What 43 Purchase Closings in June Actually Looks Like

June was one of the most exciting months of Joe Bigelman's career. Forty-three purchase transactions closed in a single month. That number is not the result of luck or an unusually favorable market. It is the result of a process that is built around how pre-approvals are written, how realtors structure their offers, what Joe does to help those offers get accepted, and which loan products are matched to each specific borrower's situation.

The variety of loan types that made those forty-three closings possible tells the real story about what it takes to produce that kind of volume in today's market.

The Loan Products That Made It Happen

DSCR loans for real estate investors. Traditional income qualification was not the path for these borrowers. The rent schedule on the investment properties did the qualifying work instead. The property's cash flow demonstrated the ability to support the mortgage payment and the deal got done without requiring the investor to show personal income that their tax strategy may have minimized.

Bank statement loans for self-employed borrowers. Tax returns showing insufficient income are one of the most common barriers self-employed buyers face in conventional lending. When the deposits flowing into the business or personal bank statements over twelve to twenty-four months told a different and more accurate story about the borrower's financial capacity the bank statement program bridged that gap and produced approvals that the tax return could not.

A jumbo loan for a borrower with forty-five businesses. That is not a typo. Forty-five business entities. The kind of complex financial picture that sends most lenders in the other direction. Joe closed it.

FHA loans and grant programs for first-time homebuyers who needed low down payment options and assistance with the upfront costs of getting into a home. Great jumbo products for buyers in higher price ranges. Conventional loans for borrowers whose profiles fit the standard framework efficiently. A full range of products applied to the specific situation each borrower presented.

Why Process Is What Makes the Volume Possible

Forty-three closings in a single month does not happen by accident and it does not happen by treating every borrower the same way. It happens when the pre-approval is written correctly from the start so that the offer the realtor submits carries real credibility with the seller. It happens when the offer strategy is built around what the specific seller needs rather than a generic approach. It happens when the loan officer knows which product fits which borrower rather than defaulting to whatever is most familiar.

The buyers who closed in June came from every part of the borrower spectrum. Investors. Self-employed business owners. First-time buyers. Jumbo buyers. Complex financial situations that required creative and knowledgeable solutions. And buyers whose profiles were straightforward but who needed a lender who could execute efficiently and close on time.

Joe Bigelman helped all of those clients have successful closing months in June and the same process is available for buyers who are ready to move now. Reach out to Joe Bigelman to find out which loan product fits your specific situation and what it would take to get your transaction to the closing table.

Sources

MortgageNewsDaily.com
ConsumerFinancialProtectionBureau.gov
NationalMortgageProfessional.com
Investopedia.com
NAR.realtor