Princeton Wholesale, a national wholesale mortgage lender serving 38 states and territories, is excited to support rural communities with the USDA product. USDA loans offer benefits, such as no down payment, competitive rates, lower monthly mortgage insurance, flexible credit guidelines, and many other favorable loan terms.
"The USDA product offers so many advantages to low- and moderate-income borrowers in rural communities. I am thrilled that we can offer this product to promote the way of life seen in these regions. Says Princeton Wholesale CEO Rich Weidel.
Princeton Wholesale adds USDA loans to a set of[CG1] offerings that includes Conventional, VA, and FHA loan products. USDA loans are available to borrowers struggling to accumulate the cash reserves customarily needed to get approved for a conventional loan and who are willing to live in a designated "rural area." To see if your property qualifies, click on this link to view the USDA interactive eligibility map.
Princeton Wholesale remains committed to giving borrowers the effortless mortgage experience. This is backed up by the Princeton Promise, which guarantees borrowers $1000 back at closing if they are not satisfied with their service for any reason.
They are also focused on alleviating the most significant pain points felt by Mortgage Brokers, such as loans being held up while they wait for an answer from underwriting. Operational efficiencies like Ask Underwriting make it easier for Broker Partners to get answers quickly and has led to close times faster than the industry average, according to Ellie Mae insights.
Princeton Wholesale has seen tremendous growth in a relatively short period. They were recently named as a top 25 wholesale lender in volume by Scotsman Guide and the 502nd fastest-growing privately held company in America according to the Inc. 5000.
Anyone interested in learning more or partnering with Princeton Wholesale should visit https://www.princetonwholesale.com/contact-us or call 855-525-8000.