Mortgage Minute: New Expanded FHA & VA Guidelines From NPF Benefit Home Buyers

Today’s “Mortgage Minute” is just in from our trusted lending partner, Senior Loan Officer Paul Diaz with New Penn Financial! If you’re thinking of buying a home in Northern Virginia this year – this may interest you!

Northern VA Mortgage Financing          Home Mortgages in Northern Virginia

________________________________________________________

“Please let your homebuyers know that qualifying for an FHA and VA loan with
New Penn Financial has never been easier! With New Penn’s unparalleled customer service and far-reaching guidelines, more borrowers gain access to a mortgage to purchase their new home. Here are some of the things we may be able to do:

  • FICOs (credit scores) starting at 580 (FHA) and 560 (VA)
  • Increased DTI (debt-to-income ratio) limits up to 60%
  • Revised tradeline requirements
  • Government down payment assistance permitted

Note that these are not set-in-stone guidelines, but we may have flexibility in these areas when compensating factors are involved. Examples of compensating factors would be high income, large assets or long time on the job.

When the market is contracting as a whole, New Penn Financial, LLC is expanding what we offer! Don’t hesitate to contact us. You may be pleasantly surprised that you can buy a home sooner than you think!

___________________________________________________________

Contact Paul Diaz at New Penn Financial for full details of program guidelines.

VA Loans, Short Sales, Military Buyers & Sellers – And Golf?!

Q. What do these things all have in common?

  • VA loans
  • Short Sales from a Buyer Agent’s Perspective
  • Military Buyers & Sellers
  • Golf (?!)

A. These are the topics of discussion tomorrow on Real Estate Radio Washington!

Tune in Saturday, October 20th from 10-11AM on 1260 AM WWRC to hear Belt Team Partners Mary Jane Perry, Jennifer Riddle & Krissy Cruse as they are interviewed by nationally recognized real estate & finance expert Jim McQuaig. (And if you can’t tune in, we’ll be posting the broadcast on our Belt Team You Tube channel.)

If you’re anticipating a military move into or out of the Washington D.C. area, you’ll definitely want to hear this show. Not only are these ladies experts in their fields, but Mary Jane Perry and Krissy Cruse both have active duty spouses and came to this area themselves on a military transfer. (Mary Jane is also retired United States Navy after 20 years of service.)

And if you’re a golfer – you will find out how you can play the normally “members only” course at Trump National Golf Club on Monday, October 22nd. Not only is this a spectacular course, but you can help raise money for two local charities : “Our Military Kids” and “Lift me up”. More details about the KW McLean Charity Golf Tournament can be found at www.KWMcLeanGolf.com.