Achieving the American Dream: How a New Migrant Secured a Conventional Loan in Myrtle Beach, South Carolina

In the world of mortgage financing, success stories often emerge from unique and challenging situations. Julia Knurova, a dedicated Mortgage Loan Originator at MortgageDepot’s Hollywood, Florida branch, recently achieved one such success by assisting a client in securing their dream home.

In early 2023, a recently employed W2 borrower in the USA received their Employment Authorization Document (EAD) and embarked on a journey to realize the American dream. They found their new home in the picturesque town of Myrtle Beach, South Carolina, where they aspired to make their primary residence.

The borrower’s story took an interesting turn when they sought financing for their dream townhouse. Opting for a Conventional loan with a 20% down payment and a 30-year fixed rate, they faced a unique challenge. However, their lender partner stepped in with an impressive 7.125% interest rate for a 30-year fixed term.

What made this achievement truly remarkable was the lender’s ability to qualify the borrower, who held TPS (Temporary Protected Status), as a conventional non-resident. This distinction was crucial, as it allowed the borrower to secure financing under the same terms as a U.S. citizen would.

Julia Knurova’s expertise and dedication were evident throughout the entire process. She navigated the complexities of the conventional loan process, ensuring that every requirement was met while providing valuable guidance and support to the borrower.

The result? A successful closing on time, with the borrower realizing their dream of homeownership in Myrtle Beach. This story exemplifies the inclusive and diverse spirit of the American dream, where hard work, perseverance, and the right Mortgage Loan Originator, like Julia Knurova, can make homeownership a reality for all, regardless of their immigrant status.

As our nation continues to welcome individuals from around the world, stories like this one remind us that the American dream knows no boundaries. With the right resources and support, anyone can achieve the goal of owning a home and building a brighter future in the land of opportunity.