Prosperity Home Mortgage's HomeSense Program

HomeSense—Prosperity’s Newest Program for Homebuyers

In today’s low inventory market, it can be difficult to help your buyers find the home of their dreams. It’s even more challenging when your clients also have strict mortgage requirements—like a low down payment, flexible sources of funds and no income restrictions. That’s where Prosperity Home Mortgage, LLC (Prosperity) can help with its new HomeSense program.

Aimed at assisting first-time buyers and low-to-moderate income borrowers, HomeSense guides individuals on a responsible path to owning a home with stable, fixed-rate loan options.

“For customers who have limited credit or funds, making sure they are comfortable with their monthly mortgage payment is our top priority,” said Randy Krout, SVP/national sales manager at Prosperity. Krout explained that Prosperity wants its customers to have an enjoyable homeownership experience and to be comfortable with the mortgage plan that they are entering. Using HomeSense can help them reach that point much more efficiently and allow them to get a mortgage with which they are truly satisfied and comfortable.

Here are some advantages of the HomeSense program:

  • No income restrictions
  • Flexible down payment sources with as little as 3 percent down
  • Down payment does not need to be from borrower’s own funds
  • Reduced, cancelable Mortgage Insurance (MI)
  • No credit score required with a 5 percent down payment
  • Boarder/rental income allowed
  • Up to 6 percent interested-party contributions allowed

In addition, all clients will receive complimentary education and counseling to help them further prepare for the responsibility of homeownership.

“As a mortgage company, we are committed to offering stable, responsible financing options,” said Tim Wilson, president and CEO of Prosperity. He shared that the goal of HomeSense is to help potential buyers become more confident about homeownership. He also noted that agents can help build their clients’ confidence even further by connecting them with the Prosperity team and educating them on the loan programs available to help them become homeowners.

To learn more about HomeSense, contact the Prosperity mortgage consultant in your office. You can also find a mortgage consultant near you at