Danielle Padovano

Mortgage Loan Officer

Manahawkin- New Jersey

NMLS- 1543383

States Licensed: New Jersey

Dani Padovano is the Origination Support Manager of Equity Prime Mortgage. Dani was originally introduced to EPM while working as a Realtor in Ocean County, New Jersey. After years of referring all of her clients, eventually loved the company so much made the choice to leave the world of being a Realtor and joined the team as a Loan Processor in 2013 and has worked her way up to managing her own department. Originally from Long Island, New York graduated with a Bachelor of Arts in Communication Arts from Mount Saint Mary in Newburgh NY. After college lived in Manhattan for 13 years gaining an extensive Advertising Sales background in the publishing and the radio industry. Dani was also even an On-Air radio host for a short time. In her spare time, Dani can be found on the beach playing volleyball or volunteering her time as the longest running coach with the Stafford Township Youth Rec League. Dani has spent the last 11 years living at the Jersey Shore with her husband who has been a local small business owner for the past 30 years of a family owned bakery.

EPM Mortgage Products

EPM offers a wide variety of products to help you purchase or refinance your home. We are licensed in all 50 states including Puerto Rico and Washington, D.C. and 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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