About Us
Office 704-728-0191 Direct Lender - In-House Processing In-House Underwriting means faster loan approvals and higher pull through.
Communication
We communicate throughout the loan process, explaining it clearly, while educating you on the product choices that fit your individual needs.
Experience & Integrity
Over 100 years of combined residential lending experience, Element Home Loans will seamlessly guide you through the home buying process.
Customer Service
We are committed to providing excellent customer service that you deserve.
“A High Powered Mortgage Company With A Hometown Feel”
About Us About Element Home Loans a division of NFM Lending.
NFM is a nationwide lender. Combined with Element Home Loans the combination provides customers with cost benefits, purchasing power and financial stability. Element Home Loans is one of the Southeast’s fastest growing mortgage lenders. As a well-capitalized, full-service mortgage banker, Element Home Loans offers conventional, VA, FHA, USDA and other mortgage products to best fit your needs. Element Home Loans works with top builders
Through Element Home Loans, we offer trust and integrity. Rely on us.
and agents throughout the greater southern United States metro area and assists customers by providing fast approvals, competitive rates and a smooth home financing experience.
Core Values
• Integrity in the loan process • Innovation in products, programs and services • Support for our partners • Caring for the communities we serve • Exceptional customer service
Your Satisfaction
Built upon trust, commitment and dependability, we are dedicated to creating an enduring relationship with you and meeting your needs. As your partner in home financing, your ultimate satisfaction is very important to us.
The Difference
We offer you a skilled team of mortgage experts. • Upfront underwriting within 48 hours of loan submission • Processing and closing within the branch • Operations team together for more than 20 years • Fast closings • Great rates
About Joe Joe has been a Carolina native for the past 12 years. After attending the University of North Carolina at Wilmington to obtain his degree in Business Finance, he returned to Charlotte to work with the Element Home Loan family. During his time at UNCW, Joe was a recruitment chairman and vice president of his fraternity chapter. He was an active participant in numerous Chapter Executive Conferences and Leadership Summit Retreats. When Joe is not servicing his clients, he enjoys spending his free time at the gym, watching the Charlotte Hornets, and rooting on the University of Arizona Wildcats!
Joe Hudson Mortgage Loan Orginator NMLS# 2335373
Meet the Team
Brad Roche The Mortgage Planner
Brad Roche has been a Mortgage Planner for 30 years and continues to rank nationally for his sales volume. He had the privilege of being a National Sales Trainer for 16 years, a Direct Endorsed Underwriter for HUD 10 years and a Licensed Real Estate Agent for 11 years. He has several certifications in Leadership Training and was awarded a Master Graduate in 2000. In addition, he has been lead developer on multi-million dollar projects, in commercial & residential. Recently, Brad has been approved as a certified class instructor with Central Piedmont Community College. They are the largest community college in the U.S. In addition, he is also a best selling author 3 times over sharing his mortgage, coaching and investment property knowledge in his books which are available on Amazon. He has been in many articles and press releases for mortgage related topics as shown below and noted as an expert in his field.
NMLS# 135191
Angela Roche Operations
Bradley Roche II Consulting Manager
Recent Client Reviews The mortgage process can be complex and often surprising when things are reviewed or inspected. This can add layers-and you want someone in your corner to handle it. While we strive for perfection with our product selection for each client, the process and our advice, we also grow each survey so we can perform better from our experiences at the highest level for our clients. - Brad Roche January 25, 2021
Every step needed was made clear along the way. The entire team was very helpful during the process to assist in educating me while purchasing my first home. Alex M.
January 19, 2021
The communication was absolutely stellar at all times through out the process AND the portal was super easy and user friendly! Maxine A.
January 14, 2021
We had such an easy refinance with Element Home Loans! Brad and his team were amazing through everything and the process was super smooth. I let our realtor know to use them in the future when they need a mortgage company. Ryan B.
January 10, 2021
Best experience we have had! Hands down! Kasey W.
Mortgage Solutions for the Non-Traditional Borrower
Just Missed (No More!) The Just Missed product is a great solution for borrowers who may otherwise “just miss” qualifying using a traditional mortgage loan due to unpredictable income or recent credit challenges. With this product borrowers can use assets and income to supplement typical qualifying income requirements .
LOAN DETAILS: • Loan amounts to $2MM • 620 Min FICO • Fixed and adjustable-rate mortgages Interest-only options available • Debt-to-income (DTI) up to 55% with compensating factors • Traditional income documentation
• All occupancy types (primary residence, second home or investment property) • Assets may be used to supplement income • Non-warrantable Condos may be considered • 2 years removed for any major credit event
Reach out to find out how our mortgage solutions can help the non-traditional borrower!
ApplicationChecklist Checklist Application NEEDS LIST
Loan Application Documents Needs List
ALLALL BORROWERS: BORROWERS:
SELF EMPLOYED BORROWERS: SELF EMPLOYED BORROWERS:
SELF ALLW-2’s BORROWERS: m W-2’s for for lastlast two mEMPLOYED Copies ofBORROWERS: most years taxwith returns m twoyears years m Copies of most recentrecent 2 years2tax returns all with all Copies of most recent 2 years tax returns with all schedules W-2’s for last two years m Most current paycheck stubs schedules including K-I’s if applicable m Most current paycheck stubs schedules including K-I’s if applicable including K-I’s if applicable Most current paycheck stubs m Checking and Savings account statements to m Current Currentprofit, profit, lost statement, and balance sheet statement, balance sheet Checkingand and Savings account statements to include all m Checking Savings account statements to m Currentlost profit, lost and statement, and balance sheet include all pages even if blank (last 2 months) m Copy of corporate/partnership tax returns most Copy of corporate/partnership tax returns for most for recent pages even if blank (last 2 months) include all pages even if blank (last 2 months) m Copy of corporate/partnership tax returns m Quarterly Quarterlyoror semi-annual statements for checking, recentperiod 2-year period25% if owning or more of of for 2-year if owning or more 25% of company-copies semi-annual statements for checking, savings, m Quarterly orIRA’s, semi-annual statements forprofit checking, most period1099 if owning W-2’s and/orrecent 1099 forms IRA’s, CD’s, money market funds, stocks, 401K, sharing savings, CD’s, money market funds, stocks, company-copies of2-year W-2’s and/or forms 25% or more of etc. 401K, IRA’s, profit sharing etc. savings, CD’s, money market funds, stocks, MISC. company-copies of W-2’s and/or 1099 forms REQUIRED DOCUMENTS: MISC. REQUIRED DOCUMENTS: Copy ofoffully executed salessales contract m Copy fully executed contract 401K, profit sharing m Relocation Relocation Agreement if financed by employer, Agreement if financed by employer, i.e.buyout Employment history foretc. last two years m Employment history for last two years i.e.buyout agreement plus outlining documentation agreement plus documentation company, outlining and paid Residency for last sales two years complete with landlord MISC. REQUIRED DOCUMENTS: m Copy of fullyhistory executed contract m or Residency history for last information two years complete with closing costsand benefits mortgage company contact company, paid closing costs benefits m Agreement ifneed financed by employer, i.e.buyout m Employment forcompany last when twocontact years landlord earnest orhistory mortgage copies of petition for bankruptcy Canceled money check it clears information m Previous Previousbankruptcy, bankruptcy, need copies of petition for and discharge, including schedule outlining company, agreement plussupporting documentation m Residency history last two years complete with security card for and driver’s license for all m Social Canceled earnest money check when itborrowers clears and bankruptcy and discharge, including supporting Divorce Decree signed by judge if applicable non-purchasing spouse m Social security card and driver’s license for all and paid closing costs benefits landlord or mortgage company contact information schedule Documentation supporting moneys received from social Tax returns from past two years spouse borrowers andthe non-purchasing m Divorce Decreebankruptcy, signed by judge if applicable m Previous need copies of petition for m Canceled earnest money check when it clears security/retirement trust income, i.e. direct deposit bank Copy of Note, Deed of Trust, Settlement Statement, and m Tax returns from the past two years m Documentation supporting moneys received statements, awards letter, evidence of income Survey if refinancing. bankruptcy and discharge, includingfrom supporting m Social security card and driver’s license for all m Any Copy of Note, Deed ofpayment, Trust, Settlement assets used for down closing cost,Statement, cash social security/retirement trust income, i.e. direct schedule borrowers and non-purchasing spouse by a paper DOCUMENTS and Survey refinancing. FORstatements, VA LOANS: awards letter, evidence of reserves, and if large deposits must be documented deposit bank Original Certificate of Eligibility and copy DD214ifCertificate trail. m Any assets used for down payment, closing m Divorce Decree signed by ofjudge applicable m Tax returns from the past two years income of Release or Discharge from Active Duty Copiescost, of sold properties if paidand off mortgage in last two years cash reserves, large deposits must m Documentation supporting moneys m Copy of Note, Deed of Trust, Settlement Statement, DOCUMENTS Name and address of nearest FORliving VArelative LOANS: received from be documented by a paper trail. social security/retirement trust income, i.e. direct and Survey if refinancing. m Original Certificate of Eligibility and m Copies of sold properties if paid off copydeposit of DD214 Certificate of Release or Discharge bank statements, awards letter, evidence of m Any assets usedmortgage for downinpayment, closing last two years from Active Duty income cost, cash reserves, and large deposits must be m Name and address of nearest living relative documented by a paper trail. DOCUMENTS FOR VA LOANS: m Copies of sold properties if paid off m |Original Certificate of Eligibility and copy of DD214 mortgage in last years Copyright 2017 two All Rights Reserved | Brad Roche, NMLS ID#135191. Element Funding | www.nmlsconsumeraccess.org North Carolina - Mooresville - Commissioner of Banks, Mortgage Lender License, L-112833-194 South Carolina - Mooresville NC Branch - Dept. of Consumer Affairs, OTNof #1, Board of Financial Institutions m MLB-1298133 Certificate Release or Discharge from Active Duty m Name and address of nearest living relative
Mortgage Process
The Mortgage Process, Step by Step
Before you purchase a home, get acquainted with the basics of the home loan process. Follow these steps to familiarize yourself with common terms and milestones, and for a smoother overall buying experience. You’ll be glad you did!
Preapproval: A preapproval helps you know in advance how much home you can afford. To start, you may be asked to complete a loan application. Completing this step will also increase your negotiating power when making a purchase offer.
Documentation: Paperwork supporting the
application must also be submitted, which includes income and asset documents.
The Hunt: Begin shopping for a house. Once
you find the right one, the terms of the sale will be negotiated, including the price and potentially the terms of the loan being sought. A professional real estate agent can make this part of the process fun and less frustrating.
Inspection and Appraisal: Lenders require an
appraisal and may require certain inspections on all home sales. By knowing the true value of the home, the borrower is protected from overpaying. During this time, a title examination is also performed to determine whether any liens exist on the property’s previous owners.
Loan Decision: The loan is approved or declined. A conditional loan approval may be contingent on additional documentation or actions. In some cases a counter approval may be provided with alternative loan options.
Tuesday Updates: Each week our Loan
Concierge provides a weekly status update to our clients and all involved in the transaction keeping everyone on the same page each week until closing. Additional updates are provided at other times during the process, however, we like to make sure all the bases are covered on a regular weekly expectation.
Closing: All final loan and escrow documents are
signed. The lender confirms and completes the transaction with the necessary loan funds.
Scan to Download Application Checklist & Process Guide
Moving Checklist MOVING DAY___________ START TIME____________ Book truck and/or movers Arrange child care for day of move Arrange pet care for day of move
PACKING
Purchase and/or collect boxes Get bubble wrap, newspaper/ tissue and packing tape Print labels for boxes or have a thick black marker on hand Collect giveaway items to donate Purge unneeded items Keys Stanley Knife
PERSONAL ITEMS
Daily medications Toiletries First aid kit Baby needs Pet needs Change of clothes Phone chargers Radio
HOUSEHOLD
Toilet Paper Soap (dish, laundry, etc.) Cleaning kit Bed linen Towels Pillows
CHANGE ADDRESS
Post office Government Veterans Administration Library Friends and Family Banking (order new check book) Insurance Doctor Dental School Place of Employment Cell phone Credit Card Subscriptions (magazine, newspaper etc.)
SERVICES TO DISCONNECT AND/OR TRANSFER Cable Internet Phone Electric Alarm Gas Water Sewer Trash & Recycling Toll Pass
CONTACT
Lawyer Accountant Broker Hair Stylist Dry Cleaner House of Worship
REGISTRATION
Driver’s license Vehicle registration Electoral roll Medicare Organ donation register Loyalty program
CLUBS
Health & fitness County Club
MISCELLANEOUS
Cleaning arrangements Change locks on new home Schedule needed maintenance Save all moving receipts Meal plan for first few days
Don’t Do List
DON’T DO LIST
A GUIDE TO PREVENT LOAN DELAYS AND POSSIBLE REJECTION
1
6
DON’T make large non-payroll deposits without checking with your Loan Originator.
DON’T use credit cards excessively, let your accounts fall behind, or increase credit limits.
DON’T open a different bank account.
DON’T apply for any new credit accounts.
3
8
2
7
DON’T change jobs, become self-employed, or quit your job.
DON’T buy furniture or appliances.
4
9
DON’T take any unpaid time off.
DON’T buy a car, truck, van, or other type of vehicles.
DON’T spend money you have set aside for closing.
DON’T co-sign a loan for anyone.
5
10
Frequently Asked Questions Top 10 Mortgage Questions Answered WHAT IS A PRE-APPROVAL LETTER AND WHY SHOULD I GET ONE? The lender issues an approval that states the lender agrees to provide a mortgage to a homebuyer. Commitment letters help you set realistic goals while your house hunting, provide the same negotiating ability as a cash buyer, and enable you to move quickly once the perfect home is found. WHAT DOES IT MEAN TO WAIVE ESCROWS? When you waive escrows, you take the responsibility of paying your taxes and insurance rather than having them included in your monthly payments. Waiving escrows may add a small fee to your closing costs. You can only waive escrows on Conventional loans and when the loan to value is 80% or less. HOW DOES FOR SALE BY OWNER (FSBO) WORK? Homeowners trying to sell their home without agent representation are hoping to save on commission costs. Most times the homeowner will work with an agent since the agent is introducing a potential buyer to the property. WHAT IS PITI? PITI is the principal and interest on the loan, plus the monthly amount for property taxes and insurance (the components of a monthly mortgage payment). This combined figure is used for determining a payment you may be able to afford. WHAT ARE POINTS OR ORIGINATION FEES? One point is equal to 1% of the loan amount. Points and origination fees are to buy down the interest rate and are tax deductible on purchase transactions. WHAT IS PRIVATE MORTGAGE INSURANCE AND IS IT MANDATORY? PMI is insurance required to cover the lender on a Conventional loan should the borrower default on the home. Eliminate PMI by having a down payment of at least 20% or by obtaining a second lien with an 80-10-10 or 80-15-5 program from another lender. Second lien programs result in two separate payments, one per lender. WHY DID I RECEIVE LOAN ESTIMATE AND CLOSING DISCLOSURE FORMS? The Loan Estimate form received within three business days after submitting a loan application will help consumers understand key features, cash to close, monthly payment, and mortgage related risks. The Closing Disclosure form provided three business days before the closing date will help consumers understand and verify the cost of the transaction. WHAT IS THE DIFFERENCE BETWEEN FHA AND VA LOANS? The Federal Housing Administration guarantees an FHA loan. FHA issues specific guidelines for mortgages. The Veterans Administration guarantees VA loans. VA loan borrowers must have served in the Armed Forces. WHAT INSPECTIONS DOES THE LENDER REQUIRE? A termite report is required on VA appraised transactions. Any infestations must be treated. If the Appraiser mentions or recommends repairs in the Property Appraisal, full repairs will be required before closing. WHEN WILL I FIND OUT MY FINAL TOTAL COST TO CLOSE? The lender will prepare the Closing Disclosure detailing the closing figures. After reviewing this statement, you will know your cash to close.
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M O R T G A G E L E N D I N G AT I T S F I N E S T New to the area or a native, you will enjoy all Passport Relocation Planner provides. We have compiled the hottest spots in the area to visit with helpful links and savings all in one Passport for our clients! We partner with many local businesses to provide exclusive savings and experience for our clients before, during and after closing that is like no other lender. It delivers World Class in a new way! From exclusive Private Chef parties that offers up to 15 of your friends and family members to visit your new home in style, sporting event ticket pack after closing, courtesy lawn care when you move, coupons and more for savings on dining out, entertainment and services for the home! Homebuyer Privilege Program One year of free member access to over $7,000 in savings. Surprise Shipped at Approval
Experience the Difference
Joseph Hudson
Mortgage Loan Originator NMLS# 2335373 jhudson@elementhl.com 400 North Harbor Place, Suite G&H Davidson, NC 28036
Cell: 603-818-2100 | Office: 704-728-0191 • Expert Mortgage Advice
• White Glove Difference
• Multi-Product Resources
• Personal Consultants
• Partner Resource Center
• Concierge Passport to
• EMortgage Client Efficiency
Charlotte
• Market Intelligence
• Premier Appraisal Panel
• Market Monitoring Systems
• 20+ year Mortgage Planner
• 1031 Exchange Planning
• Self Directed IRA Planning
©2022 NFM, Inc. dba Element Home Loans. ®Trade/service marks are the property of NFM, Inc. and/or its subsidiaries. Equal housing lender. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Refinancing an existing loan may result in the total finance charges being higher over the life of the loan. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. For Arizona originators: AZ# BK-0934973. In Alaska, business will only be conducted under NFM Lending and not any of our affiliate sites. NFM NMLS# 2893. NMLS# 135191.
EQUITY ANALYSIS REVIEW REVIEW - PLAN - FUTURE
Cell: 603-818-2100 | Office: 704-728-0191
Joseph Hudson
Mortgage Loan Originator NMLS# 2335373 Cell: 603-818-2100 Office: 704-728-0191 jhudson@elementhl.com 400 North Harbor Place, Suite G&H Davidson, NC 28036
©2022 NFM, Inc. dba Element Home Loans. ®Trade/service marks are the property of NFM, Inc. and/or its subsidiaries. Equal housing lender. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Refinancing an existing loan may result in the total finance charges being higher over the life of the loan. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. For Arizona originators: AZ# BK-0934973. In Alaska, business will only be conducted under NFM Lending and not any of our affiliate sites. NFM NMLS# 2893. NMLS# 135191.
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Joseph Hudson
Mortgage Loan Originator NMLS# 2335373 Cell: 603-818-2100 Office: 704-728-0191 jhudson@elementhl.com 400 North Harbor Place, Suite G&H Davidson, NC 28036
©2022 NFM, Inc. dba Element Home Loans. ®Trade/service marks are the property of NFM, Inc. and/or its subsidiaries. Equal housing lender. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Refinancing an existing loan may result in the total finance charges being higher over the life of the loan. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. For Arizona originators: AZ# BK-0934973. In Alaska, business will only be conducted under NFM Lending and not any of our affiliate sites. NFM NMLS# 2893. NMLS#2335373.