Click n’ Close Launches Exclusive SmartBuy Loan Suite to Provide Low- and Middle-Income Homebuyers with More Affordable Mortgage Options

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ADDISON, Texas, Nov. 2, 2022 (SEND2PRESS NEWSWIRE) — Click n’ Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announces that it has launched SmartBuy, a suite of loan programs designed to give low-to-middle-income (LMI) homebuyers an edge in today’s high mortgage interest rate environment. These programs offer Down Payment Assistance (PAD) to help borrowers reduce their initial down payment as well as their monthly payment amounts by utilizing Click n’ Close’s exclusive second privileges.

“With recent volatility in rates and house prices remaining at record highs, mutual funds need loan programs that are not only designed to help their borrowers meet today’s homeownership and housing challenges. affordability, but also varied enough to match borrowers’ preferences and circumstances,” said Click n’ Close Owner and CEO Jeff Bode. “With our SmartBuy program, CPOs can meet their borrowers where they are today and create a loan program that helps them achieve their goals.”

“For example, TPOs can combine a 2/1 seller-funded buyout with SmartBuy for more cash-conscious borrowers, allowing them to get a lower interest rate today, minimize their cash-to -close and postpone the repayment of the rate reduction to a later date.However, SmartBuy also offers a permanent redemption option which allows borrowers to benefit from a lower interest rate over the life of the loan and to maximize their long-term savings,” Bode added. “Whether it’s minimizing their cash flow at closing, dramatically reducing their monthly payments, or simply getting the lowest rate possible today, SmartBuy offers several options to help borrowers achieve their short- and long-term homeownership goals.”

SmartBuy is the latest in a series of unique loan products developed by Click n’ Close to help consumers and third party originators (TPOs) meet the challenges of today’s marketplace. Other innovations include its USDA one-time-closing construction loans, exclusive Down Payment Assistance (DPA) program, and eNote program for non-delegated correspondents.

For more information on SmartBuy or any of Click n’ Close’s innovative loan programs, contact Adam Rieke (Wholesale) at [email protected] or Julas Hollie (correspondent) at [email protected]

About Click n’ Close, Inc.:

Click n’ Close, Inc., formerly known as Mid America Mortgage, is a multistate mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation’s leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n’ Close has thrived by maintaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n’ Close to bring new products to market that address the challenges faced by both borrowers and third-party originators ( OPT). These innovations include its USDA single-closing 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 allow Click n’ Close to directly access the capital markets, thus ensuring maximum liquidity for its product innovations. By managing its loan programs in-house, Click n’ Close provides its wholesale and correspondent partners with an added level of certainty regarding the saleability of the loan and superior service to the borrower throughout the life of the loan.

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This press release has been issued on behalf of the source of the information (Click n’ Close Inc.) which is solely responsible for its accuracy, by Send2Press® Newswire. The information is believed to be accurate but not guaranteed. Story ID: 86398 APDF-R8.6

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