Home Financing Center, the largest independent locally owned mortgage lender in South Florida, has become an approved mortgage lender by Freddie Mac, one of the nation’s largest sources of affordable mortgage funds for America’s borrowers.
“There is high demand for condominium loans in South Florida from a wide range of buyers and this partnership puts us in a strong position to help them,” said Claudine Claus, president/CEO of Home Financing Center. “Our ultimate goal is to increase homeownership by designing and providing mortgage products that meet our customers’ individual needs.”
The new partnership with Freddie Mac enables Home Financing Center to provide its customers more mortgage loan options, particularly in South Florida’s growing condominium market. With the addition of Freddie Mac, Home Financing Center now provides mortgage loans from all government-sponsored enterprises (GSEs) i.e. Fannie Mae (Preferred Lender Status), Freddie Mac and Ginnie Mae, which allow mortgage lenders to obtain better pricing for their mortgage loans in the secondary market. There are only 250 Ginnie Mae approved direct lenders and servicers.
Home Financing Center offers a variety of residential mortgage loans including fixed-rate mortgages, adjustable-rate mortgages, jumbo loans for luxury homes and condominiums, loans for first-time buyers, reverse mortgages and investment properties.
As a family-owned lender, Home Financing Center works side by side with local employers on Employer Assisted Housing Programs, which assist employers attract and retain crucial personnel. The company also partners with local developers on affordable housing lending programs for low-income homebuyers and firsttime homebuyers.
During the past three decades, Home Financing Center has grown to a staff of over 60 and has closed in excess of $3 billion in residential mortgage loans since its founding 30 years ago.
Founded in 1984 and headquartered in Coral Gables with an additional office in Fort Lauderdale, Home Financing Center is the largest independent and privately owned mortgage lending institution in South Florida with a current loan-servicing portfolio in excess of $700 million. The female-owned, family managed institution serves the entire community as a residential mortgage solutions provider.
For information, visit www.homefinancingcenter.com