Stevens Point, Wisconsin (PRWEB) July 10, 2014
USDA Rural Development State Director, Stan Gruszynski, named Inlanta Mortgage as a recipient of the 2013 Platinum Million Dollar USDA Lender Award.
The Award is presented each year to lenders who have partnered with, and made a significant contribution to, supporting Wisconsin rural residents looking to become homeowners through the USDA Guaranteed Rural Housing (GRH) Program.
In fiscal year 2013, Inlanta Mortgage utilized more than $5 million of GRH program funds by financing home purchases to help moderate income families in Wisconsin. More than 3,900 families across Wisconsin were able to purchase a home last year through the GRH loan program, totaling nearly $486.5 million.
“Working with our lending partners across the state, we’ve made a difference to those rural families prepared to realize the responsibility and benefits of owning a home,” said Gruszynski. “The last several years have been challenging for homebuyers in rural communities. By partnering with local lenders we are able to leverage our resources and overcome financial barriers in order to help rural communities move forward.
“We value our partnership with Inlanta Mortgage,” he added, “and commend their achievement and contributions to meeting rural housing goals for Wisconsin.”
Inlanta Mortgage is committed to helping meet the needs of rural families across the country. In fact, Inlanta Mortgage Branch Manager, Laura Leonhard, was recognized as the Top USDA Lender in the nation by Scotsman Guide for both 2012 and 2013.
The Million Dollar Lender Award is given at three levels Silver, Gold, and Platinum, based on the total amount of funding utilized by the lender; Silver level disbursed more than $1 million, Gold level disbursed more than $2 million, and Platinum level disbursed more than $5 million during the past year.
About the Guaranteed Housing Program
The GRH program assists homebuyers in obtaining a 30-year fixed rate mortgage without the down payment typically required by conventional lenders and programs. GRH loans are financed through participating lenders, such as banks and credit unions, and are guaranteed by USDA Rural Development. The amount of the mortgage is limited by the applicant’s repayment ability and can be made for up to 100 percent of the appraised value. There are no restrictions on the size or design of the home. Loan closing costs and repairs can often be financed with the home purchase. Eligible areas include rural regions and communities under 20,000 in population, and not part of a larger urban area.
Further information on programs available through USDA Rural Development is available by contacting any Rural Development office, 715-345-7620, or visiting the agency's web site at http://www.rurdev.usda.gov/WI_RDHome.html.
USDA Rural Development’s mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents. As the lead federal agency for rural development needs, USDA Rural Development returned nearly $838 million dollars this past year to rural Wisconsin communities. Funds are used to finance and foster growth in homeownership, business development, and critical community and technological infrastructures. Further information on USDA Rural Development programs is available at a local USDA Rural Development office or by visiting the web site at http://www.rurdev.usda.gov/WI.
About Inlanta Mortgage
Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to more than 30 branches in 16 states and over 200 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Inlanta Mortgage, Inc. NMLS# 1016.
Inlanta Mortgage Branch Manager, Laura Leonhard, was recognized as the Top USDA Lender in the nation by Scotsman Guide for both 2012 and 2013. Inlanta Mortgage was named a Top Workplace in 2012 and 2014, has been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders List every year since 2010, Milwaukee Business Journal’s “Top 25 Largest Milwaukee-Area Mortgage Banking Companies,” and Mortgage Executive Magazine’s “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013.
Inlanta Mortgage's platform supports high-producing professional partner offices with the latest technology and product menu focused on unsurpassed service and quality to both the consumers and employees. Inlanta takes pride in the highest level of honesty, integrity and ethics in all of its business dealings. It is a member of numerous state Mortgage Bankers Associations and Lenders One, the largest cooperative of mortgage bankers in the nation. Inlanta is an accredited member of the Better Business Bureau with an A+ rating. For more information on branch partnerships with Inlanta Mortgage, please call our Business Development team at 262-439-4260, email partners(at)inlanta(dot)com or visit http://www.inlantapartners.com.