The Mortgage Minute | November 2023

Keller Home Loans has the perfect answer to nearly any mortgage need as a full-service mortgage lender. Whether it's renovation loans, financing for manufactured housing, or anything in the spectrum, we're here for you. Our aim is to enhance the accessibility of homeownership for your clients! Explore our specialized programs and stay updated with market insights this month.

Introducing the Keller Home Loans Education Hub!

We're excited to unveil our Keller Home Loans Education Hub, a valuable resource exclusively designed for real estate agents. As a partner, we want to provide agents with the knowledge and tools you need to thrive in the real estate industry. Whether you're new to the industry or a seasoned pro, our Education Hub has something valuable to offer you.

Our classes cover an array of topics to support your success:

• Specialty Loan Programs: Explore the unique loan programs available at Keller Home Loans, designed to help you serve your clients better and close deals with confidence.
• Market Updates and Industry News: Stay ahead of the curve with the latest market insights and industry trends. We'll provide you with up-to-date information to help you make informed decisions in today's dynamic real estate landscape.
• Business Building Hacks: Unlock strategies and tactics that can boost your business growth. From marketing tips to productivity hacks, these classes are packed with actionable advice.

Ready to dive into our educational offerings? You can find our full class lineup at kwlends.com/education.

Class Spotlight: VA Certification Class for Real Estate Professionals

Discover how branding yourself as a VA Certified Realtor can supercharge your business growth. By helping veteran borrowers and their families navigate the VA home loan process, you'll create lasting relationships and expand your client base.

Register Now

Download the Keller Home Loans App Today!

Instant loan updates on your clients' files- everywhere you go.

It's a fast-moving moving world. Showings. Offers. Closings. Take advantage of the convenience and flexibility of the Keller Home Loans App and offer your clients updates on their mortgage loans whenever they need them, from wherever you are.

The Keller Home Loans App is:

• Branded for you and ready to use instantly. With full cobranding capabilities, your clients can easily contact you and your Keller Home Loans loan officer directly from the app.
• Easily shareable. When you want to pass the app along to your clients, click the "Share This App" button and enter their contact info. They'll receive a link to download the app.
• Loaded with tools. With features like mortgage calculators, loan status and secure document access, you'll received real time updates on your deals.

Download App

Learn more about the CHOICEReno eXPress Program

CHOICEReno eXPress is a convenient mortgage solution tailored for homebuyers seeking to fund minor to moderate home improvements. With CHOICEReno eXPress, you have the flexibility to incorporate renovation expenses into your mortgage, simplifying the process of transforming your nearly ideal property into your ultimate dream home.

Key Features:

• Total renovation costs should not exceed 15% of the applicable value for purchase transactions and "no cash-out" refinance mortgages in designated Duty to Serve high-needs areas, and 10% for other purchase transactions and refinance mortgages.
• Combine CHOICEReno eXPress with Freddie Mac Home Possible?, HomeOne?, HFA Advantage?, and super conforming mortgages, with down payment as low as 3%.
• Eligible properties include 1-4-unit primary residences, manufactured homes (including CHOICEHome? certified homes), 1-unit second homes, 1-unit investment properties, units in planned unit developments (PUDs), condominiums, and cooperatives.

Not only does CHOICEReno eXPress cater to your clients' needs, but it also addresses critical challenges in the housing market. By allowing financing for renovation costs, we're working together to tackle the aging housing supply, create more affordable housing opportunities, and meet the rising demand for aging-in-place housing solutions.

DSCR Loans

Keller Home Loans is pleased to offer, DSCR loans, a special type of Non-QM loan for real estate investors. A DSCR loan enables real estate investors to get a loan because it considers cash flow from investment properties rather than pay stubs or W-2s, which many investors do not typically have. A DSCR loan makes it easier to show rental income that might not show up on your taxes due to deductions for legitimate business expenses.

• Investors rejoice! This loan program streamlines the documentation needed to qualify at closing. With a Debt Service Coverage Ratio (DSCR) loan, it is the property that is qualified based on its ability to earn a fair market rent value that will cover the PITI payment (as determined by the appraiser).
• Individual income verification is NOT needed for this loan program making it a desirable option for self-employed borrowers, real estate investors, or those that want to start building wealth through real estate, but don't have the starting debt-to-income ratio to cover the costs of the investment purchase.