Click n’ Close expanded its down payment assistance loan products with a shared appreciation option.
The DPA with Shared Appreciation program gives borrowers a low interest rate for first-lien FHA and USDA loans and a repayable second lien in exchange for up to 40% of the home’s appreciation in the first five years.
After that period ends, the shared appreciation amount is added to the second lien and amortized over the remaining term.
“It’s no secret that the combination of rising interest rates, limited inventory, and growing property appreciation have made it more difficult for potential homebuyers to purchase in today’s market. While existing homeowners have benefitted tremendously from skyrocketing home equity, that same trend has put buyers at a…
Wholesale and correspondent lender Click n’ Close launched a new mortgage product designed for homebuyers in rural America.
One-Time Close is a loan program for government-insured mortgage products that offers down payment assistance to buyers in select rural markets.
Borrowers can get 100% loan-to-value financing covering land, construction, and closing costs with no payment or minimum investment required. They can also finance the 1% USDA Guarantree Fee up to 101% LTV.
“Given current market conditions, affordability is the number one challenge among potential homebuyers,” said Click n’ Close Owner and CEO Jeff Bode.
“As prospective borrowers venture further out from cities and traditional suburban markets, Click n’ Close stands as a resource, providing powerful financing tools for both wholesale lenders…
Wholesale and correspondent lender Click n’ Close has hired Kara Lamphere as Chief Operating Officer, the company announced in a press release.
“Kara is a powerhouse, and we are thrilled to have her back as part of our executive team to help guide our continued growth and success,” said Click n’ Close Owner and CEO Jeff Bode. “There is a lot on the horizon for us as an organization, and adding Kara to our team of experts is imperative to accelerating Click n’ Close’s growth, especially for our SmartBuy down payment assistance product suite.”
Lamphere brings more than two decades of experience to the role, holding leadership positions at companies such as Guaranteed Rate, InterLinc Mortgage, CMG Financial, and Prime…
