Mortgage Lending Communication “I just wanted to take a minute and thank you for pushing this purchase through for us. I know we are not your only customer but you sure make it feel this way. To the rest of the team, thank you for all your patience, I know ... Read More
Check out this success story and it is a little known advantage for licensed Real Estate Agents. Actually a Realtor commission may be used as down payment for the purchase of their own home. Although normally lenders are required to prove down payment in t... Read More
Check out this success story for this VA purchase! High debt ratio and under 640 scores closed quick First Time VA Loan Buyer Options Under 640 score, over 55% debt ratio, VA home loan purchase that needs to close in 33 days? No way? Yes, Way!! So often th... Read More
USDA guidelines allow for limited credit Limited Credit & No Money Down Mortgages Do you have limited, but good credit and want to buy a home with little to no money down? Our USDA guaranteed loan guidelines will allow for us to add nontraditional credit to a thi... Read More
VA home loans work so well for military and veteran buyers. They offer a no money down purchase loan. But sometimes things happen outside of the service member’s control. Too often VA buyers have purchased a home that depreciated in value so that the home... Read More
OVM Financial is one of INC 5000 top growing companies in the US. OVM Financial is thrilled and honored to announce we have been named one of INC 5000 Magazine’s Top 5000 Fastest-Growing Private U.S. Companies in 2015 & 2016! Since our company’s initial star... Read More
A recent VA purchase closing had 2 characteristics of a VA loan that most do not know. First is using a VA bonus entitlement. This allows a qualifying veteran to have 2 VA loans at once. It is also called 2nd Tier Entitlement, which gives the veteran the abi... Read More
Do you have a required repair on a USDA loan We see this issue too much where the appraiser is requiring repairs to be completed on the home in order to meet USDA guidelines. If the seller is HUD, Fannie Mae, or a bank, often they will not allow the repairs to be c... Read More
Low Credit Scores Can Get Approved Today there are many prospective homeowners with low credit scores, higher debt to income ratios, or limited credit experience. This can make it difficult to obtain a mortgage loan to purchase a home. Potential homebuyers do ne... Read More
All types of mortgage loans Just in our office we see so many different mortgage scenarios and we have always taken pride in knowing a large array of mortgage products. We don’t just take the cookie cutter loans. We tackle the difficult situations for the g... Read More
Check Out The Latest
- Gift Letter for Mortgage: Requirements for Who, What, and How MuchSeptember 21, 2017 - 7:16 pm
Buying a home is the American dream for many and there are a lot of programs available to accomplish this dream. But what happens when the buyer needs a little extra funds in order to purchase? That is where a gift can be very beneficial. Although it is important to understand gift requirements such as […]
- Everything You Need to Know About Purchasing Rental PropertySeptember 14, 2017 - 9:47 am
Whether it is a vacation rental or long term rental, buying rental property could be a big step towards financial freedom. According to the National Association of Realtors, buying a rental or investment property actually accounts for approximately 20% of purchase transactions lately. A benefit for investors that are able to buy rentals is that […]
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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.