Residential Mortgage Broker

  • List Price: $700,000
  • Sales: $1,171,326
  • Adjusted Income: $276,945
  • Down Payment: NA
  • FFE Values: NA
  • Inventory: NA
  • R.E. Value: NA
  • Location: Utah
  • Category: Personal Services

This residential mortgage brokerage offers purchase or construction loans as well as refinancing. In 2021, the company’s activity skewed heavily toward refinancing since home inventory was very low. Their goal is to have an equal distribution between home purchases and refinancing.

The company was steadily growing loan volume, although 20201’s extremely low housing inventory, coupled with price surges, resulted in fewer loans but higher overall dollar volume.

With the booming real estate market in Utah, the outlook for the business is very positive. Some seller financing may be negotiable for a well-qualified buyer.

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