Back

Prosperity EXPRESS Offers Faster Loan Closings

Thursday, July 8, 2021

So you’ve decided to buy a home, but you need to close—FAST. Good news! Prosperity Home Mortgage, LLC (Prosperity) offers the Prosperity EXPRESS program for eligible home buyers to close on a home more quickly. Prosperity EXPRESS is a program that offers expedited loan processing and underwriting on conventional home loans, which can provide a faster loan closing.1 When you need mortgage financing solutions for a fast-paced real estate market, Prosperity EXPRESS can help!

Here are some features of the program:

Eligible Borrowers – Eligibility includes salaried, commissioned, and retired borrowers.

Reduced Documentation – Loan applications go through an automated underwriting system, so borrowers may be required to provide limited documentation.

More Competitive Purchase Offer – An accelerated home financing process may help a purchase offer look more attractive to sellers in multi-offer situations.

Faster Closing – A quicker home financing process can help expedite the home’s closing date.

Home Appraisals – In limited circumstances, the requirement for a full appraisal may be waived, which may provide the possibility of closing on a home even faster.

“As a mortgage company, we’re committed to finding new ways to make the home financing process more efficient,” said Tim Wilson, President and CEO of Prosperity.

“The impact of Prosperity EXPRESS is significant. The program allows for an expedited closing date to help buyers win multi-contract scenarios, and it also helps reduce the stress of the home buying process so our clients can focus on other matters related to buying a home, such as planning their move and setting up services at their new home.”

The Prosperity EXPRESS program shortens the loan process and helps reduce stress by minimizing last minute conditions.

To learn more Prosperity EXPRESS, contact your local mortgage consultant.

1. Prosperity EXPRESS is not a final loan approval. A Commitment Letter is based on information and documentation provided by you and a review of a borrower’s credit report. The interest rate and type of mortgage used to approve a borrower for a specified loan amount is subject to change, which may also change the terms of approval. The interest rate cannot be locked until the borrower’s offer to purchase a property has been accepted. If the interest rate used for credit approval has changed, the borrower may need to re-qualify. Information provided by the borrower is subject to review and validation, and all other loan conditions must be met. After the borrower has chosen a home and the purchase offer has been accepted, final loan approval will be contingent upon obtaining an acceptable appraisal and title commitment. Additional documentation may be required.
See all articles

Other news

Expert Update - 12.02.22
View full article
FHFA Announces Higher Loan Limits for 2023
View full article
November Journal 2022
View full article
Prosperity Home Mortgage Reaches $5.7 Billion in VA Loan Fundings
View full article
Government Home Loan Programs
View full article
The VA Home Loan Advantage
View full article
FHA Home Loans
View full article
USDA Guaranteed Rural Housing Program
View full article
Philly Home Buying Seminar
View full article
Habitat for Humanity: Los Angeles 2022
View full article
Habitat for Humanity: Philadelphia 2022
View full article
Habitat For Humanity: Tucson 2022
Our Prosperity Home Mortgage team is working hard to bring the phrase “home for the holidays” to life,..
View full article
Philly / NJ / Delaware Night of Giving
View full article
BHHS National Sales Convention
View full article
Donating Meals for Healthcare Professionals
View full article
Prosperity Home Mortgage Partners with DC Habitat to Complete 14 Affordable Homes
View full article
Introducing RAPID CLOSE
View full article
Prosperity Home Mortgage Consultants Recognized as Top in the U.S. by Mortgage Executive Magazine
View full article
Prosperity Community Update
View full article
Berkshire Hathaway HomeServices Fox & Roach, REALTORS® Selects Prosperity Home Mortgage, LLC as Their Mortgage Affiliate
View full article
Prosperity Home Mortgage Reaches $3.2 Billion in VA Loan Fundings
View full article
Introducing Home Advantage, a Nationwide Zero Down FHA Mortgage
View full article
Prosperity EXPRESS Offers Faster Loan Closings
View full article
Juneteenth 2021
View full article
Brian Haug Appointed to Senior Leadership Position at Prosperity Home Mortgage, LLC
View full article
New Name, Same Great Team!
View full article
Prosperity Home Mortgage Named One of 50 Best Companies to Work For
View full article
XLR8: The Future of Mortgage
View full article
Prosperity Home Mortgage Company Ranks 20th in Top 100 Mortgage Companies in America
View full article
COO, Justin Messer Named Among 40 Under 40 Influential Mortgage Professionals
View full article
Meet Jelaire Grillo, The Journey Wiz
View full article
Prosperity Reaches Over $15.5 Billion in Loan Volume in 2021
View full article
Texas Team Gets Veteran into Dream Home
View full article
Prosperity Home Mortgage Now Operating in the Greater Palm Springs Temecula Valley Areas
View full article
Chairman and President’s Club Winners Announced for 2021
View full article
18 MCs Recognized by Philadelphia Magazine for Top Mortgage Professionals Award
View full article
Lock, Shop & Home!
View full article
Prosperity Home Mortgage Now Operating in St. Louis
View full article
Mike Miller Joins Prosperity Home Mortgage as Indiana Regional Manager
View full article
Prosperity Home Mortgage Consultants Recognized as Top 1% for Customer Satisfaction by Experience.com
View full article
Prosperity Home Mortgage Now Operating in South Dakota
View full article
Prosperity Home Mortgage Ranked Among Nation Top Mortgage Lenders
View full article
Prosperity Home Mortgage Is Built Strong
View full article
Freddie Mac BorrowSmart Program
View full article