U.S. Department of Agriculture Names Guild Mortgage a Top Guaranteed Rural Housing Lender for 2023
12 Julho 2023 - 7:05AM
Business Wire
Mortgage lender honored for outstanding loan
origination, providing affordable homeownership opportunities that
improve the quality of life in rural areas
Guild Mortgage (NYSE: GHLD), a growth-oriented mortgage lending
company originating and servicing residential loans since 1960, was
recognized as a 2023 Top Guaranteed Rural Housing Lender in the
Loan Origination category by the U.S. Department of Agriculture.
Guild is the second largest originator of USDA loans
nationally.
Guild provides special financing opportunities to homebuyers who
live in or would like to purchase a primary residence in rural
areas as defined by USDA. These loans, also known as Rural
Development loans, are designed to assist rural families and
individuals with low-to-average income for their area. Through
these loans, USDA provides 100% financing with reduced mortgage
insurance premiums and below-market mortgage rates to help open the
door to homeownership for rural Americans.
“One of the many advantages of this government-backed loan is
that it requires no down payment, which can help low-to-moderate
income homebuyers overcome one of the most common hurdles to
purchasing a home, which in turn helps provide stability for
families and strengthens our rural communities,” said David
Battany, EVP of capital markets, Guild Mortgage. “While these loans
are designed to assist homebuyers in rural areas, the USDA
considers most of the country, including some suburban areas, as
qualified rural areas. Guild remains dedicated to homebuyers who
live or would like to live in rural areas and beyond, working with
each of our customers to find the best solution for them.”
Battany, who spoke to the United States Senate Committee on
Banking, Housing and Urban Affairs in September 2022, urged
policymakers to advance rural housing lending by addressing
workflow, technology, and loan products.
“The rural market is constrained by limited housing supply, much
of which is aging single-family housing,” said Battany. “Although
small relative to the scale of the multi-trillion-dollar mortgage
market, rural housing loans are meaningful lifelines to economic
security for the individuals they help and the communities they
bolster.”
For more information about USDA rural housing eligibility and
requirements, visit:
guildmortgage.com/mortgage-loans/usda-loan/.
Headquartered in San Diego, Guild Mortgage is a leading national
lender with an established history of offering a comprehensive
array of loan products and partnering with government organizations
to help deliver the promise of home in every neighborhood and
community. Its loan professionals can serve the needs of any
homebuyer, from helping first-time buyers achieve homeownership,
often through government loan programs, to homebuyers looking for a
jumbo loan. Guild also helps active duty and retired military
personnel who qualify for VA loans with 100% financing and flexible
qualifying standards. The company is consistently recognized for
its impact in the communities it serves, commitment to customer
service, strength in regulatory compliance, and workplace
culture.
About Guild Mortgage
Founded in 1960 when the modern U.S. mortgage industry was just
forming, Guild Mortgage Company is a nationally recognized
independent mortgage lender providing residential mortgage products
and local in-house origination and servicing. Guild’s collaborative
culture and commitment to diversity and inclusion enable it to
deliver a personalized experience for each customer. With more than
4,000 employees and over 300 retail branches, Guild has
relationships with credit unions, community banks, and other
financial institutions and services loans in 49 states and the
District of Columbia. Guild’s highly trained loan professionals are
experienced in government-sponsored programs such as FHA, VA, USDA,
down payment assistance programs and other specialized loan
programs. Guild Mortgage Company is a wholly owned subsidiary of
Guild Holdings Company, whose shares of Class A common stock trade
on the New York Stock Exchange under the symbol GHLD.
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version on businesswire.com: https://www.businesswire.com/news/home/20230712051601/en/
Melissa Rue Nuffer, Smith, Tucker mkr@nstpr.com (208)
850-5939
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