Jim is an experienced mortgage loan originator in Atlantic County, New Jersey. He specializes in many programs for first time homebuyers including FHA, Conventional, USDA, VA, renovation loans/203ks, etc. He always answers his phone and responds to all of his emails in a timely fashion. He can guarantee you the best customer service and strives to be honest, polite, and ensures you qualify for the best program available for your needs. Feel free to call him on his cell phone right away, 609-432-2829.
Mortgage Loan Originator
FHA loans, insured by the Federal Housing Administration, offer more flexible lending requirements than conventional loans. These loans, backed by the government, are provided by private lenders with lower qualification standards due to the insurance against default. Advantages of FHA loans include a favorable interest rate that saves borrowers money, a low down payment requirement of 3.5 percent, flexible repayment options, lenient credit history requirements, higher seller contribution possibilities, and additional benefits like low mortgage insurance premiums and assumability. To apply for an FHA loan, one can contact Greentree Mortgage, a licensed FHA Direct Endorsement Lender, which offers various FHA loan products for different purposes such as purchasing a home, refinancing, or home rehabilitation.
Greentree Mortgage offers conventional loans that are not backed by the federal government but often follow the guidelines set by Freddie Mac and Fannie Mae. These loans have specific requirements for credit scores, down payments, and income. They can be conforming or non-conforming. Greentree Mortgage provides different types of conventional loans, including fixed-rate mortgages with consistent monthly payments over a chosen loan term, adjustable-rate mortgages with interest rates that can change after an introductory period, and interest-only loans where borrowers initially pay only the interest for a set period. The Loan-to-Value (LTV) ratio is also an important factor to consider when applying for a mortgage. For more information or assistance in choosing the right loan type, contact Greentree Mortgage today.
If you’re a US military veteran or currently serving, consider applying for a VA mortgage loan to purchase a home. This loan, guaranteed by the US Department of Veteran Affairs, is tailored for eligible veterans, active military personnel, and qualifying surviving spouses. It offers benefits like no down payment, no need for private monthly loan insurance, and a 30-year fixed loan term. The interest rates are favorable, and a perfect credit score isn’t required. To apply, you’ll need to provide necessary documents and complete paperwork. For more information and assistance, contact Greentree Mortgage at 1-800-438-9168. Your homeownership dreams can come true.
USDA Mortgages, also known as USDA home loans, are specialized loans exclusively offered by USDA-approved lenders and guaranteed by the United States Department of Agriculture. These loans cater to individuals living in rural areas and offer advantages such as 100% financing without a down payment, flexible loan terms, and competitive interest rates. Eligibility requirements include US citizenship or residency, the property being located in a rural area, no existing nearby home ownership, and meeting creditworthiness criteria. The borrower’s income, including various sources, is considered, and adjustments are made for dependents. For more information and assistance with USDA mortgage loans, contact us at 1-800-438-9168.
A Jumbo loan is a non-conforming mortgage for high-value properties. It has stricter requirements, including larger down payments and higher interest rates. However, it offers advantages like no private insurance requirement, tax benefits, and potential refinancing savings. Greentree Mortgage provides fixed-rate and adjustable-rate Jumbo loans. To qualify, you need a credit score above 700, a maximum debt-to-income ratio of 45%, reserves, and a 20% down payment. Contact us for guidance and a smoother application process.
Excellent Experience! kaitcheeseman from Ocean City, NJ Jim Malamut and everyone at Greentree Mortgage Company was very helpful, friendly and responsive. At signing he was very helpful, patient and efficient (which is great when you have to bring your little ones along) ! The whole process couldn't have been easier!
Easiest mortgage ever chriscaf03519 from Northfield, NJ Incredibly easy to work with, even when my first deal fell apart Jim and his team worked with me as if nothing happened and helped find the right home. Jim and his staff made the process very easy with clear concise instructions for the required paperwork, and once we got it all to him they handled everything really well
Jim was awesome from Mays Landing, NJ From our first appointment to settlement Jim was personable and professional. He was always available when needed and promptly addressed any questions or concerns. Settlement was painless and all documents were thoroughly explained even before asking for an explanation. I would highly recommend Jim Malamut for any mortgage needs.
Jackie Carr from Somers Point, NJ Jim was recommended to me by my realtor because my current mortgage broker was in between licensures and could not process the necessary paperwork needed. Jim was very knowledgeable and professional. He explained everything thoroughly which put me at ease seeing I was a first time home buyer. I would and have already recommended Jim to friends and family.