Prospect Mortgage Branch Manager in Greenville, North Carolina
A Wide Range of Lending Needs
As a licensed Prospect Mortgage Branch Manager in North Carolina (NMLS #103068), Tracy can assist you with your home loan needs, including:
- First-Time Purchase
- Second-Home Purchase
- FHA and VA
- 203(k) Renovation
Tracy welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. Tracy has the expertise and knowledge, and will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.
Contact Tracy Brown Anytime
Feel free to contact Tracy anytime by phone or email for personalized service and expert advice. Tracy will extend the same professional service to your friends, family members, work colleagues or neighbors who need help.
Tracy Brown is 203(k) Renovation Lending Certified
Tracy is certified in 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 made1. 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 deductible2 as well.
Tracy 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 Tracy Brown by phone, email or filling out the pre-approval form on the right to get more information about our Renovation Loan, or any other mortgage financing solution. I look forward to working with you!
1For 203k purchase transactions the maximum loan amount is the lesser of the sales price + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. For refinance transactions the maximum loan amount is the lesser of the property value before renovation + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. Loan amount must be within FHA county loan limits.
For HomeStyle® purchase transactions the maximum loan amount is based on the lesser of the sales price + renovation costs or 100% of the as-completed value, times the maximum loan-to-value allowable. For refinance transactions the maximum loan amount is based on the lesser of 1) 100% of the as-completed value times the maximum loan-to-value or 2) the balance on the existing loan plus the renovation cost plus the settlement costs. The maximum repair amount is limited to 50% of the as-completed value. HomeStyle® is a registered trademark of Fannie Mae.
2Please consult a tax advisor for further information regarding the deductibility of interest and charges.
What are people saying about Tracy Brown?
"Working with Tracy Brown of Prospect Mortgage was an absolute delight. She was very informative and confident from the start in what she could do for me and my family. She definitely stood and delivered, as she said she would. Me being a notorious worrier, Tracy sensed that from the start and went out of her way to keep me and my family in a positive mindset from start to finish. Tracy was always easy to contact through the whole process and would always contact us before sundown if we ever called her office. Buying a home definitely isn 't easy but the experience was smooth for us. Tracy told us what she needed from us we provided the information and before we knew it we were furniture shopping for our dream home. Couldn 't ask for anything more. Thanks for being a tremendous ..."
- Temias G., Winterville, NC
"Tracey was great!! Very helpful through the whole process."
- William N., Farmville, NC
"Tracy worked very hard and was very nice the whole time, from beginning to end I knew everything was going to turn out wonderfully!!"
- Daniel M., Greenville, NC