• Ask about our bank statement program which eliminates the use of tax returns and we just use the deposits in your bank account to calculate income.
(800) 535-0270
Select Page
Meet Yury Gokhberg

Meet Yury Gokhberg

Yury Gokhberg is a Mortgage Loan Originator here at MortgageDepot and also a licensed Real Estate agent. Yury has over 25 years of experience. He spent thirteen years with Chase Manhattan Bank as their first Russian speaking loan officer. Before joining the staff here at MortgageDepot, Yury was formerly a loan originator at Coldwell Banker and Citizens Bank.

“I have a flexible work schedule as I make my hours. This flexibility also allows me to work across various time zones Internationally as well. What interests me the most about working in the mortgage industry is the ability to help other people. Working here at MortgageDepot allows me to work with clients in ways that traditional banks do not.”

“Good client service looks like asking critical questions about their future goals, offering the very best interest rate, and helping them to accomplish their ultimate goal of homeownership. As far as the changes I’ve witnessed from the beginning of my career as a mortgage loan originator, it’s completely different than when I started my career. It has become highly selective to become approved for a mortgage because of government oversight.”

“If there’s a change that I’d like to see, it would be the creation of a guaranteed low-interest-rate government program that offers a product with a 25-30% down payment.

To view Yury’s personal page, follow this link. Contact Yury for any or all of your financing needs.

Meet Lawrence Harounoff

Meet Lawrence Harounoff

“I’d describe my role here at MortgageDepot as the Lead Generation Processor. It’s not an official title, but it aptly describes my daily duties. I predominantly process leads for commercial, no income investment products. Occasionally I do handle some residential inquiries, but those are few and far between. Before joining the firm two and a half years ago, I was an account executive for a luxury high-end jewelry company.

My average day consists of checking my email continuously for leads and following up via email and by phone. My efforts build business for my colleagues daily. And since I’m a numbers person and I enjoy sales, this position is an excellent fit for me.

Excellent customer service requires building a rapport and trust with any potential client while gaining their confidence about the process of securing a non-conforming loan. I haven’t seen ay dramatic changes that impact the role that I play in the industry. The change that I’d like to see would be that no-income investment products could have coverage in all states or where interest rates could drop off a bit for non-conforming loans.”

See Lawrence’s page here

Meet Orlando Segundo Jarrin

Meet Orlando Segundo Jarrin

“My role here at MortgageDepot is that as a Loan Officer. Before joining the staff here thirteen years ago, I worked for another firm called Olympic Mortgage. I just happened to fall into the mortgage industry by chance. I was very young, and I intended to buy a used car, but I kept seeing open house signs in the vicinity where I was shopping, and on a whim, I also decided to attend the open house. Instead of the car, I purchased my first property!

This one purchase opened my eyes to a possible career in real estate. I’m excited about each workday as I was during my first real estate purchase. I don’t sell my clients rates. I try to be as versatile as possible and offer them an excellent product; I pride myself on being a savings expert for my clients. And my clients are extremely pleased with the service that I provide to them! They consistently make new business referrals, send thank you gifts and make phone calls thanking me, and they leave glowing reviews on my webpage regularly.

When the financial crisis of 2000-2006 happened, it was the result of insufficient income verifications for people seeking mortgages. The best thing to change in the mortgage industry has been the introduction of new mortgage programs offering flexibility to borrowers. If I could wish for one big thing, I’d like to see legislation that permits the hard-working young people designated as DACA, be afforded the privilege of homeownership.”

Zara Admin Assistant

Zara Admin Assistant

I have a dual role here at MortgageDepot, while I provide essential administrative assistance, I’m also a licensed real estate agent. So my days are a mix of both depending on what is the priority on my to-do list. Before joining the staff here at MD four…

FHA 203k Rehab Loan

FHA 203k Rehab Loan

The home of your dreams could be in need of some costly renovations before a lender will provide the financing to purchase it. The professional loan officers at Mortgage Depot have a solution with our home repair escrow programs. We work with a variety of lenders to find the loan that suits your needs and budget.

FHA 203k loans

Traditional mortgage financing provides borrowers with the funds needed for the balance of the price of a home based upon its appraised valuation. The property being purchased must be in livable condition for it to be capable of being appraised.

The FHA 203k program provides funding for the acquisition of a property that is in less than pristine condition. The key feature of the loan program is the availability of funds to complete the purchase of a home based upon its appraised value after completion of repairs required to make it livable. Program features include:

  • Buyers may borrow the funds needed to complete repairs and make the purchase.
  • Borrowed funds may be used to finance temporary housing while repairs are completed.
  • Repairs and renovations must be completed within six months.

Part of the application process for an FHA 203k loan includes preparation of a list of repairs that must be completed to increase the value of the property to an amount required to satisfy underwriting guidelines. The money to fund those repairs is placed in escrow after the closing on the purchase of the home and disbursed as the work is completed.

rehab

Alternative programs to FHA 203k

Some of our lenders offer alternatives to FHA 203k loans for homes that do not require extensive renovations. Features of these alternative loans include:

  • Funding to acquire the property.
  • Up to $5,000 in escrow to pay for repairs.
  • Up to 15 days to complete the work.
  • Repair requirements based upon estimate from a licensed contractor.

Home repair escrow loans are available on FHA, VA and other types of loan products.

Contact us today

Learn more about our financing options by contacting Mortgage Depot. A loan officer is available by calling us.

To contact us by phone call 800-535-0270 or email us by clicking here.

rehab

© 2019 www.mortgagedepot.com. All Rights Reserved.
Licensed By The Following State Regulatory Agencies:
New York State Department Of Financial Services
Florida Office Of Financial Regulation.
Website Authorization By The New York State Department Of Financial Services Is Approved.
*Registered Mortgage Broker — New York State Department Of Financial Services – All Mortgage Loans Are Arranged Through Third (3rd) Party Providers’ NMLS # 1133788