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Four Prosperity Home Mortgage Consultants Named as VHDA Top Producing Loan Officers

We are proud to announce that four of our mortgage consultants were named as Virginia Housing Development Authority Top Producing Loan Officers. They include Jonathan Haug, Janice Lanning, Mark Fillgrove and Derek Alverson.

“It’s fantastic to see Jonathan, Janice, Mark and Derek receive this well-deserved recognition,” said Tim Wilson, CEO of Prosperity Home Mortgage. “We are very proud of their hard work and of all that they have achieved while helping to make homeownership a reality for their clients. All of us at Prosperity are committed to providing personalized and focused service to every client, and it’s because of that ongoing commitment that we remain among the top lenders in the nation.” 

The work of Haug, Lanning, Fillgrove and Alverson helped numerous individuals and families become homeowners during the commonwealth’s last fiscal year. Statewide, 8,271 people in Virginia purchased a home in VHDA’s Fiscal Year 2017, resulting in $1.62 billion in home loans created.

Haug is a senior mortgage consultant based in Virginia Beach, Virginia. He is a member of Prosperity’s Chairman’s Club for 2016 and was named to Mortgage Executive Magazine’s Top 1% of Mortgage Originators in America 2016 list. Based in Fredericksburg, Virginia, Lanning is a senior mortgage consultant, a member of Prosperity’s Presidents Club for 2016 and was also named to the Top 1% of Mortgage Originators in America 2016 list. Fillgrove is a branch manager for Prosperity and is based in Midlothian, Virginia. He is a member of Prosperity’s Presidents Club for 2016. Alverson is a senior mortgage consultant and a member of Prosperity’s Chairman’s Club for 2016. He is based in Richmond, Virginia, and was also named to the Top 1% of Mortgage Originators in America 2016 list.

Congratulations to each of our mortgage consultants on their success!

 

To learn more about Prosperity Home Mortgage, click here.

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2017 Prosperity Home Mortgage, LLC. All Rights Reserved.


Introducing HomeBuyer Boost

Jul 14
1:58
PM
Category | Newsroom

Prosperity Home Mortgage, LLC, Introduces HomeBuyer Boost

Prosperity Home Mortgage, LLC, (Prosperity) has introduced a new program, HomeBuyer Boost, to help responsible, creditworthy buyers achieve the goal of homeownership.

Earlier this year, Prosperity offered a program in which our clients qualified for $2.5 million in down payment or closing assistance. The new HomeBuyer Boost program sets aside up to an additional $1 million in closing cost assistance for qualified low- to moderate-income borrowers. HomeBuyer Boost is a conventional loan that has flexible terms with an additional boost.

The program offers the following to qualified borrowers:

  • Low down payment available. Up to 97 percent financing for purchase of a primary residence (one-unit properties).
  • Flexible sources of funds can be used for the down payment and closing costs with no minimum contribution required from the borrower’s own funds (1-unit properties).
  • Income from all borrowers on the loan must be used to qualify. Income may not exceed 100 percent of the HUD area median income for the property’s location.1
  • Extended-income household may allow non-borrower income to be considered toward the borrower’s debt-to-income ratio when qualifying the borrower for the mortgage.2
  • Reduced mortgage insurance coverage requirements for loans with loan-to-values (LTV) greater than 90 percent, up to 97 percent.
  • Homeownership education helps buyers get ready to buy a home and be prepared for the responsibilities of homeownership. The required training offers an easy-to-use, online course provided by Framework.

The additional Boost includes:

  • $1,000 program credit toward closing costs for clients who are at or below 80 percent of the area median income limit.3
  • $500 program credit to borrowers who get one-on-one homeownership education through a HUD-approved counseling agency prior to signing a purchase contract.4
  • Job loss protection for two years for eligible borrowers through MortgageAssureSM. This unemployment insurance can help cover up to six monthly mortgage payments in the event of an involuntary, unexpected job loss, to help borrowers avoid falling behind or defaulting on their mortgage.5

“For individuals and families who are ready to buy a home, our HomeBuyer Boost program offers incentives that may help them get the house they want,” said Tim Wilson, CEO of Prosperity Home Mortgage. “By taking part in the approved homeownership education program, they can receive an additional incentive and gain a better understanding of the responsibilities of homeownership.”

 

Interested in learning more about the HomeBuyer Boost program?  Reach out to a Prosperity mortgage consultant today!

 

 

 

 

DISCLAIMER: HomeBuyer BOOST may not be the best mortgage product for all borrowers. Please consult your mortgage consultant to discuss your financing options.

1. Except for properties located in a low-income census tract.

2. Non-borrower income must be at least 30 percent of the total monthly qualifying income being used by the borrower(s). The non-borrower must 1) document his or her income, and 2) sign a statement of intent to reside with the borrower(s) for a minimum of 12 months. Other terms, conditions, and requirements may apply.

3. Borrowers are able to use program credit toward closing costs only. Excludes down payment assistance. All incentive offers valid on complete loan applications received between 06/27/2017 and 12/31/2017. Loan must close within 60 days from the date of loan application. This offer may not be used with any other offers.

4. Borrowers are not eligible for additional program credits if minimum borrower contribution is exceeded.

5. Radian MortgageAssureSM is available with borrower-paid mortgage insurance (BPMI) only. Radian MortgageAssureSM will provide up to 6 monthly mortgage payments, for a maximum monthly benefit of up to $1,500 or total protection of $9,000 during the two-year coverage period. Benefit is automatically provided on Radian-insured loans for primary, owner-occupied, single-family homes with loan-to-values of 95.01% – 97%, that meet the program guidelines.

All first mortgage products are provided by Prosperity Home Mortgage, LLC. 877-275-1762. Prosperity Home Mortgage, LLC, products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/).

©2017 Prosperity Home Mortgage, LLC. All Rights Reserved.


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