A Presentation for : FLORIDA HOMEBUYER
B y:
Dennis Hearing
Loan Consultant NMLS ID 892525 2255 Glades Road Suite 324A Boca Raton, FL 33431 Mobile 954-648-4949 dennis.hearing@caliberhomeloans.com www.caliberhomeloans.com/dhearing
L E T U S G U I D E YO U H OM E
Imagine
your next home financed by a lender with proven strength and stability.
Caliber Home Loans, Inc. is a national mortgage lender and servicer with a uniquely innovative approach to customer service. This has enabled us to become the fastest-growing lender in the country.
America’s fastest-growing mortgage lender*
#1 Top 100 Mortgage Companies in America**
#2 Top Overall Volume Lender***
Over 350 branches across the nation
Over $138 Billion Portfolio Servicing
OVER 6,000 EMPLOYEES
Our numbers tell the story... our people make the difference. To learn more, contact me today.
*As of 11/17, among top ten lenders Source: Inside Mortgage Finance. **As of March 2018, Source: Mortgage Executive magazine. ***As of June 2017, Source: Scotsman Guide. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.
Let Us Guide You Home When you work with Caliber Home Loans, Inc, you can depend on us to provide your clients with personal, expert guidance throughout the home financing process. Whether your clients are moving across town, buying their first home, or refinancing, we can provide both traditional and innovative mortgage solutions.
Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. CopyrightŠ2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, conďŹ dential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.
Why Caliber stands above the rest?
Since a home purchase is a major financial commitment, both you and your clients deserve the services a national lender with proven strength and stability. Here are some reasons to for buyers to consider Caliber Home Loans: ■
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Communication. I will keep you and your clients up to date with the status of their loan application as it’s reviewed by our processors and underwriters, and when documents are emailed for signatures. I can arrange for status updates to be texted and emailed to you as well. Focus. Caliber doesn’t offer checking accounts, credit cards or investment accounts. Our only focus is home financing – that’s why we’re able to offer your clients such a wide array of options. Our Mission. We want to earn your referrals by providing your clients with innovative, personalized home financing solutions built around their personal preferences. Stability. Caliber has rapidly increased its mortgage production volume year after year, while our servicing portfolio has grown to over $100 billion*. This tremendous growth was made possible by our strong balance sheet and commitment to responsible lending. Accountability. Each time a borrower chooses Caliber, I’ll work hard to ensure that both you and your clients are completely satisfied with my services. Trust. Since Caliber believes in promoting home ownership through responsible lending practices, you can trust me to provide your clients with financing with no hidden costs or last-minute surprises at closing. Accuracy. I’m familiar with our housing markets, neighborhoods, and business associates. I’ll help you support your clients by providing them with accurate information and valuable advice.
*As of August 10, 2016. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.
Let Us Guide Your Clients Home
When you work with Caliber Home Loans you can depend on us to provide your clients with personal, expert guidance throughout the home financing process. Whether your clients are moving across town, buying their first home, or refinancing, we can provide both traditional and innovative mortgage solutions, including:
■ Conventional and Jumbo loans
■ Fixed and adjustable–rate options
■ Government options, including FHA, VA, and USDA
■ Unique loan programs such as Fresh Start, for borrowers who may have experienced a credit event
Conducting business with the highest ethical standards and a focus on responsible lending practices, Caliber is a privately held, full-service national mortgage lender with 260 locations in 50 states. Headquartered in Irving, TX, Caliber Home Loans originates mortgage loans through various channels and transaction types. Since its inception, Caliber has rapidly increased its mortgage production volume year after year, while its servicing portfolio has grown to over $100 billion.
Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.
A closer look at the different types of loans… Which loan is best for your client’s situation?
Loan Comparison Chart*: Type of Loan
Conventional
Down Payment Requirements
5% is minimum. Some programs allow 3% down payment but require 620 FICO. If investment property, 15% down payment is minimum.
3.5% is minimum. Some HUD foreclosures allows $100 down payment.
No down payment required.**
Source of Funds
100% gift funds allowed. A minimum borrower contribution from the borrower’s own funds is not required.
Own funds, gift, secured loan, first time homebuyer grants.
Own funds, and homebuyer assistance programs.
Seller Contributions
Limited to 3%.
Up to 6% but can’t include any part of the down payment.
Limited to 4%.
Minimum FICO Requirements
620 however, interest rate adjustments are made for any score below a 720
580
580
Depends on the loan-to-value ratio and loan terms.
No mortgage insurance, just a funding fee that adjusts depending upon how many times you have used your VA eligibility.
Mortgage Insurance
Depends on the loan-to-value ratio
FHA
VA
* Information current as 7/1/2016 and is subject to change wihtout notice. ** A down payment is required if the borrower does not have full VA entitlement, or if the loan amount is greater than $417,000. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.
Now your clients can upload documents using their mobile phone!
When your clients choose Caliber Home Loans, we can offer them the convenience of uploading documents via their mobile phone. When borrowers apply online, they will be able to:
Attach docs with an initial application via simple drag and drop of files
Return to the application at any time to add additional docs
Snap a photo and upload docs using a mobile phone – no scanners needed!
All loaded documents instantly appear and alert both Caliber’s Loan Consultant and Processor of the loan.
Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.
Is Your Client Ready to Buy a Home? We Can Get Your Homebuyers Pre-Qualified!
When you work with Caliber Home Loans, you can depend on us to provide your clients with personal, expert guidance during each phase of the home financing process – including pre-qualification*. A pre-qualification letter matters to you and your buyers because it: n Provides your buyers with an estimated monthly mortgage payment so you know how much home they can afford n Might help a buyer be more prepared to find and select a home n May increase the buyer’s chance of winning a bid thanks to increased seller confidence Whether your clients are moving across town or buying their first home, Caliber can provide them with both traditional and innovative mortgage solutions.
*A pre-qualification is not an approval of credit and does not signify that underwriting requirements have been met. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.
What Sets Us Apart?
Caliber’s status as a dedicated lender, combined with our strong financial backing, gives us more control over the products we offer. What’s in it for you? Plenty!
Low Down Payment Options — Your client can buy sooner without waiting to save for a big down payment or spending their savings.
Ability to Retain Servicing — When your client’s loan closes, Caliber will manage their loan’s monthly payments*.
Fast Turn Times — We process and underwrite our own loans with our proprietary loan origination system.
*We do not service Jumbo or Bond Loans. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.
Co n t a c t m e to le a r n h ow I c a n a s s i s t yo u r c l i e n t s w i t h o n e o f the most important decisions of their life: Choosing Home Financing. Dennis Hearing
Loan Consultant NMLS ID 892525 2255 Glades Road Suite 324A Boca Raton, FL 33431 Mobile 954-648-4949 dennis.hearing@caliberhomeloans.com www.caliberhomeloans.com/dhearing
Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. CopyrightŠ2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, conďŹ dential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.