Specialty Programs at MEP
Addressing the needs of our borrowers is our number one priority at MEP. As the market changes, we adapt our programs and processes to put our borrowers in the best position to secure their dream homes. For example, we have designed programs to make our borrowers highly competitive in a seller’s market, which is the primary advantage of working with a flexible local lender. We can quickly adapt to the needs of the homebuyer and our realtor partners.
TBD Loan Commitment
Our TBD Loan Commitment program allows you to get one step closer to your Connecticut dream home. The benefits of this program are incredible. Your MEP loan officer can approve you for a loan even without a property. Even with the property address yet to be determined, you can submit a complete application with asset and income documentation and receive a conditional loan commitment from an underwriter. Your financed offer is now equivalent to a cash offer. Contact one of our Connecticut loan officers to learn more.
Fast Track Underwriting
Fast Track Underwriting puts our borrowers on the fast track to homeownership. All our borrowers need to do is apply for a loan with one of our loan officers and provide all the required documents, and their loan will be expedited to underwriting. MEP guarantees a 24-hour turnaround time on all complete loan files. Having the basics of the loan approval process completed quickly makes your offer more competitive and puts your mind at ease that the basics of the loan approval have been completed.
PIW Appraisal Waiver
Mortgage Equity Partner’s Property Inspection Waiver program strengthens your offer. We have a tool that allows our borrowers to find out before making an offer on a property if they can waive the appraisal—no surprises for the borrower and no hassles for the seller. If our borrowers engage in a bidding war, they will have the confidence of knowing how high to bid without worrying if the house will appraise appropriately.
