Exciting News in the Mortgage Industry
Jet HomeLoans, in partnership with Dream Finders, has made a strategic move by becoming a Freddie- and Ginnie-approved lender. This move aims to provide better affordability to customers purchasing Dream Finders homes, offering more competitive options for consumers.
As part of this transition, eight Cherry Creek staffers will be joining Jet HomeLoans.
Jet HomeLoans, established in 2017, achieved a remarkable $2.3 billion in mortgage origination volume in 2024. Following Dream Finders’ acquisition of Jet HomeLoans, the company has continued to expand, recently acquiring Alliant National Title Co.
Jet HomeLoans, like many other homebuilders, utilizes mortgage buydowns to attract homebuyers. With plans to become a direct seller once approvals with the agencies are finalized, Jet HomeLoans is poised for further growth.
After the acquisition of Cherry Creek, Jet HomeLoans is open to partnerships with other lenders seeking correspondent partners.
The transaction was guided by Sterling Point Advisors, Milliman, and McGlinchey Stafford.
This announcement comes amidst a flurry of mergers and acquisitions in the mortgage industry. Bank7 recently acquired a small Oklahoma independent mortgage bank, while Union Home Mortgage announced the acquisition of NRL Mortgage, a $1 billion lender based in Houston.