The Home Select program gives you more control over your mortgage, offering flexible payment options designed to fit your lifestyle and financial goals. The Bamman Team, located at 200 E 4th St Suite 500, Roswell, NM 88201, helps Roswell homeowners explore this smarter approach to homeownership with clear guidance and trusted local expertise.
The Home Select program offers flexible payment features designed to fit the unique needs of Roswell homeowners. With guidance from The Bamman Team, you can choose a mortgage that adapts to your financial goals.
Home Select allows more control over how you structure your monthly mortgage payments. This flexibility helps Roswell families balance budgets while still building equity and planning for the future.
Life can shift quickly, and Home Select gives you the tools to adapt. Whether your income changes or you want to free up cash flow, The Bamman Team in Roswell makes sure your mortgage works with you.
Home Select works like a full-featured checking account with online bill pay, ACH transfers, mobile deposit, and even a debit card, making your money work harder without losing convenience.
Whether you’re self-employed, earn variable income, or just want more control over your finances, HomeSelect gives you the flexibility to manage your mortgage your way.
With 30 years of access to your revolving line, no prepayment penalties, and no hidden fees, HomeSelect supports your financial goals not just today but well into the future.
Home Select is a first-lien mortgage that functions like a checking account, offering a smarter alternative to traditional home loans. By depositing your income into this account, your balance is automatically reduced—minimizing daily interest charges and accelerating your loan payoff. It’s a 30-year open-ended mortgage with no balloon payment, no prepayment penalties, and up to $3 million in lending power. Use it for purchases or refinances on primary, second, or investment properties, including single- and multi-family homes.
With built-in banking features like online bill pay, direct deposit, ATM and Visa access, mobile check deposits, and ACH transfers, Home Select acts like a full-service checking account that happens to pay down your mortgage. Your income works for you every day, reducing interest and building equity—without changing your spending habits. It’s financial efficiency without the need for a new lifestyle.
To qualify, you’ll need a minimum 700 credit score for primary or second homes, and 720 for investment properties. Loan-to-value ratios go up to 90% for primary residences and 70% for investment purchases or refinances. A 43% DTI cap and positive cash flow are required, along with up to 15% of your line of credit in reserves. HomeSelect offers a 1-month adjustable rate, with terms that remain competitive with conventional loans. Talk to your mortgage advisor today to see if it’s the right fit for your goals.
The Home Select loan is a smarter way to own your home, combining the features of a mortgage and a checking account. Below are common questions homeowners in Roswell ask about this unique program and how The Bamman Team can guide you through it.
A Home Select Loan is a revolutionary alternative to the traditional mortgage. It works like a checking account, allowing deposits to “offset” your loan balance, which significantly reduces the amount of interest that accrues daily. It’s structured as a first lien, 30-year open-ended mortgage (HELOC) tied to a transactional sweep-checking account. There are no balloon payments or prepayment penalties, and it provides 30 years of draw access to your equity. Loans are available up to $3 million with no geographic limits and can be used for purchases or refinances on primary, second, or investment properties, including single-family and multi-family homes.
The Home Select program provides all the features of a traditional checking account while working alongside your mortgage. You’ll enjoy online bill pay, direct payroll deposit, ACH transfers, ATM and VISA POS cards, personal checks, wire transfers, mobile check deposits, and automatic bill pay. These banking features allow you to use your income dollars more effectively, reducing mortgage interest costs without requiring changes to your budget or lifestyle.
What are the guidelines for Home Select?
Eligibility depends on credit, property type, and cash flow:
Minimum FICO: 700 for primary and second homes, 720 for investment properties.
Maximum LTV: Up to 90% for primary home purchases or rate/term refinances, up to 70% for investment property purchases or refinances.
Maximum DTI: 43%, with up to 15% of the line of credit held in reserves.
Applicants must also demonstrate strong positive cash flow.
The program offers a 1-month adjustable rate, which is competitive with conventional mortgage rates. Since this loan is designed to reduce the interest that accrues daily, the effective cost of borrowing is often far lower over time compared to a traditional mortgage.
Yes, the Home Select loan can be used for both purchases and refinances. Whether you’re buying a primary residence, second home, or investment property in Roswell or anywhere else, The Bamman Team can structure the loan to fit your needs.
Located at 200 E 4th St Suite 500, Roswell, NM 88201, The Bamman Team offers local expertise and trusted guidance with advanced mortgage products like Home Select. We take time to explain the details, review your eligibility, and ensure this innovative loan aligns with your financial goals.
The Bamman Team with Geneva Financial, LLC offering personalized mortgage guidance solutions, fast customized quotes, great rates & service with integrity.
Brian Bamman NMLS #265635
Jane DeRose-Bamman NMLS #1823677
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Not a commitment to lend. All loans are subject to credit and underwriting approval. Additional terms and conditions apply. Not all applicants will qualify. AZ BK #0910215. Corporate Address: 180 S. Arizona Ave, Suite 310, Chandler, AZ 85225. Toll-Free: (888) 889-0009. Loan approvals, products, and interest rates may vary and are subject to change without notice. Geneva Financial, LLC is not endorsed by, or acting on behalf of HUD, FHA, USDA, VA, or any agency of the federal government. Equal Housing Lender.
