain a low down FHA loan for their first home. More recently, we spent months working with them to execute their long-term family plan to purchase a much larger full-family home with the husband’s mother. The couple and the mom each needed to sell their departing residences so they could use those funds for their down payment on the new home. In addition, the mom’s credit profile needed to be rebuilt. For months, we worked with her to connect with the credit bureaus to remove past mortgages from her previous foreclosure and bankruptcies, and advised her to open a new card to re-establish her credit. During this time, she went from not having any active credit accounts or even a credit score to a top-tier 721 score! This was the final puzzle piece we needed to complete pre-approval for all family members for their new $1 million home in a much nicer school district and better community.
After another lender miscalculated our income, you saved our home and sanity.
A couple was in contract to buy a home for weeks before another lender finally told them no-go because their income was not high enough to qualify. Buyers had already passed the loan contingency date on their contract, so they were forced to close or risked losing their deposit. Their realtor came to us one day before a holiday weekend with less than two weeks to close. We assessed the client’s file and found that the other lender was deducting expenses from the buyer’s write offs on their taxes that, due to the buyer’s commission income structure, did not need to be excluded. We knew this and quickly acted, enabling us to go from application to funding in just 9 business days. Deposit saved. Deal done. Sanity preserved. Just another day serving our clients!
We only had 3.5 percent down, and you closed us in 9 days. Tears of joy and relief!
Clients came to us in distress after working with another lender unsuccessfully on their 3.5% down FHA purchase for nearly two months. The other lender had trouble documenting their income and didn’t properly understand rules relating to down payment gifts for FHA loans—which are allowed, but require very specific documentation. We paper trailed the funds for the gift, and addressed that the source for the funds were from the family and did not need to be repaid. Because they were out of time, we completed our initial client consultation, packaged and submitted their file for approval all in one single day. Then we approved and closed them within just 9 days. They cried tears of joy and relief when they found out how fast we were able to finalize their loan and keep them on track.
Your common sense lending saved our deal on a once-in-a-lifetime property.
After a local artist passed away, his widow listed their one-of-a-kind loft in hopes of finding a buyer who would preserve its use and beauty. Another artist fell in love with the property immediately and made an offer. Deep into the deal, the buyer’s lender told him they couldn’t lend on it because the loft had been converted from a grocery store. The seller wanted to give her “ideal” buyer a chance, but started considering other cash offers. The buyer’s realtor referred him to us with just 10 days left on the contract, and after studying the zoning history and recent comparable sales, we were able to properly document the property as a standard residential deal. We closed within two weeks of receiving the file, and made both seller and buyer dreams come true by allowing the property to pass to someone who would preserve its legacy.
When another lender fumbled, you helped me get 800,000 dollars in cash to remodel my rentals.
After working unsuccessfully with another lender for six months to obtain cash out from two rental properties to remodel them, a client vented to a family member who’d worked with us and sent her our way. After examining her profile, we realized the other lender barely scratched the surface. She only owed $15,000 on each rental and wanted to take out $400,000 from each home for remodeling. She owned four properties total, with each of the rentals in question having income from multiple units, plus she had multiple sources of investment and retirement income. It was just a matter of studying and documenting a complex profile. Within 30 days, we closed both loans and she got started on both remodels.
Advance Approval won our bidding war, even beating offers from cash buyers!
A very busy client in an extremely competitive housing market was bidding on a condo just before leaving the country. She could only put 20% down, which sellers don’t consider very competitive when reviewing several concurrent offers, including offers to buy for all cash. So we used our buyer’s need for speed as a way to appeal to the seller of her dream condo. We used our Advance Approval program to fully underwrite her loan before she made an offer, which made her comfortable writing a 15-day-close offer that wasn’t contingent on financing. Doing so made her offer as competitive as cash, and in fact, able to close faster than other cash offers. The sellers accepted her offer, and we closed the entire deal before our client had to leave town. Smart advice, simple process, super speed.
I've bought 15 homes in my life. My experience with you was the best by far.
While touring an open house, a home buyer saw the loan options flier we had displayed at the home. After seeing our competitive rates and various loans to meet different buying objectives, he contacted us to get started. We sent him to our Home On Time® App where he applied in minutes and direct-connected his income and assets using his phone, saving days of chasing paper to get approved. We issued his pre-approval letter to the realtor, assured the sellers of how fast we could close, and he won his bid on the home! We closed on time as promised, and could’ve closed early, but he wanted more time to negotiate a closing credit from the seller, which we also advised on.
We wouldn't be homeowners today if you hadn't helped us sort out a foreclosure and gotten us a low down VA loan.
A couple looking to get approved found us online, and told us their existing lender couldn't approve them because of a past foreclosure. Our homework revealed that the foreclosure was one month older than the 7 year post-foreclosure waiting requirement for their target loan. We approved them for a piggyback first and second mortgage and they found a home shortly after. A week later they told us the wife had been in the reserves, and asked if she qualified for a VA loan to lower their down payment. We re-structured their deal to VA midstream, confirmed their required benefits, and still closed their home purchase on time in 21 days!
Two years out of bankruptcy, we never thought we'd own a home again-until we met you.
After going through a tough bankruptcy two years ago, a couple was looking for a new home to settle into and get back on their feet. Other lenders couldn't meet their jumbo loan objective so soon after a bankruptcy. But when we analyzed their profile, we concluded that their past credit issues were isolated and the rest of their employment, income and asset profile was stable- and we approved them for a jumbo loan on a $620,000 purchase price. This was a life changing moment for them to be able to recover and get back on a long-term path so soon after their troubles. Second chances are alive and well working with us!