BUILDER Marketing Packet
TABLE OF CONTENTS
01 02 03 04 05 06 07 08 09 10 11 12 13 14
Synergy One Lending, Inc. | NMLS # 1907235
WHO WE ARE VISIONS AND VALUES OUR PROCESS OPERATIONAL EXCELLENCE 10 THINGS TO REMEMBER PRODUCTS WE OFFER ONE-TIME CLOSE CONSTRUCTION LOCK AND SHOP EXTENDED RATE LOCK TIME TO BUY JUMBO / SUPER JUMBO CONDO PURCHASE LOAN RESCUE DAY 1 CERTAINTY
WHO IS
SYNERGY ONE
LENDING? Synergy One Lending is committed to simplifying the home buying experience •
Offering best in class digital mortgage technology to streamline the process
•
Dedicated to closing loans on time, every time with no exceptions and no excuses
•
Offering a broad set of mortgage products and options
Synergy One Lending is growing the modern mortgage company in key areas that will help provide millennials, baby boomers and luxury homebuyers with more opportunities to get them into their dream home!
FHA, VA and USDA Loan Programs
Broad Jumbo Product Offering
Down Payment Assistance Available
Lock and Shop Program Available
Synergy One Lending, Inc. | NMLS # 1907235
PAGE 01
VISION AND
VALUES OUR MISSION To humanize and modernize the home lending experience
OUR VISION To be the nation’s #1 lender by creating 01 Delighted Customers
02 Inspired Employees
03 A Pristine Reputation
O U R C O R E VA L U E S
HONESTY
TRANSPARENCY
Synergy One Lending, Inc. | NMLS # 1907235
EXCELLENCE
INNOVATION
EMPOWERMENT
PAGE 02
OUR PROCESS
DAY 1
DAY 2
DAY 3
Disclosures are sent
Processor receives disclosures back from borrower, order any other services needed
File is submitted to underwriting
DAY 6
DAY 5
DAY 4
CD is sent to borrower by Doc Department (file is in the line for final review by UW)
Processor gathers conditions, resubmit file to UW for CTC, doc team prepares CD
UW reviews file and issues a conditional approval
DAY 7
DAY 8
DAY 9
UW signs off all conditions and approves file; CTC is issued
Docs delivered to escrow for signing on next day (day 9)
Final loan docs are signed and returned back to Synergy One
DAY 10 UW signs off all conditions and approves file; CTC is issued
Let’s have a conversation about your new construction home goals. Synergy One Lending, Inc. | NMLS # 1907235
PAGE 03
OPERATIONAL EXCELLENCE
Synergy One’s best in class operations platform, a combination of experience and automation, keeps our clients on the fast track to homeownership. With important features such as: •
The Modern Mortgage Experience™
•
Day 1 Certainty – closing your home loan faster
•
Dedicated Condo Specialists
•
Customer Satisfaction
CONDO TEAM Dedicated condo approval team to streamline the condo review and approval processes for Agency, Government, and Jumbo transactions.
Synergy One Lending, Inc. | NMLS # 1907235
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10 THINGS TO REMEMBER when buying a newly constructed home
1
Get pre-approved for your home and remember to ask questions, then determine your price/budget.
2
Discuss your goals with the builders preferred lender.
3
Gather the Required Documents. Two Years federal tax returns (all pages), 2 years W2s, last 30 days pay stubs and 3 months bank statements (all pages)
4
Reserve your desired plan and lot. Be sure to know the builders CUT-OFF dates for all upgrades.
5
Before your design center appointment, confirm your loan approval amount, then decide if you want to use your incentive for options or closing costs.
6
Provide copies of all deposits made to the builder or escrow company.
7
Continue to save income documents, bank statements and keep communication open with your new home lender.
8
60 days before closing, confirm that escrow/title company has all information needed from you for your transaction.
9
30 days before closing, confirm your final loan approval and your estimate of final amount of funds needed to close.
10
FINAL day is coming and in the last week you will: •
Sign all final documents
•
Escrow will provide details/instruction of final funds needed
•
Escrow will provide details of your final week before you obtain your KEYS
•
Builder will schedule your walk through with their Customer Service representative
CONGRATS! You now own your own HOME! Synergy One Lending, Inc. | NMLS # 1907235
PAGE 05
No matter what home you’re looking to buy or build,
WE HAVE THE PRODUCT FOR YOU Conforming Fixed and Adjustable rate FHA, VA and USDA Jumbo and Super Jumbo Non-QM and Down Payment Assistance Condos (Warrantable and Non-Warrantable) One-Time Close Construction Blockchain HELOC
Synergy One Lending, Inc. | NMLS # 1907235
PAGE 06
ONE-TIME CLOSE CO NSTR U CTION
Building Your Dream House is Easier with a One Time Construction Loan •
Conforming, High Balance and Jumbo Loan Amounts
•
Primary Residence - Owner Occupied Only
•
Single closing construction
Conforming and High Balance •
90% LTV construction loans for conforming and high balance
•
Conforming can go as low as 700 credit score and max LTV is reduced to 70%
•
9 or 12 months of construction financing followed by a 15 or 30 year fixed rate mortgage
•
Purchase - May include acquisition of lot
Jumbo •
80% LTV up to $1.5M or 70% LTV up to $2.5M
•
720 Minimum credit score
•
12, 18 or 24 months of construction financing followed by a 30 year fixed rate mortgage
PAGE 1 Synergy One Lending, Inc. | NMLS # 1907235
PAGE 07
LOCK AND SHOP P R O
G
R
A
Days
Up-Front Fee
Rate Add-On
90
0%
0.375 %
Eligible programs: · Conforming Fixed · FHA/VA Fixed · Conforming Fixed High Balance · FHA/VA Fixed High Balance
Synergy One Lending, Inc. | NMLS # 1907235
M
The Lock and Shop Program allows borrowers to lock an interest rate for up to 90 days while they shop for a property. Float Down Option is available once the borrower has a signed purchase agreement, assuming current market rates are better than original rate lock.
The Loan must have a Pre-Approval from Underwriting Float Down Option After the borrower has a signed purchase agreement and current market rates are better, S1L is offering a one-time only Float Down Option. The new lock will use the current 60 day pricing for a new 30 day lock period. A 45 day lock period is available for 0.125 point adjustment to the 60 day price. The Float Down must occur within 3 days of the signed Purchase Agreement.
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E X T E N D E D R AT E LO C K P R O G R A M The Extended Rate Lock Program allows borrowers to lock an interest rate for up to 360 days by paying an up front fee along with an interest rate adjustment. The up-front fee is non-refundable and will be credited back at closing, unless the borrower decides to cancel their loan. If the loan is declined by underwriting, we will refund the borrower. A float down option is available within 30 days of funding.
Available programs: · Conforming Fixed · FNMA HomeReady · FHLMC Home Possible · FHA, VA & USDA Fixed · Conforming Fixed High Balance (max 180 days) · FHA/VA Fixed High Balance (max 180 days)
Days
Up-Front Fee
Rate Add-On
90
0.250 %
0.250 %
120
0.375 %
0.375 %
180
0.625 %
0.500 %
240
0.750 %
0.750 %
360
1.000 %
1.000 %
Float Down Option
Up-Front Fee
A one-time only float down option is available. The float down must occur within 30 days of closing. The Float Down must occur prior to the release of the Closing Disclosure (CD) .
The Up-Front fee is a % of the loan amount as shown above. It is non-refundable and will be credited back at closing, unless the borrower decides to cancel their loan. Fees should be delivered by check to the following address within 48 hours of rate lock: 3131 Camino Del Rio N #150 San Diego, CA 92108
Synergy One Lending, Inc. | NMLS # 1907235
PAGE 09
TIME TO B U Y W I T H
SYNERGY ONE LENDING
Synergy One Lending will be your partner as you take control of your future. Build equity, credit and get back tax benefits by purchasing your own home.
We are offering a $1,500 incentive off closing costs for ABC Homes
ABC HOM ES *Please consult your Synergy One Lending Loan Officer for information regarding specific terms and rate lock extensions. **Eligibility subject to program stipulations, qualifying factors, applicable income and debt-to-income (DTI) restrictions, and property limits. Synergy One Lending is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. ***May not be redeemed for cash. One 0.625% discount on closing costs per loan up to $1,500. 0.625% determined by the loan amount. Discount will be applied as a lender credit on a Closing Disclosure at closing. Loan must close and fund with Synergy One Lending. Offer not available on bond loans. Special incentive offer subject to change without notice. This offer not valid with any other incentives or discounts. Borrower is responsible for the down payment. Loan must close on or before December 31, 2021. Promotion expires December 31, 2021. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Synergy One Lending, Inc., NMLS 1907235. 3131 Camino Del Rio N 150, San Diego, CA 92108. Toll Free #: (888) 995-1256. Synergy One Lending, Inc. is licensed in the following states: AZ,, CO. All Loans are Subject to Credit and Property Approval. Equal Housing Lender. www.nmlsconsumeraccess.org
Synergy One Lending, Inc. | NMLS # 1907235
PAGE 10
JUMBO
LOA N
LOAN PROGRAM •
90% up to $1,500,000 with no Mortgage Insurance
•
Loan sizes up to $3,000,000
•
Special programs available for medical professionals
•
Cash out up to $500,000 on Primary residences, Second homes and Investment opportunities
•
15, 20, 25, and 30 year fixed home rates
SUPER JUMBO LOAN PROGRAM
Super Jumbo loans for Owner Occupied or Second Home Purchases and Rate/Term Refinances Fully Amortized or Interest Only Fixed Rate and ARM’s 70% LTV - $5MM | 720 Min Fico, 45% DTI, 24 mos. Reserves 65% LTV - $5MM | 680 Min Fico, 45% DTI, 36 mos. Reserves *LTVs apply to purchase and rate term refinance loans only PAGE 1 Synergy One Lending, Inc. | NMLS # 1907235
PAGE 11
Are You Looking To Downsize Your Current Home? Consider one of these loan options for your condo purchase: Non-Warrantable •
Credit scores as low as 680
•
Jumbo Loans Only
•
Primary and second homes only
•
Space for commercial use up to 50%, restaurants and other services may be onsite
•
A wide array of amenities depending
Agency •
Credit scores as low as 620
•
Conventional loan
•
Maximum debt-to-income ratio of 50%
•
Owner occupied 5% down
•
Second home 10% down
•
Investment purchase 15% down
Agency 97 •
Credit scores as low as 620
•
Conventional loan
•
Fixed options available
•
Maximum debt-to-income ratio of 50%
•
Owner occupied 3% down
•
First time homebuyer
Synergy One Lending, Inc. | NMLS # 1907235
PAGE 12
SYNERGY ONE LENDING IS HERE TO HELP!
IN NEED OF A
LOAN RESCUE? Have you been turned down on a home loan and need a back-up Lender? Synergy One Lending is here to help! •
Synergy One Lending has helped buyers become homeowners when other lenders couldn’t.
•
We are committed to assisting every single one of our clients during their journey of homeownership.
•
You can rest assured that you are in good hands. With our in-house underwriting, processing and closing, we are able to handle things locally— making your loan servicing fast and easy. Additionally, with the S1 Connect app, you can stay connected and informed throughout the entire loan process, receiving real-time notifications and updates.
Synergy One Lending, Inc. | NMLS # 1907235
PAGE 13
SY N ERGY O NE LENDING PR ESENTS
DAY 1 C E RTAI NT Y
BENEFITS OF DAY 1 CERTAINTY • Less Documentation • A Purchase Loan that is as Fast as a Cash Transaction • Stronger, More Complete Pre-Qualification Day 1 certainty offer only valid for Fannie Mae purchase loans after verification of information submitted to Desktop Underwriter.
LEARN HOW DAY 1 CERTAINTY CAN HELP YOU!
Synergy One Lending, Inc. | NMLS # 1907235
PAGE 14
BACK PAGE
Eric Kulbe
VP, Production
NMLS #283875
P (303) 717-0293 E name@S1L.com E ekulbe@s1l.com Synergy One Lending, Inc., NMLS 1907235. 3131 Camino Del Rio N 150, San Diego, CA 92108. Toll Free #: (888) 995-1256. Synergy One Lending, Inc. is licensed in the following states: AK, AL, AR, AZ, CA- Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act., CO, CT, DC, DE, FL, GA- Georgia Residential Mortgage Licensee., IA, ID, IL- Illinois Residential Mortgage Licensee., IN, KS, KY, LA, MA-Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC1907235, MD, MI, MN, MO, MS, MT, NC, ND, NE, NJ- licensed by the N.J. Department of Banking and Insurance, NM, NV, OH, OK, OR, SC, SD, TN, TX, UT, WA, WI and WY. All Loans are Subject to Credit and Property Approval. Equal Housing Lender. www.nmlsconsumeraccess.org S1L072123
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