{"id":109961,"date":"2024-03-14T07:00:15","date_gmt":"2024-03-14T11:00:15","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=109961"},"modified":"2024-03-13T18:43:43","modified_gmt":"2024-03-13T22:43:43","slug":"click-n-close-announces-one-time-close-program-to-address-home-buyer-challenges-in-rural-america","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/click-n-close-announces-one-time-close-program-to-address-home-buyer-challenges-in-rural-america\/","title":{"rendered":"Click n&#8217; Close Announces One-Time Close Program to Address Home Buyer Challenges in Rural America"},"content":{"rendered":"<p>ADDISON, Texas, March 14, 2024 (SEND2PRESS NEWSWIRE) &#8212; Click n\u2019 Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced its latest mortgage product, One-Time Close (OTC) loan programs for government-insured mortgage products. This product is designed to aid homebuyers in rural America with down payment assistance, with availability in select markets.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.send2press.com\/wire\/images\/23-0214-s2p-click-n-close-800x600.jpg\" alt=\"Click n&#039; Close, Inc.\" width=\"800\" height=\"600\" class=\"alignnone size-full wp-image-88609\" srcset=\"https:\/\/www.send2press.com\/wire\/images\/23-0214-s2p-click-n-close-800x600.jpg 800w, https:\/\/www.send2press.com\/wire\/images\/23-0214-s2p-click-n-close-800x600-400x300.jpg 400w, https:\/\/www.send2press.com\/wire\/images\/23-0214-s2p-click-n-close-800x600-200x150.jpg 200w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/><em>Image caption: Click n&#8217; Close.<\/em><\/p>\n<p>\u201cGiven current market conditions, affordability is the number one challenge among potential homebuyers,\u201d said Click n\u2019 Close Owner and CEO Jeff Bode. \u201cAs prospective borrowers venture further out from cities and traditional suburban markets, Click n\u2019 Close stands as a resource, providing powerful financing tools for both wholesale lenders and borrowers to make homeownership possible.\u201d<\/p>\n<p>Click n\u2019 Close\u2019s OTC program offers 100% loan-to-value (LTV)\u00a0financing covering land, construction and closing costs, with no down payment or minimum investment required\u00a0and\u00a0the ability to\u00a0finance\u00a0the 1% USDA Guarantee Fee up to 101% LTV.<\/p>\n<p><em>Other product features include:<\/em><\/p>\n<ul>\n<li>Flexible debt-to-income ratios;<\/li>\n<li>Eligibility for credit scores of 640 and above;<\/li>\n<li>No prepayment penalties;<\/li>\n<li>First-time homebuyer eligibility;<\/li>\n<li>Absence of required reserves;<\/li>\n<li>Seller\/builder concessions up to 6%;<\/li>\n<li>Utilization of eligible gifts for closing costs; and<\/li>\n<li>Contingency account financing up to 10%.<\/li>\n<\/ul>\n<p>To learn more about Click n\u2019 Close\u2019s wholesale team and check availability in your market, reach out to\u00a0<a href=\"mailto:soliman.martinez@clicknclose.com?subject=DPA%20for%20All%20(Chrisman)\">Soliman Martinez<\/a>,\u00a0<a href=\"mailto:adam.rieke@clicknclose.com?subject=DPA%20for%20All(Chrisman)\">Adam Rieke<\/a>\u00a0or\u00a0<a href=\"mailto:kerry.webb@clicknclose.com?subject=DPA%20for%20All%20(Chrisman)\">Kerry Webb<\/a>. For existing clients, contact your Click n\u2019 Close account executive to learn more.<\/p>\n<p><strong>About Click\u2019 n\u2019 Close, Inc.:<\/strong><\/p>\n<p>Click \u2018n\u2019 Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation\u2019s leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click\u2019 n\u2019 Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.<\/p>\n<p>Combining this culture of innovation with a risk management mindset enables Click\u2019 n\u2019 Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click\u2019 n\u2019 Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click\u2019 n\u2019 Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.<\/p>\n<p>Learn more at <a href=\"https:\/\/www.clicknclose.com\/\">https:\/\/www.clicknclose.com\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADDISON, Texas, March 14, 2024 (SEND2PRESS NEWSWIRE) &#8212; Click n&#8217; Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced its latest mortgage product, One-Time Close (OTC) loan programs for government-insured mortgage products. This product is designed to aid homebuyers in rural America with down payment assistance, with availability in select markets.<\/p>\n","protected":false},"author":9356,"featured_media":88609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,1,38,216,55],"tags":[205,19940,19939],"class_list":["post-109961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-business-news","category-finance-news","category-real-estate-news","category-texas-news","tag-depthpr","tag-government-insured-mortgage-products","tag-one-time-close-loans","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":4086,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/109961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9356"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=109961"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/109961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/88609"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=109961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=109961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=109961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}