Paul Melby

 NMLS #322989 


I have been financing home purchases for over ten years.  We help our client's improve their current financial situation. We have hundreds of loan programs, including the government FHA, FHA 203K, MHFA, USDA, and VA loan programs. We have loan programs with 3% down payment.  Even if our client's have credit challenges, we may be able to assist our client's improve their credit scores.  If there is a way to finance a home purchase--we will find a loan program. We find solutions to our client's home purchasing needs."


Who is LendSmart Mortgage?

LendSmart Mortgage was founded in 2006 and quickly emerged as a leader in mortgage banking and brokering. LendSmart is headquartered in Maple Grove, MN and has offices in Minnesota, Wisconsin, and Arizona and we are closing mortgages in many other states. LendSmart has invested hundreds of thousands of dollars in software and networking programs that allow branches such as ours to operate efficiently and in compliance with all State and Federal origination guidelines. LendSmart has relationships with dozens of investors who offer just about every type of loan available. LendSmart is one of Minnesota’s fastest growing Mortgage Companies and last year they originated over $200 million in residential loans.

What is a Mortgage Broker?

A Mortgage Broker is an independent real estate financing professional that specializes in the origination of residential and/or commercial mortgages. In essence, mortgage brokers know where the money is. A broker is NOT a lender; instead brokers work with dozens of sources other than traditional banks. Brokers work as intermediaries between borrowers and lending sources. However, this does not mean that you are paying a higher rate. Since mortgage brokers obtain funds from a variety of sources, you can potentially save thousands of dollars.

Why use a Mortgage Broker?

Mortgage brokers have access to multitudes of lenders. We have the ability to “shop” for the best available rate for our clients’ particular needs. Using a broker can help save you both time and money in shopping for the most appropriate lender. Mortgage Banks on the other hand are typically limited in what they can offer, which is essentially their own product.

Why bring your business to us?

While it is true that brokers often have access to similar lenders, it’s not true that they all offer the same rates. As part of LendSmart Mortgage we are able to offer our clients a volume discounted rates that many other brokers don’t have access to. Also, unlike many other brokers, we don’t ask our Loan Consultants to process their loans. We offer in-house processing by experienced professionals so our Consultants can remain focused on servicing your needs as our client throughout the entire loan process. In addition, each of our Loan Consultants are required to fully comply with all Federal and State origination guidelines as well as taking continuing education classes yearly.

At LendSmart Mortgage we welcome all customers and all financial situations. . excellent credit, challenged credit; equity or no equity. We have programs available for nearly every situation in today’s marketplace. So bring us your situation and let us do the rest!

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