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.

                    Click to enlarge visual 

Reintroducing Mortgage Insurance on Conventional (non-FHA) Loans

Ryan Raveis, Vice President of Sales and Marketing at William Raveis Mortgage, summarizes the new tax credit for home buyers and homeowners including eligibility, income limits, and program specifics.

John Grosso

“We’re extremely proud of John’s accomplishments”, said Ryan Raveis, Vice President of Sales. “Our goal is to provide world class service to our clients and business partners through ethical and responsible lending, delivered through efficient technology. This focus, coupled with our ability to lend directly to the consumer on behalf of over 30 national and local banks enables us to deliver low rates and a multitude of mortgage products to meet our clients’ personal and financial goals.”

John Grosso also outpaced the majority of his peers on the Mortgage Originators Top 200 List (April 2009) with the relative amount of business that he generates from purchase transactions, as opposed to refinances. “There is a premium on discipline and speed when dealing with purchase transactions,” said Raveis. “Especially within the volatile mortgage market of the past sixteen months, our clients and business partners depend on us to quickly arrange financing for their purchase closing. There are many more personal, financial, and emotional factors involved with a purchase transaction as compared to a refinance. While we continue to keep our clients abreast of savings opportunities after their closing through our relationship management systems, our focus on purchases has disciplined our speed and efficiency. However, be it a purchase or a refinance transaction, our overarching goal is simple: to continue to foster the culture that we’ve developed within our organization and deliver the best mortgage rates, product, and customer experience in the nation.”