Rate Named Million Dollar Lender by US Department of Agriculture

CHICAGO – Rate, one of the ten largest retail mortgage lenders in the U.S., has landed the Million Dollar Lender- 2014 Silver Level Award from the United States Department of Agriculture (USDA) Rural Development. This recognizes the development of Guaranteed Rural Housing (GRH) program for utilizing over $1 million of loan funds for home purchasing in 2014.

Rate’s initiatives have contributed to the President’s goal of growing America’s rural economy. Working together with the USDA, more than $414.5 million in GRH funding was delivered to Wisconsin homeowners, resulting in over 3,200 home purchases. The program allows low and moderate-income households the opportunity to own adequate and safe residences.

“The USDA market is very important to us at Rate. Not only does it put our buyers into a new home, but it revitalizes the expansion and growth into surrounding rural areas. Receiving this award is an honor as we pride ourselves in providing 100% financing with the USDA program,” says Nick Wurzer, Branch Manager and VP of Mortgage Lending at Rate’s Green Bay, WI location.

Founded in 2000, Rate has become one of the nation’s fastest growing mortgage companies by offering low rate, low fee mortgages and superior customer service. The company has approximately 175 offices nationwide, including four in Wisconsin. The company is licensed in all 50 states and Washington, D.C., and funded $12.4 billion in loans in 2014 alone.