Every week we share stories about homebuyers and homeowners who are achieving their goals with RPM as their partner. Click below to read more.
RPM didn't just pre-approved me, they Advance Approved me so I won my bid with just 5 percent down and closed 4 days early.
A client's down payment was limited, so we told him about Advance Approval®. With his loan already underwritten and approved, he was able to offer a 21 day close with just 5% down and opted to waive his loan contingency. The sellers and listing agent were impressed and accepted his offer above many others with higher down payments. The escrow company at first doubted he could close that fast, but we delivered them closing documents in time to close 4 days early. On Yelp, the client said their RPM team was "as wonderful at their jobs as they are as people."
Working with RPM was like Disneyland without the lines. Start to finish lightning speed. Supercalifgralistic EXPERIENCE alidocious!
A client working with another lender saw their entire country home plan flash before their eyes when that lender said they didn't understand the client's self-employed income late in the game. The client had already picked out fixtures on the new construction home and the builder decided to start evaluating a backup offer. Clients asked RPM to step in, and we advised on using gift funds for a down payment which could be imminently repaid when they sold their investment property. We closed in 17 days, keeping them on time, and getting them into their new cabin with fairytale ending.
I threw RPM several curveballs when my retirement came early, and they handled it all quickly and professionally.
A client had been making several home purchase offers and finally got into contract on a beautiful condo. During the transaction, the buyer's company moved his planned retirement date much earlier, changing his income structure and forcing a new loan approval. We briefed his employer on the income documentation required for his revised deferred compensation plan, and briefed him on our loan programs that allow for this type of income that was to replace his salary. Then we resubmitted his loan for approval within a few days, and he's now enjoying retired life in his new condo.
I came to RPM to lower my rate, and ended up with 20,000-dollar less credit card debt, and extra cash for home improvements!
A client asked us to refinance her into a lower rate, but after analyzing her profile we noticed her debt was too high to qualify. We also noticed she had high-rate credit card debt, and enough equity in her home to qualify for a cash-out refinance. Plus she told us that she'd been hoping to take care of some home maintenance and improvements. So we presented options for a cash-out refinance to reduce credit card payments in order to qualify for the loan. She got her lower rate, paid off $20k in credit card debt, and got cash to fix up her home - all in under 30 days.
We've purchased multiple properties, and dealing with RPM was the best experience we've ever had.
After getting pre-approved by an online lender and finding a property, experienced home buying clients felt blindsided by constant and unnecessary requests for additional documentation. Already halfway through their 30 day escrow period, their realtor referred them to us knowing the extreme pressure of changing lenders so deep into a transaction: two other transactions for the seller were relying on an on-time closing. We took over and closed their $1.1m purchase in just 15 business days, in time for the seller to receive proceeds to close their other contingent properties.
We've started with RPM Thursday night, submitted our pre-approved 21-day-close offer Friday morning, and won a bidding war!
Clients only had 15 hours to get their offer submitted and their realtor asked us for help strengthening their offer. We advised them and gathered their financial profile at 9 am on a Friday, pre-approved them within an hour, enabling them to submit their offer by the seller's 11 am deadline. We followed their offer by calling the listing agent to assure them we could release financing contingencies in 7 days and close in 21 days. Their offer was accepted, and they moved in to their first home right on schedule, no surprises.
In a market where 50-day closings are the norm, RPM blew us away with a 25-day close.
When a client found the perfect home, their realtor told them to anticipate a 50 day close due to a shortage of appraisers in the region. We explained that our appraisal affiliate uses experienced local appraisers across hundreds of markets, allowing us to shorten appraisal contingencies and closings. The clients revised their offer to a 25 day close, helping them win over the listing agent and get accepted by the sellers. We received the appraisal back in just 1 week, 4 times faster than the area average- and the clients settled in a month early!
After our short sale, we thought we'd have to wait years to buy again, but RPM helped us purchase again just 60 days later.
After a 4 year battle with his mortgage lender over miscalculated payments, a client was left with no choice but to stop fighting and short sell his property. Five days before the final short sale, he found a new home and his realtor referred him to us. While many lenders require that years have passed, he had kept mortgage payments current so we were able to pre-approve him just 1 day after his short sale. We got it all done in 60 days, and his Thank You card is why we do what we do: "To the RPM miracle worker, I am eternally grateful for all of your help."
RPM's Advance Approval helped us beat cash buyers when buying our home with lots of land.
A couple searching for a home with land for a few months soon realized that all-cash buyers were stiff competition due to the complexities of extra land. So they asked RPM for our Advance Approval® where we approve them up front, enabling them to behave like a cash buyer. They fell in love with a half-acre property for $835,000 that needed work, was in a flood zone, and the appraisal came in low. But because our clients were approved up front, they had a stronger position to negotiate and solve these issues with the seller and still close on time.
We needed a great rate to afford our 1 million-dollar home and a 14-day close to win the deal. RPM nailed both.
After first time buyers had been home shopping for six months in the ultra-competitive Seattle housing market, they learned that speed matters as much as rate. Their financial advisor originally sent them to their existing bankers "for convenience" but they soon realized that their banker couldn't perform at the speed Seattle sellers demand. We stepped in and closed their $1 million home purchase with an $810,000 loan in just 14 days- which included approval of a property with non-conforming zoning, giving the clients a storybook ending to their half-year home search.
RPM never gave up on us as we scraped every penny to buy the home we rented and loved.
A couple had the opportunity to buy the home they rented for years, but funds were tight and debt was high. They were under extreme stress due to the husband's health issues and possibly having to uproot their small children from their beloved neighborhood. The purchase option in their lease agreement was their only opportunity to own a home in a market that had appreciated beyond their means. We approved them using one of our down payment assistance programs. They summed up our mission by saying: "we felt RPM was personally and professionally dedicated to our success."
RPM fixed my credit reporting errors and increased my score by nearly 100 points.
A couple in Colorado couldn't bear another rough winter and decided to relocate to Santa Barbara to be closer to sun and family. When starting their loan approval, we noticed that late payments on a credit card they'd paid off months ago were crushing their credit score, so we began the credit repair process of disputing the late charges. Within just 12 days, our credit repair work increased their credit score 100 points, drastically lowering the rate and down payment on their $1.4m loan. We closed just 12 days after completing credit repair, and our buyers are now warm in Santa Barbara!