The journey to owning a home can come with its own set of unique challenges, from facing off against cash buyers to navigating appraisal contingencies.

 

NJ Lenders Corp. is leveling the playing field for their borrowers with the introduction of their Value Assurance Program. 

 

NJ Lenders Corp. Transforms the Homebuying Experience with Value Assurance

 

For the team at NJ Lenders Corp. the Value Assurance Program marks a significant shift in the homebuying process.

 

Borrowers, often discouraged by the prevalence of cash offers and the risk of appraisal contingencies, now have a powerful ally in this competitive market.

 

The Value Assurance Program is built on a straightforward yet transformative concept: guaranteeing the value of your chosen property for underwriting purposes.

 

Utilizing Automated Valuation Models (AVMs), NJ Lenders Corp. leverages data from previous home sales to provide accurate property value estimates.

 

While appraisals still remain necessary, clients can confidently bid on properties, assured that their financial standings and appraisal outcomes are secure.

 

Even if the property appraises below the expected value, NJ Lenders Corp. commits to honoring the amount determined by the Value Assurance Program.

 

Eligibility for Value Assurance

 

To benefit from the Value Assurance Program, borrowers must meet specific criteria:

 

> Loan-to-value and FICO qualifications must be met by the borrower.

> Available only for single-family homes and condos.

> Subject property must meet traditional underwriting requirements.

> MLS listing required.

> Applicable to conforming and high balance loans only.

> Appraisal is still required after Value Assurance is provided.

> Loan may be subject to PMI.*

*Individual circumstances will determine PMI; consult your loan officer for more details.

 

NJ Lenders Corp. Helps Over 1,000 Families with Value Assurance in 2024

 

Since January 1, 2024, NJ Lenders Corp. has utilized over 1,000 AVMs to assist families on their path to homeownership.

 

With more than 30 years of experience, NJ Lenders Corp. continues to offer innovative and adaptive strategies for today’s borrowers.

 

Contact NJ Lenders Corp. to learn more about how the Value Assurance Program can turn your homeownership dreams into reality.