Carrington Mortgage Services, a holding company whose primary businesses include asset management, mortgages, real estate transactions and real estate logistics, just announced that it added conventional loans to its list of product offerings.
This not only adds to the organization’s government lending experience, but also provides more choices for Carrington’s customers.
“Together with our government product line and expertise, Carrington is the go-to lender for both government and conventional lending, ensuring we’re able to provide loan choices across the entire market to enable brokers to serve a more diverse range of customers in bringing their loans home,” said Ray Brousseau, Carrington executive vice president of the mortgage lending division.
Now, the company’s new conventional products include:
- Conforming Fixed Rate Loans (Purchase/Refinance available)
- Conforming, High Balance (Higher Loan Amounts, Purchase/Refinance)
- Freddie Open Access (Refinance)
- DU Refi Plus (Refinance)
- Lender Paid Mortgage Insurance (LPMI)
- Texas Home Equity
“With the addition of our wholesale lending conventional loan products, Carrington can now offer even more purchase loan options for borrowers with great credit, first-time homebuyers, those needing a low down payment and the underserved,” said Patrick Flanagan, Carrington executive vice president of the wholesale lending division.