ATTENTION: For Those who are serious about Getting Pre-Qualified FAST!
Bill Rapp, Mortgage Originator: NMLS 228246
"Brokers Are Better.
Better Pricing, Better Service!"
Subscribe To My List Below To Get Your Mortgage Quote Now!
Simply enter your name and email below:
WITH PROVEN STRATEGIES & PROVEN RESULTS
HERE'S WHAT MY CLIENTS SAY:
What People Are Saying:
Excellent Service
Bill is an exceptional loan officer. He helped us to purchase our home with very personal and professional service. He helped us navigate the whole process from start to closing without any problems. We didn't think we're qualified to purchase a house, but Bill went above and beyond to find a way to help us achieve our goal. He always responded very quickly with our requests, he would come back with different options with comparison chart to clearly indicate how much we need for down payment, monthly payments, interest rates, closing costs etc.
We would highly recommend Bill to anyone in need of lending services. In fact, we have already recommended Bill to one of our friends on purchasing a house.
--- David Chan - Houston, TX
Bank Statement Lending!
William Rapp of Network Funding, L. P. was very professional and I felt comfortable in dealing with him. I will definitely recommend him to family and friends.
--- Ian F - Missouri City, TX
Professionalism - Expert In Home Style Loan
Bill is an expert in the topic, his explanations and online material make a difference and he is always there from the beginning to the end. He is committed to make thing happen.
--- Felipe Caldern & Carolina Angel Gutierrez
Great Service!
Bill Rapp's handling of our loan (even though out of state) was unparalleled to any service I have been through prior, including 3 different real estate transactions and multiple refinances. Extremely quick close, with great options and flexibility for my families needs. All around A+
--- Chris & Beth Sheehan - San Jose, CA
Knowledgeable and Responsive!
Bill was a pleasure to work with and he made the loan process fairly easy. He answered all questions I had very quickly and was straight forward in doing it. I would recommend Bill to others.
--- Wes Brady - Richmond, TX
Very professional and always returned our calls!
Bill takes a lot of pride in his job and is very dependable. They were very patient and understanding. He went out of his way and explained all my questions and concerns. They were very professional and returned my phone calls and emails. He did a great job and I fully recommend him.
--- Therese, Malcom & Shirley Teixeira - Katy, TX
Great Job!
Bill helped us out from beginning to end of loan process. The loan closed in a timely manner as Bill worked hard with bank to get our to the final steps.
--- Kamal & Theresa Wilson - Hartford, CT
Avid Problem-Solver and Absolute Pleasure to Work With!
Bill Rapp worked very hard to ensure that we closed our loan and were able to move into our new home. He always had alternatives to any problems we encountered while closing. He worked with us from the beginning identifying solutions to any problems that we were having. He was an absolute pleasure to work with!
--- Nikita Rayani & Sanit Tejani - Houston, TX
Awesome to work with!
Being a first-time buyer I came in with lots of questions and concerns. Bill was always available for any questions I had and answered everything to my satisfaction. Bill made the loan process so painless that I could still concentrate on other things. We ended up closing early which made things even better. If you are in need of a lender and want someone who is very approachable and stays on top of your loan then Bill is your guy.
--- Cesar Raya - Richmond, TX
Loan Declined by my bank, and he saved the day!
Bill, did an amazing job helping me close on my house. He took the reigns and reassured me the best route to take to help close. He was accountable, thorough and trustworthy. I will continue to work with Network Funding, L.P. when it comes to home buying in the future because of the quality of service Bill gave.
--- Jacob Smith - Boerne, TX
Bill Rapp Will Definitely Make It Happen!
Bill is the most kind, patient and helpful person I have ever known. He answers his phone calls and emails promptly. You can ask him a million questions, and he will answer each and every one of them. Before I started working with Bill, I had been turned down for a home loan, because of some past credit issues I had, plus I was a single mother. However, once I started working with Bill, he was able to quickly get me a home loan, with a good interest rate. I would recommend that you call him, as he will help you.
--- Corinne Wilson - Roselle, NJ
Knowledgeable, Honest, Trustworthy, and Reliable!
"I will definitely keep you in mind. If anyone I know needs financing, I will send them your way!"
--- Jon & Andrea Saleem, CRPC Financial Advisor - Houston, TX
Best Dam Mortgage Guy a man could know!
"Hands down the best loan experience to date!"
--- Gabe & Chelsea Jackson - Pearland, TX
Phenomenal, Hard Working and Never Quits!
Had a stupid foreclosure that could have been avoided if ex’s attny would have sent my buy out offer. So Bill was able to push this through with a 4 year foreclosure. He worked his butt off, was very diligent with his communication; and was very professional talking to me even when I was screaming and/or crying at him. Highly recommend this lender. He really go to the ends of the earth to help you!
--- Liz Keeter - Harlingen, TX
Exceptional customer service!
Bill is the most kind, patient and helpful person I have ever known. He answers his phone calls and emails promptly. You can ask him a million questions, and he will answer each and every one of them. Before I started working with Bill, I had been turned down for a home loan, because of some past credit issues I had, plus I was a single mother. However, once I started working with Bill, he was able to quickly get me a home loan, with a good interest rate. I would recommend that you call him, as he will help you.
--- Isha Lopez & Mauricio Garcia - Houston, TX
Service with a capitol S
Bill went above and beyond at every turn. He worked late on Saturday, he worked late all the time. We wanted to close ASAP and he really helped make it happen for us.
--- Jeff & Wendy Heger - Houston, TX
Best Buying Experience!
I would would highly recommend going with Network Funding LP. As a first time home buyer I didn't know what to expect. Bill Rapp was very helpful in answering all my questions and guided me through all ghe steps. I couldn't have asked for a better buying experience!
--- Tabitha Turner - Humble, TX
Would recommend him and use him again!
Very involved and professional . Kept me informed and up to date on everything that was going on Went with me closing and was very helpful and knowledgeable.
--- Kathy Ward - Houston, TX
Great experience!
Well I meet bill back in December 2016 he got recommended by my real estate agent we had a house in sight and started the process to get approved but we fail due to my work history and credit bill told me not to give up and put me in contact with a credit repair company they help me bring my score up and bill walk me thru the process of getting a new line so this time around we got approved before looking for our house after we found it we still had a couple of hick up but with bills help on Sunday 6-18-17 to be exact Father's Day bill called me to give me the great news that we had got approved and the closing date was as scheduled bill was more than just a lender to my family he became a friend and I'm alway going to have him in mind for any other financial situation.
--- Alejandres Felimon - Richmond, TX
I really liked his attitude!
I wouldn't usually say this but the way he had handled my mortgage was really pleasant. I personally enjoyed the time spent with him while we discussed feasible rates. He's a great man with a great personality and he offered really low interests as well. Definitely recommend him to others.
--- Tom Troiano - Atlantic City, NJ
He's nothing short of a miracle!
I'm a self-employed businessman and had him figure out the mortgage of the house after 30% down payment. The interest rates I received were incredibly low given what I had thought of earlier. One other important thing to note was that I hadn't really taken any loans earlier, so I had no credit history. He helped me out with all that as well so I can't really call him anything else but a miracle.
--- Fran Suarez - Cleveland, OH
He's really helpful!
I made a bid to him and the very same day he gave me an offer which I couldn't resist. It was too intimidating with those incredibly low interest rates and all, thoroughly recommend him.
--- Kenny Mickle - Houston, TX
Expeditious!
Bill was very expeditious and made it real easy going through the loan process. I felt he was on top of things.
I deal with investment properties and will more than likely call on him again.
--- Wayne King - Pensacola, FL
Bill was great!
Bill made us feel like a friend all the way thru the process. He was patient and explained everything he needed clearly. He was available ANYTIME we had questions or needed more information. Hopefully we won’t go thru this process again anytime soon, but if we do - we’d choose Bill! =)
--- Barbra & Nick Grimmer - Austin, TX
Great broker!
Bill was a great broker to work with. As first time home buyers we had many questions about the process, Bill took the time to help us even calling us back on weekends with answers. I would not hesitate to recommend him to anyone looking for a broker to work with.
--- Murray & Lisa Turner - Pensacola, FL
Outstanding service!
I couldn't have been more pleased with Bill's level of service. He made what is typically a lengthy, arduous process far quicker and easier at every turn. I'm extremely comfortable recommending Bill to friends and family, and will definitely utilize his services again!
--- Jim Lipari - Austin, TX
Renovation Mortgage Specialist
Two little-known home renovation mortgage programs offer solutions for buyers and homeowners who want to renovate.
Fannie Mae and the Federal Housing Administration have home renovation mortgage programs that allow buyers to borrow based on what the house is expected to be worth after the home rehab is completed. Homeowners can also use both programs to refinance their existing mortgage plus the renovation costs into one loan.
FHA's 203(k) program and Fannie's HomeStyle Renovation Mortgage have been around for years. In the old days -- when most borrowers could easily get second mortgages or generous credit lines to pay for renovations -- these loans weren't as appealing as they are today.
Home renovation loans are in Demand !
"A couple years ago, there wasn't as much demand for these loans," says Bill Rapp, a senior loan originator with Network Funding in Houston, who specializes in renovation mortgages. Demand surged in the aftermath of the housing crisis, when borrowers saw them as a way to buy and renovate distressed properties.
How it works Unlike credit lines, these renovation loans require borrowers to show that the money was spent on the house. In the standard FHA 203(k) program, the borrower hires a consultant to assess the construction plan and to perform an inspection before each draw is made. A "draw" happens when a portion of the money is disbursed to the contractor. Borrowers have up to six months to finish the project and are allowed up to five draws. The HomeStyle program does not require a consultant to monitor the work, only an initial and final inspection.
Great for foreclosure hunters !
While rehab loans involve more work than traditional mortgages, they can be a great tool for those who want to buy discounted homes that need repair.
Bill Rapp says he helped a couple who bought a foreclosed house in Houston, TX for $26,000 and borrowed $136,000 to renovate the property. An appraisal estimated the home would be worth about $135,000 after the work was completed. The couple was able to take out an FHA 203(k) mortgage totaling $144,000, which covered the price of the house, renovations, and loan costs, minus a down payment.
But how do you know which loan is best? It depends on the situation.
203(k) vs. HomeStyle .
Those who don't have great credit should probably opt for an FHA 203(k). Most Fannie Mae HomeStyle lenders require a credit score above 660. To get the best rate on a HomeStyle mortgage, borrowers need to have a minimum 740 credit score, Bill Rapp says.
"If you have a 740 score and 10 percent down, a HomeStyle is definitely cheaper," she says. That's because FHA mortgages carry higher mortgage insurance premiums for borrowers who put the least amount down. FHA 203(k) home renovation mortgages have an upfront fee that is rolled into the loan amount. Less-than-stellar credit For borrowers with credit scores lower than 740, it's best to compare estimates, Bill Rapp says.
FHA does not set a minimum score requirement for 203(k) loans, but many lenders require a score of 640 or greater. There are a few exceptions, and some lenders accept scores as low as 580, Bill Rapp says.
Under the FHA's 203(k) program, borrowers can get a mortgage with a down payment as little as 3.5 percent. HomeStyle requires a minimum 5 percent down payment.
The FHA 203(k) program is available only for owner-occupants. The HomeStyle program allows investors.
How much do you need?
Another key factor a borrower should consider when deciding whether to go with a 203(k) or a HomeStyle home renovation mortgage is the size of the loan.
The 203(k) rehab mortgage has to comply with FHA loan limits. The limit varies by county but is $314,827 in most places. In high-cost areas, the limit is as high as $765,525.
You may be able to borrow more with the 203(k) than with HomeStyle if you are borrowing up to the local loan limit.
With a 203(k) loan, borrowers can get up to 110 percent of the home's appraised value, compared with 95 percent with a HomeStyle loan. Both appraisals are based on what the house is expected to be worth after repairs.
What do you want to fix?
FHA's 203(k) rehab loan does not allow borrowers to use the money for luxury items such as adding a swimming pool or a spa, but HomeStyle does.
Borrowers can opt for a streamline FHA 203(k) home rehabilitation loan if they need less than $35,000 and don't have to do any structural repairs or major landscaping work. The streamline 203(k) is similar to a standard 203(k) but is easier to get and involves less paperwork and less bureaucracy, Bill Rapp says. Streamline loans don't require the borrower to hire a consultant.
Call Bill Rapp, The Mortgage Viking, today to discuss your options 281-222-0433.
🏡 The Independent Mortgage Broker Advantage: More Loan Options, Personalized Guidance & Smarter Financing 🔑
🏡 The Independent Mortgage Broker Advantage: More Loan Options, Personalized Guidance & Smarter Financing 🔑
💰 Why Choose an Independent Mortgage Broker? More Choice, More Flexibility & Better Mortgage Solutions 🏠
The Independent Mortgage Broker Advantage
Buying or refinancing a home is one of the largest financial transactions most people will ever make. Yet many borrowers begin the process assuming that their bank is automatically the best—or only—place to get a mortgage.
It isn't.
An independent mortgage broker approaches home financing differently. Instead of representing a single bank and being limited primarily to that institution's mortgage products, a mortgage broker can evaluate loan programs from multiple lenders.
That distinction can give borrowers something extremely valuable: choice.
At Medallion Funds, our objective is to help borrowers evaluate financing based on their individual financial profile, property, and goals—not simply fit every borrower into the same lending box.
What Is an Independent Mortgage Broker?
A mortgage broker serves as an intermediary between a borrower and potential mortgage lenders.
A traditional bank or direct lender generally offers its own lending programs. If you qualify for those programs, that may work well. If your circumstances fall outside the lender's guidelines, however, your choices at that institution can become limited.
An independent mortgage broker can potentially access multiple wholesale lenders and loan programs.
That creates an important advantage.
Instead of asking:
"Do you qualify for our mortgage?"
The conversation can become:
"Which available mortgage program may fit your situation?"
That is a fundamentally different approach to mortgage financing.
Advantage #1: Access to More Mortgage Options
One of the biggest potential advantages of working with an independent mortgage broker is access to a broader selection of loan programs.
Depending on the borrower's qualifications and property, those options may include:
·Conventional mortgages
·FHA loans
·VA loans
·USDA loans
·Jumbo mortgages
·Non-QM loans
·Bank statement mortgages
·Asset-depletion programs
·Investor and DSCR financing
·Doctor and professional mortgage programs
·Construction and renovation financing
No single program is right for every borrower.
A salaried first-time buyer, self-employed business owner, physician, veteran, real estate investor, and high-net-worth borrower can have dramatically different financial profiles.
The value of a mortgage broker is the ability to evaluate those differences and identify financing options designed around them.
Advantage #2: Shopping Multiple Mortgage Lenders
Mortgage rates matter, but rate alone does not determine whether a mortgage is a good deal.
Borrowers should also consider factors such as lender fees, points, mortgage insurance, down payment, prepayment provisions where applicable, underwriting requirements, loan structure, and total cash required to close.
An independent mortgage broker can compare available options among multiple lenders rather than relying exclusively on a single lender's rate sheet.
More importantly, the goal should not simply be finding the lowest advertised mortgage rate.
It should be finding a competitive mortgage structure that fits the borrower's overall objectives.
Advantage #3: Solutions for Self-Employed Borrowers
Self-employed borrowers frequently discover that mortgage underwriting treats income differently than they expected.
Business owners often legitimately minimize taxable income through deductions and tax planning. That can be beneficial from a tax perspective but potentially create challenges when traditional mortgage underwriting relies heavily on taxable income.
An independent mortgage broker may be able to evaluate alternative programs, including certain bank statement, P&L, asset-utilization, one-year tax-return, or other Non-QM mortgage programs, when appropriate.
These programs aren't shortcuts around underwriting. Borrowers still need to meet applicable credit, income, asset, property, and program requirements.
The difference is that alternative documentation can provide another way to evaluate qualified borrowers whose finances do not fit conventional underwriting neatly.
Advantage #4: Options When a Bank Says No
A mortgage denial from one bank doesn't necessarily mean that every lender will reach the same conclusion.
Lenders can have different overlays, credit requirements, debt-to-income limitations, property guidelines, reserve requirements, and underwriting criteria.
That means a borrower who doesn't qualify with Lender A could potentially meet the requirements of Lender B.
This is where access to multiple lending sources can become especially valuable.
Rather than starting the mortgage process over independently with one lender after another, a mortgage broker can help identify programs that better align with the borrower's circumstances.
Advantage #5: Personalized Mortgage Guidance
Mortgages are not commodities.
Two borrowers purchasing homes for exactly the same price may need completely different financing strategies.
Consider questions such as:
How long do you expect to own the property?
How much cash do you want to keep after closing?
Is minimizing your monthly payment more important than minimizing upfront costs?
Could you benefit from paying points—or would retaining liquidity make more sense?
Are you self-employed?
Do you expect your income to increase significantly?
Is the property a primary residence, second home, or investment?
These considerations can affect which mortgage structure makes sense.
The objective should therefore be broader than simply asking, "What's today's rate?"
A better question is:
"What financing strategy best supports my goals?"
Advantage #6: A Mortgage Broker Can Help Manage the Process
Finding a lender is only one part of obtaining a mortgage.
A transaction can involve loan officers, processors, underwriters, appraisers, insurance agents, title companies, real estate agents, builders, attorneys, and other professionals.
A mortgage broker helps coordinate the financing side of that process—from initial qualification through underwriting and closing.
For homebuyers, particularly first-time buyers, having an experienced mortgage professional helping manage those moving pieces can make the process easier to understand.
Mortgage Brokers Can Help Real Estate Agents, Too
The independent mortgage broker model can also benefit real estate professionals.
Agents need financing partners who can help:
·Properly qualify buyers before offers are submitted
·Identify potential financing problems early
·Evaluate alternative loan programs when conventional financing doesn't work
·Communicate throughout underwriting
·Help keep financing timelines moving
·Structure solutions for unusual borrower profiles
Strong financing can make a purchase contract stronger.
For real estate agents and builders, working with a mortgage professional who has access to multiple lending channels can create additional financing possibilities for their clients.
The Lowest Mortgage Rate Isn't Always the Best Mortgage
Borrowers understandably focus on interest rates.
But financing decisions should consider the entire transaction.
Imagine one mortgage offering a slightly lower rate but requiring significant discount points, while another carries a modestly higher rate with substantially lower upfront costs.
Which is better?
The answer depends on factors such as how long you expect to keep the mortgage and your financial objectives.
That is why mortgage comparisons should consider rate, APR, lender costs, points, monthly payment, cash to close, loan features, and expected holding period.
A mortgage should be evaluated as a complete financial structure—not simply as an interest rate.
Who May Benefit From Working With an Independent Mortgage Broker?
Mortgage brokers can be particularly valuable for borrowers who want to compare multiple financing options or have circumstances that require more specialized underwriting.
That can include:
First-time homebuyers who need guidance comparing conventional, FHA, VA, USDA, and down-payment strategies.
Veterans and active-duty borrowers exploring VA purchase, refinance, construction, or renovation possibilities where available.
Doctors and dentists who may qualify for specialized professional mortgage programs.
Self-employed borrowers whose taxable income doesn't necessarily reflect their complete financial capacity.
Real estate investors seeking financing based on investment-property economics.
High-net-worth borrowers evaluating jumbo or asset-based strategies.
Borrowers with unique financial profiles who may not fit standard agency underwriting guidelines.
Independent Doesn't Mean One-Size-Fits-All
The biggest advantage of an independent mortgage broker isn't any single mortgage product.
It's the ability to evaluate alternatives.
Some borrowers will ultimately discover that a conventional mortgage is their strongest option. Others may benefit from government-backed financing, jumbo lending, specialized professional programs, or Non-QM financing.
The objective isn't to make the loan more complicated.
It's to identify an appropriate financing path based on the borrower.
Work With Medallion Funds
At Medallion Funds, we believe borrowers should understand their mortgage options before making a major financial decision.
Whether you're purchasing your first home, moving into your next property, refinancing, investing in real estate, or trying to qualify with a more complex income structure, we can help evaluate available financing strategies.
More lender options. More flexibility. Personalized mortgage guidance.
That's the Independent Mortgage Broker Advantage.
Bill Rapp
Partner & Capital Advisor | Medallion Funds
Commercial Lending Nationwide
Residential Lending in AL, CA, CO, NV & TXBottom of Form
https://www.billrapponline.com/
https://findamortgagebroker.com/Profile/WilliamRappJr28883
https://billrapp.commloan.com/
https://billrapponline.com/financingfuturescre-houston-katy
https://houstoncommercialmortgage.com/
https://author.billrapponline.com
https://doctorvideo.billrapponline.com/
https://veteransvideo.billrapponline.com/
https://mortgageviking.billrapponline.com/
https://fha203h.billrapponline.com/
https://renovationvideo.billrapponline.com
https://medallionfunds.com/bill-rapp/
https://www.amazon.com/dp/B0F32Z5BH2
https://veed.cello.so/FOmzTty6oi9
https://buymeacoffee.com/vikingente3
https://creplaybookseries.billrapponline.com
https://creplaybook.billrapponline.com/
© Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Main Office:
Medallion Funds
[email protected]
11920 Southern Highlands PKWY Suite 302Las Vegas, NV 89141
Texas Complaint and Recovery Fund Notice
All Rights Reserved Copyright © 2021 - Bill Rapp The Mortgage Viking | NMLS #228246