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Ray Tate PP

LeRay Tate

Division Sales Manager

NMLS# 172003, GA #27122, MA #MLO172003
6250 Old Dobbin Lane
Ste 110
Columbia, MD 21045

About LeRay

LeRay "Ray" Tate is a Sales Manager in New Penn's Columbia, MD office. Ray went to Atholton High School in Columbia and graduated with a Bachelors of Science in Marketing from the Robert H Smith School of Business at the University of Maryland at College Park. With over 12 years in residential finance experience, Ray joined the New Penn team in the spring of 2008. His mortgage career began after 10 years of strong experience as an Analyst and Manager with Fortune 500 firms. Ray joined the mortgage industry with a national mortgage lender and in short order he became one of their top Loan Officers specializing in refinances and debt consolidation. Wanting to expand his knowledge in the field, Ray accepted a position with SOUTHBank, a national mortgage company. As a top loan officer for SOUTHBank, he added home purchase financing expertise to his growing resume with experience in FHA, VA and USDA loan programs. Ray went on to work in small balance commercial real estate lending with Smart Commercial Funding. During that time he gained valuable experience with evaluating income producing properties and business income. That experience continues to be valuable in making the refinance process easier for Ray's customers that are business owners and look to purchase or refinance investment properties. Perhaps Ray's greatest attribute is his competitive nature combined with an outgoing, positive, friendly demeanor. For Ray it is always about getting things done and done well.

After 2 very successful years with Smart Commercial, Ray took his experience to New Penn Financial has risen to a Division Sales Manager. New Penn's desire to grow its business in and around the East Coast and its strong residential platform are a perfect match with Ray's ability to provide second-to-none localized personal service to borrower clients.

Ray is married and enjoys fatherhood, boxing, and bike riding.

Lending Specialties

New Penn offers some of the top mortgage products available in the market today. With low down payments, low interest rates, and reduced closing costs, our loan programs can help improve your financial situation.  Some of our most popular products include:

  • Fixed rate mortgages: 30, 20, 15 & 10 year terms available
  • Adjustable rate loans: 10/1, 7/1, 5/1, 3/1
  • Jumbo loans: Borrow up $3 million with competitive rates
  • FHA loans: Provide more flexibility in credit, income and equity/down payment requirements
  • VA loans: Mortgages for Veterans and Active Military
  • Renovation loans: Facilitate home improvements
  • Real Estate investor loans: Flexible financing to refinance or purchase investment properties
....These calculators are only meant to estimate results based on the information you enter. They do not take into account all factors that you should consider when choosing a mortgage, nor can we guarantee that the terms you enter reflect terms actually offered by New Penn Financial.

What Clients Say

“Ray Tate, I would like to thank you for providing me with a professional and friendly experience with you at New Penn Financial.  From start to finish you were detailed and you promptly followed up with an answer to my many questions. As I was anxious throughout the process, you were straightforward and opened up every avenue within your protocol to help make my dream of homeownership come true. I am very grateful for you and your company for approving my loan. You have made me and my son so happy!” – Karmyn R

“Mr. Tate is a very good salesperson. He helped me refinance my home and I have a low mortgage payment. Mr. Tate went above and beyond every step of the way.” – Bennie M.

“Ray, our closing went off without an additional hitch yesterday, if you hadn't heard. All told, the entire process was painless for us, not for you. That's thanks to you and your unfailing customer service. Thanks for all the courtesies you have shown us.” – Bill K.

“I had the pleasure of working with Ray Tate for the past few months.  From day one Ray helped me understand what seemed to me to be a very complicated loan process.  Ray made the whole process seem simple and answered all my questions professionally and in a timely manner.  I felt totally confident at the closing table. I owe my confidence to Ray: I will recommend Ray to everyone I know who is thinking of refinancing or buying a home. Ray was also very interested in my future financial success and gave me several strategic ideas for my future financial planning.  I wish Ray all the success in his future endeavors.” – Jacinta S.