First Time Home BuyerThe Home Purchase ExpertsSM

Presented By Tom PessemierVice President of Mortgage Lending

One of the Ten Largest Retail Mortgage Companies in the U.S.

• Founded in 2000 by President and CEO Victor Ciardelli

• Licensed in all 50 states and Washington D.C.

• Approximately 170 offices nationwide

• Nearly 2,600 employees companywide

Accolades• Mortgage Executive Magazine, February 2014

• Most Top 200 Originators nationally (35), Most Originators in the Top 1% in America (150)

• Scotsman Guide, 2013

• Ranked #1 in top retail volume, #2 in top overall volume and #3 in top volume gain on their Top Mortgage Lender list

• More Top 300 Loan Originators (30) work at Guaranteed Rate than at any other mortgage company

• Included on Chicago Tribune’s list of Chicago’s Top Workplaces three of the last four years

• Inc. Magazine’s 500/5000 List of the Fastest Growing Private Companies in the U.S. for the last six years

• President and CEO Victor Ciardelli named CEO of the Year for 2013 by Mortgage Executive Magazine a 2012 Ernst & Young Entrepreneur of the Year award winner

• Included on Crain’s Chicago Business list of the Fifty Fastest Growing Companies seven years running

• Our online application recently won the award for Best Digital Innovation at the 2013 Moxie Awards in Chicago

New GR Spokesperson – Ty Pennington

• Nationally recognized home design guru and host of Extreme Makeover: Home Edition

• Featured on guaranteedrate.com, Partner Xchange, and in our national advertising campaign, including print and TV

• Scheduled to appear at various events nationwide in 2014

How do your clients find the right mortgage?

Programs Available

• First Time Home Buyer Programs

• FHA, VA & USDA Loans

• Conventional Fixed & Adjustable Rate Mortgages

• Jumbo Loan Programs

FHA Loans

• Guaranteed Rate is a government approved FHA mortgage lender

• Lower down payment – only 3.5% required

• Gift funds OK for down payment 

• More flexible credit guidelines make it easier to

qualify

• Lower Minimum 640 FICO score, no income limits

• Non-Occupying co-borrowers allowed

• Not just for first-time home buyers

VA Loans

• ZERO down payment is required in most cases

• NO monthly Mortgage Insurance

• Relaxed credit standards

• NO income caps

• NO reserves required

• Flexible underwriting with expanded debt ratios• Seller or other parties may contribute up to 4% of the Veteran’s closing costs

USDA Loans

• 100% Financing

• 30 Year Fixed

• Property eligibility and income limits apply

• Minimum FICO score 640

Conventional & Jumbo Loan Programs

• Conventional Fixed & Adjustable Rate Mortgages:

– Single Family Home/ Condo – 5% Down Payment

(down payment on condo may vary by state) – LOANS UP TO $417,000 - loan limits vary by county, may be

higher in some areas

• Jumbo Loans – Fixed & Adjustable Rate Mortgages:

– Programs available from $417,001 up to $5,000,000

HomePath• Home Path provides financing for borrowers

purchasing a Fannie Mae-owned property

• Borrower benefits:

• Low down payment and flexible fixed rate mortgage terms

• You may qualify even if your credit is less than perfect

• Available for primary residence, second homes and investment properties

• Savings, gifts, grants etc. may be eligible sources of down payment

• No Mortgage Insurance

• No appraisal required

Home Possible

• Home Possible is a Freddie Mac program providing a low down payment option for homebuyers

• Discounted monthly mortgage insurance

• First-time buyers, move-up borrowers and retirees

• Fixed rate options available

• 1-4 unit primary residences, condos and PUDs

• Borrowers can now get pre-approved and locked into a rate while they are still house hunting.

• Lock in a rate for 55, 70 or 85 days while shopping for a property before signing a purchase contract

• Option to renegotiate rate if rates go down

• All property and occupancy types

• Conventional fixed rate (Fannie Mae and Freddie Mac)

• FHA and VA fixed rate

• 15, 20 and 30-year products

Lock ‘n’ Roll – Exclusive New Program

What is a Pre-Approval?

• A pre-approval is a complete loan application which is completed by the loan officer and the buyer.

• Loan officer will run the buyer’s credit and review their pay stubs and bank statements to verify income and assets.

• Once the loan officer verifies the buyers credit, income, and assets the loan officer will review programs available to meet the buyers financial needs.

• Loan officer will select the best mortgage option for buyer and then submit the file to Fannie Mae’s automated underwriting system for a loan decision.

• Once an approval is received from the automated underwriting system, the loan officer will prepare a pre-approval letter for the agent.

Why is a Pre-Approval Letter Important?

• A pre-approval letter is a letter which identifies the loan terms the buyer has been pre-approved with…this includes the following:• Purchase Price/Loan Amount/Rate/Loan To

Value• Validates the borrowers ability to qualify for a

mortgage

Convenient Online Application

 Easy to use consumer friendly online application:

1. Choose a rate 2. Free credit report3. Instant approval with

Freddie Mac’s AUS4. Check loan status

24/75. Print a pre-approval

letter

Lender’s Role • Takes Application

• Locks Loan

• Orders Appraisal

• Collects income/asset docs

• Collects contract

• Collects condo docs (Decs/Bylaws/Budget/Condo Questionnaire)

• Obtains Title and COI from Sellers’ Attorney

• Submits File To Underwriting

• Issues Commitment Letter with Conditions

• Collects all outstanding conditions and resubmits

• Issues commitment letter with Clear to Close

• Keeps all parties updated throughout the process

Free Informative eBooks

www.guaranteedrate.com/agent

Loan Status MonitorOnline ApplicationCustomized Property FlyersEnjoy MagazineReal Estate Coaching SeriesWidgets for WebsitesSocial MediaeBooks

Create Your Free Account

Partner Xchange website adds value

from start to finish

• Initiate new business

• Help execute the deal

• Keep clients informed of the loan process

• Maintain relationships

Want to learn more? partnerxchange@guaranteedrate.com

Enjoy Magazine

Monthly, digital, personalized to send to your clients.

Custom Property Flyers

Create branded custom flyersat no cost.

Loan Status Monitor

Get real-time loan status updates.

Tom PessemierVice President of Mortgage Lending

O: 941.313.8148 M: 425.780.6374

Tom.pessemier@guaranteedrate.com

guaranteedrate.com/tompessemier

State Lic: FL-LO23120-MLD618, WA-MLO-117989 - CL-2611

Contact

NMLS (Nationwide Mortgage Licensing System) ID 2611 AL - Lic# 21566 AK - Lic#AK2611 AR - Lic#103947 - Guaranteed Rate, Inc. 3940 N Ravenswood, Chicago IL 60613 866-934-7283 AZ - Guaranteed Rate, Inc. - 14811 N. Kierland Blvd., Ste. 100, Scottsdale, AZ, 85254 Mortgage Banker License # BK-0907078 CA - Licensed by the Department of Business Oversight, Division of Corporations under the California Residential Mortgage Lending Act Lic #413-0699 CO - Guaranteed Rate, Inc. Regulated by the Division of Real Estate, 773-290-0505 CT - Lic #17196 DE - Lic # 9436 DC - Lic #MLB 2611 FL - Lic# MLD618 GA - Residential Mortgage Licensee #20973 - 3940 N. Ravenswood Ave., Chicago, IL 60613 HI - Lic#HI-2611 ID - Guaranteed Rate, Inc. Lic #MBL-5827 IL - Residential Mortgage Licensee – Illinois Department of Financial & Professional Regulation, 3940 N Ravenswood Ave, Chicago, IL 60613 MB.0005932 IN - Lic #11060 & #10332 IA - Lic #MBK-2005-0132 KS - Licensed Mortgage Company - Guaranteed Rate, Inc. - License #MC.0001530 KY - Mortgage Company Lic #MC20335 LA - Lic #RML2866 ME - Lic #SLM1302 MD - Lic #13181 MA - Guaranteed Rate, Inc. - Mortgage Lender & Mortgage Broker License MC 2611 MI - Lic #FR0018846 & SR0018847 MN - Lic #MO 20526478 MS - Guaranteed Rate, Inc. 3940 N. Ravenswood Ave., Chicago, IL 60613 - Mississippi Licensed Mortgage Company, Lic # 2611 MO - Guaranteed Rate Lic # 10-1744 MT - Lic# 2611 Licensed in NJ: Licensed Mortgage Banker - NJ Department of Banking & Insurance NE - Lic #1811 NV - Lic #3162 & 3161 NH - Guaranteed Rate, Inc. dba Guaranteed Rate of Delaware, licensed by the New Hampshire Banking Department - Lic # 13931-MB NM - Lic #01995 NY - Licensed Mortgage Banker - NYS Department of Financial Services- 3940 N Ravenswood, Chicago, IL 60613 Lic # B500887 NC - Lic #L-109803 ND - Lic #MB101818 OH - Lic #MBMB.850069.000 & Lic #SM.501367.000 - 3940 N. Ravenswood Ave., Chicago, IL 60613 OK - Lic # MB001713 OR - Lic #ML-3836 - 3940 N. Ravenswood Ave., Chicago, IL 60613 PA - Licensed by the Pennsylvania Department of Banking and Securities Lic #20371 RI - Rhode Island Licensed Lender Lic # 20102682LL, RI - Rhode Island Licensed Loan Broker Lic # 20102681LB SC - Lic #-2611 SD - Lic# ML.04997 TN - Lic #109179 TX - Lic # 50426 & Lic # 47207 UT - Lic #7495184 VT - Lic #LL6100 & MB930 VA - Guaranteed Rate, Inc. - Licensed by Virginia State Corporation Commission, License # MC-3769 WA - Lic #CL-2611 WI - Lic #27394BA & 2611BR WV - Lic #ML-30469 & MB-30098 WY - Lic#2247