Metroplex Mortgage Services #1 ranked Florida USDA Approved Lender!

2017 Florida USDA Approved Lender Rankings have been published!

USDA Rural Development of Florida issued their 2017 USDA lender rankings and we have some great news to report!  

Out of the 228 Florida USDA Approved Lenders, we are proud to announce that Metroplex Mortgage Services was ranked #1!

We are truly honored to be the top ranked USDA  Approved Lender in Florida and want to thank you for being a part of it.

Today’s video is important, because I will shed light on what a USDA Approved Lender actually does and how it can help maximize your next USDA home loan transaction!

Now as we all know, Second Opinions are always important – especially with the USDA program I have found out!

So if you have financing questions and are working with another lender, we offer this complimentary service where you can get access to an expert second opinion.

We take great pride in our USDA expertise, but also in keeping service at the forefront and not letting our customers be just another number.

So, when going through the USDA loan process what should you look out for?

Remember, USDA loans are very unique, and having an experienced USDA lender is critical to success.

First off, is your lender actually approved by USDA?

While many banks, credit unions, brokers, and lenders may offer the program – very few have dedicated resources set aside specifically for processing, underwriting, and approving USDA Rural Home Loans. 

With that being said, if they are not USDA approved, then they will have to submit through an actual approved USDA Lender for underwriting, approval, and in order to work with the USDA field offices. 

Obviously, this just creates additional steps needing more time and as the old saying goes “Too many cooks in the kitchen!”.

Secondly, USDA approved lenders have the required knowledge to maximize the program’s benefit through experience with:

• USDA Debt Ratio Waivers
• USDA Credit Waivers
• USDA Processing and Underwriting
• USDA Manual Underwriting for credit scores below 640
• Possible USDA exceptions for bankruptcies and foreclosures
• USDA Home Repair Financing

Last but not least, by working with an actual USDA approved lender, you can have one point of contact responsible for:

• USDA Pre-Qualification Process
• Expediting conditions so the file can be shipped to USDA
• Direct communication with USDA field offices for handling of the USDA commitment
• Ability to provide specific updates on status, without having to call an outside lender for updates

In summary, it is good practice to ask if your current lender is actually USDA approved and how many USDA loans your loan officer has actually closed.  These two questions can at least shed some light into how experienced they may be before you get tangled into a web with an unfortunate outcome. 

Now before I go, I just want to thank everyone for helping Metroplex Mortgage Services be the #1 ranked Florida USDA Approved Lender!

We appreciate the continued referrals and trusting us with all of your mortgage needs. Whether it be FHA, USDA, VA, or Conventional Loans –  Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

800-806-9836 Ext. 280
SeanS@MPLX.org

I want everyone to make it a great day, and look forward to seeing you right here for the next tip of the week!