2520 Sardis Road North Ste 210, Charlotte, NC 28227
Cell: (704) 560-2256
Office: (704) 727-7383
I was born and raised in Chicago, Illinois and moved to the Charlotte area in 2007. I went to Eastern Illinois University for my undergraduate and Benedictine University for my graduate degree. I’m married with 2 children and all in the family are big Cubs and Bears fans! I also spend time working with special needs students when my schedule allows.
I enjoy communicating with real estate agents and buyers to find the perfect fit to the buyer’s needs. I specialize in trying to find solutions to purchasing issues and try to work with potential buyer’s on credit improvement. I have learned over time that educating buyers is a way to improve the purchasing process.
Educating buyers is a way to improve the purchasing process
Jon Babb helped so much with my refinance! He was excellent at communicate quickly with me and answering any questions I had in a timely manner. He was very knowledgeable and very pleasant to work with. I truly appreciate all of his help during the refinance process with making it as smooth as possible. I would absolutely recommend refinancing with Jon Babb and MiMutual to anyone!
Jon was great to work with. He was very helpful in outlining the process, how we could benefit from a refinance, and delivered on what he outlined. I’d highly recommend him!
Jon Babb went ABOVE & BEYOND to make sure my closing went smoothly. I was in a horrible motorcycle accident only 14 days before closing. I was unable to move without extreme pain and was unable to drive to deliver documents to him for underwriting. So, he drove to me to pick up the paperwork needed in order to help me out and ensure that there were no delays in closing. He is a gentleman; professional but not at the expense of being personal/friendly.
I would recommend Jon Babb to all friends and family. It’s most important to me to respond to calls/texts/emails quickly and help in any way to help get clients funded. Jon has gone above and beyond on numerous occasions! A+ for Mr. Babb!
Bob Klein, REALTOR
Mortgage Programs Explained
There is no one-size-fits-all when it comes to mortgage lending. MiMutual has numerous loan options to fit every budget and situation. At MiMutual Mortgage, you can expect a one-on-one consultation to determine the right loan program for your unique situation.
A Conventional loan is a mortgage not guaranteed by the government. However, most conventional loans will follow the guidelines established by Fannie Mae (FNMA) and Freddie Mac (FHLMC). This type of loan is good for borrowers with a favorable credit score and allows more flexibility in loan terms and higher loan limits.
Unlike FHA, VA or RD loans, conventional loans do not require private mortgage insurance (PMI) unless the borrower has less than 20% down. 20% down however, is not a requirement and some conventional loans allow as little as 3% down! Once the loan reaches 20% equity, PMI can be canceled.
In addition to standard conventional loan programs, MiMutual Mortgage also offers the following niche conventional loan programs:
- Fannie Mae HomeReady
- Freddie Mac Home Possible
- Freddie Mac HomeOne
- Freddie Mac Refi Possible
Government loans are backed by the federal government. The loan is funded or originated by the mortgage company, but has a guarantee from either the Federal Housing Administration (FHA), USDA Rural Development (RD), or US Dept of Veterans Affairs (VA).
Government loans open the door for borrowers that have little to no money saved for a down payment, a challenging credit history or have lower credit scores. Government loans offer easier qualifying requirements and are widely used in the industry.
Government-insured loans can be used for purchase, renovation (through the FHA 203(k) loan), or refinance transactions.
Government loan programs include:
- Federal Housing Administration (FHA)
- USDA Rural Development (RD)
- Veterans Affairs (VA)
The Federal Housing Finance Agency (FHFA) sets a limit on the dollar amount a conventional loan must conform to. Any loans beyond this limit are known as a Jumbo loan. With a Jumbo Loan from MiMutual, you can expand your options and find your dream home that will meet your needs now and in the future.
MiMutual Mortgage offers a number of Jumbo Mortgage Programs to fit a variety of situations. These include Purchase loans, Asset-Qualifier, Rate and Term and Cash-Out Refinance loans.
- As little as 10% down
- Loan amounts up to $4 Million
- Primary residence, second homes, and investment properties are eligible
Don’t have much saved for a down payment?
We can help with that!
Down Payment Assistance (DPA) can:
- Reduce out of packet cash to close
- Put cash savings to work by improving the home and growing equity
- Free up cash to pay down student loan debt or other bills
- Save cash to start investing for the future
MiMutual Mortgage offers a number of down payment assistance programs including:
- Chenoa Fund DPA for FHA financing
- The National DPA for Conventional financing
- State Housing Finance Authority DPA and MCC
MiMutual Mortgage is a Renovation Loan specialist. We were even featured on the Lifetime Network “Designing Spaces” home design television show! With a Renovation loan, you can bundle the cost of purchasing or refinancing with the cost of renovation into one single loan!
MiMutual Mortgage offers the FHA 203k and Conventional HomeStyle renovation loans. These allow for the same qualifying factors as a traditional FHA or Conventional loan with the ability to lend up to the estimated after-improved value of the home!
Eligible renovations include:
- Small repairs with a minimum renovation cost of $5,000
- Kitchen remodels including appliances
- New roof
- New flooring
- Installation of an in-ground pool
Still not finding what you are looking for?
MiMutual Mortgage has a number of unique loan programs including:
- Qualifying on assets without income
- Real Estate Investor programs including DSCR
- Self-Employed financing options
- Bank statement qualifying
You are about to begin the mortgage loan application
- Applying on the MiMutual Mortgage Online Loan Application is quick, easy, and secure! The loan application will take about 25 minutes to complete.
- Once your application is submitted, you can log back into the MiMutual Mortgage Online Loan Application to securely upload requested documents, view your loan status, and communicate with your mortgage team.
- If you have questions, reach out to your MiMutual Mortgage Loan Officer.
Your guided mortgage journey starts here!Start Application