Equal Housing Lender
These Tools Help You Get “Mortgage Ready” And Qualify For Home Mortgages. See What You Need To Do.
Contributors • Oct 14, 2020
Financial health is key when preparing to buy your home. Figure out the specifics of what you need to do next.
Neighborhood Home Solutions said it best… “If we don’t watch what we eat and don’t exercise we become unhealthy, often overweight and are more susceptible to disease. Right? Well, think about your finances. If you’re not taking care of how and where you spend your money your financial health is at great risk!”
Clients2Homeowners couldn’t agree more.Our goal is to help you achieve homeownership by improving your financial health. We support you in correcting your credit, improving your credit scores and building your credit. We also assist you with down payment assistance where available and are always looking for more resources. Home budgeting is critical especially now with layoffs, cutbacks of hours and new employment options.
We will introduce you to specific credit tools such as CreditXpert, Wayfinder, and What If Simulator. We will let you know about available down payment assistance programs and new mortgage programs. Best of all, with Clients2Homeowners you have an advocate on your side, and an experienced mortgage professional that can answer your questions to prepare you for homeownership.
Down Payment Connect is already being used by MLOs and Realtors. Now it's available to HUD Counselors through HomePrep! Down payment assistance is quickly rising to the top need for clients wishing to purchase a home. Down Payment Connect , the back-end data provider for the parent Downpaymentresource.com , houses every down payment assistance program in the US and provides extremely detailed information laid out in a consistent format for each DPA program in their system. Throughout the last two years, Downpaymentresource.com administrators have worked with MLO’s and the HomePrep developers to add nearly all wholesale down payment assistance programs to their platform and they didn't stop there! Extensive filters that allow for selection of specific client needs such as type (ie. SFR, manufactured homes, condos, multi-family, ADU’s), uses like renovation, above AMI income levels, non-1st time homebuyers are just a few of the filters you will find along with stand alone 2nd mortgages, combined 1st and 2nd mortgages and grants. DownpaymentResource.com is also in many MLS systems across the US and provides limited directory information and a free landing page for realtors to promote that they use DPA. Both MLO’s and realtors can subscribe to Down Payment Connect to get more of the extensive directory and back-end tools. Now, through HomePrep, HUD counselors can also use the Down Payment Connect system to filter trhough DPA programs that clients are qualified for, and can even provide wholesale programs when working with an independent loan originator (often called a mortgage broker)! Through HomePrep, HUD counselors are now able to provide MLO’s and clients with the DPA programs that they have found the client is eligible for.
If you have FFEL Student Loans, Take Action Before April 30th!
Three great tools that mortgage loan originators (MLO) can use to assist clients who need help with credit, down payment assistance and student loan repayment services have been used, fine-tuned and are already in use with individual MLO’s. These tools combined with the Freddie Mac HomeCoach automated system along with budgeting help and Homebuyer Education are all integrated in the HomePrep online platform that connects MLO’s with clients who have challenges to HUD counselors that get them mortgage ready.
Pam Marron, NMLS# 246438
Innovative Mortgage Services, Inc. NMLS# 250769
