do you do va loans, charles is a veteran?we are in a bad mortgage, corrupt from the beginning, and we need lower payments and an escrow, also need to pay several bill to free up money for living expense, can you help
Hello Charles,We do VA loans and are based in the state of Oklahoma. Are you located in Oklahoma? You can reach me at 405.308.4208 or 800.883.8112. Thank you. You can Check out our reference letters from other veterans at www.VALoansOK.comNick Utesch

Does a RD Loan have PMI ?
USDA RD loans do not have Monthly PMI, but they do have a charge of 3.50% of the amount borrowed as an upfront mortgage insurance premium (or RD Guarantee fee). They allow you to finance in the cost of the Upfront Mortgage Insurance Premium/RD Guarantee fee. This is charged on ALL USDA loans, regardless of...

OK to use Home Equity credit line for down payment?
I think this is a fine idea. As a matter of fact, we may have an option that is of great interest to you and that is called a "Recast Option". This allows you to make a principal reduction after closing (as long as it is at least 10% of your loan amount--for example if you owe $150k, you'd have...

When can I get another mortgage?
The previous answers are correct....2 years Minimum on the foreclosure (sherrif sale date) and some require 3 years

How do I not pay PMI?
You shouldn't be required to pay PMI on a conventional loan if you put a minimum of 20% down. If you are donig an FHA loan, PMI is always required on a 30 year term, regardless of the down payment. If you are not wanting to put 20% down on a conventional loan, there are some special programs available...

What's the best way to finance some home remodeling into a refinance?
If your current rate is over 5% on your existing first mortgage, your best bet may be to do a new refinance with cash out. We can borrow you up to 80% of your current appraised value (with qualifying income & credit) to pay off your existing loan and obtain cash out for remodeling. I also have a contact...

Va loan
Hello, My name is Nick and I'm a VA loan specialist with Progressive Financial Services in Oklahoma City. We specialize in helping Oklahoma Veterans and Active duty servicemembers with VA financing. Feel free to contact me at 405.308.4208 or visit our website at www.VALoansOK.com Thanks! --Nick...

Are va-eligible borrowers only allowed one zero-cost home purchase?
Not to further confuse you, but there are provisions where you can actually even have more than 1 outstanding VA loan at a time. If you'd like to discuss this or any of your other VA options directly with a local, Oklahoma based VA expert, please contact Nick Utesch at 405.308.4208 or check out our...

if i am married and seeking a va loan, will my wives bad credit affect my chance/ interest rate
You might be able to look at the loan in your name only without including your wife on the loan. I specialize in VA loans and would be happy to help you evaluate the options. We are also based in Oklahoma. My phone number is: 918.895.4500 or 405.308.4208 and my name is Nick Utesch (NMLS ID#: 216693); with...

are there land sq footage restrictions on usda loans?
Generally speaking, there are not restrictions on the amount of land a property has on a USDA loan. Normally the rule of thumb is that the land value should not exceed 30% of the total purchase price. If you need help with a USDA loan (or any other type of mortgage), please don't hesitate to call me at 405.308...

Conventional DTI requirements
There's a strong chance you'll be okay (of course, all loans are subject to underwriting review, terms & conditions). Generally speaking, Conventional loans allow up to 45% DTI (sometimes even 50% with strong compensating factors). If you'd like a free, no obligation pre-approval analysis from a...

Can I get a mortgage with a short sale 3 years ago?
Actually you might very well be able to do another VA loan even if your previous home you had a short sale on was a VA mortgage (even without having to payoff the loss the VA suffered). There are some intricate calculations that come into play with determining how much you are eligible for on a new VA loan...

Preapproval a litle higher than i was expecting, should I switch lenders?
Enter a reply hereI agree with William. It is illegal for a lender or broker to collect any fees up front other than actual credit report and appraisal charges, and those may only be charged after certain disclsures are provided to you (such as, but not limited to, a Good Faith Estimate & Truth In...

is getting a cashout refi better option than heloc?
It Really depends on what your current rate & credit score is. What is the rate on your existing first mortgage?

early termination on my lease and getting a mortgage?
Hello,William is correct. In most cases, a lease termination shouldn't affect your ability to qualify as long as you pay the fee the landlord requires to break the lease. My name is Nick Utesch and I'm a mortgage loan specialist with Progressive Financial in Oklahoma City. We can work statewide and I'd...

can my mom use my dad's va service to purchase a home
Hello Terri,John is correct, but there is one very important detail. Your mom is only able to use your fathers VA benefits if he died as the result of a service connected disability (the VA must have issued a determination that he died as the result of an injury or disability he sustained while serving). ...

Are there mortgage options for disabled veterans?
In some cases, there are special options for disabled vets. The VA has a specially adapted housing grant program and other options available. You would have to talk to the Houston VA Regional Loan Center and they can get you more details on that. If you'd like to explore Oklahoma VA home loan options,...

whats the possibillity of financing the va funding fee into my loan?
Hi there,A VA funding fee can normally be rolled into your loan, especially if the purchase price is below $417,000 on the price of the home. Please keep in mind that If you have a 10% or more service connected disability, you normally are exempted from paying the VA Funding Fee. Please keep in mind that...

If we were in foreclosure but were able to sell our home before the foreclosure, that was over two years ago, can we get a loan?
In many cases, with a VA loan, you can possibly look at purchasing another home if the late payments / foreclosure activity was over 2 years ago and the government didn't sustain a loss on the home sale. There are other factors involved, such as your current credit history, debt to income ratio and other...

how do i look at getting a home improvement loan and make it part of my morgage
A lot will depend on how much equity you have in your home. As others have mentioned, there are options where you can do a mortgage to refinance your existing loan and obtain cash out (with qualifying credit and equity) and there are also options to obtain a 2nd mortgage. I am a local mortgage broker in...