Every week we share stories about homebuyers and homeowners who are achieving their goals with RPM as their partner. Click below to read more.
For RPM to meet such short closing deadlines and help me beat an all-cash offer was truly amazing.
A few months before coming to RPM, a client's offer on a property she loved was outbid by another buyer. After she found us on Yelp, we pre-approved her, and a few days later that same home went back on the market because the original buyer backed out. Our buyer was up against an all-cash 14-day close, but the seller needed to close sooner to meet a financial deadline, so they accepted our client's offer instead. We closed in just 8 business days. She's now settled into her new home, and we're already working on her second home purchase.
After another lender advised incorrectly on a home purchase two weeks into the deal, we took over and still closed on time.
A financial planner referred a couple who was already halfway through a 30-day close on their purchase of a duplex for the couple and the wife's mother. Their previous lender mistakenly structured their loan as an investment, causing the rate and down payment to be higher than they budgeted. We took over, presented a much more affordable 20% down option, re-appraised the property as owner-occupied, and closed within the 2 weeks that were left.
When buying a new home closer to our daughter and grandkids, RPM preserved our retirement savings and reduced our monthly budget by hundreds.
A competing lender who knew RPM had a program that used bank statements as an alternative to income referred us a couple who needed help qualifying. They wanted to keep their existing home as a rental and buy a new home closer to family. To leave their retirement savings untouched, we recommended taking cash out from their existing home to buy a new home. This strategy kept $100,000 invested and reduced their existing property payment by $200 a month. And, we got it all done two weeks ahead of schedule.
The whole process has been like a dream, and we're closing a week early.
Within 24 hours of meeting a first time homebuyer client, we gathered his documents and issued an Advance Approval®, enabling him to shop for a home with his loan already approved. He initially wanted to conserve cash using a lower down payment until we showed him how to ultimately save more using a slightly larger down payment to get a lower rate. When he got into contract, we got appraisal in three days and loan documents in five, enabling him to become a homeowner in just 11 business days!
Because of litigation issues with the condo project, two other lenders said they couldn't close my loan, but RPM found a way to make it work and wowed us.
A client, who is a loan officer for a competing lender, came to RPM in despair as the sellers of a condo he was buying were ready to find a new buyer. After two other lenders said there was no way to complete his loan because of condo project litigation, we discovered the litigation was not about the condo building itself but about an HOA dues dispute, which we were able to approve in just 19 days. Our technical condo expertise saved the deal, won over a competitor, and earned the trust of both realtors and the HOA.
Relocating, starting a new job, and house hunting can be pretty stressful, but thanks to RPM we closed in less than 30 days--including a holiday!
A couple relocating from Utah to California was house hunting when they were referred to us by their Realtor. The listing agent knew RPM's reputation for closing on time, which helped the clients' offer stand out from other offers. And because the wife's new job wasn't going to start until after they closed, we worked with our team to document her income using her offer letter instead of paystubs. New city, new home, new job all in time for the new year!
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.