Why Wright Mortgage?

Why choose Wright Mortgage for your client’s mortgage needs? Wright Mortgage have access to multiple mortgage programs and we can close on time. We receive wholesale rates from the lenders, so our interest rates are always superior than the retail interest rates from the big banks. We support first-time Homebuyer with a variety of resources, as we provide them with one-on-one service, the ability to walk in the office and talk to somebody in person not a online person that is located in New York. The difference between Wright Mortgage and a big bank is we are more experienced and educated. As a mortgage broker, we take continue educational mortgage classes every year and have over 15 years of experience in the mortgage industry to help your client to find the best mortgage program, the best interest rates, help with closing cost and closing the mortgage loan on time. We will not charge your client a broker fee or a loan origination fee to their closing cost to the mortgage loan. Also, we provide lender credit to help pay for some of the closing cost for your clients. It does not matter if its a Conventional or Government Loans(FHA, VA,USDA) we will always have the best interest rates in the country. ….guaranteed. With over 15 years of experience in the mortgage industry we usually can close loans while other loan officers say no. I have access to multiple underwriter across the country who I speak to on a daily basis concerning loan scenarios

Key Features About Our Company • Conventional, FHA, VA, USDA and Jumbo Programs • 580 Minimum FICO for Government Loans • Non occupant co-borrower allowed • Borrowers with One Score OK • W-2’s only program (no tax returns needed for wage earners) • The Home Ready program (3% down on Conventional Loans) • FHA Manual Underwriting • TBD Approvals (Lender Approval without the Contract) • 1 year tax returns allowed on self-employed borrower

TBD Approvals

Wright Mortgage offers an innovative new loan program to homebuyers – before they find their home!

We can complete the loan process – actually approving your buyer – without an identified property.

With TBD Approvals, buyers have the confidence that they have already been approved for their mortgage which means their buying power is improved:

• Sellers know the loan process has been completed so there is no worry that the sale won't close.
• Buyers can negotiate a good purchase price because they know they can close quicker than with a traditional loan process and they can offer the seller an assured closing

How does it work?

• The buyer completes a mortgage loan application with Wright Mortgage, providing us with all of the information needed for a mortgage loan – except for the address!
• We process the loan and, upon approval, we're ready to close once the property is identified.

Who is eligible for this program?

• Those mortgage loan borrowers who have challenged credit or very high debt to income ratios.
• Your clients are available for both FHA insured mortgage loans and Conventional mortgage loans, people who have excellent credit or people who is below 640 credit score and consider below average credit.
• Qualify more borrowers with credit challenges to achieve the American Dream.

What are Wright Mortgage's Portfolio Lending products?

Wright Mortgage offers portfolio lending and welcomes interested consumers looking for options to make their dream of owning a home a reality. These products are another option for someone who could not qualify for a traditional Fannie Mae or Freddie Mac loan. Products offered by Wright Mortgage include:


Jumbo Alternative – This lending option offers alternatives for buyers looking for loan amounts up to $2 million with flexible guidelines. A 90%  loan to value (LTV) ratio, debt to income (DTI) ratio up to 50 percent and an interest-only option are offered. Types of acceptable income documentation include restricted stock units, asset depletion and additional solutions for self-employed buyers.

Homeowners Access – This solution was designed to assist buyers achieve or re-establish homeownership. Maximum DTI accepted is 60 percent, and there are special considerations for late mortgage payments within the last year or a housing or credit incident greater than 24 months. Buyers may be eligible for financing that was not previously available to them through alternative lending means.

Fresh Start – This lending option is for buyers that have not been able to receive financing because of a short sale, bankruptcy, foreclosure or a deed in lieu within the past 24 months.

Investor – This financing option provides a maximum loan amount up to $2 million. There are unlimited financed properties for qualified investment buyers and FICO scores as low as 620 are considered.

Foreign National – This option helps make buying a second home in the United States easier for qualified non-citizens who visit the country regularly for business or vacation. There are both fixed- and adjustable-rate options available, along with flexible guidelines to help qualified Foreign National buyers obtain home financing

Fresh Start Program

                       
             

Wright Mortgage's Fresh Start Program is a specialized mortgage solution designed specifically for self-employed business owners and borrowers who have experienced a recent life or credit event, or investors that are currently unable to find a program in the marketplace that meets their needs as they work to re-establish a strong credit history. Under the guidelines of the expanded program, more credit-worthy borrowers who have experienced a credit or life event, as recently as within the past year, may now meet the requirements to receive a loan.

Over the past few years, many hard-working people who lost their homes or were forced into bankruptcy due to a layoff or reduced income have since rebuilt their credit and are able to demonstrate their ability to repay. For these borrowers who may be unable to obtain mortgage financing due to seasoning or other requirements, Fresh Start may be the lending solution they have been looking for.

Loan Features:

• LTV up to 85% with no MI l
• No seasoning requirement on derogatory housing events including: Bankruptcy, Foreclosure, Deed-in-Lieu, Mortgage Charge-off, or Short Sale
• No mortgage or rental pay history required
• Minimum credit score 580
• DTI ratios greater than 50% considered with compensating factors
• Loan amounts from $100,000 to $1,000,000
• Non-warrantable condominiums

Fresh Start Program

Fresh Start Program                              
              

Wright Mortgage's Fresh Start Program is a specialized mortgage solution designed specifically for self-employed business owners and borrowers who have experienced a recent life or credit event, or investors that are currently unable to find a program in the marketplace that meets their needs as they work to re-establish a strong credit history. Under the guidelines of the expanded program, more credit-worthy borrowers who have experienced a credit or life event, as recently as within the past year, may now meet the requirements to receive a loan.

Over the past few years, many hard-working people who lost their homes or were forced into bankruptcy due to a layoff or reduced income have since rebuilt their credit and are able to demonstrate their ability to repay. For these borrowers who may be unable to obtain mortgage financing due to seasoning or other requirements, Fresh Start may be the lending solution they have been looking for.

Loan Features:

• LTV up to 85% with no MI l
• No seasoning requirement on derogatory housing events including: Bankruptcy, Foreclosure, Deed-in-Lieu, Mortgage Charge-off, or Short Sale
• No mortgage or rental pay history required
• Minimum credit score 580
• DTI ratios greater than 50% considered with compensating factors
• Loan amounts from $100,000 to $1,000,000
• Non-warrantable condominiums

Fresh Start Program

Fresh Start Program              


Wright Mortgage's Fresh Start Program is a specialized mortgage solution designed specifically for self-employed business owners and borrowers who have experienced a recent life or credit event, or investors that are currently unable to find a program in the marketplace that meets their needs as they work to re-establish a strong credit history. Under the guidelines of the expanded program, more credit-worthy borrowers who have experienced a credit or life event, as recently as within the past year, may now meet the requirements to receive a loan.

Over the past few years, many hard-working people who lost their homes or were forced into bankruptcy due to a layoff or reduced income have since rebuilt their credit and are able to demonstrate their ability to repay. For these borrowers who may be unable to obtain mortgage financing due to seasoning or other requirements, Fresh Start may be the lending solution they have been looking for.

Loan Features:

• LTV up to 85% with no MI l
• No seasoning requirement on derogatory housing events including: Bankruptcy, Foreclosure, Deed-in-Lieu, Mortgage Charge-off, or Short Sale
• No mortgage or rental pay history required
• Minimum credit score 580
• DTI ratios greater than 50% considered with compensating factors
• Loan amounts from $100,000 to $1,000,000
• Non-warrantable condominiums

New Program!!

Wright Mortgage offers an innovative new loan program to homebuyers – before they find their home!

We can complete the loan process – actually approving your buyer – without an identified property.

With TBD Approvals, buyers have the confidence that they have already been approved for their mortgage which means their buying power is improved:

• Sellers know the loan process has been completed so there is no worry that the sale won't close.
• Buyers can negotiate a good purchase price because they know they can close quicker than with a traditional loan process and they can offer the seller an assured closing

How does it work?

• The buyer completes a mortgage loan application with Wright Mortgage, providing us with all of the information needed for a mortgage loan – except for the address!
• We process the loan and, upon approval, we're ready to close once the property is identified.

Who is eligible for this program?

• Those mortgage loan borrowers who have challenged credit or very high debt to income ratios.
• Your clients are available for both FHA insured mortgage loans and Conventional mortgage loans, people who have excellent credit or people who is below 640 credit score and consider below average credit.
• Qualify more borrowers with credit challenges to achieve the American Dream.