2020 may have been the year of unprecedented times due to COVID-19, but it was also the year that brought low interest rates and new opportunities for homebuyers, giving many people a chance to buy their first home or upgrade into a new one.
It’s been a seller’s market and it doesn’t seem to be slowing down. With more people looking for homes and interest rates on the rise, potential home buyers are facing the challenges of higher home prices, low inventory, and unprecedented competition. At Prosperity Home Mortgage, LLC (Prosperity) we know it’s tough out there, which is why we have programs, resources, and professionals here to help you through it all.
We’re Prepared for this Market.
Our Lock, Shop & Home and Buyer Advantage® programs were in place long before interest rates went up.1,2 While some lenders scramble to develop programs for this new market, our foresight put us way ahead of the competition.
We’re Designed for Efficiency.
We designed our Appraiser Panel to skip the middleman and go straight to local appraisers. Some lenders use Appraisal Management Companies, which can add time and fees that get passed on to home buyers. But our appraisers prioritize our business, ensuring turn times faster than the industry standard.
We’re Built for Success.
From day one, purchase financing has been our priority. Our loan programs are specifically designed to help home buyers land their perfect home. That’s what makes our company strong and successful.
We have a foundation that holds strong in any market.
CEO of Prosperity, Tim Wilson, believes we were made for this type of market saying, “Prosperity has been focused on purchase business for years. We don’t need to pivot to a new model. We’re built to thrive in this market, and we’re prepared to serve our clients for years to come."
Prosperity has been ranked as a Top Mortgage Lender by Scotsman Guide each year since 2014, closing over $15.5 billion in loan volume and over 45,000 loans in 2021. Prosperity is represented by more than 500 mortgage consultants throughout 48 states and Washington, D.C.
To find a local mortgage consultant, click here.
1. Lock, Shop & Home program is available with conventional and government fixed rate loan programs only. Lock, Shop & Home program is NOT available for bond, jumbo, or renovation loan programs. Interest rate lock available up to 90 days. Longer lock periods may be available. Additional fees may apply for longer lock periods.
2. Buyer Advantage® is not a final loan approval. A Commitment Letter is based on information and documentation provided by the borrower(s) and a review of the borrower(s) credit report. The interest rate and type of mortgage used to approve borrower(s) for a specified loan amount is subject to change, which may also change the terms of approval. If the interest rate used for credit approval has changed, the borrower(s) may need to re-qualify. Information provided by the borrower(s) is subject to review and all other loan conditions must be met. After the borrower(s) have chosen a home and the purchase offer has been accepted, final loan approval will be contingent upon obtaining an acceptable appraisal and title commitment. Additional documentation may be required. Not all borrowers will qualify.
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