Gene DiPaula, Author at NFM Lending

LINTHICUM, MD, October 1, 2016— NFM Lending is pleased to honor Corvin Arterburn, Jr. as the NFM Salute for October 2016.

Arterburn and his friends joined the Navy to help with efforts during WWII in September 1944, while they were still in high school. Arterburn was on a Landing Craft Infantry (LCI) and a Landing Ship Tank (LST) that transported Japanese prisoners to Yokohama, Japan. After completing his service in the Navy in 1946, Arterburn returned to his small hometown of Glasgow, Kentucky, and finished up his senior year of high school. Later, Arterburn joined the Army Reserves. When the Korean War began, he was called up for active duty from 1950 to 1952, interrupting his college studies. He was stationed at Ft. Bragg, North Carolina, with the 18th Airborne Corp. as a Master Sergeant and an Army-trained stenographer. In 1951, he married his wife, Greta, with whom he had three children.

After he was discharged from the Army, Arterburn returned to college and graduated from the University of Louisville in 1957 with a degree in business, while raising a family and attending night classes after work. He entered the tech world early as a senior systems analyst and stayed in the field of early computers until he retired. Arterburn passed away in 1996.

“I’m very proud of my dad, who held this country dear to his heart, and was willing to step forward and serve in two military branches to help protect our wonderful nation,” said Cruse.

NFM Salutes is an initiative in which one military member or Veteran is chosen each month to be honored as the “Salute of the Month.” Salutes are chosen from nominations on the NFM Salute website, www.nfmsalute.com. The “Salute of the Month” will be featured on the website with a brief biography and information about his or her service, and NFM Lending will make a $2,500 donation to a military or Veteran non-profit in the Salute’s name. Cruse chose The Gary Sinise Foundation to receive this month’s donation.

Selected NFM Salutes may choose from one of the following four non-profits: Platoon 22, AnySoldier, Soldier’s Wish, and the Gary Sinise Foundation. NFM looks forward to the opportunity to continue to honor military and Veterans through the NFM Salute initiative.

“NFM Lending is a mortgage lending company currently licensed in 29 states in the U.S. The company was founded in Baltimore, Maryland in 1998. They attribute their success in the mortgage industry to their steadfast commitment to customers and the community. NFM Lending has firmly planted itself in the home loan marketplace as “America’s Common Sense Residential Mortgage Lender™.”

LINTHICUM, MD, September 14, 2016— NFM Lending is pleased to announce that it sponsored and participated in the Fifth Annual NCADD-MD Recovery Classic on Monday, September 12^th, 2016.

The National Council on Alcoholism and Drug Dependence of Maryland (NCADD-MD) is a state-wide organization that works to raise public awareness of alcoholism and drug dependence issues, while working to ensure those affected by the disease of addiction have the necessary resources when accessing treatment and sustaining recovery.

“Thanks to loyal sponsors such as NFM Lending,” said David Nelson, Chairman of the Board for NCADD-MD, “our 5th Annual Recovery Classic Golf Outing to benefit the work of NCADD-MD was a great success. The weather was perfect and the NFM team made a strong showing, with NFM-er Amy Fichter earning closest-to-the-pin honors on 13 as her tee shot came to rest 2’11” from the hole.”

Jan Ozga, President of NFM Lending, and several Loan Originators participated in the event.

“It is an honor once again for NFM Lending to support the NCADD-Maryland,” said Ozga. “The job of bringing awareness and solutions to addiction is a tireless one, and David Nelson and his team are incredible ambassadors to this end. It’s up to all of us to seek measures to curb the problem of addiction that has crippled our communities, torn apart our families, and left those afflicted feeling helpless. NFM couldn’t be prouder to be part of this event.”

NFM Lending is proud to support local organizations, like NCADD-MD as they work to improve our communities. For more information about NFM Lending’s nonprofit work, click here.

NFM Lending is a mortgage lending company currently licensed in 29 states in the U.S. The company was founded in Baltimore, Maryland in 1998. They attribute their success in the mortgage industry to their steadfast commitment to customers and the community. NFM Lending has firmly planted itself in the home loan marketplace as “America’s Common Sense Residential Mortgage Lender.™”

LINTHICUM, MD, September 8, 2016— During the month of August, NFM Lending matched donations made by employees to the Ellicott City Partnership, a nonprofit supporting rebuilding efforts in Ellicott City, Maryland, after the flooding that took place in July.

On July 30, 2016, Ellicott City experienced severe floods that destroyed stores, buildings, and homes along Main Street. The area received six inches of rainfall in less than two hours, causing the river to overflow, sweeping cars away and causing major destruction. All residents of the area were evacuated, and many lost everything that they had.

“The devastation in Ellicott City hits extremely close to home for NFM,” said Bob Tyson, COO/CAO of NFM Lending. “I am fortunate enough to be a part of a team that loves being involved in the community. This is about more than just ‘giving back’ though; this is about restoring stability to the lives of everyone affected. I am humbled by the support offered thus far, and I hope NFM’s match will encourage more people to donate.”

The Ellicott City Partnership is a local nonprofit whose mission is “to preserve the heritage and vitality of Historic Ellicott City while enhancing and creating economic growth.” The organization is currently dedicated to supporting Ellicott City businesses and residents as they work to rebuild their community.

NFM Lending is proud to support the community of Ellicott City as they work to restore their town. For more information about NFM Lending’s nonprofit work, click here.

LINTHICUM, MD, September 2, 2016— NFM Lending is pleased to honor Shad Lorenz as the NFM Salute for September 2016.

Shad is a 12 year United States Army Veteran with two combat deployments in support of Operation Iraqi Freedom. During his 12 years of service, he has conducted extensive military training both physically and mentally challenging. After September 11th , Shad enlisted in the United States Army. Enlisting in the Infantry was a big step towards his interest in fitness. Outside of the Military, Shad was introduced to weightlifting through friends, who would lift weights after work and on weekends. It started out as a hobby, but began to evolve the more he looked into the sport of weightlifting. Lorenz and his wife eventually would open CrossFit Germantown Performance, a gym in Germantown, MD.

“I joined the Army on September 11, 2001 because of the attack on our soil,” said Lorenz. “I wanted to serve and do my part for my country. After spending 12 years in active duty and serving with some of the finest soldiers I have had the privilege to meet, serving my country with the people I have and supporting this country is the greatest honor I have ever been a part of.”

“Shad is a wonderful, loving and extremely giving person,” said Piantone. “He loves to train people in physical fitness to help them be the best version of themselves possible. He is a selfless bleeding heart who would give you the shirt off his back while he’s fiercely protecting his family and community from enemies and dangers.”

NFM Salute is an initiative in which one military member or Veteran is chosen each month to be honored as the “Salute of the Month.” Salutes are chosen from nominations on the NFM Salute website, www.nfmsalute.com. The “Salute of the Month” will be featured on the website with a brief biography and information about his or her service, and NFM Lending will make a $2,500 donation to a military or Veteran non-profit in the Salute’s name. Lorenz chose The Gary Sinise Foundation to receive this month’s donation.

“NFM Lending is a mortgage lending company currently licensed in 28 states in the U.S. The company was founded in Baltimore, Maryland in 1998. They attribute their success in the mortgage industry to their steadfast commitment to customers and the community. NFM Lending has firmly planted itself in the home loan marketplace as “America’s Common Sense Residential Mortgage Lender™.”

If you are considering purchasing a home, you may wonder what your financing options are. While there are many mortgage options available, some of the most common loan types are conventional, FHA, VA, USDA, and Jumbo loans. Over the next several weeks, we will answer the top 5 questions about the top 5 types of home loans. This week, we will discuss FHA Loans.

FHA Loans
An FHA Loan is a type of government-insured loan offered by the Federal Housing Administration (FHA). Rather than lending money directly to home buyers, the FHA insures lenders against losses that may occur in the event that the borrower defaults on the loan. This allows lenders to offer these loans with less strict requirements than conventional or other home loans.

If you are considering an FHA loan for your home purchase, read on to learn the answers to some of the most common questions home buyers have about FHA Loans.

Anyone who does not already have an FHA loan is eligible to use this program. FHA loans are popular with low-income and first-time home buyers, due to the less stringent requirements. They have lower down payment requirements and tend toave lower credit score requirements.

The minimum down payment amount for an FHA loan is 3.5%. This is much lower than the down payment amount for a conventional loan, which is normally 20%. Additionally, FHA loans allow for down payment assistance provided as a gift by a family member, employer, or charitable organization, which other loan programs do not allow.

The credit score requirements for an FHA loan will depend on your lender. However, if you have no credit history or have just begun your credit history, an FHA loan will allow you to add a family member as a co-signer on your loan.

If you opt for an FHA loan, you will be required to pay a Mortgage Insurance Premium (MIP) in addition to your monthly mortgage payments. Mortgage insurance protects your lender from losses in the event that you default on your mortgage.

If you had a foreclosure or deed-in-lieu of a foreclosure, you may not be eligible for an FHA loan for three years after the date the title was transferred from you. However, if the circumstances of the foreclosure were out of your control, your lender may be able to grant an exception. For more information about how a foreclosure may affect your eligibility for an FHA loan, click here.

If you are still paying on a Chapter 13 bankruptcy, and your payments have been satisfactorily made and verified for at least one year, you may qualify for an FHA loan. You will need to provide written explanation of the circumstances of the bankruptcy, have re-established good credit, have stable employment, and qualify financially for the loan. If you or your spouse filed for Chapter 7 bankruptcy, at least two years must have passed since the bankruptcy discharge date. As with Chapter 13 bankruptcy, you will need to provide written explanation of the circumstances of the bankruptcy, have re-established good credit, have stable employment, and qualify financially for the loan.

LINTHICUM, MD, August 24, 2016— NFM Lending will contribute $15,000 to United Way of Southeast Louisiana to support cleanup and rebuilding efforts following the tragic flooding that took place this month.

“When you hear that 60,000 homes were damaged, 13 people to this point have lost their lives, and that this is the worst natural disaster since Hurricane Sandy, it makes you pause and understand what really is important in life,” said Jan Ozga, President. “It makes you quickly realize how overwhelmingly powerful Mother Nature can be, and how something like this could happen to anyone at any time. We couldn’t sit back and do nothing. Hopefully our small donation helps somebody impacted by the flooding. We hope and pray that Louisiana recovers quickly!”

Jennifer Cook, NFM Lending Branch Manager in New Orleans, is contributing $2,500 to United Way of Southeast Louisiana. NFM will further support that donation with a contribution of $12,500.

“As a branch manager in Louisiana, even though my immediate area of New Orleans was not affected by flooding, I felt like we needed to do something to help,” said Cook. “I have friends and past clients who were affected, and while working with locals to get specific needs filled for families, I wanted to also help out financially on a larger scale than I can do alone. I reached out to the NFM corporate office on the business day following the floods and immediately received a positive response. I am proud to work for a company that sees a need and acts accordingly, and am really looking forward to helping United Way of Southeast Louisiana with their efforts.”

“Mother Nature has once again shown us she is in charge,” said Michael Williamson, President and CEO of United Way of Southeast Louisiana. “Just several months ago our region was flooded, and now they are hurting again. Families who are still trying to rebuild are now at risk. Our residents are resilient, but they need help. We thank NFM Lending for the generous donation. While working on immediate flood relief efforts, United Way will be continuously investing resources in long-term recovery. It takes time and money, but pulling together we can rebuild lives and communities.”

In addition to this contribution, NFM Lending is collecting individual monetary donations and donations of cleaning supplies from its employees throughout the country. NFM Lending is proud to support this resilient community as they work to recover from this tragic event. For more information about NFM Lending’s nonprofit work, click here.

NFM Lending is a mortgage lending company currently licensed in 28 states in the U.S. The company was founded in Baltimore, Maryland in 1998. They attribute their success in the mortgage industry to their steadfast commitment to customers and the community. NFM Lending has firmly planted itself in the home loan marketplace as “America’s Common Sense Residential Mortgage Lender.™”

United Way of Southeast Louisiana has a Blueprint for Prosperity to eradicate poverty in our region. We are strategically investing in programs, initiatives, collaborations and advocacy efforts to meet our community’s greatest needs. We have a bold vision of equitable communities where all individuals are healthy, educated, and economically stable in Jefferson, Orleans, Plaquemines, St. Bernard, St. Tammany, Tangipahoa and Washington Parishes. For more information, please visit unitedwaysela.org or call (504) 822-5540. You can find us on facebook at UnitedWaySela or follow us on twitter: @UnitedWaySELA. Join United Way. GIVE. ADVOCATE. VOLUNTEER.

LINTHICUM, MD, August 15, 2016—NFM Lending is pleased to announce the successful completion of its Second Annual School Supply Drive. From July 25^th to August 12^th, 2016, NFM Lending collected school supplies to put together backpacks with needed materials for underprivileged children in Anne Arundel County. This year, NFM Lending provided the Anne Arundel County Public School District with 50 filled backpacks for children attending kindergarten through fifth grade.

“NFM Lending changes lives every time a family invests in a home,” said Madison Grey, HR Manager and team lead for the drive. “This time, we invested in those families that struggle by providing school supplies for their children. The bags we dropped off were packed with supplies, hope, and love from the NFM Lending team.”

LINTHICUM, MD, August 1, 2016— NFM Lending is pleased to honor Sergeant Major (Retired) Gregory W. Heffner as the NFM Salute for August 2016.

SGM (Ret) Gregory W. Heffner served honorably in the Maryland Army National Guard for over 35 years, entering service on January 20, 1974. Heffner worked in numerous key assignments culminating at the National Guard Bureau Policy Division, Arlington, Virginia until his retirement in February 2009. He has received many accolades for his service, including the Legion of Merit, the Meritorious Service Medal, and the Army Commendation Medal.

Heffner remains at the National Guard Bureau as a Department of the Army Civilian, GS 13. He is a lifelong resident of Frederick, MD, and has been married to his wife, Terry Lynn Heffner, for over 41 years. He has two daughters, Hilery Leatherman and Katherine Speilman, and seven grandchildren.

“I nominated my Dad, SGM Greg Heffner, because he is the most patriotic person I know,” said Leatherman. “He loves our country, served 35 years active duty, and now that he’s retired, he is still working as a civilian for the MDARNG as a policy writer. He has always been someone that others call on for advice, assistance or anything regarding other soldiers.”

NFM Salutes is an initiative in which one military member or Veteran is chosen each month to be honored as the “Salute of the Month.” Salutes are chosen from nominations on the NFM Salute website, www.nfmsalute.com. The “Salute of the Month” will be featured on the website with a brief biography and information about his or her service, and NFM Lending will make a $2,500 donation to a military or Veteran non-profit in the Salute’s name. Heffner chose Platoon 22 to receive this month’s donation.

Are you considering buying a short sale property? A short sale is the sale of a property where the net proceeds from the sale are short of the debts secured by the liens on the property. This can be a complex process with many moving pieces. But there are many reasons this may be a good choice for you. You will be competing with fewer buyers, and you may be able to purchase your home for well under market value. However, since the short sale process is different from a traditional home sale, here are 4 things you should know in order to have a successful short sale purchase.

If you are currently a homeowner, you may be considering purchasing a second home to rent out or to use as a vacation home. While much of the process will be the same as when you bought your first home, there are many other factors to consider that you may not have had to examine the first time. It’s important to know what to expect when making this decision. Here are a few tips to help you purchase a second home or investment property:

Your Budget
A successful second home purchase process requires careful planning. Know what your budget is, and make sure you are accounting for all additional expenses that may be included. If you are looking to purchase a fixer-upper, for example, make sure you have an idea of what your budget is for repairs and renovations, and include that when determining your price range.

Your lender’s financial requirements for a second home purchase will be more stringent than when you purchased your first home. They will want to make sure you can afford to pay two mortgages. Your second home purchase may require a higher down payment, larger reserve requirements, and more financial assets. Additionally, second homes and investment properties are financed primarily by conventional loans, since you can only use a FHA loan on a home you intend to live in. Your Loan Originator can help you figure out what you can afford, and make sure you are accounting for all miscellaneous costs.

Your Goals
If you are looking for a second home to purchase as a vacation home, your needs will be different from those of someone looking to purchase an investment property to rent out. This is why it’s important to work with knowledgeable professionals who can help you make the right decision.

If you are looking for a vacation home, you may be looking in areas you aren’t familiar with. A Realtor who knows the area and the market can help you find homes that meet your criteria, and get the most value for your money. Likewise, if you are looking for an investment property to flip or rent out, your Loan Originator can help you set a realistic budget and understand your financing options.

Taxes
Buying a second home can introduce different tax rules and tax deductions. Taxes in the area you’re looking to buy may be higher than you are used to, and the amount you are taxed may depend on factors such as your income level, how many days a year you occupy the property, etc. You may wish to consult a tax advisor when determining where to purchase your second home.

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All FHA Case Transfer Requests must be sent in writing via email to: FHAINFO@nfmlending.com. The request must include the FHA Case number, the new lender’s Origination ID or Sponsor ID, the full subject property address, and a letter signed and dated by the borrower expressing desire for the transfer.
Request for payoff should be submitted to the current servicer of the loan:
If your loan is being serviced by the NFM Lake Zurich Servicing Center, please call 1-866-352-6802 to request a payoff. You can also request a payoff via the online borrower portal, if you are a registered user on the portal.
If your loan is being serviced by the NFM Lending Linthicum Maryland Office, you may submit the request to Servicing@nfmlending.com or call 1-866-765-1827.
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