Aggressive VA Guidelines…

Recently I wrote about our aggressive guidelines for FHA loans. Guidelines that allows us to make mortgage loans to borrowers that are told “no” by other mortgage companies.

FHA isn’t the only thing we are aggressive about.

We also have aggressive VA guidelines…

- VA down to 550 fico score
- VA Manual UW
- LP or DU findings acceptable
- DTI up to 55% with 2 compensating factors and residual income
- VA no score available
- VA over $417,000 Ok
- Non-traditional credit Ok
- No trade line requirement if AUS approved

If you are a Veteran, and you want to use your VA benefits to get a mortgage please give me a call. I would love to help you! 

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here.

Get A Rate Quote Here.

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Unusual FHA Extras…

Here is another reason you should consider using my company then next time you want to buy a home…

…because we offer “more” than the average mortgage company.

Let me give you an example…

Most mortgage companies offer FHA mortgages. …We do as well.

…but, not only do we offer great rates on FHA mortgages, we do the “unusual” FHA loans as well.

Such as…

-Down to 550 Fico Score 
-Manual UW available with expanded DTI up to 53%
-No score available to full financing with Alternative Trades
-DTI up to 53% with DU approve eligible up to max with 2 compensating factors
-203K Streamline with up to $35,000 in deferred maintenance
-HUD $100 down program available
-HUD Back to Work program
-Non occupant borrowers ok with no overlays
-Manufactured homes
-HUD approved down payment assistance ok!
-FHA Flips ok with 2nd appraisal
-Consumer Credit Counseling OK
-We offer the FHA Back to Work program with reduced Foreclosure and BK Seasoning
-Short Sale waiver for borrowers current at the time of transaction eligible for new FHA no seasoning
-30 day mortgage late payment in the past 12 months ok with DU approve eligible.
-Up to 49 acres ok
-Hobby Farm or Ranch are eligible

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here.

Get A Rate Quote Here.

Need A Mortgage Calculator?

My Previous Blog Posts

One Way To Reduce Stress And Increase Happiness In Your Life…

I write about this topic at least once a year, but it’s a good thing to revisit it from time to time…

My job as a loan officer allows me to have a unique perspective into people’s lives.

I can see how much money people make, and how much money they have in the bank.

I do loans for people who make less than $20,000 a year, and I do loans for people who make well over $250,000 a year.

…It doesn’t matter if you make a lot of money, or very little money – there is a common problem that I see again and again…

…No savings.

This isn’t true in every case, but I see it very often.
People tend to spend what they make.

…even the borrowers I have who make a lot of money don’t tend to save their money.

My advice to you?… Pay yourself first.

Open a savings account, and before you pay any other bills – pay yourself first. …pay it just like it was a car payment or an electric bill.

…Make it a percentage (10%) of your total income.

Pay it every month. …it will build up faster than you think.

There is a special comfort that you will gain when you see that you have a comfortable cushion in the bank.

…I want that feeling for you.

This feeling of comfort will percolate into other areas of your life – less fights about money – less stress at work – happy mom and dad makes for happy kids, etc.

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here.

Get A Rate Quote Here.

Need A Mortgage Calculator?

My Previous Blog Posts