ATTENTION: For Those who are serious about Getting Pre-Qualified FAST!


Bill Rapp, Mortgage Originator: NMLS 228246

"Brokers Are Better.

Better Pricing, Better Service!"

Subscribe To My List Below To Get Your Mortgage Quote Now!

Simply enter your name and email below:

Bill Rapp The Mortgage Viking Programs:

Down Payment Assistance:

Receive up to $7,500 in down payment assistance for closing costs.

Mortgage Tax Credit:

Mortgage Tax Credit:

Receive up to $2,000 credit for your annual mortgage tax.

Offer 

Accepted:

Offer Accepted:

This programs helps you win bidding wars and beats other offers on the table.

Rate 

Match:

Rate Match:

Get your interest rate matched with any other banks or companies.

Community 

Heroes:

Community Heroes:

First responders and charitable volunteers receive credit for their service.

Fast Track 

Closing: 

Fast Track Closing: 

Need to move in fast? Expedite the clear to closing process.


Credit

Repair:

Credit Repair:

Have bad credit? We can help you make a comeback and get into higher offers.

WITH PROVEN STRATEGIES & PROVEN RESULTS

HERE'S WHAT MY CLIENTS SAY:

What People Are Saying:

Image

Excellent Service

Bill is an exceptional loan officer. He helped us to purchase our home with very personal and professional service. He helped us navigate the whole process from start to closing without any problems. We didn't think we're qualified to purchase a house, but Bill went above and beyond to find a way to help us achieve our goal. He always responded very quickly with our requests, he would come back with different options with comparison chart to clearly indicate how much we need for down payment, monthly payments, interest rates, closing costs etc.


We would highly recommend Bill to anyone in need of lending services. In fact, we have already recommended Bill to one of our friends on purchasing a house.


--- David Chan - Houston, TX


Image

Bank Statement Lending!

William Rapp of Network Funding, L. P. was very professional and I felt comfortable in dealing with him. I will definitely recommend him to family and friends.


--- Ian F - Missouri City, TX

Image

Professionalism - Expert In Home Style Loan

Bill is an expert in the topic, his explanations and online material make a difference and he is always there from the beginning to the end. He is committed to make thing happen.


--- Felipe Caldern & Carolina Angel Gutierrez

Image

Great Service!

Bill Rapp's handling of our loan (even though out of state) was unparalleled to any service I have been through prior, including 3 different real estate transactions and multiple refinances. Extremely quick close, with great options and flexibility for my families needs. All around A+


--- Chris & Beth Sheehan - San Jose, CA

Image

Knowledgeable and Responsive!

Bill was a pleasure to work with and he made the loan process fairly easy. He answered all questions I had very quickly and was straight forward in doing it. I would recommend Bill to others.


--- Wes Brady - Richmond, TX

Image

Very professional and always returned our calls!

Bill takes a lot of pride in his job and is very dependable. They were very patient and understanding. He went out of his way and explained all my questions and concerns. They were very professional and returned my phone calls and emails. He did a great job and I fully recommend him.


--- Therese, Malcom & Shirley Teixeira - Katy, TX

Image

Great Job!

Bill helped us out from beginning to end of loan process. The loan closed in a timely manner as Bill worked hard with bank to get our to the final steps.


--- Kamal & Theresa Wilson - Hartford, CT

Image

Avid Problem-Solver and Absolute Pleasure to Work With!

Bill Rapp worked very hard to ensure that we closed our loan and were able to move into our new home. He always had alternatives to any problems we encountered while closing. He worked with us from the beginning identifying solutions to any problems that we were having. He was an absolute pleasure to work with!

--- Nikita Rayani & Sanit Tejani - Houston, TX

Image

Awesome to work with!

Being a first-time buyer I came in with lots of questions and concerns. Bill was always available for any questions I had and answered everything to my satisfaction. Bill made the loan process so painless that I could still concentrate on other things. We ended up closing early which made things even better. If you are in need of a lender and want someone who is very approachable and stays on top of your loan then Bill is your guy.


--- Cesar Raya - Richmond, TX

Image

Loan Declined by my bank, and he saved the day!

Bill, did an amazing job helping me close on my house. He took the reigns and reassured me the best route to take to help close. He was accountable, thorough and trustworthy. I will continue to work with Network Funding, L.P. when it comes to home buying in the future because of the quality of service Bill gave.


--- Jacob Smith - Boerne, TX



Image

Bill Rapp Will Definitely Make It Happen!

Bill is the most kind, patient and helpful person I have ever known. He answers his phone calls and emails promptly. You can ask him a million questions, and he will answer each and every one of them. Before I started working with Bill, I had been turned down for a home loan, because of some past credit issues I had, plus I was a single mother. However, once I started working with Bill, he was able to quickly get me a home loan, with a good interest rate. I would recommend that you call him, as he will help you.


--- Corinne Wilson - Roselle, NJ



Image

Knowledgeable, Honest, Trustworthy, and Reliable!

"I will definitely keep you in mind. If anyone I know needs financing, I will send them your way!"


--- Jon & Andrea Saleem, CRPC Financial Advisor - Houston, TX




Image

Best Dam Mortgage Guy a man could know!

"Hands down the best loan experience to date!"


--- Gabe & Chelsea Jackson - Pearland, TX




Image

Phenomenal, Hard Working and Never Quits!

Had a stupid foreclosure that could have been avoided if ex’s attny would have sent my buy out offer. So Bill was able to push this through with a 4 year foreclosure. He worked his butt off, was very diligent with his communication; and was very professional talking to me even when I was screaming and/or crying at him. Highly recommend this lender. He really go to the ends of the earth to help you!


--- Liz Keeter - Harlingen, TX

Image

Exceptional customer service!

Bill is the most kind, patient and helpful person I have ever known. He answers his phone calls and emails promptly. You can ask him a million questions, and he will answer each and every one of them. Before I started working with Bill, I had been turned down for a home loan, because of some past credit issues I had, plus I was a single mother. However, once I started working with Bill, he was able to quickly get me a home loan, with a good interest rate. I would recommend that you call him, as he will help you.


--- Isha Lopez & Mauricio Garcia - Houston, TX




Image

Service with a capitol S

Bill went above and beyond at every turn. He worked late on Saturday, he worked late all the time. We wanted to close ASAP and he really helped make it happen for us.


--- Jeff & Wendy Heger - Houston, TX




Image

Best Buying Experience!

I would would highly recommend going with Network Funding LP. As a first time home buyer I didn't know what to expect. Bill Rapp was very helpful in answering all my questions and guided me through all ghe steps. I couldn't have asked for a better buying experience!


--- Tabitha Turner - Humble, TX





Image

Would recommend him and use him again!

Very involved and professional . Kept me informed and up to date on everything that was going on Went with me closing and was very helpful and knowledgeable.


--- Kathy Ward - Houston, TX




Image

Great experience!

Well I meet bill back in December 2016 he got recommended by my real estate agent we had a house in sight and started the process to get approved but we fail due to my work history and credit bill told me not to give up and put me in contact with a credit repair company they help me bring my score up and bill walk me thru the process of getting a new line so this time around we got approved before looking for our house after we found it we still had a couple of hick up but with bills help on Sunday 6-18-17 to be exact Father's Day bill called me to give me the great news that we had got approved and the closing date was as scheduled bill was more than just a lender to my family he became a friend and I'm alway going to have him in mind for any other financial situation.


--- Alejandres Felimon - Richmond, TX




Image

I really liked his attitude!

I wouldn't usually say this but the way he had handled my mortgage was really pleasant. I personally enjoyed the time spent with him while we discussed feasible rates. He's a great man with a great personality and he offered really low interests as well. Definitely recommend him to others.


--- Tom Troiano - Atlantic City, NJ



Image

He's nothing short of a miracle!

I'm a self-employed businessman and had him figure out the mortgage of the house after 30% down payment. The interest rates I received were incredibly low given what I had thought of earlier. One other important thing to note was that I hadn't really taken any loans earlier, so I had no credit history. He helped me out with all that as well so I can't really call him anything else but a miracle.



--- Fran Suarez - Cleveland, OH


Image

He's really helpful!

I made a bid to him and the very same day he gave me an offer which I couldn't resist. It was too intimidating with those incredibly low interest rates and all, thoroughly recommend him.


--- Kenny Mickle - Houston, TX


Image

Expeditious!

Bill was very expeditious and made it real easy going through the loan process. I felt he was on top of things.

I deal with investment properties and will more than likely call on him again.


--- Wayne King - Pensacola, FL


Image

Bill was great!

Bill made us feel like a friend all the way thru the process. He was patient and explained everything he needed clearly. He was available ANYTIME we had questions or needed more information. Hopefully we won’t go thru this process again anytime soon, but if we do - we’d choose Bill! =)


--- Barbra & Nick Grimmer - Austin, TX


Image

Great broker!

Bill was a great broker to work with. As first time home buyers we had many questions about the process, Bill took the time to help us even calling us back on weekends with answers. I would not hesitate to recommend him to anyone looking for a broker to work with.


--- Murray & Lisa Turner - Pensacola, FL


Image

Outstanding service!

I couldn't have been more pleased with Bill's level of service. He made what is typically a lengthy, arduous process far quicker and easier at every turn. I'm extremely comfortable recommending Bill to friends and family, and will definitely utilize his services again!


--- Jim Lipari - Austin, TX

RESOURCES & LINKS... Click Any Below

Step-by-Step Guide to the VA Loan Process

6 Easy Steps to a VA Loan

For many borrowers, applying for any kind of mortgage may seem daunting.

But, when broken down, this rundown of 6 steps to getting a VA loan is easy to understand.

1. Select a VA-approved Lender

On the surface, it might appear that any lender will do. However, if you dig a little deeper, you may discover that not all lenders are the same. First, only lenders approved by the U.S. Department of Veterans Affairs can originate VA mortgages. Secondly, some lenders focus primarily on conventional loans, while others concentrate almost exclusively on the VA loan program for military clients. Using a VA specialty lender with extensive knowledge about the VA loan process vs. a lender who only funds a few VA mortgages a year may translate into an easier and quicker loan process. To connect with a VA specialty lender, please click here.



2. Obtain a Certificate of Eligibility (COE)

An experienced lender can help you obtain what’s called a Certificate of Eligibility (COE). The COE will prove that you meet initial eligibility standards for VA loan benefits. It will also let the lender know how much entitlement you can receive, which is the amount the Department of Veterans Affairs will guarantee on your VA loan. To get your COE, you’ll need to give your lender a bit of information about your military service. Usually, a COE can be acquired online instantly through a lender’s portal or through the eBenefits portal on the va.gov website. Those servicemembers or surviving spouses whose COEs cannot be obtained online will have to get theirs by mail. A VA lender or the VA can help direct you to the right resource for your specific situation.


3. Pre-Qualify for Your Loan Amount

Pre-qualifying is important, but not required. By choosing to complete this step you can save some time and potential surprises later in the process. To pre-qualify for your loan amount, you’ll have a candid conversation with your VA loan professional about your income, credit history, employment, marital status and other factors. Giving your lender complete details during the pre-qualifying step can help prevent surprises later during underwriting. The pre-qualifying step can also reveal areas that need improvement before you can be approved, such as credit or debt-to-income ratio. While a prequalification letter gives you a ballpark price range for house hunting, it does not guarantee that you will be approved for a loan, and your lender will later have to verify the information you provide. To get a loan requires later final approval by underwriting once all documents have been received and reviewed (see Step 5).


4. Go House Hunting & Find Home

The fourth step is usually one borrowers enjoy because they get to look at homes they might consider buying. Working with a real estate professional who specializes in the VA process can help you get the most out of your benefits. This is true because the VA allows certain fees and costs to be paid by the seller (if both you and the seller agree), and a knowledgeable agent will know this and help you negotiate seller-paid fees. Once you’ve got a signed purchase agreement, you can move forward in the VA loan process.







5. Lender Processes Application

& Orders VA Appraisal

A signed purchase contract is the document you’ll need to finish your initial application. Once your lender has the contract, they will order the VA appraisal. Here again, not just any appraiser will do. Only a professional who is certified to perform appraisals to VA standards can evaluate the home being considered for VA financing. The VA appraiser will make sure the price you’ve agreed to pay for the home corresponds with the current value. Another very important part of the VA appraisal is to inspect the home to make sure it meets the VA minimum property requirements (VA MPRs). However, the VA appraisal does not take the place of a home inspection, which focuses on code violations, defects and the condition of the property. While many borrowers have heard horror stories about the length of the VA appraisal process, the Department of Veterans Affairs gives the appraisers 10 days from order to completion barring extenuating circumstances. While you’re waiting for appraisal documents, you’ll be busy submitting documents of your own to your VA-approved lender to show you have the ability to qualify for the loan. If the home passes appraisal for value and VA minimum property requirements, and it’s verified by the lender that you qualify for your loan, the underwriter will give his or her stamp of approval.






6. Close on Your Loan and Move In

After being approved by the underwriter, all that is left to do is close and move in. During closing, the property legally transfers from the former owner to you. Closing is a step that requires you to sign documents that confirm you understand and agree to the terms of the loan. You will need to provide proof of homeowners insurance and, if required, pay closing costs. Once you’ve signed all your closing documents, you’ll get the keys to your new home.


While these steps may not happen in the order above or be a required part (such as prequalification)*, they represent the typical process for the applicant in obtaining a VA purchase loan. Your lender may need to take other steps. For more information about VA loans, contact an experienced VA-approved lender.



My best advice to you is to call Bill Rapp, the Mortgage Viking, today to discuss your options 281-222-0433.






⚖️ Audit Exposes HHA: Toxic Secrets Revealed 🏢

💼 HHA Under Scrutiny: Audit Issues & Toxic Land ☣️

October 18, 20243 min read

💼 HHA Under Scrutiny: Audit Issues & Toxic Land ☣️

⚖️ Audit Exposes HHA: Toxic Secrets Revealed 🏢

Well, things are getting real spicy over at the Houston Housing Authority (HHA) 🌶️. If you thought your paperwork problems were bad, wait until you hear this! The HHA is under some serious scrutiny following a messy audit and, wait for it... accusations of hiding toxic contamination on a property intended for low-income housing. Yep, you heard that right! 😬

The Audit: What’s Missing? 📝💨

First up, let's talk about the audit. Berman Hopkins CPAs & Associates took a deep dive into HHA’s operations, and let’s just say, it wasn’t pretty. They found "material weakness" and "material noncompliance" in the way the authority was managing major housing programs. That’s accounting speak for “y’all have some serious problems” 💸.

And it doesn’t stop there. The auditors couldn’t even verify the paperwork for one of the top applicants on the housing assistance waitlist! 🤦‍♂️ This issue has apparently been brewing since the pandemic, and the backlog isn’t expected to be sorted out until late 2024. Yes, they’re giving themselves that long to handle this. I guess we can take some comfort knowing that they're trying, right? Right...? 🕰️

Toxic Contamination: Nothing to See Here... 🌱☣️

Oh, but the drama doesn’t end with a messy audit! According to a report from FOX 26, the HHA and their development partner, NRP, are being accused of keeping some rather toxic secrets 🤫. In 2019, they apparently knew about “residual contamination” on a $130 million low-income housing project but didn’t feel like mentioning it when applying for state-backed bonds in 2021. Whoops!

Community leader Sergio Lira didn’t hold back, calling the whole thing a “boondoggle.” In other words, a complete mess that leaves low-income families in the dust while developers rake in profits 🤑. Oh, and did I mention that omitting contamination info might just be a crime? FOX 26’s legal analyst Chris Tritico thinks so. According to him, "material misrepresentations" were made to the state and the Department of Housing and Urban Development. Yikes! 😳

Houston Housing Authority’s Next Steps? 🤷‍♂️

With so much heat on the HHA, you might be wondering, what’s next? Well, Houston residents and advocacy groups aren’t staying quiet. Community navigator Taylor Laredo from Texas Housers said it best: "I do hope the HHA takes actionable steps to rectify this.” Hope, of course, is the keyword here. 🙏

In the meantime, HHA Vice President Michael D. Rogers says they have a plan to clear that paperwork mess by the third quarter of 2024. Let’s just hope they’re not putting the same energy into addressing the contamination. Because when it comes to housing, especially for low-income families, a toxic situation is the last thing anyone needs! 🌍🏚️

So, stay tuned, Houston! This housing saga is far from over, and with more questions than answers, all eyes are on the HHA to see what they’ll do next. Let’s just hope they can clean up their act—both figuratively and literally! 🧹🚧

I’m an experienced Commercial Real Estate Mortgage Broker, please feel free to reach me at 281-222-0433.

#HoustonHousingAuthority #ToxicContamination #AuditIssues #HoustonCRE #LowIncomeHousing #EnvironmentalJustice #HousingCrisis #TaxpayerDollars #HousingScandal #FixTheSystem

https://medallionfunds.com/bill-rapp/

https://www.billrapponline.com/

https://houstoncommercialmortgage.com/

https://findamortgagebroker.com/Profile/WilliamRappJr28883

https://doctorvideo.billrapponline.com/

https://veteransvideo.billrapponline.com/

https://mortgageviking.billrapponline.com/

https://fha203h.billrapponline.com/

https://renovationvideo.billrapponline.com/

https://www.smartbizloans.com/partner/vikingenterprisellc/bill

https://www.fastexpert.com/loan-officer/bill-rapp-95119/

https://billrapponline.com/financingfuturescre-houston-katy

https://www.smartbizloans.com/assist/partner/medallionfunds/bill

https://billrapp.commloan.com/

 

© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory

Houston Housing AuthorityToxic ContaminationHouston Housing CrisisHousing Authority ScandalHouston Community ConcernsEnvironmental Risk ConcealmentHousing Development ControversyTexas Department of HousingHouston Real Estate ScandalHouston CRE
blog author image

Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

Back to Blog

Main Office:

Medallion Funds

bill@medallion-partners.com
11920 Southern Highlands PKWY Suite 302Las Vegas, NV 89141

Texas Complaint and Recovery Fund Notice


All Rights Reserved Copyright © 2021 - Bill Rapp The Mortgage Viking | NMLS #228246