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LINTHICUM, MD, May 1, 2019— NFM Lending is pleased to honor Staff Sergeant Giovanni Pierorazio as the NFM Salute for May 2019.
SSG Pierorazio was born in a small mountain village in central Italy. He and his family emigrated to the U.S. when he was ten years old. He graduated high school in June of 1967. SSG Pierorazio immediately enlisted in the U.S. Army and began his military service the following September, with basic training in Fort Benning, GA. He spent November and December in Advanced Infantry Training (AIT) at Fort Gordon, GA. In early February of 1968, he was assigned as a replacement to Company D, 2nd Battalion, 7th Cavalry, 1st Air Cavalry Division.
SSG Pierorazio shared a story from his time with this Company.
“On the 24th of March, my Company was sent out on an air assault against elements of the North Vietnamese Army, which just been forced out of the city of Hue by US Marines. These forces were trying to escape, and our units were intent on stopping them. Within a few hours, we came under fire from NVA forces and an increasingly intense battle ensued. During that battle I was wounded when rifle fire struck me in the left forearm.”
As a result of his wound, SSG Pierorazio was evacuated back to the US. He convalesced at Walter Reed Military Hospital until October. At that time, he was assigned to the 197th Light Infantry Brigade garrisoned at Fort Benning. In May of 1969, SSG Pierorazio was ordered to the Republic of South Korea, where he stayed for the remainder of his Army tour of duty; serving in the Demilitarized Zone between the two Koreas. SSG Pierorazio returned to the US at the end of June of 1970 and was discharged from active duty in Fort Lewis, WA on July 2nd, 1970, having attained the rank of Staff Sergeant, E-6.
SSG Pierorazio was the recipient of several service awards, including a Purple Heart and a Bronze Star.
SSG Pierorazio was nominated by his nephew, John Liberatore.
“I, along with the rest of my family, would like to let Giovanni know how proud we are of him for the sacrifice he gave in serving his country.”
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 biography and information about his or her service, and NFM Lending will make a $1,000 donation to a military or Veteran non-profit in the Salute’s name.
Selected NFM Salutes may choose from one of the following three non-profits: Platoon 22, AnySoldier, and the Gary Sinise Foundation. SSG Pierorazio chose the Gary Sinise Foundation to receive this month’s donation. NFM looks forward to the opportunity to continue to honor military and Veterans through the NFM Salute initiative.
About NFM Lending
NFM Lending is a mortgage lending company currently licensed in 37 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.™” For more information about NFM Lending, visit www.nfmlending.com, like our Facebook page, or follow us on Instagram.
As the weather starts to warm up, homeowners might begin thinking about home improvement projects. That’s why May is National Home Remodeling month! Owning a home is one of the biggest investments you’ll make, so it’s important to keep up with home maintenance.
As of 2015, 66% of the US owner-occupied housing stock was built before 1980, with around 38% built before 1970, according to the National Association of Home Builders (NAHB). Many of these homes are going to need repairs, renovations, or updates.
There are many renovation and repair loan options available, but we will focus on three: Conventional, FHA, and VA renovation. If you are looking for financial assistance for projects or you’re considering purchasing a home that needs a little TLC, here are a few loan programs for home remodeling.
The FHA 203(K) renovation loan allows a qualified borrower to purchase or refinance a home and finance the cost of renovations/repairs into the overall final loan. (Not to exceed 110% of the after-improved value of the home). The repairs allowed on a 203(K) are not restricted to FHA required repairs that would be deemed necessary by a consultant and/or appraiser but can include a “wish list” of items such as:
Luxury items such as installation of a pool, BBQ pit, or even a hot tub are not allowed.
FHA offers two versions of the 203k program, Limited 203(K) and Standard/Full 203(K). All work must be completed within 180 days of closing.
This program allows the borrower to finance into the loan limited/non- comprehensive repairs:
NFM Lending requires a minimum of $3,500 in repairs for this program. A HUD consultant is not required to perform an inspection of the property on this type of renovation program but may be used.
Work cannot displace the borrower from the home for more than 15 days. If the house will be vacant for longer than 15 days, the Standard 203(k) must be used. The Limited program allows a disbursement at closing up to 50% of the estimated materials and labor costs before beginning construction but only when the contractor is not willing or able to defer receipt of payment until completion of the work, or the payment represents the cost of materials incurred prior to construction.
The Standard/Full 203(K) program allows the borrower to finance in many more items than the limited program. Repairs with this type of 203(K) can include structural alterations, conversions from 1 to 4 units, work that requires plans, and many more. A HUD-approved consultant is required. The borrower must meet with the consultant to determine not only the mandatory items but any “wish list” items that are to be included in the cost of repairs.
With the Standard program, the borrower can be displaced from the home for up to 6 months. Mortgage payments can be financed into the loan for the time that the house is deemed uninhabitable during the renovation period. The HUD consultant will deem the number months that can be financed into the loan. Please inquire as to the availability of financing in mortgage payments with your 203K specialist.
The Fannie Mae HomeStyle® Renovation loan allows a qualified borrower to purchase or refinance a home and finance the cost of renovations/repairs into one final loan. (The total renovation cost cannot exceed 75% of the after completed value of the home based on the appraisal or the total acquisition cost, whichever is less). The sales price plus the total cost of renovations is considered the total acquisition cost. All repairs must be completed within 180 days of closing.
This program allows the borrower to finance into the loan limited/non-comprehensive repairs:
NFM Lending requires a minimum of $3,500 in repairs for this program. A HUD consultant is not required to perform an inspection of the property on this type of renovation program but may be used.
The Standard/Full HomeStyle® program allows the borrower to finance any type of repair including structural alterations and repairs, additions, work that requires architectural plans, and much more. The borrower must meet with a HUD consultant to determine the repairs to be included into the loan.
Up to 6 months mortgage payments can be financed into the loan for the time that the HUD consultant deems the house uninhabitable during the renovation period. Please inquire about the availability of mortgage payment financing with your renovation specialist.
The VA renovation loan is a great option for Veterans who may be buying a home that needs a little work, or perhaps they want to do some modernization to their current home.
This program allows the borrower to finance into the loan limited/non-comprehensive repairs:
Click here for more information about how to finance renovations or home improvements.
Every home is unique and will require varying repairs and updates. But with these mortgage loan options, your dream of updating your home or becoming a homeowner are possible!
You can also keep in mind the possibility of building your home from the ground up as there are many construction loan options available as well.
If you have any questions about renovation loans or want more information about the homebuying process, contact one of our licensed Mortgage Loan Originators. If you are ready to begin the process, click here to get started!
*Total renovations must not exceed $35,000; this is inclusive of repair amount, contingency of 10-15%, inspection fees, title update, permits and renovation fee.
Are you a city-slicker looking for a change of scenery? Lucky for you, the United States Department of Agriculture (USDA) created a home loan that is meant for people who are looking to live further off the grid. Let us introduce you to USDA loans and what you need to know about them.
First things first, USDA home loans are NOT for farmers. This program might hold that preconception, however, this loan is available to anyone looking for a residential property in an eligible rural or suburban area. The USDA’s definition of rural is pretty lax, so make sure to check their property eligibility maps to see if the area you’re interested in meets their definition.
• No down payment
– You read that right. USDA loans allow buyers to finance a home for up to 100%* of the price so there is no down payment requirement.
• Lower credit scores are acceptable
– Don’t worry if you have less-than-perfect credit. Scores of 640 and higher will have faster processing, while 640 and below might face more strict underwriting standards.
• No loan limits
– The USDA does not have loan limits in place. That means your purchasing power may be higher than it would be with another loan program. Your lender will be able to help you determine how much you qualify for.
• Multiple property types
– Eligible property types include existing, new construction, condos, town homes, manufactured**, modular, and short sales or foreclosed homes.
Most other requirements for a USDA loan are very flexible, including credit and employment history.
Are you’re ready to leave the city behind? A USDA loan may be right for you! If you have questions about buying a home with a USDA loan, contact one of our licensed Mortgage Loan Originators. If you are ready to begin the home buying process, click here to get started!
*100% financing, no down payment is required. The loan amount may not exceed 100% of the appraised value, plus the guarantee fee may be included. **Only new manufactured homes are permitted, and they must come from eligible dealerships.
LINTHICUM, MD, April 22, 2019 — NFM Lending is proud to announce they ranked in the Top 100 Mortgage Companies in America for 2018 by Mortgage Executive Magazine. This is the fourth consecutive year NFM Lending has received this recognition.
Each year, Mortgage Executive Magazine compiles a list of the nation’s top 100 mortgage companies and publicly traded banks by their total yearly mortgage volume. NFM Lending ranked 62nd on the list, with a mortgage volume of $1,630,419,869 and 6,577 loans closed.
“Every day I am truly humbled by the tireless dedication and teamwork on display at NFM,” said Bob Tyson, COO/CAO of NFM Lending. “I am so honored and proud of the culture at NFM. 2018 was a great year and we should stop to celebrate, but what I am more excited about is the direction NFM employees are driving this company.”
NFM Lending was recognized in the Top 100 Mortgage Companies in America in 2013, 2015, 2016 and 2017. It has also been named one of the 50 Best Companies to Work For by Mortgage Executive Magazine for the fifth time. Recently, NFM Lending was named one of National Mortgage Professional Magazine’s Top Mortgage Employers, as well as Top Work Places by both the Washington Post and the Baltimore Sun. NFM Lending is proud of these accomplishments and looks forward to another successful year.
NFM Lending is a mortgage lending company currently licensed in 37 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.™” For more information about NFM Lending, visit www.nfmlending.com, like our Facebook page, or follow us on Instagram.
LINTHICUM, MD, April 19, 2019— NFM Lending is proud to announce that Jane Floyd, Branch Manager out of Tampa, FL, has been recognized as a Top 100 Originator for 2019 by National Association of Minority Mortgage Bankers of America (NAMMBA).
NAMMBA is a national trade association dedicated to the enrichment and betterment of minorities and women who work in the mortgage industry. Each year they compile a list of the top 100 women and minority Mortgage Loan Originators (MLOs) in the nation and rank them in two categories, number of loans and total volume. Nominees must be women or minorities who originate loans with an active NMLS number and is required to provide a letter from their sales manager, confirming dollar volume and total units for 2018.
“Congrats to our Superstar Jane Floyd for being honored on this list of top originators.” said David Silverman, CEO of NFM Lending. “Jane is an exceptional leader with an amazing work ethic, and we feel fortunate to have her on OUR team!”
Floyd is featured in the NAMMBA Top 100 March issue of National Mortgage Professional Magazine, both in print and online. She ranked in the Volume category, with over $89 million dollars for 2018.
NFM Lending is proud of Floyd’s accomplishments and wishes her continued success.
For more information, please contact:
Jane Floyd
Branch Manager
NMLS #327235
Phone: 813-961-3900
jfloyd@nfmlending.com
https://nfmlending.com/jfloyd
About NFM Lending
NFM Lending is a mortgage lending company currently licensed in 37 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.™” For more information about NFM Lending, visit www.nfmlending.com, like our Facebook page, or follow us on Instagram.
LINTHICUM, MD, April 16, 2019 — NFM Lending is proud to announce it was ranked as one of the 50 Best Companies to Work For by Mortgage Executive Magazine. This is the fifth time NFM Lending has been honored with this accolade.
Mortgage Executive Magazine conducted an extensive online survey of more than 10,000 Mortgage Loan Originators (MLOs) from over 200 mortgage companies and banks. The survey was limited to licensed MLOs who were presently employed by the companies they were rating. The survey asked participants to rate the company’s culture, loan processing, underwriting, compensation, management, marketing, and technology. The winning selections were based on average rating and total MLO votes. NFM Lending ranked #5 on the list with an average score of 4.97.
“It’s no surprise that our focus on company culture and the individual employee is the recipe for our success,” said Jan Ozga, President of NFM Lending. “We are successful because we have incredible employees… end of story. Culture is the main ingredient behind any thriving company that continues to grow – both in scale and in profit – year after year. Within the last 12 months, we’ve grown our workforce by 27% and our volume numbers have increased by over 35%; we expect that number to climb to 50% within a short period. Our employees have all the answers and all we need to do is listen intently and act as a team. For NFM, it’s not about the destination, it’s about making the most out of the journey. Before you can build great relationships with your customers, you need to build great relationships with the employees.”
NFM Lending prides itself on its exceptional culture. The company has an open-door policy which allows an open line of communication between management and staff. Employees are encouraged to voice their questions and concerns directly to management, so that they can be addressed promptly and correctly. In addition to a competitive salary and a comprehensive benefits package, NFM Lending Loan Originators receive ongoing support and assistance from qualified support and operations staff, and opportunities for trips and giveaways.
NFM Lending has been recognized many times for its exceptional company culture. In 2018 alone, it was named one of The Baltimore Sun’s Top Work Places in the Baltimore Area for the seventh consecutive year; one of the Washington Post’s Top Work Places in the Washington, D.C. area for the fourth year in a row; and a Top Mortgage Employer by National Mortgage Professional Magazine for the fourth time. NFM Lending is proud of each member of its team, and the work they do to make NFM a Top Workplace.
NFM Lending is a mortgage lending company currently licensed in 37 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.™” For more information about NFM Lending, visit www.nfmlending.com, like our Facebook page, or follow us on Instagram.
LINTHICUM, MD, April 11, 2019 — NFM Lending is proud to announce three of its loan originators, Jane Floyd, Daniel Sa, and Jessica Uphoff, have been ranked on the Scotsman Guide’s Top Originators 2018 lists.
Each year, Scotsman Guide recognizes the nation’s top producing mortgage loan originators. Originators can be ranked in any of ten categories, including Top Dollar Volume, Most Loans Closed, and Top Purchase Volume. Each set of rankings is thoroughly audited, making Scotsman Guide the mortgage industry’s “most intensely reviewed, accurate and substantiated rankings of its kind.”
Jane Floyd, out of Tampa, FL, made both Top Dollar Volume and Most Loans Closed categories. She ranked #171 out of 500 in Top Dollar Volume and #127 out of 300 for Most Loans Closed. Daniel Sa, out of Columbus, OH, also made both Top Dollar Volume and Most Loans Closed categories. He ranked #318 out of 500 in Top Dollar Volume and #84 out of 300 for Most Loans Closed. Jessica Uphoff, out of Westminster, CO, made the Top Dollar Volume category; she ranked #273 out of 500.
“NFM is incredibly fortunate to have such high-caliber mortgage loan originators within our company,” said Jan Ozga, President of NFM Lending. “Jane, Jessica, and Daniel take their customer service commitments on their mortgage production to a whole new level. They are skilled professionals who continue to reset the gold standard for both loan originators in the NFM Family and the mortgage industry in general.”
Over 4,500 Originators applied for consideration, with only 670 making the ranks. To be considered for the rankings, entrants must either have had at least $30 million in loan volume, or personally closed 100 home loans in the 2018 calendar year. Floyd had over $89 million in loan volume and closed 330 loans in 2018. Sa had over $72 million in loan volume and closed 381 loans. Uphoff had over $76 million in loan volume.
NFM Lending is proud of these loan originators’ achievements and wishes them continued success.
Jane Floyd • Branch Manager, NMLS #327235 • www.nfmlending.com/jfloyd
Daniel Sa • Sr. VP of Retail & Regional Manager for Ohio, NMLS #173224 • www.nfmlending.com/dsa
Jessica Uphoff • Branch Manager, NMLS #174999 • www.nfmlending.com/juphoff
NFM Lending is a mortgage lending company currently licensed in 37 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.™” For more information about NFM Lending, visit www.nfmlending.com, like our Facebook page, or follow us on Instagram.
LINTHICUM, MD, April 8, 2019— NFM Lending is proud to be the presenting sponsor for the Live, Laugh, Lunch Annual Luncheon on April 11, 2019. This event will benefit JAFCO (Jewish Adoption and Family Care Options), a 501(c)(3) non-profit organization.
The Live, Laugh, Lunch Luncheon will take place at the Jungle Island Bloom Ballroom in Miami, FL. JAFCO’s mission is to care for abused and neglected children and those with developmental disabilities in the Jewish community, and to work in partnership with families and the entire community… giving every child a place to belong.
“I have seen firsthand the work that JAFCO is doing to support the children in our communities,” said David Silverman, CEO of NFM Lending. “The high-quality services and unique programs provided to children with special needs and in vulnerable situations are awe-inspiring. For NFM, it’s the prefect partnership. In fact, the “C” in our NFM C.A.R.E.S. project stands for “children” because we are focused on improving the lives of children; a cause we feel has the greatest impact in neighborhoods we serve.”
JAFCO provides many high-quality services including adoption, foster care, group home, emergency shelter, family preservation, independent living and developmental disability programs in Sunrise, Florida and a Northeast expansion office in Philadelphia. NFM Lending is proud to support JAFCO and looks forward to working with such an incredible organization.
About NFM Lending
NFM Lending is a mortgage lending company currently licensed in 37 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.™” For more information about NFM Lending, visit www.nfmlending.com, like our Facebook page, or follow us on Instagram.
LINTHICUM, MD, April 1, 2019— NFM Lending is pleased to honor Chief Petty Officer Bernard Kwiatkowski as the NFM Salute for April 2019.
CPO Kwiatkowski served in the U.S. Navy during World War II in the Atlantic and Pacific theaters. During his tours of duty, he was stationed in England, North Africa, and the South Pacific on the USS LST 21.
CPO Kwiatkowski’s service awards include: American Campaign Medal, Europe-African-Middle Eastern Campaign Medal with 2 Stars, Asiatic-Pacific Campaign Medal with Star, Philippine Liberation Ribbon, Occupation of Japan, China Service Medal.
CPO Kwiatkowski was nominated by his granddaughter, Taylor Kwiatkowski.
“My grandfather, we call him Pop, is a 97-year-old WWII vet who served in the Navy for 4 years. He has so many amazing/inspiring/interesting stories from his time in the service, but my favorite is how he met my Nanny while in England. They were married for 71 years before she sadly passed away 2 years ago. My Pop still tells all his stories and is proud to show off his medals and other memories he has from his time in the service – even at 97 he can still recall so many little details. He really is an incredible man and we are proud to call him our grandfather!”
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 biography and information about his or her service, and NFM Lending will make a $1,000 donation to a military or Veteran non-profit in the Salute’s name.
Selected NFM Salutes may choose from one of the following three non-profits: Platoon 22, AnySoldier, and the Gary Sinise Foundation. CPO Kwiatkowski chose the Gary Sinise Foundation to receive this month’s donation. NFM looks forward to the opportunity to continue to honor military and Veterans through the NFM Salute initiative.
About NFM Lending
NFM Lending is a mortgage lending company currently licensed in 37 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.™” For more information about NFM Lending, visit www.nfmlending.com, like our Facebook page, or follow us on Twitter.