Get Your Home Ready for Market with the Mortgage Fit Program
“Our team at Preferred Lending Solutions has created a step-by-step program that moves you through the reals estate process as easy as possible.”
Student loan debt impacts the lives of millions of Americans, many of whom want to be homeowners.
The Preferred Lending Solutions team has created a program that focuses on putting sellers in the perfect position to get their homes sold within 30-days under contract.
“We work hand in hand with sellers and seller’s agents to get you to the closing table.”
Our lenders work alongside listing agents and home sellers on a step by step strategy on becoming “Mortgage Fit.” This 30-day close guarantee program takes sellers through several areas of concentration. Traditionally most of these steps take place after the property is under contract.
Our program offers sellers the opportunity to have this work completed before ever going under contract. This ensures contract dates don’t expire, lock dates don’t expire and liens or home condition issues are addressed up front. This saves not only valuable time but money through the process.
What do we offer our sellers to get their home Mortgage ready for sale as a Preferred Lender?
What do we offer our sellers to get their home Mortgage ready for sale as a Preferred Lender?
- Free Home Evaluation: We’ve created a simple but effective checklist to ready home owners of any repairs needed to qualify a home for all loan programs. This check list will reduce appraisal delays caused by “subject to” appraisals for government programs including Rural Development (RD) and FHA Loan types as well as reduce the need for contract extensions due to repairs. Here’s a link to that checklist!
- Complimentary Pre-Title Search: You can expect zero title delays with a quick search of all name variations or costly property issues. This title and property search helps identify any potential title deficiencies such as liens or judgments that could slow down your closing.
- Closing Cost Strategy: A true “NO COST to purchase” program. Together with the seller we will create a shared cost agreement. By negotiating discounts with several preferred vendors, we have the potential to create a “no cost to purchase” opportunity for buyers. This allows for sellers to have all of the important information needed when deciding on a listing price or accepting offers that include seller concessions.
- Marketing: There are never enough lines in the water when fishing. The same can be applied when marketing a home for sale. Our online marketing program, Listing Booster, provides custom marketing materials such as: YouTube videos, flyers, text to tour viewing codes, social media success tools and much, much more.
- 30 Day Guarantee: A Preferred Mortgage Fit Home + Preferred Approved Buyer = 30-day loan closing Guarantee. If we cannot close it in 30 days, we will pay up to $500.00 in the seller agreed concessions. Not applicable on foreclosed, short-sale, or relocation properties. **IF Rural Development office is more than 10 days behind, then we have 45 day guarantee**
Getting Started
The Mortgage Fit Program will get you on your way to owning a new home, faster than you could imagine! Sign up here. Yes, it’s that easy!
What’s Next
The mortgage loan process has a lot of moving parts and there are many key players in getting you to the closing table on time. As part of our commitment to keep you well informed, we have put together a quick snapshot of what you can expect during your loan process from start to finish.
Loan Application: We will collect all of your personal documents and compile everything into a loan application which varies between 25-35 pages depending on the loan program.
Verifications: While in this status, the processor will verify your dates of employment (current and previous), verify rental history (if applicable), order a flood certificate, order tax transcripts, open title work and order appraisal (if applicable).
Submitted to Underwriting: The loan has been sent up to the investor and an underwriter will be assigned for review. This process takes a few days.
Re-submitted Underwriting: If the Underwriter deems all conditions as “acceptable”, he/she will issue a final loan approval (or clear to close).
Clear to Close: We have received final loan approval and now your closing date and time will be scheduled with the closing attorney. Closing is the final step in the mortgage process!
What are you waiting for? Let’s get started today!
