ELEMENT HOME LOANS
DTI DROP Drop your debt-to-income ratio and boost your buying power. Eliminate the home sale contingency We place a backup offer on your departing residence to remove the home sale contingency and reduce your DTI ratio.
Submit your departing residence for approval and receive a backup offer. Get approved and drop your DTI Once approved, you and your agent can start making stronger offers, with no home sale contingency. Make a stronger offer Close on your new home, leveraging your own cash to cover the down payment and closing costs. Close on your new home You have the freedom to sell your home with your chosen agent on your timeline, with full market value. Sell your old home at full market value
Avoid a double move
If you’re buying a new home but don’t need the equity from your current one to do it, our DTI Drop program can help by temporarily removing your existing mortgage from the equation—lowering your debt-to-income ratio and giving you more buying power for just a 1% program fee.* You are able to move into your new home before selling your old one, avoiding the cost and hassle of showings, moving twice, and temporary housing.
DeAnn Ellis Davidson Senior Mortgage Consultant NMLS# 148916 | GA MLO# 25670 155 Bankers Boulevard, Unit I-200, Monroe, GA 30655 Office: 855-ELEMENT Cell (770) 616.8042 EllisMortgageTeam.com DeAnnEllis@elementhl.com
Equal Housing Lender. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. For NFM Lending, LLC’s full agency and state licensing information, please visit www.nfmlending.com/licensing. NFM Lending, LLC's NMLS #2893 (www.nmlsconsumeraccess.org). © 2025 NFM Lending, LLC. America’s Common Sense Lender® Trade/service marks are the property of NFM Lending, LLC and/or its subsidiaries. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. www.nfmlending.com. NFM Lending is not a Financial Advisor, Tax Advisor or Credit Repair Company. You should consult with a Financial Advisor, Tax Advisor or Credit Repair Company to learn more.
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