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Prosperity Home Mortgage Named Among America’s Top 100 Mortgage Companies

Prosperity Home Mortgage, LLC, (Prosperity) has once again been ranked as one of the best mortgage companies in the nation by Mortgage Executive Magazine.1 The publication spotlights the country’s leading lenders in its annual list of Top 100 Mortgage Companies in America 2017, and Prosperity has earned a position in the top 50 for the fourth year in a row.

“We are thrilled that Mortgage Executive Magazine named Prosperity as one of the leading mortgage companies in the country, and thank our exceptional team of professionals for enabling the company to achieve such an honor,” said Tim Wilson, CEO of Prosperity Home Mortgage. “Rankings such as this one demonstrate the extraordinary service and commitment that our mortgage consultants provide to each of their clients. Their continuous dedication to providing personalized, focused service to every Prosperity customer is why we remain among the top lenders in the nation.”

Randy Krout, president of national sales at Prosperity, echoed Wilson’s thoughts. “It’s an honor to be ranked among the top mortgage companies in the country once again, and this award shows the wealth of knowledge, integrity and professionalism that our mortgage team brings to each transaction they do.” Krout said.

About Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC, is a full service mortgage banker that specializes in residential and refinance loans. It offers a wide range of mortgage products, including fixed and adjustable rate mortgages, jumbo loans, Federal Housing Administration (FHA) and Veterans Affairs (VA) loans, and renovation financing. Prosperity Home Mortgage is represented by more than 190 mortgage consultants. Prosperity Home Mortgage funded over 10,700 home loans with a loan volume of over $3 billion in 2017.  Prosperity currently operates in 12 states and Washington, D.C.

 

 

 

1. Ranking published in Mortgage Executive Magazine, Summer 2018 Edition.
All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2018 Prosperity Home Mortgage, LLC. All Rights Reserved.


Prosperity Home Mortgage Ranked Among Top Mortgage Lenders in D.C. Area

We are delighted to share that Prosperity Home Mortgage, LLC (Prosperity) has been recognized by the Washington Business Journal as one of the top home mortgage lenders in the Washington, D.C., metro area. Prosperity earned 7th place on the publication’s annual list, which ranks companies within the region by their 2017 metro-area lending volume.

“It’s an incredible honor for our team at Prosperity to earn a position on the Washington Business Journal’s list of the top mortgage lenders,” said Tim Wilson, president and CEO of Prosperity. “I congratulate each member of our Prosperity team on their achievement and thank them for their support of the many homebuyers who work with our family of companies.” 

Randy Krout, president of national sales at Prosperity, shared Wilson’s excitement for the award. “Each member of our team works diligently to support the homebuyers who choose Prosperity as their lending partner, and we’re thrilled to have been recognized by the Washington Business Journal as one of the top lenders in the D.C. area,” said Krout. “The honor highlights our team’s wealth of knowledge, integrity and professionalism in supporting Prosperity’s mission, and it demonstrates our ability to deliver best-in-class service, exceptional support and competitive rates.”

Prosperity offers a wide range of mortgage products, including fixed and adjustable rate mortgages, and is represented by more than 190 mortgage consultants in offices across 13 states and Washington, D.C.  Click here to find a local mortgage consultant near you.

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mo­­­rtgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2018 Prosperity Home Mortgage, LLC. All Rights Reserved.


30 Prosperity Home Mortgage Consultants Recognized as Top in the U.S. by Mortgage Executive Magazine

We are pleased to share that Prosperity Home Mortgage, LLC, (Prosperity) has been recognized for its exceptional mortgage originators once again by Mortgage Executive Magazine.  In its Spring 2018 edition, the industry publication honored the Top 200 Mortgage Originators in America and the Top 1% of Mortgage Originators in America.  30 members of the Prosperity team were named to these exclusive lists.

“It’s quite an honor to see that so many of our mortgage originators were recognized as some of the top in the country by Mortgage Executive Magazine,” said Tim Wilson, CEO of Prosperity. “I’m proud of not only their hard work and achievements, but that of our entire sales organization. We’re committed to providing personalized and focused service to every client at Prosperity, and it’s because of that ongoing commitment that we remain among the top lenders in the nation.”

Three of Prosperity’s mortgage consultants ranked among the Top 200 Mortgage Originators in America by annual mortgage volume. Jody Eichenblatt, a senior mortgage consultant based in Alexandria, Virginia, was ranked No. 71 on the list. He closed 264 loans for a total volume of $116,257,039 in 2017. Jonathan Okun, a senior mortgage consultant based in Bethesda, Maryland, earned the No. 93 spot on the 2017 list with 208 closed loans and total volume of $103,326,636.  Thomas O’Keefe, branch manager of Prosperity’s office in Bethesda, Maryland, was ranked No. 144 with 183 closed loans and a total volume of $89,488,607 in 2017.

Additionally, 30 mortgage consultants with Prosperity have been named to Mortgage Executive Magazine’s list of the Top 1% of Mortgage Originators in America. To be eligible for the list, a loan originator had to personally produce at least $30 million in 2017. According to NMLS Mortgage Industry Report, there were more than 419,900 federally registered mortgage loan originators as of June 30, 2017. Below are the Prosperity members who were recognized:


Congratulations to each of our mortgage consultants on their success!

 

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mo­­­rtgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2018 Prosperity Home Mortgage, LLC. All Rights Reserved.


Four Prosperity Home Mortgage Consultants Named as VHDA Top Producing Loan Officers

We are proud to announce that four of our mortgage consultants were named as Virginia Housing Development Authority Top Producing Loan Officers. They include Jonathan Haug, Janice Lanning, Mark Fillgrove and Derek Alverson.

“It’s fantastic to see Jonathan, Janice, Mark and Derek receive this well-deserved recognition,” said Tim Wilson, CEO of Prosperity Home Mortgage. “We are very proud of their hard work and of all that they have achieved while helping to make homeownership a reality for their clients. All of us at Prosperity are committed to providing personalized and focused service to every client, and it’s because of that ongoing commitment that we remain among the top lenders in the nation.” 

The work of Haug, Lanning, Fillgrove and Alverson helped numerous individuals and families become homeowners during the commonwealth’s last fiscal year. Statewide, 8,271 people in Virginia purchased a home in VHDA’s Fiscal Year 2017, resulting in $1.62 billion in home loans created.

Haug is a senior mortgage consultant based in Virginia Beach, Virginia. He is a member of Prosperity’s Chairman’s Club for 2016 and was named to Mortgage Executive Magazine’s Top 1% of Mortgage Originators in America 2016 list. Based in Fredericksburg, Virginia, Lanning is a senior mortgage consultant, a member of Prosperity’s Presidents Club for 2016 and was also named to the Top 1% of Mortgage Originators in America 2016 list. Fillgrove is a branch manager for Prosperity and is based in Midlothian, Virginia. He is a member of Prosperity’s Presidents Club for 2016. Alverson is a senior mortgage consultant and a member of Prosperity’s Chairman’s Club for 2016. He is based in Richmond, Virginia, and was also named to the Top 1% of Mortgage Originators in America 2016 list.

Congratulations to each of our mortgage consultants on their success!

 

To learn more about Prosperity Home Mortgage, click here.

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2017 Prosperity Home Mortgage, LLC. All Rights Reserved.


Introducing HomeBuyer Boost

Jul 14
1:58
PM
Category | Newsroom

Prosperity Home Mortgage, LLC, Introduces HomeBuyer Boost

Prosperity Home Mortgage, LLC, (Prosperity) has introduced a new program, HomeBuyer Boost, to help responsible, creditworthy buyers achieve the goal of homeownership.

Earlier this year, Prosperity offered a program in which our clients qualified for $2.5 million in down payment or closing assistance. The new HomeBuyer Boost program sets aside up to an additional $1 million in closing cost assistance for qualified low- to moderate-income borrowers. HomeBuyer Boost is a conventional loan that has flexible terms with an additional boost.

The program offers the following to qualified borrowers:

  • Low down payment available. Up to 97 percent financing for purchase of a primary residence (one-unit properties).
  • Flexible sources of funds can be used for the down payment and closing costs with no minimum contribution required from the borrower’s own funds (1-unit properties).
  • Income from all borrowers on the loan must be used to qualify. Income may not exceed 100 percent of the HUD area median income for the property’s location.1
  • Extended-income household may allow non-borrower income to be considered toward the borrower’s debt-to-income ratio when qualifying the borrower for the mortgage.2
  • Reduced mortgage insurance coverage requirements for loans with loan-to-values (LTV) greater than 90 percent, up to 97 percent.
  • Homeownership education helps buyers get ready to buy a home and be prepared for the responsibilities of homeownership. The required training offers an easy-to-use, online course provided by Framework.

The additional Boost includes:

  • $1,000 program credit toward closing costs for clients who are at or below 80 percent of the area median income limit.3
  • $500 program credit to borrowers who get one-on-one homeownership education through a HUD-approved counseling agency prior to signing a purchase contract.4
  • Job loss protection for two years for eligible borrowers through MortgageAssureSM. This unemployment insurance can help cover up to six monthly mortgage payments in the event of an involuntary, unexpected job loss, to help borrowers avoid falling behind or defaulting on their mortgage.5

“For individuals and families who are ready to buy a home, our HomeBuyer Boost program offers incentives that may help them get the house they want,” said Tim Wilson, CEO of Prosperity Home Mortgage. “By taking part in the approved homeownership education program, they can receive an additional incentive and gain a better understanding of the responsibilities of homeownership.”

 

Interested in learning more about the HomeBuyer Boost program?  Reach out to a Prosperity mortgage consultant today!

 

 

 

 

DISCLAIMER: HomeBuyer BOOST may not be the best mortgage product for all borrowers. Please consult your mortgage consultant to discuss your financing options.

1. Except for properties located in a low-income census tract.

2. Non-borrower income must be at least 30 percent of the total monthly qualifying income being used by the borrower(s). The non-borrower must 1) document his or her income, and 2) sign a statement of intent to reside with the borrower(s) for a minimum of 12 months. Other terms, conditions, and requirements may apply.

3. Borrowers are able to use program credit toward closing costs only. Excludes down payment assistance. All incentive offers valid on complete loan applications received between 06/27/2017 and 12/31/2017. Loan must close within 60 days from the date of loan application. This offer may not be used with any other offers.

4. Borrowers are not eligible for additional program credits if minimum borrower contribution is exceeded.

5. Radian MortgageAssureSM is available with borrower-paid mortgage insurance (BPMI) only. Radian MortgageAssureSM will provide up to 6 monthly mortgage payments, for a maximum monthly benefit of up to $1,500 or total protection of $9,000 during the two-year coverage period. Benefit is automatically provided on Radian-insured loans for primary, owner-occupied, single-family homes with loan-to-values of 95.01% – 97%, that meet the program guidelines.

All first mortgage products are provided by Prosperity Home Mortgage, LLC. 877-275-1762. Prosperity Home Mortgage, LLC, products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/).

©2017 Prosperity Home Mortgage, LLC. All Rights Reserved.


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