Southwest Solutions has opened a new for-profit lending mortgage broker, Southwest Lending Solutions, with offices on Vernor east of Grand Blvd. They've hired Dave LeClerc, who has over 20 years lending experience, to get the new program off the ground.
SLS may be for-profit, but new lending officer Emily Doerr says the brokerage is similarly committed to the Southwest area. "The profits for the mortgage will be reinvested into Southwest Detroit, rather than to the profit margins of a bank," she explains.
SLS currently has three banks backing them as lenders, and are doing conventional loans, regular FHA loans, FHA 203K loans for rehab assistance, and refinances. Doerr says they are targeting young professionals and families investing in the city, as well as anyone in the suburbs -- they will underwrite mortgages outside of Detroit.
Doerr says, "We have just as competitive rates as any other bank or lender, all the way down to closing costs." Affiliation with Southwest Solutions offers buyers access to credit repair and pre-purchase counseling classes.
And, rest assured, SLS won't be offering adjustable rate mortgages.
Contact Emily Doerr at (313) 670-0149 or
email her.
Source: Emily Doerr, lending officer, Southwest Lending Solutions
Writer: Ashley C. Woods
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