Financing for a Unique Property Listing
Jessica Gocke and her father, John Corr, came to Hudson Valley Federal Credit Union in search of a financing solution. They were interested in purchasing a home in the Crawford area of Orange County that was listed for $550,000. Mortgage Loan Officer, Bill Liebertz, took on these new members and closed the deal.
The Crawford property was not your average listing. It consisted of 56 acres, an equestrian riding facility, paddocks, and stables. Jessica, a horse owner and enthusiast, and her father had been turned away by several other lenders because of these unique features. As a Realtor specializing in equine related properties, Jessica came to Bill with knowledge of the local business environment. Her mother, Debbie, is also the owner of Exclusively Equine Properties, a specialty realty brokerage firm.
As a portfolio lender, HVFCU uses its own funds for financing and can lend outside of guidelines set by investors like Freddie Mac and Fannie Mae. Due to this capability, Bill was able collect the necessary information and work closely with the Real Estate Lending department to offer Jessica financing. Bill’s diligence and our local decisioning allowed Jessica to buy a unique property that many other lenders had turned away. Now, Jessica and many of her family and friends are satisfied HVFCU members. In fact, we have been able to finance two similar properties since Jessica came to us!
Share Your Story
Do you have a story to share about how HVFCU helped you buy your home? If so, send us a note at [email protected]. We’d love to hear from you.