When your credit is pulled and all of a sudden you get phone calls?

A lender takes your loan application and then the next day you get phone calls from other lenders, how does that happen? Watch and Learn.

It happens. You are looking online. You see a great, unbelievable rate and you complete a form. You assume a lender is going too reach out to you. Instead, you are bombarded with calls!

So, Why are you getting calls from other mortgage companies when your credit is pulled?'

The simple answer, the company is selling off your information. When you fill out a form you might be unknowingly consenting to the sale of your information. It is important to read the fine print when completing any form and how they use your information.

When you start your loan app with DDA mortgage, our Loan Originators are the only people who receive and review your information. Big companies like Zillow, Realtor.com, and even Rocket Mortgage, can send your information to 100s of brokers who pay them for your information.

Leads can be bought from other mortgage companies, tune and learn.

If you are looking for a local Florida mortgage broker, with over 250 5-star verified Google Revies, give us a call (727) 784-5555.

Looking for more details? Listen to our extended podcast! Or start your loan with us now.

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1. HOA / Condo Association Loans (Most Common) These are commercial loans made directly to the association, not individual unit owners. Typical uses Roof replacement Structural repairs Painting, paving, elevators, plumbing Insurance-driven or reserve shortfalls Key features No lien on individual units Repaid through monthly assessments Terms: 5–20 years Fixed or adjustable rates Can be structured as: Fully amortizing loan Interest-only period upfront Line of credit for phased projects Underwriting looks at Number of units Owner-occupancy ratio Delinquency rate Budget, reserves, and assessment history No personal guarantees from owners 2. Special Assessment Financing (Owner-Friendly Option) Instead of asking owners to write large checks upfront: The association levies a special assessment Owners can finance their portion monthly Reduces resistance and default risk Keeps unit owners on predictable payments This is especially helpful in senior-heavy or fixed-income communities. 3. Reserve Replenishment Loans If reserves were drained for an emergency repair: Association borrows to rebuild reserves Keeps the condo compliant with lender and insurance requirements Helps protect unit values and marketability 4. Florida-Specific Reality (Important) Given your frequent focus on Florida condos, this resonates strongly right now: New structural integrity & reserve requirements Insurance-driven roof timelines Older associations facing multi-million-dollar projects Financing often prevents forced unit sales or assessment shock Many boards don’t realize financing is even an option until it’s explained clearly. 5. How to Position the Conversation (What to Say) You can frame it simply: “Rather than a large one-time special assessment, the association can finance the project and spread the cost over time—keeping dues manageable and protecting property values.” That line alone opens the door. 6. What Lenders Will Usually Ask For Current budget and balance sheet Reserve study (if available) Insurance certificates Delinquency report Project scope and contractor estimate Bottom Line Condo associations do not have to self-fund roofs or major repairs anymore. Financing: Preserves cash Reduces owner pushback Helps boards stay compliant Protects resale values Tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329