The Gray Team

Meet The Gray Team
Your Home Loan Professionals
As Prospect Mortgage lending professionals, we are knowledgeable about a wide range of different loan programs in order to serve your unique needs and financial goals.

As Prospect Mortgage lending professionals, we are knowledgeable about a wide range of different loan programs in order to serve your unique needs and financial goals. Whether you’re making a first time purchase, a second home purchase or looking to refinance, we can help you.

We’re also experts on 203k Renovation Lending, which is a program particularly well suited for buyers of fixer-uppers and REOs in need of repair. How a Renovation Loan works is homebuyers finance both the purchase and future repairs on their new home with one loan.

The Renovation Loan offers some great features. The amount of money you are permitted to borrow for the purchase and renovations is based on the increased value of your home after improvements are made. Also, because renovation costs are spread throughout the entire term of the loan, monthly payments are often lower than other financing options. With the loan, there is also no need to delay improvements. You can start in immediately after closing. Another great feature is the loan’s simplicity – one application, one set of fees and closing costs, one closing to attend and one payment each month. The interest on the cost of your improvements, included in your mortgage, may be tax deductible as well.

We value your business and will provide you with the best professional service and mortgage solutions that make most sense for you and your unique financial situation and real estate goals.

Please contact us if you’d like more information about our Renovation Loan, or any other mortgage financing solution. We offer other Renovation Mortgages – including HomeStyle® Renovation and HomePath® Renovation Loans – to meet the needs of our borrowers for primary residences, second homes and investors. We look forward to working with you!