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REMN Wholesale has announced that it will begin offering loans under the Fannie Mae 97 percent LTV program. In line with REMN Wholesale’s commitment to quality in the modern housing industry, these loans will allow mortgage brokers a very relevant option as they broaden their ability to source products for responsible buyers by offering a very affordable downpayment scenario. Offering Fannie Mae 97 percent LTV mortgages is a natural step for REMN in providing brokers with the best tools and resources to see success in the current housing landscape.
REMN Wholesale has teams of account executives strategically located across the country, management hubs on both coasts and a dedicated help desk team. In addition to being one of the leaders in renovation lending, the company received numerous industry accolades in 2014 as a result of its commitment to providing the ideal broker experience.
“REMN Wholesale’s overall mission is to make the mortgage experience as easy as possible for qualified borrowers every step of the way. In addition to offering the best possible mortgage products, it’s incredibly important that the brokers are supported by a team committed to helping ensure the best possible experience for everyone involved,” said Carl Markman, director of national sales for REMN Wholesale. “We’re offering the Fannie Mae product at just three percent down because we’ve seen before that there are creditworthy borrowers out there who are more than capable of making their mortgage payments, but haven’t had the time yet to accrue the necessary down payment to get the process started.”
REMN Wholesale has also announced multiple pricing specials in January, including 0.625 for VA fixed rate high balance submissions over 720 FICO, 0.375 for VA fixed rate for conforming submissions in select states and 0.25 for all conventional submissions over $200,000 with a 720-739 FICO score, in addition to many others.