[VA Loans]

27 minutes ago, Jon - Trident Home Loans said:

Agree to disagree😀. I think you’re on target that there is a perception about this but factually it’s not accurate.  Few counter points based on Marty and my experience being both in the top 10 in country for VAs originated.

1) VA appraisers are independent appraisers who also do conventionals and guidelines are the same minus the inspection.  They are just licensed/contracted by the VA to complete appraisals on the VA’s behalf.  They don’t work for the VA and don’t have to take any VA appraisals if they don’t want to.  The only GS appraisers the VA has work on the regional loan center staffs not in the field.

2) VAs are not just a zero down loan.  Per the VA lender handbook page 3-9 veterans can choose to pay above the appraised value and can waive the appraisal valuation or write an appraisal gap just like a conventional.  I know this reference because I educate realtors all the time on behalf of my clients on this.  Just had a listing realtor with 25yrs of experience say she wasn’t taking VAs because she didn’t know this.  I provided the references and my credentials and my clients were under contract later that day and are closing now.

3) The VA appraiser has more discretion on valuation than conventionals because they don’t go through a QC process like conventionals do.  This can be a good thing or bad thing but considering the few low appraisals I see it is a good thing.

4) The VA has a review period and appeal process that conventioanls don’t have.  If the appraiser does their initial review and can’t find sales data to support the price they issue a “Tidewater” notice and give the agents 48hrs to provide the comparable sales data to justify the value that the appraiser will use before issuing the final valuation.  If it then still appraises low veteran can request a reconsideration of value through the staff appraisers.  If after a tidewater and ROV it still is low then likely it’s over priced and many times it’s so late in the game the sellers negotiate.

4) Conventional loans max out at 95% loan to value not purchase price so assuming it also appraises low on the conventional not only would you have to still bring the 5% but you’d have to bring the difference between the appraised value and purchase price vs VA where you’d only have to bring the difference.  This can also drive higher PMI on conventionals because it is also loan to value based.

 

I believe any bias against VAs is due to a lack of education, experience or bad experiences in the past.  I believe the reason people choose me to represent them isn’t just the rates and service.  It’s that I will call up a listing agent and “educate” them so they feel comfortable with a VA and usually at the end of the convo they are all about it.  Big banks and lenders miss this critical component and thus some agents remain ignorant to the value of VAs for their clients or potential buyers.  It’s all about education and breaking the error chain upfront.  Have a 15min convo on the phone with me about the value of VAs and I guarantee you’d never consider a different loan.  Same with agents who I talk to.

 

I’m not telling you you’re wrong or your stories aren’t accurate.  I’m just saying they don’t need to be and posts like this only further the problem.  I always answer my phone so happy to discuss it more if you’d like.

Cheers!

Jon

850-377-1114

jk@mythl.com

DITTO!! - Jon, is one of the best in the country.....if not the BEST and has the knowledge and experience to validate any and all claims. In addition, Jon treats you like family and gives you transparency where most will be vague at best! Business is business - Jon chooses an ethos of moral turpitude and ethics which is why he is who he is!

Moreover, I'm a disabled Navy combat vet who just used Trident's services with nothing but the BEST experience and rates on the market - Jon saved me from buying an over-priced home by 20,000 - the FOMO (Fear Of Missing Out) - not hardly - saved my ARSE! Canceled my contract and did a HALO jump out ! The worst part about it - my Agent and listing agent both market pro's - got schooled by Trident - so it goes to show just how good Jon and Trident is - very specialized boutique lending services/team.

Furthermore, with that being said, I plan on going with Jon and Trident in the future when the market corrects and/or I find a good deal in the future - you can't beat the A-Team!

Warrior(s) for life - thank you Jon and keep educating Americuh' ;-)~

 

v/r,

Steve

[VA Loans]

:Status Update: Hot off the press!

It's with great pleasure that I present my current rate lock as of 04/04/2022 of 4.250% on 350,000k, zip code: 73013, 1st time VA use and with full entitlement and no funding fee or down payment required (Disabled Navy (Operations Specialist) Vet 100% P&T & SSDI (Former Civilian Police Officer); The A-Team via Jon w/Trident Home Loans! 

Moreover, I had a few lenders come back with their BEST and final - not even in the same ballpark........thus the results speak for themselves, another VERY satisfied customer! Consequently, I was pre-approved last Friday on 4/01/2022 sent an offer via realtor and had offer accepted the following day (04/02/2022) - fast forward to this morning/afternoon - rate locked as stated above @ 4.25% - that's the SAUCE & the white glove service!

If you want the best of the best in rates and people look no further than with Trident Home Loans! 

HOO-YAH (war cry) 😉

v/r,

Steve

[VA Loans]

17 minutes ago, CaptainMorgan said:

Okay, I’ll shop around, but can you beat Trident?


Sent from my iPhone using Tapatalk

Trident all the way! At least I've had nothing but white glove service!

[VA Loans]

48 minutes ago, nunya said:

Didn’t read the whole thread, huh?  Just a page or two then jumped right to the advertising?

LOL - You said it before I could finish reading it......... too funny, I needed this! 

[VA Loans]

28 minutes ago, Standby said:

Since this thread is on top, I’ll throw my usual plug. We’re under contract on a new home. Using Trident as our lender for the 3rd new home (+ a refi on an investment house) in the last 4 years. Rates can’t be beat, and the people are even better. 

I concur with the aforementioned statement! Currently working with Trident now and couldn't be more pleased! If you want the A-Team Trident is that and then some! 

[VA Loans]

2 hours ago, Herkdrvr said:

Thread update:

I ditched my other potential lenders and went w/Jon @ Trident.  

I can't say enough good things about Jon & his team.  I particularly appreciated his willingness to answer questions candidly, his responsiveness & that of his colleagues, and his overall approach which combines not only the best value for $$ but integrity to boot. I encourage anyone looking for a home loan to give Jon a call; I'm sure you won't be disappointed.

 

 

 

Herkdrvr,

Hey outstanding news and glad Jon was able to guide you through the process and provide you with a positive outcome! I'm very glad to have him assist myself with a new home purchase, I have the same sentiments - just a very squared away team!

w/r,

Steve

[VA Loans]

1 hour ago, Jon - Trident Home Loans said:

Thanks for the kind words!  Glad you shopped around first and discovered it on your own.  Makes for a better review😂  Thanks for putting your trust in me and my team!

Jon

 

Jon,

Good afternoon! It just goes to show you and your team are top notch and know your business very well which makes for a positive outcome for all parties involved! Congratulations on another happy customer 😉

w/r,

Steve

[VA Loans]

23 minutes ago, Jon - Trident Home Loans said:

Thanks Steve!  Looking forward to helping you move to FL!  I don't know any agents down there personally but I'll ask around in my circles.

Cheers!
Jon

Jon,

Looking forward to a nice smooth transition, no doubt! Glad we found someone as helpful, kind, and professional as yourself! Thanks again for the assistance - it's difficult since we're in NorCal- makes it a challenge for sure - but well worth the effort! Sunshine state here we come! 😉

v/r,

Steve

[VA Loans]

On 2/16/2022 at 5:25 PM, Jon - Trident Home Loans said:

Happy to help however I can!  I’m not the best pilot but I’ve done it long enough to know a couple things.  Same with mortgages.  Keep me posted.

Jon

I second this, glad I found this forum and all the great reviews of Trident - more specifically, Jon!

I'm looking forward to working with yourself and Trident!

v/r,

Steve

[VA Loans]

Does anyone know of any squared away relators in southern Florida, more specifically Naples, Fort Myers, or Cape Coral? 

I really prefer boots on ground approach especially since we will be buying remotely, etc. 

thanks,

Steve 

[VA Loans]

Jon, noticed you guys were not just "military friendly", but also veterans yourselves, thank you for your service.

A little back story on my current situation: I'm 42, a disabled Navy combat vet with 100% P&T (3,500.00/month) & SSDI (1,200.00/month)- since 2011/2013. My wife is my caregiver for 7 years paid through the VA (4,900.00/month non-tax). If we use the .25 % multiplier it would be upped to 12,000.00.

Combined Income non-tax (9,600.00), we're currently renting in Northern California - (2700.00/month) in rent with one car payment (863.00/month) and my LOC credit limit: 4,000.00 for 5 years at (170.00/month) had it since (Dec/2021). I have a target credit card, capitol one credit card, and a wells fargo credit card in addition to the line of credit (4,000) mentioned above. My auto loan from Oct/2020 - 60k - paid down now currently at 45k.  

That is all we have for debt.

All our credit card debt is 0 as of current but my line of credit - which we plan to have paid down to 8% utilization (AZEO method) for the biggest boost in credit score.

MY credit scores: EX: 718 EQ: 728 TU: 705

Wife's scores: EX: 705 EQ: 710 TU: 700

She is on the car loan - as well as, she has a credit card through wells fargo and capitol one; along with a retail account (care credit- for my service dog). All accounts are 0 balance but one at 8% utilization just like myself above.

We don't have any other debt obligations other than the above stated.

I requested my COE through ebenefits portal last week - still waiting on it to be issued. I have the FULL entitlement as we haven't used it before. Exempt from funding fee and 0 down as I take it. We don't have a lot in savings as of current - but will have 5k - 10k through closing. Thus, we used every penny to pay off debt and solidify our credit score! 

We don't have any negative information on our credit file no liens, judgements, bankruptcies, etc.- exceptional payment history for both of us.

Moreover, our credit is fairly strong/no debt/ strong income(debt to income is 8.6%)/ small savings - we hope to raise our scores above 720+ by May 1st. This is when we plan to actually have a hard credit pull to start the pre-approval process on or about May 1st - we are ready!!

Budget: 400k - 550K looking to buy in Southern Florida - Naples, Ft. Myers, or Cape Coral - in this order - would love to be in Naples - my dream choice! I would be exempt from property taxes, PMI, etc. 

What kind of rates would we be looking at based off the above picture? Sorry for the long winded message..... thank you again for your time and your service.

Look forward to hearing back from you, regards, Steve.