Every week we share stories about homebuyers and homeowners who are achieving their goals with RPM as their partner. Click below to read more.
We were grateful for your expertise when a single missing document nearly cost us the purchase of our dream fixer-upper.
Our clients found a perfect HUD-owned property in need of repair and planned to use an FHA 203k loan to cover their mortgage and the cost of renovations. But, once we started digging into the home’s history, we learned that the previous owner had not received a certificate of occupancy, a requirement for our clients to be able to use the loan they wanted. They needed to either choose a different type of loan that didn’t work as well for them, or walk away from the deal. We got our in-house team of experts involved and negotiated a certification that replaced the certificate of occupancy. The city and FHA approved – giving our clients the green light. They got the home and are now busy getting it ready to move in.
As a Realtor, I was impressed by your knowledge and perseverance to get a nearly impossible deal done - the purchase of my own home.
Our recent borrower is a successful REALTOR® in her market and spends her time helping others find the perfect home. So when it came time to buy a home for herself, she knew how the process should go. She had good credit and income, but is self-employed which made it difficult for her to get pre-approved. Once she finally found a lender, she was promised they would close the deal no matter what. So our client started house-hunting and within a couple months, was in contract. She started getting suspicious when, three weeks in, the title company still hadn’t heard from the lender. When she finally got a hold of them, she was continually told to sit tight and that they were working on it. She knew something was not right. Sure enough, two months and two extensions later, her loan fell apart. Deflated, she was about to pull out of the deal when the listing agent encouraged her to give us a call. We met, studied her file, asked a lot of questions and got to work. We had her loan wrapped up quickly and in just over a week, she landed the keys to her new home.
I went from tears to cheers!
As the sole caretaker of two special needs children, our client was looking for a larger, more comfortable home in a better part of town. She was thrilled when she found her ideal property, made an offer and it was accepted. But a week into contract, another lender told her that she had too much debt and couldn’t qualify for the loan that she was previously quoted. In tears, she called us for help. We sprang into action, reviewed her documents and developed a plan. Our priority was to match her with a down payment assistance program that allowed her to use the cash she had saved to pay off her debt instead. Combined with an FHA loan, it was exactly what we needed to make it work. Our client is now the proud owner of a home that is perfect for her and her two boys.
A natural disaster forced me to relocate, but your commitment to securing me a new home helped me start over.
After Hurricane Harvey destroyed her home and business, our client was forced to move in with friends in another state while she figured out her next move. She eventually fell in love with the area, found a job and decided that buying a home would be the perfect way to plant roots in her new community. But when it came time to apply for a home loan, she couldn’t get approved due to an eight month gap in employment. Understanding there is sometimes more to a story than paperwork shows, we sat down together and learned of her amazing perseverance. We knew we could make it work and asked her for a copy of the offer letter from her new employer and a letter explaining the break in work history. Within 40 days of getting pre-approved, our client became a homeowner. She is now well on her way to rebuilding her new life.
Less than twelve hours before we were to sign and we still weren't clear to close. But with your dedication, we got our home without any delay.
Our recent borrowers had been looking for their perfect home for a while and were excited to finally find a new construction condo that they loved. But when there was a breakdown in communication between the condo developer and the appraiser, we weren’t sure we’d be able to close on time. So with hours to go, we got everyone on board to help. We worked throughout the day and into the evening, determined not to have to ask for an extension. Final word came through around 6:30 p.m. and our clients were in the office at 8:00 a.m. the next morning to sign the papers for their dream home.
We thought our deal was dead in the water until you threw us a raft.
A couple was making a move across the country and planned to use an FHA loan to purchase a new home. They wanted to leave the husband off the mortgage due to his low credit score and commission-based income, which would be difficult to verify. Still, because it was a community property state, we were required to measure his debts against his wife’s income, which ended up putting her over the ratio limit and threatened to disqualify her for the loan. Thankfully, due to the quick thinking of our team, we found a solution. We lowered the couple’s down payment from 12% to the FHA minimum of 3.5%, freeing up a considerable amount of cash that they then used to pay off their car loan. This not only bettered their debt-to-income ratio, but lowered their monthly expenses. We got the deal closed and the couple is now enjoying life in their new home and community.
We were crushed when we were denied by our previous lender and lost our deposit and the house. But you came through for us on our second try!
Referred to us by their close friends, our recent borrowers were upset about being denied by their previous lender two weeks before closing – costing them the house and their deposit. When we met, we learned that the other lender denied the couple for a VA loan due to eligibility requirements and a short employment history. What the lender didn’t seem to know was that there had been recent changes in eligibility limits, which allowed them to qualify. In addition, though the husband had retired from his job of 20 years, he had recently taken a new position with nearly all the same responsibilities. So his time with his new employer was short, but he showed a long history of employment in the same type of work. Overcoming that last hurdle, the couple moved forward with making an offer on a home they liked even more than the first one, and we closed their loan without a hitch.
We couldn't have purchased our new home without the sale of our old one. Luckily, we had you to help make it happen.
After we met at an event a year earlier, a couple came to us ready to accept an offer on their current home and get into contract on a larger one. But, two weeks before the closings, we learned that the buyers of their current home had their financing denied by another lender due to insufficient income. Our clients needed the sale to be able to afford their new home and were heartbroken that they would likely lose out. In an effort to get both families the homes they loved, we stepped in and offered our services to the buyers. Once we took a look at their file, we found income that had gone unreported in their 2017 tax returns. With an extra $5k to report, we were able to approve their loan and move forward with both purchases. Thankful that we could save the deals in time, both families are now happily living in their new homes.
Relocating to a new state is stressful enough without having to worry about qualifying for a home. Thankfully, you were there to help us.
A disabled veteran and his wife were set to relocate to a new state after she landed a residency at a local hospital. They attempted to get pre-approved with another lender, but were told they needed to live in the state with her working for at least a month before applying. Worried they would have to move their family of six into a hotel while they waited, they came to us looking for a second opinion. We reviewed their file and found there would be no need to wait if the husband could qualify on his own for a VA loan. We crunched the numbers and were able to qualify him at an amount they were comfortable with. In the end, the couple closed on a home a week sooner than expected and had time to settle in with their family before the wife started her new job.
Thanks to you, we've finally been able to find a balance between work and home.
A couple had a very specific need for their new home – it needed to help improve their work-life balance. She wanted to shorten her two hour commute and he needed a comfortable space that allowed him to work from home. They also had some specific needs for their loan. She was a first-time buyer and he was in the process of selling a house, so he didn’t have much to contribute to a down payment. Both were receiving gifts from their parents and had a lot of questions along the way. While they started looking for their perfect home, we began looking for a loan solution to accommodate their needs. Working together, we were able to help the couple qualify and feel good about their purchase. They are now set to close at the end of the month on a home with a separate work studio that is only minutes from her office.
With only hours to spare you helped us beat out nine offers and secure us a new home base.
An active-duty naval officer was thousands of miles away for training while his wife house-hunted back home. Having been pre-approved for a VA loan by a well-known national lender, she found the perfect condo and submitted an offer. But she was shocked when, the day the sellers were to review offers, she learned the complex was not eligible for VA lending. Knowing there were only a few hours to spare, her agent referred her to us for help. In just 90 minutes we reviewed all documents, got the couple pre-approved for a conventional loan, committed to closing in 21 days and submitted a new offer. Our quick action was enough to help our clients beat out nine other bids and win the deal. Now the wife is settling in and preparing for her husband’s long awaited return home.
Your commitment to a quick closing was what we needed to get the right home.
Two sisters were looking to purchase their first home together in a very competitive market. They had already been in contract on two different homes, which had fallen through due to poor inspections. Starting to feel frustrated, they decided to take one more chance on a home that they felt would be perfect. To give them a competitive edge, we included in their bid a commitment to close in less than 21 days. The strategy worked! Their offer was accepted and the loan went through without a hitch.