New Financing Solutions Ensure Homebuyers Get into Homes They Love
The market continues to fluctuate with actions designed to combat inflation. Navigating this landscape can be confusing, and the loan officers at CrossCountry Mortgage (CCM) are ready to put things in context, including educating borrowers on new financing options to help get them into homes they love.
“At CCM, we’ve always responded to market changes and trends with innovative financing solutions to meet the needs of our borrowers,” said Jenn Stracensky, CCM Chief Operating Officer. “Over the past several months, we’ve introduced a variety of solutions to support borrowers in an environment where spending can be stretched and homes are selling quickly. Our goal is to make every mortgage feel like a win.”
Some of the new CCM solutions available to borrowers include:
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Lock Before You Look* – Consumers can navigate a fluid rate environment by locking in at today’s rates for a 90-day period while they look for a home.
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Temporary Buydown Program – CCM will reduce a borrower’s interest rate by 2% for the first 12 months and 1% for the second 12 months.
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Extended Rate Lock – For consumers considering new construction, a new home can be built without the worry of rising interest rates with extended rate locks over 6, 9, or 12 months.
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Down Payment Assistance – CCM has several options designed to help consumers to finance their down payment rather than using cash upfront.
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CashPlus** – In an environment where homes are receiving multiple bids, cash offers are winning the day, but not everyone has disposable income. CCM has a solution enabling a cash offer without the consumer needing up-front capital.
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Bridge Loan*** – In this market, consumers don’t want to wait for their current home to sell before making an offer on a new one. CCM’s Bridge Loan solution lets homeowners borrow against a current home to finance a new one.
With thousands of loan officers, more than 600 branches, and a presence in all 50 states, CCM is ready to support borrowers' needs. To locate a nearby CCM branch, visit Cross Country Mortgage.
*CrossCountry Mortgage cannot guarantee that an applicant will be approved or that a closing can occur within a specific timeframe. All closings may vary based on the involved parties' level of participation at any stage of the loan process.
**Available in AL, AR, CO, FL, GA, IL, IN, MI, MO, NC, OH, OK, SC, TN, TX, VA
***Available in AZ, CA, CO, CT, FL, GA, IL, MA, MI, MN, NJ, NY, OH, OR, PA, TN, TX, WA
**Available in AL, AR, CO, FL, GA, IL, IN, MI, MO, NC, OH, OK, SC, TN, TX, VA
***Available in AZ, CA, CO, CT, FL, GA, IL, MA, MI, MN, NJ, NY, OH, OR, PA, TN, TX, WA
