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Welcome to the Lucy Lending Team. A website created to have a place to learn about our team, the market and how we can assist you with your mortgage needs in the Charleston area. Zach Larichiuta, a local Charleston Mortgage Lender, wanted to create a website for everyone to have as a resource to learn about the mortgage industry and as questions arise, be available to help. My name is Zach Larichiuta and I am a mortgage professional in downtown Charleston, who has been in the industry for over 14 years. I have recently formed a team, to be able to assist me with my goal of assisting each client with the best communication possible and to facilitate a smooth, stress free mortgage process. One question I get asked often is in regards to the fact that I am a direct mortgage lender; what that means and how it differs from a mortgage broker. As a direct mortgage lender, we cut out the intermediary that a broker would act as to their lending sources. This ability to cut out the “liaison” role will often times shorten the closing timeframe and also streamline the guidelines you must satisfy in order to be approved for the loan. We sell our loans directly to Fannie Mae, Freddie Mac and Ginnie Mae; where a broker sells first to the lender they are utilizing for that particular loan and then it is sold to the three entities mentioned before. This additional step often times lends itself to additional overlays for guidelines as precaution for the lender at the end of the transaction and can make the process more tedious and frustrating for the red tape you need to get through for an approval. We offer all of the same products and often times have more flexibility with our products than a broker, due to the fact that a broker may only have a handful of products from various lenders that do not fill your mortgage lending needs. We are always available to assist you with any questions about the mortgage process, the Charleston area and are just a phone call away! We greatly appreciate the opportunity to win your business and look forward to hearing from you. Zach Larichiuta and The Lucy Lending Team Fill out the form and get your FREE MORTGAGE CONSULTATION with one of our mortgage professionals today!
One of the most pervasive myths about Millennials in the recent decade is that they do not want to purchase a home. This can come from the fixed nature of wages and the influx of educated professionals in the marketplace. Others think that it’s just the attitude of the generation. Regardless, most Millennials have relegated Read more about What Millennials Need to Know About Home Loans[…]
FHFA ANNOUNCES MAXIMUM CONFORMING LOAN LIMITS FOR 2019 Fannie Mae and Freddie Mac Baseline Limit Will Increase to $484,350 FOR IMMEDIATE RELEASE 11/27/2018 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most of Read more about FHFA ANNOUNCES MAXIMUM CONFORMING LOAN LIMITS FOR 2019[…]
Did somebody say Thanksgiving? I don’t know about, but I feel this year is going by at a rapid rate! This month also brings oysters, basketball, Holiday Festival of Lights, and chili. Here is your calendar of events for November: 1-3: Coastal Carolina Fair still in town, Ladson 1-3: Scottish Games and Highland Gathering 1-4: Read more about NOVEMBER CALENDAR OF EVENTS IN CHARLESTON[…]
Getting around during the holidays is a tough task, no matter the city. In Charleston, traveling during the holiday season can be a particularly difficult and arduous experience due to the size of the city and the increase in traffic during the holiday season. In planning any important or long journey, it’s essential to know Read more about Holiday Travel Tips for Charleston[…]
As a homeowner or resident of South Carolina’s coastline, learning to mitigate and manage fungus is part of the deal. Mold grows in humid, warm, and damp conditions — a common climate for SC. To no surprise, fungal infections like athlete’s foot and ringworm thrive in these conditions too. Learn how best to keep your Read more about Keeping Your Home and Skin Fungus-Free During Humid Months[…]
Did you know that Zach Larichiuta and the Lucy Lending Team of Charleston are licensed in multiple states? We are now licensed in North Carolina, George and Florida: as well as our established license and presence in South Carolina. We feel it is vital to be available to our valued clients in every capacity that Read more about WE ARE LICENSED IN MULTIPLE STATES[…]
Most people are familiar with the term “Borrower Paid Mortgage Insurance”, as well as the option for “Lender Paid Mortgage Insurance”. This past July, Fannie Mae, announced the introduction of an additional mortgage insurance pilot program. The mortgage insurance option is called Enterprise-Paid Mortgage Insurance (EPMI) and allows a lender to deliver an over 80% Read more about EPMI – Enterprise Paid Mortgage Insurance[…]
What an incredible summer we had! The best part of the year is approaching quickly: fall! School is back in session, football is starting, and cooler temps are on the way. September is going to be a great month. The Lowcountry Jazz Festival kicks things off at the Gaillard Center. Charleston Restaurant Week and Charleston Read more about CHARLESTON EVENTS IN SEPTEMBER[…]
To a growing number of people nowadays, first-time home buying can be a daunting task. Many degree-holding adults and people looking to buy their first home have reservations about home ownership. This is due to the possibility of high debts and initial costs, the extensive process of purchase, and the long-term challenges of owning a Read more about The Journey of First-time Home Buying[…]
Brick sidewalks, historic churches, Spanish moss and top-notch seafood–there’s only one place you can find all these things, and that’s Charleston, South Carolina. The oldest (and largest) city in the state, Charleston has been known for everything from its friendly locals to its incredibly well preserved historic architecture. Waterfront views and old time charm are Read more about Charleston’s Top Attractions That Will Have You Making the Move[…]