Realtor Usda Webinar Presentation

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A presentation for real estate agents on the USDA Rural E

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Realtor Usda Webinar Presentation

  1. 1. How Can We Grow In A Declining Market <ul><li>Could you use a little extra help in this housing market? </li></ul>Mike Goblet Certified Mortgage Planning Specialist 480-503-3533
  2. 2. What is happening <ul><li>Market conditions are very difficult </li></ul><ul><li>Finding qualified buyers </li></ul><ul><ul><li>Buyers with enough down payment available </li></ul></ul><ul><ul><li>Buyers with enough income to qualify </li></ul></ul><ul><li>Lender Restrictions are getting tougher </li></ul><ul><ul><li>High FICO demands </li></ul></ul><ul><ul><li>Decreasing housing values for our market </li></ul></ul><ul><ul><ul><li>But Fannie Mae is removing “Declining Markets” Limits from their guidelines </li></ul></ul></ul><ul><li>Financing options are tougher than have been in decades </li></ul><ul><ul><li>Are 100% Loans a thing of the past? </li></ul></ul>
  3. 3. The Market Outlook <ul><li>Long Term … it is great! </li></ul><ul><ul><li>We have a good economy in Arizona </li></ul></ul><ul><ul><li>Continued population growth forecasted </li></ul></ul><ul><ul><ul><li>We will remain a destination market </li></ul></ul></ul><ul><li>The Short Term … a continued softening as result of excess inventory </li></ul>We need to use every tool we can get to survive!
  4. 4. We have a key tool that can help you qualify more buyers <ul><li>A True 100% Financing Loan!! </li></ul><ul><li>A 3o Year Fixed Rate Mortgage with Low Conventional Rates </li></ul><ul><ul><li>No MI </li></ul></ul><ul><ul><ul><li>Keeps payments affordable </li></ul></ul></ul><ul><ul><li>Low to Moderate Income Qualifications </li></ul></ul><ul><ul><li>Not FICO Driven </li></ul></ul><ul><ul><ul><li>580 and maybe below </li></ul></ul></ul><ul><ul><li>Not Limited to First-time Homebuyers or Veterans </li></ul></ul><ul><ul><li>100% Government Backed </li></ul></ul>
  5. 5. The Loan is the … USDA Rural Development Loan <ul><li>Designed specifically for outlying markets including such areas as: </li></ul><ul><ul><ul><li>Queen Creek, Coolidge, Casa Grande, Maricopa </li></ul></ul></ul><ul><ul><ul><li>Buckeye </li></ul></ul></ul><ul><ul><ul><li>Payson </li></ul></ul></ul><ul><ul><ul><li>Wickenburg </li></ul></ul></ul><ul><li>Has been around for many years and is well established and well funded </li></ul>
  6. 6. Loan Limitations <ul><li>Loan Amount … </li></ul><ul><ul><li>No Limit! </li></ul></ul><ul><ul><li>2% Guarantee Fee rolled into the purchase price </li></ul></ul><ul><li>Income </li></ul><ul><ul><li>Maximum income limitations based upon county averages </li></ul></ul><ul><ul><li>DTI = 29%/41% … but exceptions can be granted </li></ul></ul><ul><li>Primary Residences Only </li></ul><ul><li>Type of Homes </li></ul><ul><ul><li>Single Family </li></ul></ul><ul><ul><li>Duplexes </li></ul></ul><ul><ul><li>Modular / Manufactured </li></ul></ul><ul><ul><li>Condo’s </li></ul></ul><ul><li>Seller Concessions </li></ul><ul><ul><li>Based upon lender maximums </li></ul></ul>
  7. 7. How do you get clients qualified? <ul><li>Limited number of participating lenders </li></ul><ul><li>Have your clients call us and we will do a discovery interview to see if they qualify </li></ul>
  8. 8. About Us … <ul><li>United Mortgage Financial Group, Inc. is a member of the UpFront Mortgage Brokers Association </li></ul><ul><ul><li>1 of only 7 in Arizona </li></ul></ul><ul><ul><li>Disclose all our rates and fees in advance and will guarantee them </li></ul></ul><ul><ul><li>Dedicated to the consumer’s complete understanding of the loan and the process </li></ul></ul><ul><li>I am a Certified Mortgage Planning Specialist (CMPS) </li></ul><ul><ul><li>Less than 1% of all mortgage brokers </li></ul></ul><ul><ul><li>Advanced training in the use of a mortgage as an asset management tool </li></ul></ul>
  9. 9. Strengthen your business today <ul><li>We have other Realtor support programs available to help your business </li></ul><ul><ul><ul><li>Call Capture Program / Free Audio Tour </li></ul></ul></ul><ul><ul><ul><li>Seminars </li></ul></ul></ul><ul><ul><ul><li>Co-marketing </li></ul></ul></ul><ul><ul><ul><li>Credit Counseling </li></ul></ul></ul><ul><li>Let’s market to your data base of recent customer’s that didn’t qualify </li></ul><ul><li>Add our programs to your current list of programs available for your business and potential customers </li></ul>
  10. 10. We look forward to the opportunity to earn your business 40 W. Baseline Rd Suite #110 Tempe, AZ 85283 Office Phone: 480-503-3533 Fax: 480-503-1211 Website: www.unitedmortgagefinancial.com Mike Goblet Certified Mortgage Planning Specialist

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