Police Officer Mortgage

New Jersey and the residents who proudly call it home are widely known for standing up for what they believe in, never afraid to speak their mind and quick to confront issues head on. That has never been truer with the actions of a few but backed by many for an anti-drug teaching program that would be welcomed state wide if our local “Jersey Boys” had their way.

Saddle Brook Police Chief Robert Kugler, and other members of L.E.A.D. are getting help from Residential Home Funding Corporation. They donated $10,000 to Law Enforcement Against Drugs (L.E.A.D.) as “a pledge to (its) commitment in tackling the heroin epidemic gripping the local community and surrounding areas.”
“It is imperative to raise awareness of the heroin epidemic in Parsippany and donate to the necessary cause of fighting against drugs,” said Thomas Marinaro, president of RHFC, a 15-year-old correspondent mortgage banker.
Some probably remember the D.A.R.E. program of days past, and now L.E.A.D. is looking to fill the gap and take the next steps to combat this very serious issue facing our state and country.

Tom Marinaro proudly runs Mortgage of Champions which is part of his overall company Residential Home Funding. This specialized division focuses on home loans for police officers and law enforcement. They make it as easy as possible for the ones who serve and protect to get a police mortgage. So a long standing history of proudly offering Police officer home loans, the opportunity to work with L.E.A.D. was one Tom and the company jumped at.
Law enforcement home loans does have its advantages and rightly so with L.E.A.D. being a perfect example as to why.
There are two different types of present Police Officer mortgages available.

Police Officer Home Loans

Police Officer Mortgage

1) The special police mortgage program which is a no bank closing cost loan for all with proper documentation for the office and immediate family. This Law enforcement mortgage program can be for active or retired personnel.

2) A government pension loan. This police mortgage is for paid police in certain applicable states only.
Let us explain the difference between the two:
Champion and State.

1) The Champion: This is a No Bank Closing Cost Loan. The special Law enforcement mortgage program is a true no bank closing cost mortgage loan. When we say no bank closing costs, we mean every closing cost fee charged from the Mortgage Company will not be charged. You will still have to pay all third party fees (Such as an appraisal, title, Insurances, Credit, etc) as well as any interest due in association with your loan. This Mortgage for police officers is for Fannie Mae and FHA approved champion borrowers at a competitive interest rate. You must need to qualify and have a DU approval to be eligible for this loan.

2) A Government Pension loan: This is a retirement system Home loan for police officers. This loan is funded thru the state’s housing and mortgage finance departments. Beware there is verbiage on the state’s website that claims a potential tax implication of this type loan as well as high fees

We are proud to keep company with the members of the L.E.A.D. program and would urge you to get involved to help them anyway possible. Click this link to read the full article in the Daily Voice
Mortgage of champions would also welcome to return the service and help anyone looking for home loans for police officers and their family members. So if you are a police officer looking for a mortgage, have a colleague that needs assistance with one or a family member, there is no better care they will receive than here with us at Mortgage of Champions.

If you have questions or would like to get more information about mortgages for police officers and law enforcement personnel, please call us at (888) 886-5829.