Every week we share stories about homebuyers and homeowners who are achieving their goals with RPM as their partner. Click below to read more.
This was our 7th home purchase, and we'll never make another purchase without you by our side.
Last year a couple bought what they thought would be their retirement home and final real estate investment. But they soon realized they were misinformed about the mortgage they got. They wanted to buy again, but needed planning advice and not just a loan transaction. They met us and we went over different loan programs that aligned with their budget and long-term goals. We pre-approved them assuming a sale of their current residence while purchasing the new home. Since their transaction was dependent on their home selling, we were the communication hub to ensure all parties and deadlines were aligned. After the two properties sold, the buyers said the photo finish was by far the best service and experience they had in all their home buying years.
We rent from overpaying renters to grateful homeowners in 19 days.
Discouraged by rising monthly rents, two eager home buyers got into contract on their first home after being pre-approved by another lender. But shortly after, the lender said they had inadequate work history that disqualified them. With just 20 days left to perform and high risk of losing their deposit, we quickly stepped in. We found the other lender’s oversight right away: while the borrower did not have two years on his current job, he did have two years of grad school under his belt. And since his degree was in the same field as his current profession, we could use it to help qualify for their low down FHA loan. By vetting everything up front, we were able to quickly close on time without hiccups – protecting the client’s deposit and fulfilling their goal of owning a home with a fixed long-term monthly payment.
We refinanced our former home, bought a new home, and put 40,000 dollars back into our savings.
Clients were working with another lender who miscalculated their debt and income, and things went awry. The lender had the buyers pay off $40k in debt and then were told they’d need to bring in an additional $25k at closing. But since they already spent thousands toward debt payoff, they didn’t have more cash on hand and couldn’t close the loan. At risk of losing their new home, they were referred to us to find a solution. We told them by renting out and refinancing their departing condo they could take out $60k from that loan to help offset the debts they’d paid off plus use $20k for their new down payment. This strategy fixed the other lender’s mistakes, replenished their savings, and most important: got them into their newer, larger home!
Timing and execution on our complex profile was imperative, and you nailed it.
A new client referred by her Realtor immediately got into contract a property. She already owned a much larger home with her husband and because he worked half of the year abroad, she wanted to downsize and move to a better neighborhood. Because she’d still retain her departing home, we educated her about using future rental income for qualifying and educated our underwriter about the borrower’s intent to occupy her new home. Her husband was not on the loan due to income restrictions, but we still needed him to sign a deed to release his obligations from the mortgage. He only had a short window of time sign, notarize and send back the deed but even though he was thousands of miles away we ensured it all aligned with our closing time frame and met our deadline of just 12 days!
We're saving 3,200 dollars a month on 7our properties because of your advice and common-sense lending.
A buyer came to us wanting to keep 2 of the 8 town homes he was building, but was having difficulty obtaining jumbo financing because of restrictions on newly constructed properties. Other lenders used the cost of acquisition as opposed to the homes’ actual appraised values, which lowered his loan amount, and increased his rate and payment. Frustrated, he left them and then was referred to us. We explained the nuances of newly constructed homes and discussed how we could use the actual appraised value of his $1.2 million properties. We also structured loans to recoup his building costs which helped him pay no out of pocket costs and allowed him to pay off existing construction loans. This lowered his rates and payments and gave him a long-term savings of $1,600 a month per unit!
We scored our dream home because of your fast approval and smart advice. Period.
After 2.5 years of ground up home renovations, a husband and wife were on the verge of finally moving into what they thought would be their dream home for the next 30 years. Then they realized that their actual dream home had just come on the market. They had just invested so much money into their home remodel and didn’t want to put it to waste so their Realtor referred them to us to get some advice on getting pre-approved quickly. Since they did not have a mortgage on their departing residence, they opted to leave their equity untouched, and we told them they could qualify for a new mortgage without renting out or selling their current home. We learned they had multiple trust accounts already in place and we discussed accessing those funds for their down payment instead of adding any additional debt. Once we pre-approved them and setup their trust accounts for their down payment, they made an offer and a month later they were relaxing in their true dream home.
After hardships and credit struggles following my service in the Marines, having a 0 percent down option saved me and my family.
A former serviceman was racking up debt while in school and wanted to buy a home for his family, but was unsure if about qualifying because of previous financial hardships, low credit, and unstable job history. We met with him and laid out a plan to help him purchase a home by the end of the year, including steps to rebuild his credit, and guidance on how we’d document his work history once he found a new job. Nine months later, his credit score rose 30 points, and he’d rebuilt a stable work history. We then approved him for a 0% down VA loan using six months job history plus a detailed letter describing his prior work experience. When he was approved, this tough and proud marine was so overjoyed he couldn’t even speak and shed tears of joy. Actions do speak louder than words, and it is our great honor to serve those who serve us, and enable them build the future they deserve.
We were able to put down 10 percent down on a 1.6 million purchase while increasing purchase power by nearly 200,000 dollars
New clients relocating from out of state were originally working with a large bank, but shortly after receiving an approval on their 15% down $1.4 million home, the lender threw them a curve ball and declined their loan. They had just removed all contingencies, making them at risk of losing their deposit, but fortunately there was a backup offer and they were able to get out of the deal unscathed. They came to us to look for another home, but were nervous about committing to another large down payment. We discussed their options and recommended an equity sharing program that gave them two advantages: it increased their buying power up to $1.6 million and decreased the amount they’d need to put down to just 10%. Because this program offered the benefits of a 20% down payment (with only 10% from them), this gave them the luxury of purchasing a much nicer home, preserved their cash, and kept their new monthly payment within their budget.
Your technical expertise saved me a fortune in taxes.
A client owned several rental properties and wanted our advice on maximizing buying power on a new rental. We analyzed his tax returns and advised selling his duplex to fund a down payment of nearly 40% using a 1031 exchange to defer capital gains on the sale. Instead of just relying on the typical two years of taxes to document rental income, we were able to use 25% of the monthly rents on a home he’d renovated (but kept vacant for 9 months) by providing a copy of the current lease agreement and rental history. This gave him the extra income needed to qualify, kept his loan amount below a jumbo which kept his rate lower, and overall the deal repositioned his investment strategy with more income and higher-quality assets.
Everyone gave up on us until we met you. Our home search went from a months-long nightmare to dream come true.
A young couple was searching for their first home for months, but felt discouraged after three properties they bid on and won fell through because of unsuccessful home inspection reports. Their Realtor didn’t want to wait anymore and decided to cut ties with them. They were about to throw in the towel, but remembered we’d met with them several years back and gave us a call. We outlined how we should help structure their loan to put them in the best position to buy. They wanted a jumbo loan with a low down payment, so we recommended 80/10/10 financing (a first and second mortgage combo requiring only 10% down), repaired their credit and improved their score in just days, fully approved their loan up front, then referred them to an ace realtor who knew their target neighborhoods cold. Their fourth time was a charm, closing was a snap with up front loan approval, and the long nightmare became a dream come true!
Your online process, 9 days close, and smart advice made my job relocation a breeze!
A client relocating for his job came to us in a scramble to get pre-approved for a new primary residence. He shopped online lenders, but was concerned about attentive service after reading negative reviews. We met with him and first proved we’d match competing rates, and then added in our ultra-attentive service on top of our online lending process. Since he was concurrently selling his former home and temporarily renting with most paperwork in boxes, we had him submit all of his income, asset, and employment documentation electronically in minutes using our Home On Time® App. Easy process. Super speed. He was clear to close in 9 days, two weeks earlier than scheduled, so he could focus on enjoying his new home, neighborhood, and office.
Your optimism, detailed advice, and ability to close quickly helped us get our first starter home.
Struggling to find a starter home in an ultra-competitive market, first time home buyers were referred to us to get pre-approved. With limited inventory available, we told them a sure way to make their offer stand out was for us to approve their loan up front before their next offer. Because they were looking in the mid-600k range and wanted a specific style starter home, it took a few months to find the right property. But by having their loan underwritten in advance, it put them in a position to buy once the home they wanted came on the market. We educated them every step of the way to make them comfortable navigating their first home purchase, and once the right home came up, they won the offer easily because their loan was done in advance, and they became new homeowners within 25 days!