Many families prefer to live in a suburban or rural areas. Buying a home outside the city often means the water source comes from a private or community well. Veterans, active military, or surviving spouses need to understand how VA looks at a well. The Vete... Read More
Team Move Blog
Our team experiences so many scenarios in working with buyers, builders, realtors, and others so we have created this informative blog to help you find answers to your mortgage questions or scenarios.
For first time home buyers, we offer three Fannie Mae programs with a LTV up to 97% for credit worthy borrowers for certain principal residence transactions. One little known low down payment option we offer is the “My Community Mortgage” or MCM. R... Read More
Lenders cannot discriminate based on a borrowers age. A retired even at an advanced age can get a 30 year term We are surprised when we occasionally hear someone say something like “Well I am 65 years old, so I can only get a 10 or 15 year mortgage, right?... Read More
Social Security disability income protects individuals no longer able to work at the same prior level. In the past lenders had difficulty in meeting a mortgage loan approval. This requirement included proof that the income “should” continue for at lea... Read More
One of the most popular questions we hear is what kind of programs are there with 100% financing and the answer has been VA and USDA. But now, NC Housing Finance Agency has the NC Home Advantage Down Payment Assistance program. NC first time or move up buyers... Read More
The Dawson on Morgan Luxury Condos, downtown Raleigh, NC The Dawson on Morgan condos, which are located at 317 W. Morgan Street, Raleigh, NC, are currently approved with our company for conventional financing. A lot of people are not aware that often condos are d... Read More
Did you know that a Veteran can purchase a condo as a primary residence at the beach? VA approved myrtle beach condos are plentiful and offer a great, relaxing lifestyle. As of today, there are actually 49 approved condominium complexes in Horry County, SC. ... Read More
Retired with new income distribution from retirement account Did you know that a retired borrower can use a new distribution of income from a retirement account as qualifying income for a mortgage loan as long as the income from the asset should continue for at least... Read More
Mortgage Rates for VA, FHA, USDA, Conventional Mortgage Loans Keep in mind that there is not just one or two rates for all scenarios so when someone asks “what’s your 30 year fixed rate?”, there is no all-encompassing rate. There are so many facto... Read More
How to have perfect credit for best rates and approvals As we always say, nowadays everyone is a number so you might as well have a high one! Tips for getting that elusive perfect credit score: If there is one thing that we go over most in a day is educating borrowe... Read More
Check Out The Latest
- Mortgage Denied Because of Employment History? We Have SolutionsAugust 17, 2017 - 7:53 pm
Capacity, credit, collateral, and capital are considered the 4 C’s of mortgage lending. Basically, these are the main areas lenders review to qualify a borrower. But these 4 categories are broken down into many subsets. This article is going to discuss the capacity to pay back the loan and more specifically discuss the role of […]
- VA Loan Includes Condo Approval, Raised Credit Score, High Debt Ratio, Paying Off DebtsAugust 11, 2017 - 6:58 am
Individually, these areas mentioned in the title are great advantages of VA home loans. But what if all of them happened on the same purchase? Well, they did and we closed it! So, we bring understanding VA home loans to another level. Check out some of the things we were able to accomplish for a […]
find us here & there
Copyright © 2015 OVM Financial, All rights reserved. | OVMX; development by OVMX
The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only.
The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency.
The views expressed on this post are mine and do not necessarily reflect the view of OVM Financial Inc,.
Not all products or services mentioned on this site may fit all people
OVMFinancial, Inc. is licensed by the Virginia State Corporation Commission/Bureau of Financial Institutions as a mortgage lender/mortgage broker, license # 3038, NMLS ID# 86788, (www.nmlsconsumeraccess.org). We lend in the following states: Virginia, North Carolina and South Carolina.