Unusual Mortgage Financing May Help You!

Box with Bow

Mortgage underwriters (the people who actually “approve” your loan when you’re buying a house or refinancing) like to think that everyone fits into a little square box with a nice big ribbon on top. But homebuyers are not all the same.

If you have a situation that may be a bit outside the box, don’t worry. We have a wonderful resource for portfolio loans in Northern Virginia! (Portfolio loans are loans that are held by the lender, rather than being sold on the secondary market. As a result, the lender can often be more flexible in their underwriting guidelines.)

Here are some examples where our lender partner may be able to help you:

Check MarkYOU’RE SELF-EMPLOYED– but have been self-employed for less than the standard 2 year requirement. Our lender can work with just 1 year of self-employed or commission income..

Check Mark YOU’RE A FOREIGN NATIONAL

Check MarkYOU’RE FINANCING A LUXURY HOME and only want to make a 15-20% down payment. Our lender can do 85% LTV to $1 million and 80% LTV to $1.5 million  (owner occupied.)

Northern VA Mortgage FinancingThere are lots of other ways our lender can help. If you don’t fit inside that neatly wrapped borrower gift box, and you want to buy or refinance a home in Northern VA – don’t give up! Reach out to our lender, Paul Diaz with New Penn Financial. There’s a good chance he can help!

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