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 in one word: Amazing! Made our cross country job relocation a walk in the park.
A couple relocating from PA to CA found their perfect $1.1 million home. They had 2 big hurdles: qualify with the additional cost of their PA home because they didn't have time to sell it before the CA purchase, and qualify their incomes shifting from salary heavy to bonus and stock heavy. Since bonuses and stock rewards can change yearly, they must be averaged over 2 years and show proof of continuance to qualify. We educated them on the precise documentation we needed to qualify them, and obtained everything in time to make them CA homeowners within 14 calendar days.
RPM came through for me once again--this time on a 2 million-dollar home purchase.
A repeat client came back to RPM for help achieving three major financial goals: buy a larger primary residence, retain existing primary residence as a rental and conserve money invested by using a Home Equity Line of Credit (HELOC) for part of the down payment on the new home. This meant he had to qualify for the full carrying cost of both homes, including the increased HELOC payment. We used the actual payment on the HELOC, and allowed the rental income, enabling him to upgrade homes, become a landlord and keep most of his money invested.
I recommend RPM's services with both pleasure and confidence in their ability to find the best possible outcome.
A couple was referred to us with the goals of moving to a newer part of town with a better school district, & keeping their existing home for the wife's aging mother to move into. They were painstaking about the details and wanted to know everything: how we calculated their qualifying income, what their two-property budget would look like, tax & insurance implications. The husband began by telling us he was demanding. When we helped him meet all his goals within 30 days, he ended by telling us that our "communication, professionalism, & efficiency throughout the whole process was excellent."
Your speed and responsiveness made selling our old home and buying our new home way easier than we imagined.
In order to use funds from selling their existing home to make a down payment on a new home purchase, our clients needed to close both deals concurrently and they needed a lender who could work around the clock. The borrowers were stressed when they first came to us for their $1.575 million purchase loan because they already had a buyer in contract for the home they were selling. But we laid out the timeline and a plan for working together quickly, spoke to them every day, and both deals closed simultaneously. Now they're celebrating in their new home closer to the beach!
You saved me more than 590 dollars a month and gave me access to my equity in ways I didn't know were possible.
A retired widow who owns more than 10 properties needed cash to upgrade her rentals. When her husband passed away six years ago, she was stuck in high interest loans. No lender could qualify her for refinances on her own... until RPM took a closer look. By refinancing her primary residence, we lowered her payment so much she was able to qualify for that transaction, plus cash-out refis on two other rentals. Overall she's now saving $590 a month, plus she has $200k to upgrade her rentals so she doesn't have to sell any income producing property to get the funds!
With past credit issues, I didn't think I'd get pre-approved, but RPM helped increase my credit score to get me into my first home.
Our client wanted to get pre-approved for her first home but her credit score was too low to qualify after a financial rough patch. We analyzed her credit profile and guided her for two months on how to get the most credit score improvement for the least amount of money. The plan worked, and within 30 days of obtaining her higher score, she submitted the winning offer on a house she fell in love with. We also met her request to finance closing costs so she could conserve cash at closing to help furnish her new home.
From being on the street and facing so many financial obstacles over the years, it's hard to believe we're actually homeowners now. It's still like a dream!
After spending many years transitioning from extreme hardship to securing stable jobs, growing their family, and overcoming countless obstacles, a couple asked us to help with their next big leap: buying a home. We worked with them for several months, advising them on savings plans and down payment options. When they were ready, our Advance Approval® program enabled them to win the first bid they made on a home. They never thought it could happen, but when we closed in less than 15 days, all their years of rebuilding had a happy ending!
Being new to the U.S., I knew home financing would be challenging, but RPM's expertise on qualifying foreign nationals made it a breeze.
A client from Australia who'd been here for less than a year on a work visa needed help purchasing a home but didn't have U.S. tax filings, credit scores, or assets. Nevertheless we assured him, his agent, and the sellers that we could perform. We were able to use a foreign credit report, and worked with the client to document non-U.S. property sales and very complex multi-currency asset transfers. Despite the complexity, we closed in 30 days.
After I almost lost my home because another lender couldn't perform, RPM made miracles happen.
Twenty days into their 30 day home purchase contract with no loan approval or appraisal, a buyer's realtor asked if we could rescue the deal. We quickly packaged their loan, but mid-way through found an undisclosed property they owned, resulting in a debt-to-income ratio too high for qualifying. With our help and guidance, we added a non-occupant co-borrower to their loan, packaged the file for re-submission, and still closed within 12 business days.
I was stressed relocating for a new job, and feared I'd lose out on my first home. RPM calmed my nerves and closed on time.
A buyer relocating from Oregon to California was working with another lender for weeks without a loan approval in sight. The seller had already given the buyer two extensions and offered one last chance. The buyer's realtor referred him to us and we were able to approve his new job's income using only his offer letter. From meeting the client to closing, we got it all done in 12 days, saving and keeping him focused on the move and the job!
Our RPM refi paid off not one but three home loans plus a credit card, saving us 1,300 dollars a month--it was a huge blessing in our lives.
When a client was concerned they may not qualify for their refinance, we looked at their whole financial picture to offer alternative options to help them save. With our suggestions, they were able to pay off their home improvement loan and their existing first and second mortgages, saving them $800 per month. We also used a credit card payoff to help them qualify for the loan, saving them another $500 per month. The $1300 monthly cost reduction opened up a new world of savings and investing options for them.
When other lenders couldn't commit to my 15-day close, RPM's speed, service, and execution helped me win a bidding war.
Clients looking to move into a neighborhood with a better school district chose us after comparing rates between multiple lenders. After we completed their Advance Approval®, they waived all contingencies on a 15 day close to win a bidding war in a highly desirable neighborhood. Because they had a $2 million loan, their transaction required two appraisals, and one of the appraisals came in low after the bidding war pushed up the home price. The clients increased their down payment to offset low appraisal, knowing the long-term value of the home and neighborhood - and we still closed in 13 days, allowing them to move in two days early!