Prospect Mortgage Sales Manager in Richmond, VA
A Wide Range of Lending Needs
As a licensed Prospect Mortgage Sales Manager in VA (NMLS # 267265), Richard can assist you with your home loan needs.
Having started in the mortgage industry in 1987, I’ve been privileged to help all types of borrowers, with unique financial considerations, achieve their homeownership goals. I am always eager to use my experience to assist all borrowers with a variety of home financing needs, whether the home in question needs renovation or just needs regular mortgage financing.
As a mortgage banker that specializes in renovation lending, here are some things you should know about my background:
I am available 7 days a week, by phone or text (and email), and am always happy to analyze your specific home financing needs. Let me help you realize your vision for the house you want to call home, or for the house you want to invest in.
Richard is also an expert on 203(k) Renovation Lending, a program particularly well suited for buyers of fixer-uppers and REOs in need of repair. Homebuyers can finance both the purchase and future repairs on their new home with one loan.
The Renovation Loan offers some great features. The amount of money you are permitted to borrow for the purchase and renovations is based on the increased value of your home after improvements are made. Also, because renovation costs are spread throughout the entire term of the loan, monthly payments are often lower than other financing options. With the loan, there is also no need to delay improvements. You can start in immediately after closing. Another great feature is the loan's simplicity - one application, one set of fees and closing costs, one closing to attend and one payment each month. The interest on the cost of your improvements, included in your mortgage, may be tax deductible as well.
Richard values your business and will provide you with the best professional service and mortgage solutions that make most sense for you and your unique financial situation and real estate goals.
Please contact Richard Day if you’d like more information about our Renovation Loan, or any other mortgage financing solution. I look forward to working with you!