1St Option Mortgage

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"Since the market began to cool down last fall, the number of homes for sale has grown each month, giving buyers more options and. during our first quarter," said Lennar’s Stuart Miller. "However,

1st Source has offered clients a convenient & friendly way to bank for over 150 years. We’ll listen to you, understand your needs & always keep your best interests in mind.

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First Mortgage Options has announced details of its transitional arrangements available to mortgage brokers who want direct authorisation, but fail to receive their FSA authorisation by 31st October.

Once you determine the loan amount for your borrower, calculate the DPA by multiplying the first mortgage loan amount by 3% if it is a conventional loan or by either 3% or 5% if it is an FHA, VA or USDA loan, depending on which DPA option is selected.

All of these changes led Brandon and a close group of co-workers to take a leap of faith and help launch First Option Mortgage in the Indianapolis market in 2006. Changes were still occurring in the industry, but the one constant was First Option Mortgage’s success with the ability to adapt to change and foresee future evolutions to the industry.