Richard Forbrich

Vice President of Sales

St Augustine- Florida

NMLS- 1293091

States Licensed: Indiana, Florida, Georgia

As a member of the St Augustine community, Richard "Coach Rick" Forbrich has had the pleasure of coaching youth football, being VP of the St Aug High School football boosters and President of The St Augustine School of the Arts Band Boosters. Being involved in these organizations helped me to be part of a very tight-knit community that welcomed us with open arms and as an added bonus I was able to stay involved daily with my two kids. I have been in the mortgage industry for 20 years. I started as an originator and quickly moved to Branch manager. I can still remember my first ever closing, Mr. and Mrs. Ortiz, and how as we carried her in her wheelchair up the stairs into her very first home for the very first time she started crying tears of joy. My wife was with me that day and she had been skeptical if I should be working in this industry with a 2-year-old and an infant to feed, but after Mrs. Ortiz told her the story of how I helped her realize the dream of homeownership, on the ride home my wife was in tears and told me "you are right where you are meant to be" and to never stop helping people. Currently, I have built "Team Forbrich" a team of some of the best, hardest working in the mortgage industry. I know that without my team I would not be successful and vice versa. My whole team is excited to have made the move to Equity Prime Mortgage LLC. We look forward to helping many more families realize their dreams of the house they wish to call home.

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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