Many people don’t know this but Keller Mortgage is a digital company. A digital company you say? That is correct. Digital… as in ‘on the web’. They can be accessed through any Keller Williams agent or across the Keller Williams digital ecosystem. When we refer to ‘agent’ we are referring to a ‘Realtor’. If you ever happen to be in Dublin, Ohio, you can visit the folks at Keller Mortgage at their main office. Otherwise, you will be accessing them and their ZeroPlus program online.
What is the Keller Mortgage ZeroPlus Program?
This is a relatively new program to the mortgage industry. The ZeroPlus program is Keller Mortgage’s exclusive Loan program, only available through Keller Williams. A purchaser (buyer of a home) can save thousands of dollars with ZeroPlus, and the benefits include:
- Zero lender fees
- $1,000 credit at closing
- A discounted rate
The $1000 credit applies to loans over $150k. We like to remind people of this important stipulation. Let’s also not underestimate how important these benefits truly are. Other lenders can often have hidden fees that can really add up. The $1,000 credit on closing is a great incentive not offered by many other lenders. Finally, the discounted rate is probably where you will save the most money over the lifetime of your mortgage. If you are paying a reduced rate, that will translate into thousands, and often tens of thousands of dollars saved in interest charges.
How can you access the Keller Mortgage ZeroPlus Program?
It sounds like a great program, doesn’t it? Don’t forget though that there is one important requirement for using the ZeroPlus Loan program. This requirement is that you have to be working with a Keller Williams agent, office or buying a Keller Williams listing. If you are interested in the ZeroPlus Program you should contact your Keller Williams agent. Or you can access the program by visiting their website.
In which states can you get a Keller Mortgage?
This is where some programs fall short, in that some other programs that claim to be similar in nature only operate in certain regions of the US. For example, you could find a competing program that only is offers in specific states. Not this one. The great news is that purchasers are able to get a Keller Mortgage in all 50 states.
How can Keller Mortgage offer such an incredible deal?
Some people are surprised when they discover that Keller Mortgage is a technology-based company. Since they have a stronghold on technology, Keller Mortgage is also positioned with the largest real estate company in the world. As such, they are able to save significant money on marketing, office rents, and expensive on-site loan officers. Naturally Keller Mortgage then passes on the savings directly to their consumers, and we all know that customers love to save wherever they can! Wouldn’t you?
How does Keller Mortgage provide such a strong pre-approval?
Before a transaction even takes place, buyers are encouraged to submit a complete loan application with all of their financial documents up front. This action positions buyers to receive the strongest pre-approvals in the industry. In addition, upon Keller Mortgage getting the financial documents from their clients up front, they have an underwriter review the application within 24 hours. This puts the buyers in the very best position to make a strong offer when they find that perfect home. Being so organized up fronts allows buyers to be able to put in strong and competitive offers on homes.
Can you refinance with the Keller Mortgage ZeroPlus Program?
Yes, you can, and it is part of the ZeroPlus program. You do however have to be referred by a Keller Williams agent. If you don’t have an agent, Keller Mortgage can connect you with one. They have agents in all parts of the country. When you speak with them, you will need to let them know which city and state you live in, and they will match you up with the best agent in the area. Or if you are moving to another part of the country, Keller Mortgage will match you up with a great agent in the new city that you are moving to.
What kinds of loans does Keller Mortgage Offer?
Conventional
A mortgage that is not insured or guaranteed by the government. Conventional mortgages can be acquired for primary, investment, or secondary homes. With this type of financing, borrowers can purchase their home with a minimum 3% down payment.
FHA
This is a federally backed mortgage insured by the Federal Housing Administration (FHA). These mortgages have special restrictions. There is a big difference between FHA home loans and Conventional loans, in that FHA home loans allow for lower minimum credit scores and down payment requirement than Conventional loans. With this type of financing, borrowers can purchase their home with a minimum 3.5% down payment.
VA
This is a special type of mortgage loan for those who have served or are presently serving in the US Military. A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA). With this type of financing, borrowers can purchase their home with a minimum 0% down payment. You read that correctly… 0% down payment!
USDA
A mortgage loan offered to rural property owners by the United States Department of Agriculture (USDA). These mortgage loans have specific restrictions. These restrictions include, property location eligibility and borrower/household income limitations. With USDA financing, borrowers can purchase their home with a minimum 0% down payment. That was not another typo. You read that correctly again… 0% down payment!
Jumbo
The name of this mortgage type is very fitting for the characteristics that it possesses. A Jumbo mortgage is an amount above the conventional conforming loan limits. As you may recall the standards for loan limits are set by Fannie Mae and Freddie Mac. Jumbo loans can be used for primary, investment, and secondary homes. With this type of Jumbo financing, borrowers can typically expect a minimum required 20% down payment. However, they could get approved for less than 20% as well.