Every week we share stories about homebuyers and homeowners who are achieving their goals with RPM as their partner. Click below to read more.
While relocating for work, we came to RPM to finance our new home, and ended up also saving thousands on a refi of our second home.
A relocating client was hunting for a new primary residence so we completed a full loan approval upfront through our Advance Approval® program, enabling them to shop for a home with an approved loan. While they shopped, we reviewed their second home loan and found they were in an interest only 40-year fixed loan. By refinancing into a 30-year fixed in just 19 business days, we reduced their rate by 1.375% and saved them thousands in interest, all while locking them in on a new purchase loan when they found their new home a few weeks later.
Fresh out of school. I had little work experience and down payment funds. Your clear direction helped me buy my first home with confidence!
A recent nursing graduate had been trying for months to buy her first home but kept getting beat by higher offers. Because nursing income is variable, it must be averaged over longer periods than salaried income. To help her qualify for her target home price, we documented her income earned while still putting herself through school. Then and as she got more time in her new job, her income average picked up, eventually enabling her to write a winning bid on her perfect home. We re-qualified her at every step on every offer until she achieved her goal.
You're a true professional in every sense of the word--moving mountains to close homes we were selling and buying.
Clients selling their existing home to purchase a larger home had a buyer drop out two weeks into the deal because the buyer’s lender declined them. While RPM was approving our clients’ new purchase loan, we stepped in and approved the buyer’s loan by offering a lower rate and paying off credit cards to qualify. Our selling clients avoided losing their deposit by closing their new home on time while their buyer became a proud—and relieved—new homeowner.
I truly appreciate your thoughtfulness in making my unusual situation work!
A client with complex debt and income asked us to finance a $2 million home purchase with 20% down. Their debt-to-income ratio was 7% above the 43% limit because of a monthly obligation associated with a recent divorce settlement. Using extra available cash to increase down payment didn’t help enough, so we advised paying down the divorce commitment to lower that monthly obligation, which enabled them to qualify, and we closed within 30 days.
When my wife and I were feeling dire, RPM came through with calm, determined tenacious energy that brought hope back into our hearts.
After working with another lender for 8 months while their new home was being constructed, a couple asked us to step in with 24 days to go. The other lender couldn’t perform on their goal of a 15% down jumbo loan with no mortgage insurance, or handle their minimal credit history. All within the tight timeline, we worked with our underwriter to qualify them by adding alternative forms of credit to their profile, secured their target loan, and saved their new dream home.
Two words to describe our RPM closing process: easy peasy!
With just two weeks left to close on their new home, clients renegotiated their contract to pay the seller’s realtor commission to reduce the sales price and save on their property taxes. Purchase contract re-negotiations require appraisers to amend appraisal to reflect new terms, and require new purchase contracts to be approved again. We handled all of these changes, signed clients remotely while they were out of town, and still closed on time.
Unlike the other lenders, you believed in me, saved my credit score--and saved my home!
A REALTOR referred a client who was already in contract to purchase a new home, and other lenders had declined her loan because she had several late mortgage payments on her credit report. She believed they were errors, so instead of simply declining the loan, we paused our approval review to investigate the derogatory credit. After spending hours and days working with her previous lender, we helped her remove 19 late payments and got the three credit bureaus to rescore her in just days, which improved her credit score by 81 points! She closed on her new home just two weeks after meeting us.
RPM closed our refinance in 30 days and lowered our payment by 250 dollars!
After our client witnessed a friend's family tragedy that left her friend with a financial and housing burden, she came to us for guidance about her own family's mortgage and future plans. We advised on the proper refi loan structure, closed their refi in 30 days and lowered their payment by $250!
RPM hung in with us every step: trading up properties, credit repair, and then saving us 900 dollars per month!
A couple on the verge of giving up homeownership due their excessive budget and damaged credit came to RPM in desperate need of help. For five months we advised on budget tightening and began credit repair, enabling them to sell their home and reinvest into a new property that also generates rental income. Then, when credit repair was complete eight months later, we lowered their payment $900 with a refi.
After an emotional roller coaster with our last lender, RPM took over and made our dreams come true!
When another lender declined our clients’ FHA loan two days before closing due to miscalculating self-employed income, they thought they had nowhere to turn and found an apartment to rent. Then they discovered RPM: we analyzed their income, rushed the appraisal, approved the loan, and closed on their dream home in 10 business days!
When other lenders couldn't adapt to our rapidly changing situation, RPM had perfect solutions each step of the way.
A risk averse couple looking for a new neighborhood didn’t want to list their existing home without being fully approved for a new home purchase. We approved their new purchase up front with our Advance Approval program, but then their sale plans changed after a buyer pulled out. We then proposed—and quickly closed—a refi on their existing home that saved them $250 per month, paid this year’s property taxes, and gave them $5,000 to pay down credit cards.
We gave up on our other lender after no results for three months, then RPM closed our refi in 30 days!
After another lender couldn’t qualify a couple because their rental and retirement income was very complex and their appraisal came in low, RPM took over immediately. We approved them in 9 business days, plus our appraisal came in more accurate and higher, and our closing costs were lower. It was a complete turnaround for clients on a tight budget.