Branch Manager - Condo Lending Specialist | NMLS# 415747
ROBERT L. SORRELLS
Robert L. Sorrells serves as Branch Manager of Nations Lending in Gulf Shores/Orange Beach, AL. Since 1999, he has earned insightful experience in the mortgage lending industry and 15 years of commercial banking experience. During his banking tenure, he held the positions of Branch Manager, Senior Commercial Lender, and Regional Business Development Officer. Early in his career, he was successful in obtaining a $2.5M business relationship with the Montgomery County School System (Alabama).
Robert graduated from Auburn University with a degree in business. He has five years past experience as a self-employed retail business owner of three locations in Alabama.
He is actively engaged in the local community, serving as a board member of the Little Lagoon Preservation Society in Gulf Shores, AL. He has also formerly served as a United Way executive and as a member of his church finance committee.
Robert and his wife, Kay are active members of Gulf Shores Methodist Church. They have five children and eight grandchildren.
I love what I do because helping someone purchase a home is one of the biggest joys and decisions in their life!
(C) 251-923-6105
[email protected]
Loan Types
It makes for the perfect type of loan to meet the needs of buyers from all walks of life.
FHA Loans Offer:
• Minimum down payment of only 3.5%
• Credit score as low as 500*
• Flexible debt-to-income ratios
• 100% of down payment and closing costs can be a gift
• Flexible reserve requirements
• Up to 6% seller contributions towards closing costs and pre-paid items
We Offer:
• Purchase loans
• Rate-term refinancing
• Cash-out refinancing
• Streamline refinance
• 203(h) - Mortgage Insurance for Disaster Victims
FHA
We offer:
• Low down payment options
• Eligible sources of funds include gift funds from eligible sources
• DPA assistance that may be available in your local markets
• Zero down payment options for VA and USDA buyers
• Reduced Mortgage Insurance requirements for certain programs
• FICO scores as low as 500 on certain products
1st Time Buyers
We offer:
• Purchase loans
• Rate-term refinancing
• Cash-out refinancing
Conventional
This jumbo loan product also supports a lower-than-industry average required down payment -perfect for those buyers who want to keep more cash in the bank – with all the benefits exceeding those of a conforming loan.
We Offer:
• Purchase, no cash-out refinance and cash-out refinance
• All occupancy types
• Loans to $2M
• Jumbo AUS
• Non-Warrantable Condos
• No Mortgage Insurance
• First-time homebuyers permitted
• Blended ratios
Jumbo
Find the perfect place to kick off your boots with 100% financing available or explore interest rate reductions or cash out refinance options.
We Offer:
• Purchase loan
• Cash-out refinancing
• Interest Rate Reduction Refinance Loan (IRRRL)
VA
Whether you are an experienced or a first-time homebuyer, you may be able to qualify for a USDA home loan with no money down! These government backed loans are perfect for families and individuals interested in purchasing homes in rural communities. Ask your personal mortgage advisor if this is the right loan for you!
We Offer:
• Purchase
• No cash-out refinance
• Streamline Refinance
• Simple Refinance
USDA
BRANCH NMLS. 1955326 | 24951 PERDIDO BEACH BLVD, ORANGE BEACH, AL 36561 | 251-923-6105