07/21/2023
Guild Mortgage Named a Top Ten Lender by Maine State Housing Authority
MaineHousing Recognizes Guild for Efforts to Assist First-Time Homebuyers
San Diego – July 21, 2023 — Guild Mortgage (NYSE: GHLD), growth-oriented mortgage lending company originating and servicing residential loans since 1960, was named a Maine State Housing Authority Top Ten Lender for 2022 for its work with the state’s First Home Loan Program for first-time homebuyers in Maine.
The Maine State Housing Authority (MaineHousing) is an independent authority created by the Maine State Legislature in 1969 to address problems of unsafe, unsuitable, overcrowded and unaffordable housing. At its core, the agency couples the efficiencies of the private financial markets with public purpose goals to provide affordable homeownership and rental housing opportunities for people in Maine. MaineHousing administers several federal housing-related programs that reduce the costs associated with housing for people in the state.
MaineHousing recognized lenders for helping first-time homebuyers benefit from the agency’s First Home Loan Program, which provides first-time homebuyers with fixed-rate mortgages, either as a conventional, FHA, VA or USDA loan. Honorees were chosen for their high rate of success in connecting buyers with the agency’s program. This year’s award represents achievements from the reporting period of January 2022 through December 2022.
Guild closed more than 100 loans totaling over $23 million with MaineHousing in 2022, earning the company a top three spot on the top lenders list. MaineHousing set a new record for the total value of new First Home loans purchased in 2022, with over $177.7 million for the year.
“It’s an honor to be recognized by MaineHousing for our efforts to assist first-time homebuyers in Maine,” said Mike Ianno, regional vice president for Guild Mortgage. “We value the opportunity to use specialized programs like First Home to help Maine residents across the state become homeowners. 2022 was a successful year for the new program and Guild is aiming to help even more prospective homebuyers in 2023 and beyond.”
MaineHousing’s First Home Loan Program offers little to no down payment options for first-time homebuyers. The program can be paired with the Advantage Assistance option to cover down payment and/or closing costs up to $5,000 or the Multi-Unit Advantage option up to $14,000 for 2–4-unit properties, providing a great opportunity for first-time homebuyers to realize their dream of homeownership.
Headquartered in San Diego, Guild Mortgage is a leading national lender with an established history of developing innovative pilot programs and specialized products in partnership with government organizations to help deliver the promise of home in every neighborhood and community. Its loan professionals can serve the needs of any homebuyer, from helping first-time buyers achieve homeownership, often through government loan programs, to those looking for jumbo loans. Guild also helps active duty and retired military personnel who qualify for VA loans with 100% financing and flexible qualifying standards. The company is consistently recognized for its community impact, commitment to customer service, strength in regulatory compliance, and workplace culture.