Success stories
PrimeLending receives the Prestigious Pinnacle Award
Saturday, March 17, 2012
PrimeLending receives the Prestigious Pinnacle Award for 2nd year in a row from the TMBA! Click on "read more" to see more about this award....
READ MORERecent USDA Success!
Friday, March 02, 2012
USDA purchase brand new construction: Brand new $200,000 home in new up-and-coming subdivision, in a USDA Rural Housing-eligible area in Wilmington, full approval (including USDA approval also) and it is only subject to completion of the home, construction to begin and we will close the loan as ...
READ MOREMore recent success stories!
Tuesday, February 28, 2012
1. MCC tax credit approved for conventional purchase, buyer should save money every year when filing tax returns; buyer’s loan approved and ready to go 3 weeks prior to scheduled closing date 2. Loan approved for cash-out refinance of primary residence, borrower using cash out from home to enable...
READ MOREFHA purchase first-time homebuyer
Friday, February 24, 2012
Borrower had been working with another lender and was disappointed with their lack of communication and disclosure of important information. We obtained a credit rescore & got buyer’s score up to where approvable, added nontraditional tradelines to credit report also to give credit more depth, u...
READ MOREA few of our latest successes!
Wednesday, February 22, 2012
Clear to close for a purchase of a 150 year old home, Clear to close on an FHA purchase where the buyer has a 635 credit score and about 15 medical collections, 2 buyers qualified this week for the MCC tax credit, Clear to close on a USDA purchase where the buyer has a 635 credit score with 100% fin...
READ MOREDigging Deep!
Monday, February 20, 2012
Thanks to our Amy’s genius, we closed a complicated FHA purchase formerly denied by another bank for excessive debt ratio: Has a business with a loss which lowered the primary income, Amy dug deep to prove & eliminate debts paid by the business, able to prove higher eligible income, and showed a...
READ MOREPrimeLending Announces 2011 Producer Awards!
Tuesday, December 27, 2011
In a recent PrimeLending National Production Announcement, Russell Smith was named a 2011 President's Club Prime Power Production Member! Along with other qualifiers that were named to this club, Russell will be honored with his award in Key Biscayne, Florida in May, 2012. Congratulations Russell ...
READ MOREClear to Close...
Monday, August 08, 2011
Clear to close on a conventional loan purchase in 1 week from receiving the signed purchase contract in Lumberton! ...
READ MOREMCC tax credit / USDA mortgage with a 635 score final approved
Tuesday, May 24, 2011
Started working with buyer on 4/7/11 with a 579 credit score. Had her pay down card balances and got her score to 635 and approvable for manual underwriting. Didn’t get the score up until 5/6/11 and closing on 5/26/11. Helped listing agent and seller too because the house has a lot of liens ...
READ MOREOne credit score-No problem!
Friday, May 13, 2011
FHA approval with 3.5% down payment and buyer only 1 credit score. Even if the borrower has one credit score but it is good credit, we can still lend on FHA without an increase in rate. We were able to approve a buyer the other day with this scenario. For more details, contact us...
READ MOREBuyer goes from credit issues to low fixed rate approval!
Friday, April 01, 2011
With our direction, the buyer’s hard work, and the help of credit repair, a current client was able to go from being unable to qualify for any mortgage because of credit issues to qualifying for a Below Market 30 Year Fixed Rate. Because the buyer now has a qualifying credit score, is a first ti...
READ MORECalculating a Pastor's Income for a Mortgage Loan
Wednesday, March 23, 2011
We recently received a call from a pastor of a church that received a denial from another lender. The problem the other lender had was counting the housing allowance, which is standard income for a pastor, when it does not show on the borrower’s tax returns. A documentable housing allowance is...
READ MORE2nd home purchase of a condo with no pmi, no appraisal, and only 10% down!
Thursday, December 30, 2010
Last week we preapproved a purchase of a 2nd home / vacation home that is a condo for 10% down on the HomePath program! This is a Fannie Mae owned foreclosure property which is being sold with special and unique financing. For this Homepath condo, we can loan up to 90% as a 2nd home with no PMI,...
READ MOREExamples of How We Can Help
Saturday, December 11, 2010
Appraisals, credit scores, debt to income ratios, and guidelines in general are tough nowadays. We are here to help you. Here are some examples of recent closings that were referred to us because of issues elsewhere: 703 credit score with only 1 tradeline reporting on creditUsed 3 alternative...
READ MOREAnother Mortgage Save!
Wednesday, December 08, 2010
Cashout refinance with 48% debt ratio approved. Helped referring bank and client....
READ MOREApproval Success Story!
Monday, December 06, 2010
Success story of a previous bank turned down self employed borrower! We received a mortgage underwriting approval Saturday morning (yes, our underwriters will work on weekends to stay caught up!) in just over 24 hours from underwriting submission. The client was referred by a bank after they had a...
READ MOREAwesome Approval You Have To Read!
Tuesday, November 30, 2010
Limited Credit buyer approved for 100% financing! Scenario: Only 1 credit score with limited credit, first time buyer, no rent history, USDA loan with no money down, only 1 trade line reporting on credit, used 3 alternative credit references (cell phone, insurance, installment payment not on cred...
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