RealFi Leadership Works to Help You
Are you looking for the perfect mortgage solution? Have you been turned away by conventional lenders who don’t see you as an ideal borrower? It can be frustrating to be denied a loan or to be told you have to meet strict requirements in order to purchase a home.
That’s why we have rebuilt the mortgage process from the ground up. Our RealFi leadership team is full of talented, diverse individuals who make the mortgage process more attainable and more attractive to more people.
Wondering what makes RealFi so special and how we are empowering borrowers to take control of their situation and achieve their goals? Keep reading to find out.
1. Technology-Driven Approach
RealFi exists to provide alternative mortgage funding through technology. With the help of an expert leadership team, our people-focused technology is redefining the process of getting a mortgage, making it more accessible to those in unique situations.
We offer both qualified and non-qualified mortgages to ensure almost any borrower can receive a mortgage. When you are rejected from conventional lending institutions, then it’s time to dig into online lending with RealFi.
Wondering how online lending helps customers? Through our technology-driven approval process, we look at your entire financial picture. Other lenders only look at your credit score. Where other lenders turn you away, we are willing to understand your situation and do our best to ensure you can buy a home.
2. Experienced, Diverse RealFi Leadership
Our RealFi leadership team is extremely experienced and diverse. With backgrounds in law, financial services, management, real estate, and the military, we are able to craft the most powerful and accessible lending process.
Whether evaluating a new investment opportunity for our REIT or creating new mortgage products for homebuyers, we are able to see opportunities from every angle.
Though we are invested in technology, the heartbeat of the RealFi leadership team is relationships. When you are looking for a mortgage so that you can buy your first home or your dream home, we know you are more than an application.
We place a high value on building and maintaining relationships. Our goal is to ensure we understand your situation and do our best to find the perfect lending option for you.
4. Mortgages for Champions
One of the best RealFi funding options is our Mortgage for Champions program. We created this program to show our support and appreciation for the countless individuals who serve our country, our children, and our society in sacrificial ways.
This program is available to those who work in the following industries;
- Law enforcement
Mortgages for Champions is a discount program that waives all lender fees and lender closing costs, which are often more than $1,700 with some lenders.
When you utilize this program, you can expect the application fee, processing fee, underwriting fee, and commitment fee to be completely waived. Thank you for selflessly serving our society.
5. Non-Qualified Mortgages for Those with Credit Issues
Those with certain credit issues such as foreclosures, bankruptcy, or late payments find it very difficult to secure conventional financing from institutional lenders. If they don’t fit a very specific set of requirements, they can’t get a mortgage and pursue their dream of homeownership due to past mistakes or difficulties.
RealFi non-qualified mortgage loans make it possible for those with credit issues to secure a mortgage and own their own home. These loans don’t meet federal standards and have different terms, allowing individuals to use alternative income documentation.
Non-qualified mortgage loans have different underwriting processes that consider an individual’s entire financial situation rather than solely basing their approval on the credit score. Our process looks at the individual’s ability to repay (ATR), giving those in unique situations access to homeownership.
6. Mortgages for Self-Employed or Business Owners
Non-qualified mortgages aren’t just for those with previous financial difficulties. Those who are self-employed or business owners are often out of luck when pursuing conventional financing for a home.
Considering that about 30% of the American workforce is self-employed, conventional lenders are falling behind. Self-employed workers just need a different way of documenting income.
Because we look at your ability to repay your mortgage, rather than a narrow set of requirements imposed by conventional or governmental lending standards, self-employed individuals are much more likely to secure a non-qualified mortgage.
7. No Money Down Loans
Saving up for a conventional down payment may seem impossible for many Americans. Even saving up 3.5% could be a major hurdle for many would-be homeowners.
At RealFi, we offer multiple no-money-down loan programs for certain borrowers. For those who are active military personnel, veterans, or surviving spouses or dependents, we are grateful for your service and sacrifice.
We are proud to offer VA loans, which typically require zero down payment. Loan fees, such as closing costs, can also be rolled into your loan, allowing you to obtain your new home with almost no money out of pocket. You’ll also enjoy not having to pay mortgage insurance, a typical requirement for borrowers putting less than 20% down.
We also offer USDA loans for those buying in certain rural or suburban areas. You can get 100% financing if you’d prefer to live out in the countryside.
With no down payment, the ability to roll closing costs into the loan, and lower mortgage insurance rates, the USDA is an excellent choice for rural homebuyers.
8. Renovation Loans
Whether you plan to buy a fixer-upper or your current home is in need of some modern upgrades, a renovation loan can make it much more enjoyable to live in your house. We make it easy for borrowers to update their homes with multiple renovation loan programs.
The Fannie Mae Homestyle Renovation Loan makes it possible to upgrade your home without having to get a second mortgage to make it happen. These can be added to your home’s purchase or during a refinance.
The FHA 203K loan program is available to first-time homebuyers, those with lower incomes or savings, or those with minor credit issues. Use it to finance your home and up to $35,000 in repairs, all in one monthly payment.
9. FHA Loans
FHA loans are one of the most powerful ways for individuals to become homeowners. We are happy to provide FHA loans for first-time homeowners, those without the highest paying job or credit score, or those with a high debt-to-income ratio
With an FHA loan, you can pay as little as 3.5% down and roll your closing costs into the loan. They even allow relatives to gift you the money for the down payment.
With more than 60% of Americans living paycheck-to-paycheck, we understand how difficult it can be to save up for a conventional down payment. FHA loans allow you to achieve the American dream far sooner.
10. ARM Loans
ARM loans, or adjustable-rate mortgages, are those with a fixed interest rate for a set time period, such as 5, 7, or 10 years. After the fixed period, the interest rate can change once per year.
ARMs can potentially reduce the overall cost of your mortgage by providing the lowest possible interest rate. They are perfect for those who plan to move or refinance in 5 to 10 years. There are also no prepayment penalties, allowing you to pay down your mortgage as fast as you’d like.
11. Home Buyer Assistance Programs
Even with many programs available allowing for zero or low down payments, getting into a home can still prove to be a challenge for some. At RealFi, we offer multiple home buyer assistance programs to increase your chances of getting a home.
HomeReady is a program by Fannie Mae, while HomePossible is a program by Freddie Mac. These programs are intended for first-time home buyers and offer an educational homebuyer course.
Using these programs, borrowers can put down as little as 3%, which can be gifted from a relative. Even with a low down payment, the mortgage insurance options are flexible. Plus, you can roll your closing costs into the loan, up to 3% of your home’s purchase price.
At RealFi, our goal is to make it possible for anyone to take control of their lives and their finances and be able to purchase a home.
12. Free, No-Risk, Discounted Mortgage Quote
One of the best parts of online lending available through RealFI are free, fast quotes. You can contact us today to get your free mortgage quote here.
There is no risk and no obligation when you request a quote. Our goal is to help you find the best discounted mortgage solution for your unique situation. If your goal is homeownership, and you aren’t sure how to get there, contact us today so we can guide you through the RealFI process.
Take Control and Get Prequalified Today
There are so many solutions available today to those with unique life and work situations. From those who are self-employed to those in the military, those with a poor credit history, to those who have been rejected by other lenders, RealFI is here to help.
The RealFI leadership team has handcrafted lending products for people in all of these situations. We specialize in working with those who aren’t sure how to acquire a mortgage.
If you’d like to receive your free mortgage quote and get prequalified, you can get started here. Our team is always available if you ever have any questions or concerns. We can’t wait to guide you through this process and into your new home.