ORLANDO, Fla. --- Integrity Home Loan of Central Florida, Inc., reports its residential mortgage loan volume grew by more than $20 million during the first half of this year.
Matt Malloy, president of Integrity Home Loan, said the mortgage company provided more than 1,200 mortgage loans from January through June for a total volume of more than $140 million.
During the same period last year, Integrity Home Loan provided mortgage loans that totaled $120 million.
Recent news that mortgage interest rates are rising will likely spur the mortgage lending industry, Malloy said.
“Mortgage rates are incredibly low, and a slight rise will likewise inspire more home owners to refinance their mortgage loans before interest rates rise again,” Malloy said.
“In addition, prospective home buyers are likely to enter the market soon before interest rates rise again,” he added.
Malloy said he expects Integrity Home Loan to provide financing that totals $400 million this year in Central Florida — an increase of more than 50 percent over last year.
The Lake Mary based firm has opened new offices in Central Florida this year and plans to open expanded offices in South Florida, and new offices in Detroit and Virginia in the near future.
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