CrossCountry Mortgage Boosts Loan Limit to Enhance Accessibility
CrossCountry Mortgage Elevates Conforming Loan Limits
CrossCountry Mortgage (CCM), a prominent name in the retail mortgage lending industry, has taken significant steps to support potential homebuyers. By increasing its agency conforming loan limits to $819,000, an increase from the previous $806,500, CCM aims to provide more flexibility in an evolving housing market. This decision demonstrates the company's proactive stance and commitment to empowering customers ahead of the official announcements from housing authorities.
Understanding the Early Bird Program
The Early Bird Program introduced by CCM has been designed with the homebuyer in mind. The program not only raises the conforming loan limits but also equips borrowers with essential resources. With an experienced team of loan originators, CCM ensures personalized guidance throughout the home purchasing process.
Benefits of Higher Loan Limits
Higher loan limits provide significant advantages for prospective home buyers. For many, this increase means a broader selection of homes, potentially allowing them to purchase properties they may not have considered before. The financial landscape is shifting, and as demand increases, having access to higher limits can open doors for those looking to invest in their future.
Additional Resources for Homebuyers
Beyond the ability to borrow more, the Early Bird Program offers educational support and loan options tailored to the unique needs of buyers. This comprehensive approach helps demystify the mortgage process, allowing buyers to make informed decisions based on their circumstances.
Commitment to Homeownership
Jenn Stracensky, Chief Operating Officer at CrossCountry Mortgage, underscores the importance of this initiative. She notes that today's housing market can be overwhelming, and that CCM's focus is to navigate challenges by equipping homebuyers with the necessary tools to achieve homeownership. With this initiative, every step of the borrowing process is designed to be a win for those aiming to secure their dream home.
About CrossCountry Mortgage
CrossCountry Mortgage is not just a lender; it is a partner in the journey to homeownership. With over 7,000 employees and more than 700 branches serving customers across all 50 states, the company has solidified its status as the nation's leading distributed retail mortgage lender. Recognized multiple times on the Inc. 5000 list, CCM's accolades reflect its dedication to growth and customer satisfaction.
CCM offers an extensive range of solutions, including conventional and government-insured loans. With a direct lending approach and approved status as a seller and servicer by major agencies, including Freddie Mac and Fannie Mae, CrossCountry Mortgage ensures that borrowers receive the best service throughout the lending experience.
Frequently Asked Questions
What inspired CrossCountry Mortgage to raise loan limits?
The increase in loan limits aims to give homebuyers more flexibility and options in an evolving housing market, helping them secure homes more easily.
What is the Early Bird Program?
The Early Bird Program is an initiative by CrossCountry Mortgage that raises conforming loan limits and provides personalized assistance to homebuyers.
How can homebuyers benefit from higher loan limits?
Higher loan limits allow buyers to consider a wider range of properties, making it easier to find homes that meet their needs.
What types of loans does CrossCountry Mortgage offer?
CrossCountry Mortgage offers a variety of loan products, including conventional, jumbo, FHA, VA, and other government-backed loans.
How does CrossCountry Mortgage ensure customer success?
CCM provides educational support and experienced guidance to empower buyers in making informed mortgage decisions.
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