Specialty Mortgages for Law Enforcement – FireFighters – Teachers – Doctors – Nurses – Military Personnel

Why do Law Enforcement Officers, Firefighters, Educators, Medical Personnel, EMTs, Military and other local Heros choose a Residential Home Funding Champion Loan over any other lender?

“We are proud to be partnering up with Jeff Rosen and RHF. Jeff brings a level of knowledge, professionalism and most importantly integrity to our organization. Our members trust Jeff and refer him to their brothers and sisters throughout all law enforcement.”

Jiles Shipp-President-N.O.B.L.E.-NJ and 2nd Vice President Nationally

NO CLOSING COSTS

A Champion Loan will have no typical bank closing costs such as application fees, processing fees, underwriting fees, commitment fees, origination fees, or credit report fees. Please keep in mind that there are third party fees such as an appraisal, attorney and title fees that would exist.

Great Rates

A Champion Loan HAS THE ABILITY TO OFFER a Fannie Mae, Freddie Mac and FHA insured loans to qualified borrowers.

Easier to qualify

Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify.

If you have less than perfect credit: You don’t have to have perfect credit to get a Champion Loan. In fact, even if you have had credit problems, such as a bankruptcy, it’s easier for you to qualify for a Champion Loan than a conventional loan.

What types of loans does The Champion Loan offer?

Fixed rate loans – Most Champion Loans are fixed-rate mortgages (loans). In a fixed rate mortgage, your interest rate stays the same during the whole life of the loan, normally 30 years. The advantage of a fixed-rate mortgage is that you always know exactly how much your monthly payment will be, and you can plan for it.

Adjustable rate loans – Most first-time homebuyers are a little stretched financially, so they want payments as low as possible at the beginning. With the Champion adjustable rate mortgage (ARM), the initial interest rate and monthly payments are low, but these may change during the life of the loan.

Purchase – Rehabilitation loans – Sometimes you might see a home you’d like to buy, but it needs a lot of work. The Champion Program has a loan for rehabilitating and repairing single-family properties called the 203(k) Rehabilitation Loan program through FHA. You can get just one mortgage loan which includes the mortgage and the cost of repairs combined. The mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work. The advantage of this loan is that you can buy a home that needs a lot of work, but you still have only one mortgage payment, and you can complete the repairs after buying the home.