Do more with Morty.
Affordability is top of mind for buyers as high rates and steep prices weigh heavily on their finances and decision to buy. Working as a loan officer on Morty’s platform allows you to leverage both our lender marketplace of competitive loan options and our wide range of affordability solutions. Read on for more.
How does Morty help with affordability?
There’s no one-size-fits-all home financing solution. When it comes to serving the broadest possible range of clients, having alternative financing options on hand can help you to better serve first-time buyers and seasoned homeowners alike. Through the Morty platform, you can access personalized options, solutions and services to help your clients prioritize affordability in their home search, in any market.
Here are just some of the affordability tools that loan officers can provide to buyers through Morty’s platform.
A rent-to-own agreement allows renters to save for a down payment by paying rent each month. This can be an alternative path to homeownership for those that want to own a home, but aren’t ready to do so. Rent-to-own is best for clients who have found or are ready to move into their ideal home, but need some additional time to save up and improve their financial profile.
Down payment assistance
The first step with down payment assistance programs is to check the U.S. Department of Housing and Urban Development (HUD) to see available programs in your client’s state. Local housing authorities can also provide counseling and support on their homebuying journey. For eligible buyers, down payment assistance can come in the form of loans, grants and other supporting programs and is best for clients who have a good credit score, but may need additional funds for their down payment.
With almost zero financing fall-through risk and faster closing times, having a cash offer service on hand can back a client’s offer with cash as a way to help you beat other bidders. Successful buyers will then get their home directly from the servicer via a lender loan. Cash offer programs are best for buyers that want to make the strongest offer possible on a home, but might not have the cash on-hand for an all-cash offer.
Joining the Morty platform gives you access to our entire suite of affordability tools, plus our processing team, 45 state licenses, and lender marketplace.
If you’re interested in learning how you can use the Morty Platform, connect with us by filling out the form below.