CrossCountry Mortgage Innovates to Support Borrowers in a Fluid Market

New financing solutions give buyers access to the homes they love

CLEVELAND, August 24, 2022 /PRNewswire/ — The market continues to swing with stocks designed to fight inflation. Navigating this landscape can be confusing, and CrossCountry Mortgage (CCM) loan officers are ready to put things into context, including educating borrowers on new financing options to help them access the homes they love. .

“At CCM, we have always responded to market changes and trends with innovative financing solutions to meet the needs of our borrowers,” said Jenn Stracensky, CCM Director of Operations. “Over the past few months, we have introduced a variety of solutions to support borrowers in an environment where expenses can be stretched and homes are selling quickly. Our goal is to make every mortgage a win. “

Some of the new CCM solutions available to borrowers include:

  • Lock in before you search* – Consumers can navigate a seamless rate environment by locking in today’s rates for 90 days while they search for a home.
  • Temporary Repurchase Program – CCM will reduce a borrower’s interest rate by 2% for the first 12 months and 1% for the following 12 months.
  • Extended Rate Lock – For consumers considering new construction, a new home can be built without worrying about rising interest rates with extended rate locks of 6, 9, or 12 months.
  • Down Payment Assistance – CCM offers several options designed to help consumers fund their down payment rather than using cash up front.
  • CashPlus** – In an environment where homes receive multiple offers, cash offers win, but not everyone has disposable income. CCM has a solution that allows a cash offer without the consumer needing any upfront capital.
  • Bridge Loan*** – In this market, consumers don’t want to wait for their current home to sell before bidding on a new one. CCM’s bridging loan solution allows homeowners to borrow against an existing home to finance a new one.

With thousands of loan officers, more than 600 branches, and a presence in all 50 states, CCM is ready to meet the needs of borrowers. To locate a CCM branch near you, visit www.ccm.com.

*CrossCountry Mortgage cannot guarantee that an applicant will be approved or that a closing can occur within a specific time frame. All closings may vary depending on the level of participation of the parties involved at any stage of the loan process.

**Available in AL, AR, CO, FL, GA, IL, IN, MI, MO, NC, OH, OK, SC, TN, TX, VA

*** Available in AZ, CA, CO, CT, FL, GA, IL, MA, MI, MN, NJ, NY, OH, OR, PA, TN, TX, WA

About CrossCountry Mortgage

CrossCountry Mortgage (CCM) is one of the nation’s largest retail mortgage lenders, with more than 8,000 employees operating nearly 600 branches in all 50 states. Our company has been recognized nine times on the Inc. 5000 list of America’s fastest-growing private companies and has received numerous awards for our outstanding culture. We offer over 100 mortgage, refinance and home equity solutions – ranging from conventional and jumbo mortgages to government-insured programs for veterans and rural home buyers – and we are a direct lender and seller and repairman approved by Freddie Mac, Fannie Mae and ginnie mae. Through our dedication to doing so, we make every mortgage a win. Visit ccm.com.

SOURCE CrossCountry Mortgage

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