Charles Ferraro, President of William Raveis Mortgage, LLC, has recently announced that William Raveis Mortgage is ranked in the top 1% of all FHA lenders in the United States. The ranking is based on the US Department of Housing & Urban Development, compare ratio statistics.
The mortgage company, which has been operating since 1984, received this honor as a result of the company’s long-time ethical, responsible lending policies especially during a time when many other lenders were drawn into exotic mortgage loans that led to the recent housing recession.
According to Mr. Ferraro, the top ranking status ultimately benefits the company’s home buying customers. “Our ranking not only gives us the ability to offer great FHA rates to our customers but also allows us the ability to launch new products that are largely unavailable to other lenders,” he said. Products include mortgage loans with 97% conventional financing on single family purchases and 95% conventional financing on purchase and rate/term refinances on single family properties and condominiums with conventional financing, both with private mortgage insurance.
An additional low financing benefit is also available to those looking for a second home. William Raveis Mortgage can provide up to 90% LTV conventional financing with private mortgage insurance. The maximum loan amount is $417,000 for these programs with low down payments and private mortgage insurance.
“If you are in the market to take advantage of great rates and good housing values,” stated Ferraro, “now is the time to maximize your purchasing power with William Raveis Mortgage, nationally recognized as a high quality low down payment lender.”
Since its establishment 26 years ago, William Raveis Mortgage LLC has closed more than $6 billion in mortgage loans. Its consistent performance is attributed to, experienced management team, the company’s diverse portfolio of lending partners, national pricing power, progressive technology for its loan officers, and sound underwriting approvals. The company is licensed in MA, CT, NH, RI, and NY.