Getting a home loan can sometimes be pretty challenging. You have to complete an application, your credit report has to be pulled, and then you must supply documentation to back up the information on your application.
The difficult part then begins. Underwriting. Underwriting is when a person charged with approving your loan must review all the documents and make sure that your loan package fits into their guidelines.
Every lender has their own set of guidelines. Most lenders will add additional qualifying conditions on top of the published guidelines for conventional Fannie Mae loans, FHA loans, VA loans, and USDA loans. These are called overlays.
I am happy to announce that here at Service First Mortgage we have just removed virtually all overlays from our lending guidelines. Basically what that means is that if Fannie Mae has a guideline we will underwrite our borrowers’ loans to exactly what Fannie Mae allows. This makes getting a loan far easier.
On top of that, we are one of the few lenders that will approve jumbo mortgages up to $850,000 in less than 30 days.
So if you have recently been turned down with one of those big banks or online lenders, give me a call at 214-945-1066. We just may be able to get you that loan.
At Service First Mortgage we are all about responsible lending with integrity. Let me make you a homeowner. Apply one line now. Or download the application phone app now.
Richard Woodward, NMLS 217454
Your Local, Direct, 5 Star Rated Mortgage Lender, Specialty Lending Manager
Office: (214) 945-1066
Service First Mortgage NMLS 166487
6800 Weiskopf Ave #200, McKinney, TX 75070
Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. Service First Mortgage is an Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualification. Rates and fees are subject to change without notice. The views expressed on this site are those of the individual author and do not necessarily reflect the positions, strategies or opinions of Service First Mortgage or its affiliates.