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Juan Carlos De La Torre

Branch Manager

Manahawkin- New Jersey

NMLS- 1098316

States Licensed: Nevada, California, Arizona

I have been in the banking industry for 12 years, starting as a teller for a local bank and moved my way up through the years. I have now been doing mortgages for 8 years and am a branch manager for Equity Prime Mortgage. My team and I have helped hundreds of families over the years by providing exceptional service and education about the mortgage process. There is no better feeling than working with first-time homebuyers throughout their home buying experience! It is also a wonderful feeling to attract their future business and referrals from friends and relatives. I enjoy taking the time to understand a client's goals and future needs. I go above and beyond the process by educating and connecting with my clients. I also enjoy building strong relationships and business structures with my referral partners. Clear communication throughout the process is a must. I look forward to serving your needs in whatever capacity necessary.

EPM Mortgage Products

Equity Prime Mortgage offers a wide variety of products to help you purchase or refinance your home. Licensed in 49 states, we are dedicated to bringing you access to the most diverse array of home lending products available in the industry. 

Conventional Loans

Conventional loans are loans that are not insured by the federal government. The borrower must have good credit, sustained employment, and income history, and be able to put down at least 3% of the total loan.

If putting down less than 20%, most lenders require PMI or Private Mortgage Insurance to be able to recover in a situation of default. Some lenders do have conventional loans a low down payment and no private mortgage insurance.

FHA Loans

FHA Loans or Government-Insured Federal Housing Administration Loans are often times used for low-to-median-income buyers when buying their first property when they cannot qualify for a conventional loan.

You can put down as little as 3.5% and these loans usually have more lenient credit-score requirements. All FHA borrowers pay an upfront and annual mortgage insurance premium (MIP) which is an insurance policy for the lender backed by the federal government.

VA Loans

VA Loans are loans insured by the U.S. Department of Veterans Affairs (VA) and are a guaranteed home buyer loan for military service members, veterans, and their spouses. Borrowers can finance up to 100% of the loan amount without a required down payment.

These loans usually have lower interest rates, lower closing costs, and no PMI or MIP is necessary. VA loans may require a funding fee however, some do not and the fee varies based on service category and loan amount.

Jumbo Loans

Loans over $548,250, which is the conforming loan limit for a one-unit property, are considered jumbo loans. Some lenders classify jumbo loans as riskier and so, will require documentation of larger cash reserves, a strong credit score, and a down payment between 10-20%.

Bank Statement Loans

This loan program is ideal for buyers that earn seasonal income, are independent contractors, or are self-employed. Working with your information on bank statements and other documentation, we are able to lend based on your income.

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