At RealFi Home Funding, we created the Mortgages for Champions Program as a thank you to our selfless, hardworking champions in the following industries: EMT, Firefighting, Government, Law Enforcement, Medical, Military, and Education. We acknowledge and appreciate what each of you do for us and our communities. Because of your selfless dedication, we proudly offer you a special, discounted mortgage.

Our mortgages for champions discount program waives all of our lender fees. Lender fees – also called lender closing costs – are applied by all mortgage lenders (even banks), and can sometimes surpass $1,700. These lender closing costs are removed by us, which include NO application fee, NO processing fee, NO underwriting fee, and NO commitment fee.

Along with your special mortgages for champions discount, we promise to provide you custom, personalized lending, competitive rates, and a quick process. We have a very strong commitment to serving our champions. Over the past 20 years, we’ve built long lasting friendships with local law enforcement and teachers, and avidly visit local hospitals and healthcare centers. We’ve become the preferred lender for some of the biggest names in the industry. We truly believe in this program, which is why our customer service goes above and beyond for our champions. This means you get access to a licensed loan officer that works specifically to understand your financial situation and present you with a loan that fits your exact needs.

You deserve a better rate on your mortgage. Our mortgage loans for healthcare professionals, including EMT, doctors, and nurses, will provide you with the discount you’ve earned. Remember, this discount also applies to mortgage loans for teachers, military, law enforcement, government and firefighters. Not sure if your profession qualifies? Reach out and let us know – we can check and let you know!

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What types of loans does the program offer?

No Money Down

We offer multiple options for customers looking to purchase a home with little to no money down mortgage loans. These options include USDA loan and VA Loan financing for up to 100%; meaning no down payment.

 

VA Loan

Veterans Administration (VA) Loans are loans offered exclusively to active duty military, veterans, and surviving spouses or dependents. Eligible veterans may be able to purchase a home with no down payment and no cash reserve. The VA establishes the maximum loan amounts and eligibility requirements. Typically, these loans have no down payment – Loan fees are also rolled into the loan. Income restrictions do not apply, and you can also qualify for a refinance at a lower rate when rates change.

 

USDA Loan

A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program offered by the United States Department of Agriculture. The USDA has one of the least known mortgage assistance programs, so if you prefer pastures to the pavement, a USDA loan may be right for you. We understand that and want to do everything we can to put you in the home that fits your exacts needs.

 

Conventional Financing

Conventional Loans do not charge the additional fees VA and FHA loans do, and usually require a standard 5% down payment. However, with 20% down no MI is necessary. Higher qualifications like better credit scores give you access to better interest rates. Conventional loans are custom to you in relation to amortization (the number of years needed to pay the loan back). This includes a 15, 20, or 30-year fixed rate term.

 

Home Buyer Assistance

We offer different programs that provide down payment assistance to home buyers. They are called the HomeReady and HomePossible programs. These programs are a great avenue for first time home buyers. Borrowers will have the ability to put only 3% down and still close with more flexible mortgage insurance options. They also offer a first-time home buyer course that educates you on the entire process as well as qualifies you for these programs. These loans allow you to roll up to 3% of the purchase price in closings costs into your loan. Additionally, they allow 100% of the down payment to be a gift from a friend or family member. HomeReady is offered by Fannie Mae and HomePossible is offered by Freddie Mac.

 

ARMs

An ARM – adjustable rate mortgage – is a home loan with an initial fixed interest rate that changes after a specified period of time depending on current market conditions.

 

FHA

An FHA loan is a loan insured by the Federal Housing Administration. They do not underwrite the loan, they simply insure it for the lender. An FHA loan is more accessible since you don’t need a high-paying job or the best credit. Credit score requirements are lower, allowing people with not so perfect credit to qualify. FHA Loans have lower down payments that can get as low as 3.5%, and can be used for a purchase or refinance.

 

High Balance

RealFi offers unique product solutions that cater to customers looking for financing above the conventional limits. This means we can provide loan amounts over $425,000.

 

Reverse Mortgages

A Reverse Mortgage Loan is a powerful source of funding for individuals who want to increase their income and be comfortable in retirement. If you are or your spouse are at least 62 years of age, and are considering a reverse mortgage, the amount you will be eligible for is based on several things. Most importantly, the value of your home, your age, and current interest rates.