NASHVILLE, Tenn., Sept. 23, 2019 – Churchill Mortgage, a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 46 states, announced today its new location in Traverse City, Mich. Churchill’s latest expansion will allow borrowers to take advantage of the company’s resources when searching for a home, including its Rate Secured program, which continues to grow in popularity as the housing market remains highly competitive.
Known for its beautiful bayfront views and winter snow sports, Traverse City has a unique housing market. With many seasonal residents and an economy driven by tourism, there is a large disparity between available, affordable housing for locals and vacation homes for tourists.
Churchill opened an office in Traverse City to help both locals and vacationers pursue their dreams of homeownership. With more than 25 years of experience, Sue Farrar will be leading the Traverse office as a Senior Home Loan Specialist. She is licensed in multiple states, including Alabama, Arkansas, California, Florida, Kentucky, Pennsylvania, Tennessee and Michigan.
With a bigger presence in Michigan, residents will now have access to Churchill’s “Rate Secured” program, which allows borrowers to cap an interest rate for 90 days after engaging with the lender. Whether or not they have a home or property already in mind, borrowers are able to take their time purchasing a home without fearing they will miss out on the current low rates. Most importantly, if interest rates drop while you are shopping for a home, they will receive the lower rate at closing.
“I’m a proud Michigan resident – I love the beautiful weather and wonderful people in Traverse City,” said Farrar. “As a native, I look forward to supporting homebuyers’ needs by providing the right tools and an outstanding experience to make the process seamless and enjoyable.”
“This new office expands our reach and provides an opportunity to help locals find homes, taking advantage of the ability to lock in excellent rates with our Rate Secured program,” said Matt Clarke, COO and CFO of Churchill Mortgage. “Our program allows buyers to shop for a home without fear of surprise expenses. These services and Sue’s experience will ensure a better homebuying experience for the Traverse City community.”
Sue Farrar is offering $250 off closing costs exclusively to her Michigan borrowers. To contact Farrar, you can call her at 231-237-8229.