CMG Financial recognized with the Freddie Mac Home Possible RISE award for education
SAN RAMON, California, September 3, 2020 / PRNewswire / – CMG Financial, a well-capitalized private banking company headquartered in San Ramon, California, was honored by Freddie Mac with the Home Possible RISE AwardSM for Education. The annual program, RISE (Rto acknowledge Ipeople for Sworn out Excellence), salutes the excellence of Freddie Mac’s best clients in several categories with Home Possible® mortgages – Freddie Mac’s affordable loan solution for low to moderate income homebuyers.
CMG Financial won the Home Possible RISE award for Education for its ongoing initiatives to educate first-time homebuyers and low to moderate income buyers about the many home buying opportunities. Most first-time buyers know that an FHA loan is a low down payment option, but fewer first-time buyers are familiar with conventional options. With the FHA loan, the borrower is struggling with a mortgage insurance premium (MIP) for the life of the loan. With Freddie Mac Home Possible®, the borrower still has the lower down payment option and only needs to pay mortgage insurance until they have built up enough equity in the home.
“Making home ownership possible depends on a community effort. We are fortunate to have access to a community of knowledgeable and enthusiastic loan officers ready to educate first-time homebuyers and each other, ”said Paul Akinmade, Chief Strategy Officer of CMG Financial. “The Freddie Mac Home Possible® The loan is one of the valuable programs CMG Financial offers its loan officers to help first-time home buyers buy a home. “
The grants combined volume from the Home Possible and Home Possible Advantage national mortgage options. Lenders must be active Freddie Mac sellers / services or housing finance agencies, and corresponding lenders and brokers must be from those sellers / services.
Find out more about the Freddie Mac Home Possible® loan available through CMG Financial, Click here.
About CMG Financial
CMG Financial is a well-capitalized private mortgage bank founded in 1993. The company makes its products and services available to the market through three distinct origination channels: retail lending, wholesale lending and correspondent lending. .
CMG Financial currently operates in all states, including the District of Colombia, and holds federal agency loan approvals with HUD, VA, RHS, GNMA, FNMA, and FHLMC. CMG Financial is widely known in the mortgage and housing markets for its responsible lending practices, industry and consumer advocacy, product innovation and operational efficiency.
About Freddie Mac
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our inception by Congress in 1970, we’ve made housing more accessible and affordable for home buyers and renters in communities across the country. We are building a better housing finance system for buyers, tenants, lenders, investors and taxpayers. Learn more about FreddieMac.com.
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Freddie Mac Home Possible RISE Award for Education
CMG Financial wins the Freddie Mac Home Possible RISE Award for Education
SOURCE CMG Financial