Ep #80 Lending Changes You Need To Know About

by Tim Hart | Apr 27, 2020 11:13:00 AM

Hello! With all the changes happening in the mortgage world, VanDyk Mortgage Lending Operations Manager, Rich Passanante, was cool enough to spend some time with me. Rich is my go to guy when it comes to guideline questions and deal saving. He is the best! I think you will really like this video and get a ton of information from it. As you watch it, just remember that we are closing loans. People are buying and selling real estate. You don’t need 20% down and 800 credit scores to buy a house. It helps your chances but is not needed. Some of the topics we discuss

Buying a home while furloughed?

Can you buy a home after being fired due to the pandemic?

New employment verification rules

New FHA loan overlays for loans under a 640 credit score. (FYI- We can go down to a 580 credit score on FHA)

 

We cover some other topics as well but if you are interested in keeping up to date on the mortgage world, then check this out.

 

itunes

Watch it on YT

Let me know what you think if you make it all the way thru. Feedback is always welcome! As always, let me know if I can ever help you or your clients call or text my cell at 239-910-5668 or they can use e-mail or social media. Heck, they even send us a fax, That still works! 😊 Have a great day!



Born and raised in Southwest Florida, I have been in the Mortgage business since 2001 I'm a grizzly, battle tested mortgage veteran. I am also the Host of Rates & Reels, which is the most popular fishing show in Southwest Florida, hosted by a guy named Tim. In my spare time I love spending time with my family, coaching baseball, and anything else my kids or wife want me to do. I would be happy to help you or someone you know with any of your Mortgage needs.

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