What is Pennsylvania Housing Finance Agency?
This is the FHA upfront MIP rate and this amount is typically financed into the mortgage.
What is 1.75% of the base loan amount?
This is James' dog's name.
What is Tilly (Matilda)?
What is PA?
This is the current conventional conforming loan limit.
What is $726,200?
This is the PHFA program for first-time homebuyers.
What is KHL (Keystone Home Loan)?
What is USDA?
What is commission - after the loan closes?
Homesale uses this platform to allow agents to partner with us for various types of marketing at no cost to the agent.
What is Total Expert?
This is the North Pointe office's mortgage success goal for 2023.
What is 17%?
Through July the office is at 8.4%.
K-FIT is forgiven over this many years.
What is 10?
What is 620?
This is the number of children Dan has.
What is 4?
What is the HSM mobile app?
After a bankruptcy, this is how long a borrower must wait to qualify for a conventional mortgage.
What is 4 years?
What is 660?
This is the annual (paid monthly) MIP rate for FHA loans.
What is .55%
Recently reduced from .85
This is Ream's favorite sports team.
Who are the Mets?
This is the average turn-around time for HSM underwriting as of 9.1.2023.
What is one business day? (Currently approx 4 hours)
Subject to change as volume increases - but never longer than 72 hours
This is the # of days HSM needs to get a loan to closing.
What is 7 - as long as we can get the appraisal & title!
PHFA requires this type of inspection even on conventional loans.
What is a pest inspection? A water quality test is also required if the property has private water.
This is the required down payment amount on a VA loan when a veteran is buying with a non-spouse.
What is 12.5%?
One of Dan's favorite pastimes is this.
What is closing loans?
(and Hershey Park!)
This is who you should call if you want to offer a $500 closing cost credit to your buyers for new deals closing by 10.31.23.
Who are James & Dan?
This is the monthly marketing allowance that James and Dan are paid through HSM.
What is $0.00?