Michele Fulcher

Michele Fulcher

I’m a career Mortgage Banker of 40 years and as with any long-term career I have gain so much experience with what it takes to be of full service to my clients.  I strive to gain knowledge to match up the best available loan program, down payment, and pricing to best help clients to get to the end goal of property ownership.

I think it’s important to provide all options and be educated on the underwriting guideline to insure we have checked off that you can meet all the requirements to make this will be a successful closing.  I read underwriting guidelines and matrix and educate myself so I can fully explain to Buyers, Realtors, Builders and Sellers why something is needed to prepare them so the loan can go as smoothly as possible.  I believe this is crucial in preparing and requesting documents up front and what the process entails.

I am well versed on FHA, VA, FNMA, FHLMC, USDA, Non-QM, closing in a Business Name and New Construction and if I don’t know I’ll research to find the answer.  

First time homebuyers and investors especially need more time spent explaining the full process to prepare themselves to be ready to purchase.  

Services I can discuss to offer:

1.  Credit simulators and rescoring process to help you get to that desired FICO score.

2. Reviewing MLS listings to provide payment and cash to close estimates

3. Assist you with structuring the Purchase Agreement to meet your cash to close requirements.  What are the ramifications of offering an Appraisal waiver, requesting seller concessions, or requesting waiving tax prorations to get that extra help for cash to close.

4. Explaining rate and discount point selection and what that means for your break even.

5. Matching up Downpayment assistance programs that best suit the buyers’ qualifications.

6. Providing Homeowners Insurance Agent referrals to get you started with insurance quotes.

7. Condo requirement to match up conventional FNMA or FHLMC, FHA spot approvals meaning purchasing a condo that is currently not approved with FHA or Non-Warrantable properties. 

8. Unique construction or Mixed-Use possibly with a commercial attached property requirement.

9. Qualifying based on alternative income sources or no income requirements such as using the Property Rent, Assets only, CPA Profit and Loss letters, Bank Statements deposit income from Personal or Business accounts or No Ratio where no employment or income is stated.

10. Explain the reasons and requirements of an investor purchasing and closing in their business name.  Great way for landlords who already have multiple rental properties financed, avoid more personal debt, wish to keep the property liability in a business for tax purpose or to remain anonymous to renters using a property management company to manage the rental.

Lastly, I try to make myself available to you after hours and on weekends and communicate based on what works best for you and the parties in the transactions.  I’ll always welcome speaking to a Listing Agent on your behalf to assist you in getting your offer the accepted offer!  I use my low NMLS # to show you are working with an experienced Mortgage Loan Officer to eliminate the concern over what lender and loan officer will be handling the transaction.  I’ve closed thousands of client’s loans and use that in your favor.