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Carol Drolette

Senior Account Executive

o: (512) 784-5579

cdrolette@financeofamerica.com
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Reduced LLPA to .10

Effective June 18th, 2018 FAM has reduced the Escrow Waiver LLPA from .25 to .10 for states outside of California.

Two-X Apex

Finance of America Mortgage is pleased to announce high LTV, no MI, QM jumbo mortgage solution with the Two-X Apex product.

What is Two-X Apex?

Two-X Apex from Finance of America Mortgage is designed to accommodate high LTV financing. With borrowing limits up to $2.5 million, a minimum credit score of 680, and no mortgage insurance requirements- Two-X Apex gives your clients the buying power of a conforming loan with the loan amounts of a jumbo. Two-X Apex may be the ideal product for clients who are well documented, have no derogatory credit and want to put less money down when purchasing their home.

Program Details:

95% maximum LTV.
No mortgage insurance for LTV’s >80%.
Credit scores down to 680.
Maximum DTI 43%.
Minimum loan amount $100,000.
Maximum loan amount $2,500,000.
Loan terms include: 20 & 30-year fixed and 5/1, 7/1 & 10/1 ARMs.
2-15 months reserves required.

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About Me

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Carol Drolette

Senior Account Executive

o: (512) 784-5579

cdrolette@financeofamerica.com
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Account Executive for wholesale and non-delegated correspondent customers for Finance of America. I have been in the mortgage business since 1980 originally starting as a retail loan processor then a retail loan officer for Norwest who eventually transitioned to Wells Fargo Home Mortgage. When my family moved from California to Austin Texas I decided to work on the wholesale side of the business. I enjoy helping my mortgage brokers solve loan scenarios to help the borrowers achieve their dream of home ownership.

I am happily married for 28 years and have one daughter and two sons. I love dogs and have two shihtzus.

Photos from my life

Me and my husband

My husband and kids - Brittney Taylor and Austin

New sunglasses and my husband

What I’m reading

Danielle Steele

What I’m watching

Blacklist

What I’m working on

Always improving myself to find that balance between work and family

At Finance of America, we are dedicated to providing solutions to improve our borrowers’ financial well-being. This mission to care allows us to uniquely serve our customers and employees, with the soul and spirit of a small company, but the foundation and stability of a global financial institution.