Sam Cowles
Name
Sam Cowles
Company
Wilkinson & Associates
E-mail
Contact Sam Cowles (Wilkinson & Associates)
Website
http://samcowles.com
Office Phone
(704) 456-7032
Cell Phone
(704) 200-8849
Fax
(704) 456-7053
Address
8604 Cliff Cameron Drive, Suite 110, Charlotte, NC, 28269
Description
One of my passions in life is to help others to succeed and prosper. I love the real estate field and know I would be an asset to whatever your real estate or mortgage needs may be. www.samcowles.com

About Us:

Hello and welcome to my website. I hope the information and tools provided will assist you in your real estate and mortgage financing endevour.

I was born in Kingsport, TN but have lived in the Metro Charlotte Area for the last 20 years. I currently have over 6 years of experience in the mortgage and real estate field. I am licensed in NC & SC with both real estate and mortgages. I have extensive knowledge, contacts, and resources both states. Whether you are looking to purchase or sell, I have the experience and expertise to make your transaction a smooth and profitable one.

A little about me outside of business. I have been married for going on 8 years to the love of my life and the most beautiful woman in the world, Natalie. We have two wonderful children, Ashley who is 6 and Isaac who is 5. God has truly blessed me with an awsome family. I enjoy being outdoors, playing sports, and spending time with family.

One of my passions in life is to help others to succeed and prosper. I love the real estate field and know I would be an asset to whatever your real estate or mortgage needs may be. Please feel free to contact me with anything I can do for you. I look forward to serving and developing a friendship with you. God Bless!

Why Not Own?
Why not turn the rent on your apartment into a real asset? For about the same monthly payment, you can own a home. 1st Metropolitan Mortgage specializes in strong programs for first-time home buyers, and we know how to find the best fit for you. With little or no money down, slow or even no credit, and low, competitive rates, we can help you make your American dream a reality.

  • 97% to 100% Financing of Your Purchase
  • Community Home Buyer
  • FHA and VA Loans
  • USDA Rural Loans 

We'll Help You Get Started.
We offer exceptional customer support from the moment you contact us until you close the loan. You can call or apply online for a quick pre-qualification. Your loan application will be carefully matched with a program that best suits your needs. A loan officer then personally helps you close the loan. Apply today and find out how you, too, can become a proud homeowner like so many other 1st Metropolitan Mortgage clients.

At 1st Metropolitan Mortgage we know that life has its ups and downs. The road can sometimes be rough, and credit records can show the wear. Whether you have late payments, collections due, bankruptcy, foreclosure, or no credit at all, we will do our best to find a program to fit your situation. Our loans work to help you win your new home or to refinance your current home at low rates. We can even help you on your way to re-establish your credit.

We'll Help You Get There.
At 1st Metropolitan Mortgage, we find ways to approve loans, not excuses to turn them down.

  • Prior Bankruptcy OK
  • Prior Foreclosure OK
  • Help in Reestablishing Good Credit
  • Expanded Criteria Programs with Low Rates

We'll help you on the road to re-establish your credit, and to realize your American Dream.

Your New Home is Within Reach.
Whether you are planning for your dream home, making an investment, or purchasing a vacation property, 1st Metropolitan Mortgage stands behind you to help you close the deal. 1st Metropolitan Mortgage offers great packages for new home purchases. Our innovative products and exceptional services ease the loan process and help you quickly on the path to your new home.

Our Dream is to Help Reach Your Dream.
We have helped thousands of homebuyers in the past, and we're always looking forward to the rewarding experience of helping another client with a new home purchase. Put us to work for you and find out why we are the first choice of so many satisfied customers.

  • Low Fixed Rates for Conforming
  • Competitive Adjustable-Rate Mortgages
  • One-Time Close on Construction Loans
  • Jumbo Loans up to $2 Million
  • Up to 95% Financing for Second Home

Your Property Can Help You.
1st Metropolitan Mortgage has an array of products to help you refinance your existing home or property. From home equity to cash out, 1st Metropolitan Mortgage has the experience and knowledge to help you in almost every situation. What's more, tax deductions for the interest may apply on some mortgage loans - be sure to check with your accountant. We work with you to find the best solution to all of your refinancing needs. When refinancing your home, make the best choice:

  • Lower Your Interest Rate
  • Receive Cash Out for Any Reason
  • Make Home Improvements
  • Receive Money for Education
  • Consolidate Your Debts
  • Achieve Second Mortgage with Low Fixed Rates

Your Home is Your Asset.
Did you ever want to add another room or build a deck? Or are you struggling to pay off college tuition? By using the equity in your home, you may qualify for a sizable amount of credit, available for use when and how you please, at an interest rate that is relatively low. 1st Metropolitan Mortgage has a diverse line of home equity loans, including fixed-rate loans with terms up to 30 years. What's more, under the tax law, and depending on your specific situation, you may be allowed to deduct the interest because the debt is secured by your home.

Major Credit for a Major Asset.
If you are in the market for credit, a home equity plan may be right for you. A home equity line of credit is a form of revolving credit in which your home serves as collateral. You will be approved for a specific amount of credit, which is your credit limit, the maximum amount you may borrow at any one time under the plan.

At 1st Metropolitan Mortgage simply tell us your needs. We'll help secure the credit that you can use for just about any purpose.

But, sometimes purchasing a house is not always the best option for clients for various reasons. We have access to available properties out on the market for rent in and around the Charlotte area. Call us today at 704-456-7032 to give us the specific criteria of what you are looking for!

Areas of Expertise

As a real estate investor myself, I have a niche in finding incredible deals and investment properties. I have extensive knowledge of the market and know practically everything available. If you are an investor interested in foreclosures, HUD homes, or short sales, I am the broker for you.

Foreclosed Bank Owned Properties are our specialty.  Check out the following links for bank owned properties in the Metro Charlotte, NC & SC areas:

Amercian Home Mortgage:  https://re.oomc.com/staticBroker/reProperties.jsp

BB&T REO Division: http://www.bbt.com/applications/specialassets/search.asp

Citi Bank Mortgage: http://www.citimortgage.com/Mortgage/Oreo/SearchListing.do

Fannie Mae (GOVT): http://reosearch.fanniemae.com/reosearch/

HUD Foreclosures (GOVT): http://www.hud.gov/homes/index.cfm

GRP Financial (Sallie Mae): http://www.grpcapital.com/properties/index.php

IndyMac Bank: http://apps.indymacbank.com/individuals/realestate/search.asp

Chase Financial REO: http://mortgage.chase.com/pages/other/co_properties_landing.jsp

M & T (Manufactured & Trust Bank): http://www.mandtreo.com/app.aspx?st=1&e=home

National City Mortgage: http://www.ncmcreo.com/

Ocwen Bank Owned: http://www.ocwen.com/reo/home.cfm

Regions Bank:  http://realestate.regions.com/servlet/Ore/ForeclosedPropertySearch.jsp

Suntrust REO: http://www.suntrustmortgage.com/reo.asp

Taylor Bean REO: http://www.taylorbeanhomes.com/

Washington Mutual REO: http://www.wamuproperties.com/

Wells Fargo REO: http://www.pasreo.com/pasreo/public/propertySearch.do

Also, with my background in the finance field, I am confident that I can provide you invaluable guidance and information to help you obtain the most competitive mortgage options in the market today. Following are some programs we can offer:

Conventional Loan Program:

  • 97% Financing with a One Loan Fixed Rate 30yrs w/PMI down to a 620 Score
  • Owner Occupied Only at the 97% LTV
  • If There are 2 Borrowers Then the Lower Score of the 2 Applicants Will be Used for Qualifying
  • Allows for Unlimited Collections provided they are not against Title
  • Allows a DTI up to 55%
  • Allows for No Verification of Rent
  • Allows for No Reserves Required (certain scenarios will ask for some)
  • Allows for up to 3% in Seller Concessions
  • Need 2 years of Employment History
  • Gift Funds are Allowed with No Seasoning
  • All Judgments/Tax Liens must be paid
  • Need 24 months from FILE date not DISCHARGE date on 7,11,or 13 Bankruptcy and Must be Currently discharged
  • Need 24 months from date of last activity for a Foreclosure

 

Refinance Programs:

  • 30yr Fixed Rates Typically .25%+ below bank rates (Wachovia, BofA, etc) 
  • Allows for Self Employed or Wage Earners / Must Have 2 Years On Business
  • We also do 95% Rate and Term Refinance Full Doc on 2nd homes and 90% on Investment Properties with extremely low 30 yr fixed rates
  • 80% Cash Out Investment Full Doc extremely low 30 yr fixed rates
  • Stream Line FHA and VA Refinance Programs

 

2nd Mortgage & Home Equity Lines:

  • PRIME RATE LOWERED TO 3.25%
  • All Closing Costs Paid on Loan Amounts Between $10,000 - $500,000
  • Home Equity Lines as Low as Prime + 0.00% for 680+ Scores
  • Home Equity Line Can Convert to a Fixed at any Time for a $15 Charge
  • Fixed Rate 2nd Mortgages up to 30 Year Terms
  • Most Competitive Rates in the Industry

  

FHA Financing:

  • Needs a 620 Minimum Score
  • Financing up to 96.50% of Sales Price
  • Standard Ratios 31/43, But Can be Higher With Compensating Factors
  • Loan Amounts Have Increased for Both Purchase & Refinance (Actual Amount Depends on County)
  • Low MI Factor at .55
  • Seller Can Pay up to 6% Towards Closing Costs
  • Cash-Out Refinance to 95% LTV

  

USDA Rural Loan Programs:

  • Allows up to 100% Financing
  • Needs a 620 Minimum Score
  • Government Guarantee Allows for NO MI
  • One Time 2% Guarantee Fee at Closing / Fee Can be Added to Loan Amount
  • Standard Debt Ratios 41/41, But Can be Higher With Compensating Factors
  • No Explanations on Credit with 620+ Score
  • No Maximum Purchase Price
  • Property Has to be in a Rural Designated Area: http://eligibility.sc.egov.usda.gov
  • Income Can Not Exceed 115% of the US Median Income Limits
  • This Program is not Eligible for Loans with Down Payments Greater than 20%

  

VA Loans

  • Allows up to 100% Financing
  • The VA Funding Fee can be Included in the Loan Amount
  • Standard Debt Ratios 31/43, But Can be Higher With Compensating Factors
  • Maximum Loan Amount of $417,000
  • Must Have VA Eligibility Cert
  • No MI

  

Permanent & Non-Permanent Aliens:

  • Up to 97% Financing for Legal Residents Whether Permanent or Non-Permanent
  • Will Need Proof of Residency (Green Card, Visa, Etc.)
  • We Don't Do ITIN Customers if Their Residency is not Legal
  • DTI up to 55%
  • Allows for Unlimited Collections provided they are not against Title
  • Allows for No Reserves Required (certain scenarios will ask for some)
  • Need 24 months from date of last activity for a Foreclosure
  • Need 24 months from FILE date not DISCHARGE date on 7,11,or 13 Bankruptcy and Must be Currently discharged
  • All Judgments/Tax Liens must be paid

  

Jumbo Loans:

  • Loan Amounts up to $3,000,000
  • Fixed Rates or ARM Available

Commercial Loans:

  • Loan Amounts From $100,000 to $50,000,000
  • LTV up to 80% Financing
  • Down to a 600 Score
  • Aggressive Rates
  • Full Documentation Only

  

Misc. Financing Programs:

  • Lots / Raw Land Financing to 75% LTV
  • Construction Financing up to 95% LTV
  • We Currently Do Not Offer Condotel Financing, We are Working on Getting Programs for This Area
  • We Do Not Offer Any Stated Programs At This Time

  FACT: We have the most competitive programs out today and access to the best rates in the industry.

Testimonials

Sam made our 1st home purchase an ease. At the closing, the attorney noted how smooth the entire real estate and financing process was in dealing with Sam. We will definately be using him the next time we have any real estate or mortgage needs.

George & Martha     Monroe, NC

 

Thank you so much Sam! It was a pleasure having you help us in to our 1st home. You have helped us work thru all the hurdles of purchasing and we are very grateful.

Jerome Rhodes     Salisbury, NC

 

I wanted to thank you again for helping me purchase my 1st home for my family. You have been so great and helpfulwith the entire process. I wish only the best for you and your family.

Courtney Allen     Concord, NC