Kelsey Trumbull, Author at NFM Lending

LINTHICUM, MD, April 1 , 2019 — NFM Lending is proud to announce two industry leaders, brothers Jay and Carl Delmont, will lead their new division, Freedmont Mortgage® Group, based in Hunt Valley, MD. Under Delmonts’ leadership, who both have over 25 years of industry experience, Freedmont will further expand NFM Lending’s top-of-mind approach to customer service and capabilities through a continued focus on technology, company culture, and the personal touch in home lending.

“Growth is defined as an increase in value,” said Jay Delmont, Division President. “A key component of our decision to seek out a new partner was the opportunity for growth, which NFM brings to the table. The scope of tech that NFM provides will empower us to greatly increase the value we can bring to our clients and that was paramount for us.”

“NFM has clearly hired the best people in the market for all their home office department heads and staff,” added Carl Delmont, Executive Vice President. “The sense that everyone at NFM is there to take service to the next level and also truly love their jobs just hits you as soon as you walk in the door. That’s the culture everyone in the industry may strive for, but NFM achieves and then some!”

The division’s goal is to continue to provide the same commitment and dedication to borrowers, ranging from first time homebuyers to seasoned buyers looking for their next home, a second home, or investment properties.

“It’s an honor to be working with brothers Jay and Carl Delmont,” said Jan Ozga, President of NFM Lending. “We have admired their 25+ year commitment to our great industry for quite some time now. Both are proven leaders who are perfect cultural fits to our team. They will add a new dimension to our rapidly growing company and bolster our local presence.”

Freedmont Mortgage® Group is currently seeking qualified Mortgage Loan Originators for full and part-time positions.

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, March 29, 2019— NFM Lending is proud to sponsor the Ronald McDonald House Charities Maryland’s (RMHCMD) 8^th annual Red Shoe Shuffle 5k Run and Walk. The event will take place on Sunday, April 7, 2019.

Each year, a group of NFM Lending employees and their family members participate in the Shuffle, either as runners, or as volunteers. This will be NFM Lending’s eighth consecutive year sponsoring this event.

The Ronald McDonald House Charities Maryland is an organization that provides a cost-free ‘home away from home’ for seriously ill children and their families while undergoing treatment. They also work with and help fund programs in the local area that directly improve the well-being of children. Since 1982, the RMHCB has housed more than 35,000 families from not only around the country, but the world. Money raised from events like the Red Shoe Shuffle have provided RMHCMD the means to build a larger facility to increase the number of families they are able to house every day. According to their website, “The new House will serve approximately 55 families daily and 2,200 families annually.” The new house will open later this spring.

“This is the eighth year in a row that NFM Lending has been a sponsor of the Red Shoe Shuffle,” said Gene DiPaula, Director of Marketing and Public Relations at NFM Lending. “We are so honored to be closely tied to the work Ronald McDonald House does with the children and families in Baltimore communities and throughout the country. You can tell from the faces of the people we meet at the event, that this work is making a tremendous impact. And we love it – not only because NFM is a corporate sponsor – but our employees are so excited to walk or run in the race. They tell us how much they enjoy making a difference in their community through this great philanthropic organization.”

Has your home gotten a little too cluttered? Use these quick home organizing tips to utilize your space and have your home looking its best.

So, you’ve decided you want to buy a fixer-upper. Homes that require a little bit of TLC are a great choice as there is typically less competition in the housing market. However, they aren’t for the faint of heart. These homes require more time spent planning and usually a bit more work. If you’re up for the challenge, you will most likely discover plenty of benefits. Let us get you on the road to homeownership by answering your first question: what is an FHA 203(K) rehab loan?

The FHA 203(K) rehab loan (also known as a renovation loan) allows a qualified borrower to purchase or refinance a home and finance renovations with a single loan. The convenience of this single loan removes the frustration and stress of having to apply for multiple loans.

The cost of renovations/repairs are 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:

This program allows you 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 you from the home for more than 15 days. If the house will be vacant for longer than 15 days, a 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 you 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. You 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, you 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 203(K) specialist.

All loans require the use of a licensed contractor. Any repairs including the cost, materials used, scope of work, etc., should be completely decided upon prior to closing. You cannot act as your own contractor, and you cannot be related to the contractor. The contractor must be licensed and insured as a home improvement contractor and/or specialty contractor in the state or local jurisdiction where the work is being done. Choosing the right contractor is crucial to making sure that there are no issues after the work begins. It’s very important to obtain the contractors credentials up front and present them to NFM Lending for review as soon as possible.

While choosing to purchase a home that needs renovations isn’t as easy, it does provide several benefits. You’ll face less competition while purchasing and you’ll have higher equity then you would when buying a move-in ready home. If you’re ready to achieve your dreams of homeownership, include an FHA 203(K) rehab loan when considering your options.

LINTHICUM, MD, March 8, 2019— NFM Lending is pleased to honor Sergeant Major Nancy Ainsworth, USMC, Ret. as the NFM Salute for March 2019.

SgtMaj Ainsworth served on active duty in the Marine Corps from Dec. 1981 through Aug. 2007. She attended boot camp in January and February 1982. She recalls, “Back then, women did not qualify with the service rifle! We also received classes on how to properly wear makeup. I believe after I left boot camp, I never wore makeup again!”

Her first duty station was on the island of Okinawa, Japan. She met her husband while in Okinawa and they were married the following year by the Justice of Peace in Jacksonville, NC, over 35 years ago. Together they were stationed on Camp Lejeune from 1983 to 1986. Both were meritoriously promoted to Sergeant on the same day. They received orders to Parris Island, SC to be drill instructors in 1986 and were both meritoriously promoted to Staff Sergeant while serving there. They transferred back to Camp Lejeune together in 1989 and had their first son, RJ, in 1990.

SgtMaj Ainsworth received orders back to Okinawa in 1991 when RJ was just nine months old. She took RJ with her and spent a year on Okinawa while her husband prepared to deploy with his unit. She returned to Camp Lejeune in 1992 and had her second son, Charlie, that year. She was promoted to Gunnery Sgt in 1993 and received orders to Headquarters Marine Corps in Arlington, VA in 1994 – the same year her husband was medically retired from the Marine Corps. SgtMaj Ainsworth served at Headquarters Marine Corps for two years until she was selected to go to college on the Staff NCO degree completion program. She attended Campbell University from 1996-1998, graduating with a BS degree in Psychology. While completing her degree, she was selected to the rank of First Sergeant. SgtMaj Ainsworth served at the Marine Corps’ School of Infantry, Marine Combat Training Battalion from 1999 to 2001. She was promoted to Sergeant Major in 2001. While a Sergeant Major, she deployed to Kuwait in support of Operation Iraqi Freedom in 2003 and to Iraq in 2005. Upon return from Iraq, she became the Sergeant Major of Marine Corps Combat Service Support Schools, Camp Johnson, NC. She retired as a Sergeant Major in 2007.

SgtMaj Ainsworth’s service awards include: Legion of Merit, Combat Action Ribbon, Navy and Marine Corps Commendation Medal (3d awd), Meritorious Service Medal, Navy and Marine Corps Achievement Medal, Iraq Campaign Medal, Sea Service Deployment ribbon (3d awd), Global War on Terrorism Expeditionary Medal, National Defense Service Medal (2d awd), Navy Meritorious Unit Commendation (2d awd), Navy Unit Commendation (3d awd), and Marine Corps Good Conduct Medal (7th awd).

Upon retirement from the Marine Corps, SgtMaj Ainsworth began working for the Marine Corps Engineer School as a contractor. She has been working as the Operations Chief for the Defeat the Device Branch, Counter- Improvised Explosive Device, Mobile Training Cadre for nearly 12 years. She believes it was the perfect transition from the Marine Corps.

“My sister, Nancy, had an amazing career in the Marine Corps. She retired at the rank of Sergeant Major – the highest enlisted rank one could achieve – after 26 years of active duty service. Nancy achieved what very few Marines achieve and what only a handful of female Marines achieve. She has earned the respect of many!”

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. SgtMaj Ainsworth chose the Gary Sinise Foundation to receive this month’s donation. Explaining her decision, she stated, “This foundation supports and honors active duty military, veterans, as well as first responders. My son is a Raleigh, NC police officer. He was recently critically injured in the line of duty and is recovering at the Wake Med Hospital in Raleigh. A donation to the Gary Sinise Foundation would not only recognize my service but also the service of my son, whose job as a police officer seems exponentially more dangerous than my 25+ years in the Marine Corps!”

NFM looks forward to the opportunity to continue to honor military and Veterans through the NFM Salute initiative.

LINTHICUM, MD, February 26, 2019 — NFM Lending is proud to announce ten NFM Lending Loan Originators have been ranked as the “Top 1% Mortgage Originators in America 2018” by Mortgage Executive Magazine.

Each year, Mortgage Executive Magazine compiles a list of the nation’s Top Mortgage Originators. This list recognizes and celebrates leading mortgage professionals on their service, hard work, and overall dedication to servicing their clients. A minimum of $30 million in personal production is required to be eligible for the honor.

“It’s amazing to work alongside such a talented and dedicated group of mortgage sales professionals,” said Jan Ozga, President of NFM Lending. “We often highlight these folks company-wide and share their keys to success with others. It’s a privilege to watch each of them show others why they continue to be the gold standard – not just at NFM – but across the entire mortgage industry. Congratulations.”

Daniel Sa • Sr. VP of Retail & Regional Manager for Ohio, NMLS #173224 • www.nfmlending.com/dsa

In addition to being in the Top 1%, Jane Floyd out of NFM’s Tampa Bay office also ranked in the Top 200. She ranked #119 with over $89 million dollars in home loan volume for 2018.

“I am so proud of our Jane Floyd and her amazing team at NFM,” said David Silverman, CEO of NFM Lending. “She continues to amaze her clients and referral partners year after year because she cares and creates value for them. It’s no surprise she has made this list of top producers again and we are grateful she is a big positive link in the NFM family chain.”

NFM Lending is proud of these Loan Originators’ achievements and wishes them continued success.

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 and this year is celebrating its 20^th Anniversary. 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.

Are you ready to purchase your first home? The homebuying process can get overwhelming, especially when considering all your financing options. While there are several mortgage options available, these are the top loan products for first-time homebuyers.

A conventional, or conforming, loan is not insured or guaranteed by the federal government. This loan option adheres to guidelines set by Fannie Mae and Freddie Mac. With this loan, you can choose between a 15 or 30-year term, with a fixed or adjustable interest rate. Conventional loans are typically used by borrowers with good/great credit and typically require a higher income.

An FHA (Federal Housing Administration) is a government-insured loan. This loan is popular among first-time homebuyers because of their low minimum down payment. This loan requires only a 3.5% minimum, which is much lower than other loan options. You might also pay fewer closing costs.

VA loans are guaranteed by the United States Department of Veterans Affairs for eligible American Veterans and active duty service members. These loans were designed to guarantee service members a federally funded home with their no down payment requirement and up to 100% financing. Information on eligibility for VA loans can be found on the VA website.

Purchasing your first home is a huge milestone. Having a qualified mortgage professional by your side to help you choose the right loan option will ensure a smooth homebuying experience. Let them help you start the homebuying process by getting pre-approved today!

LINTHICUM, MD, February 15, 2019— NFM Lending is proud to announce that it was named a Top Mortgage Industry Employer by National Mortgage Professional Magazine. This is the fourth time NFM Lending has received this honor.

Each year, National Mortgage Professional Magazine distributes a survey to employees of mortgage industry workplaces. The survey analyzes a variety of factors that employees find most important, including compensation, management, training resources, and company culture.

NFM Lending prides itself on its exceptional culture. The company fills their work environment with encouragement and teamwork, building a positive workplace that rewards both commitment and performance. Employees are encouraged to voice their questions and concerns directly to management, so they can be addressed promptly and correctly. Managers often surprise staff members for their birthdays, and the company holds contests, holiday celebrations, and other initiatives to encourage collaboration and show employees their appreciation.

“It’s a great honor to have been named a Top Mortgage Employer,” said Jan Ozga, President of NFM Lending. “It’s not only a testament to how great our culture is, but also to how well we work together as a team. What makes NFM special is our ability to listen to our 475+ team members that span across the country; we actually take action on their countless suggestions to make NFM better. The difference between us and other companies is that we’ll never lose focus on improving our team members’ experience. If you want to improve your customer experience, you must start with improving the experience of your employees.”

In addition to this most recent award, NFM Lending has been recognized many times for its exceptional company culture. These awards include: ‘50 Best Companies to Work For’ and ‘Top 100 Mortgage Companies’ by Mortgage Executive Magazine; ‘Top Work Places’ by The Washington Post; and ‘Top Work Places’ by 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 and this year is celebrating its 20th anniversary. 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.

LINTHICUM, MD, February 6, 2019— NFM Lending is pleased to honor Private Nicolas Alvarez as the NFM Salute for February 2019.

Upon graduation from high school, Pvt. Alvarez enlisted in the United States Marine Corps. He recently graduated from boot camp at the Marine Corps Recruit Depot at Parris Island, South Carolina. Pvt. Alvarez is currently attending military training camp at Camp Geiger in Jacksonville, NC. From there, he will proceed to the Marine Corps Communication-Electronics School in Twentynine Palms, California.

“It was a surprise when Nicolas shared his interest in joining the Marines. To be truly honest, I did not want this path for him. The thought of him being part of the U.S. military never even crossed my mind. As both a teenaged and single mother, it makes me immensely proud to see my son not only become part of something bigger than him, but also accomplish the mental toughness the Marines training requires. Today, I am a proud mom of a U.S. Marine and I look forward to what the future holds for him. I have no doubt that he can accomplish anything he puts his mind to.”

Selected NFM Salutes may choose from one of the following three non-profits: Platoon 22, AnySoldier, and the Gary Sinise Foundation. Pvt. Alvarez chose Any Soldier to receive this month’s donation. 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 35 states in the U.S. The company was founded in Baltimore, Maryland in 1998 and this year is celebrating its 20th anniversary. 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.

Buying a home is one of the most significant financial decisions you will make in your life. In order to make an informed decision, doing some research for each step of the process can help ensure a smooth transaction. Here are the 6 basic steps needed to purchase a home.

It is important to get pre-qualified so that you will know what you can afford, what you will qualify for, and what types of homes you should be looking at. Pre-qualification allows you to enter the home buying process prepared. It makes your home search more efficient and ensures that when it comes time to make an offer on a home, you are ready.

Conventional? FHA? USDA? VA? 203K? Find the best loan for you based on your personal financial situation, how long you plan to live in your home, how quickly you plan on paying your mortgage back, etc.

It’s finally time to begin your home search. This may be the most exciting part of the process, and it can be easy to get caught up in that excitement. It’s important to make this decision carefully, consider your options, and to work with knowledgeable professionals who can help you make the best choice.

This is the time to assemble and submit all your financial information and documentation to your lender for evaluation. Once you signed a contract, contact your Loan Originator to submit your loan. They are there to help you figure out what documentation you need to provide, and ask you questions about your financing so that you can submit the best possible loan application.

Once you apply for a home loan, your Mortgage Loan Originator will submit all your documentation to processing, and from there, your loan will be sent to underwriting. Processing will order a title search to make sure that the seller has legal rights to the property and schedule an appraisal to determine the value of the property. From there, your loan will be sent to Underwriting where it will be determined if the loan is a good fit. A clear-to-close (CTC) will be issued if approved.

At closing, all the necessary paperwork is presented and signed by both the sellers and the buyers, the title of the property is transferred, and all the documents are recorded. Congratulations, you are officially a homeowner!

Homeownership is a rewarding achievement. The home buying process may present challenges but having qualified mortgage professionals by your side can make all the difference. If you have any questions about the home buying process, contact one of our licensed Mortgage Loan Originators. If you are ready to buy a home, click here to get started!

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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.
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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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