Jon - Trident Home Loans

We don’t do HELOCs or home equity loans. We do cash out refi’s. Lots of different rules on those depending on type of loan and residency. VA’s are best but only can do on a current primary residence. Can go up to 90% loan to value but the VA funding fee is steep at 3.6%. Best combo is VA disability to exempt people from the funding fee and a VA cash out. Conventional primary’s are capped at 80% and 2nd home/investment at 75%. Interest rates are also higher on conventionals then higher on conventional 2nds and investments. VAs are always the lowest rates. It can be hard to get a HELOC on a second home/investment property so best to open them while they are your primary. Those are going to be a bank or credit union product. Give me a ring or email if you want to talk through specifics. 850-377-1114, jk@mythl.com Jon

Thanks man! Ya that was a crazy closing scenario! Props to you for keeping your cool and working through all the crazy weather/logistical issues. We’ll always work our butts off for guys like you who have a great can do attitude! I laugh when people hunt around to save $15 a month or realtor says you need to use a “local lender” thinking that buying a home or getting a loan is some turn key event. Great customer service and working with people you can trust is critical when the going gets tough...title, lender, realtor alike. You definitely deserve that beautiful home! Enjoy living in base and the flying! I’m back to flying/commuting in Jun. Jon jk@mythl.com 850-377-1114

Thank you! Thanks for the nice words and congrats on the close! Appreciate you trusting us with your business and helping others find us I just had a loggie in Cali call yesterday for a 700K high balance VA loan purchase. A very large bank that sponsors everything military related was quoting 3.125% and we've been at 2.375%. He heard about us through 2 AF friends who had both closed with us. Old school word of mouth definitely still works. Cheers! Jon

On behalf of Marty and everyone at Trident Home Loans we wanted to say thank you for promoting us around the AF! We don't spend a dime on advertising and everyone who has done business with us has helped Marty our owner rank as the #1 VA loan officer in the country for 2020 and even got me to #16. That being said Marty says if you're not first you're last...neither of us even knew they made 16th place ribbons In all seriousness though we really got our grass roots start on Baseops and it has just spread the old school way. These rankings just help us help all our clients leverage the best VA loan rates/pricing out of Wall Street and also give us some extra credibility when we call listing agents on your behalf! Thanks again and know we're always here for you! Cheers! Jon 850-377-1114 jk@mythl.com Application Link Rankings Source

Thank you! Happy to be able to do it! You got in at a perfect time. These rates won't last forever. Today was the first day in a while that Wall St started going the other way in the bond market which then negatively impacts mortgage rates. Nothing crazy and rates are still insanely low but just a reality check that there will be a correction at some point. Jon

Thank you so much and congrats! We always have everyone’s back! We don’t work for referrals from realtors, title companies or anyone else who stand to gain from shady deals. We are 100% for our clients’ interests and I’ll be the first to destroy anyone who cause problems for you. If I can’t get my will done then Marty will. Usually it doesn’t come down to that but sometimes we need to flex a little...I don’t know if they heard us counting but we did over 100😉 Jon

Thank you so much! It was a pleasure working with you and glad we could help! Rates are still great and we're doing a good job balancing demand with capacity so reach out if you think we could be of assistance. Jon 850-377-1114 jk@mythl.com App Link

Get with a local bank or credit union for an interest only portfolio construction loan. Once you're about 30-45 days out from the house being done we'll start the permanent VA loan. It'll be a VA cash out refi so it's capped at 90% loan to value to include the VA funding fee. Highly recommend getting VA disability first if you don't have it already to avoid the 3.6% funding fee. Jon

Thanks gents! Sorry for being slow to reply...for some reason notifications aren't coming through but I hop on every few days to check in. It was a pleasure helping all of you out! Thanks for spreading the word about Trident! Looking forward to helping a lot more of you guys this year! For an immediate response make sure you're calling, texting or emailing me. We expect rates to stay low for a while but finish the year slightly higher. Jon 850-377-1114 jk@mythl.com

Good news...we can now lock based on the new VA limits for 2021 which raised the jumbo transition limit to $548,250. Our jumbos and non-jumbos are both at 2.25% no points, no lender fees but we're able to give a nice lender credit on the non-jumbos especially in the higher loan amounts. Have a great Christmas! Jon 850-377-1114 jk@mythl.com

Interest rate gets locked when you go under contract. A preapproval is good for 120 days because that's how long a credit report is valid. The credit report needs to be good through the closing date so if it's going to expire then we just need to refresh it. We're doing all our 2.25% VA refi's with no points and no lender fees plus a lender credit. If someone is trying to charge you points or origination fees then you're getting a bad deal. You can close on a new VA refi 210 days after making your first payment so you're coming into that window. I'd just have to look at the third party costs, lender credit available, and your loan amount to see if it's worth going down just .5%. On big loans or if we can do it for free then definitely but on smaller loans or if it's in an expensive refi state like FL then probably not worth it. Happy to take a look at it for you through. Jon

Not sure I understand the question? Rates aren’t locked in until you go under contract to buy a house. We don’t charge any fees so any difference in the APR vs rate is the VA funding fee and any settlement fees charged by the title company. If you’re exempt from the funding fee and you don’t pay a settlement fee with the title company then 2.25% would be 2.25% APR. APR isn’t a thing in our world really because we don’t charge any fees to our clients

Thanks Sir! We try out best. Rates/pricing are awesome thanks to you guys doing business with us. Our loan portfolio is highly sought after by big money investors because of the high quality borrowers/loans we sell (that’s how we make our money on backside of the transaction). No only do we get to work with great fellow servicemen/women but you are why we get special pricing incentives that no one else in the country gets. That in turn comes back to you guys as in the form of lowest rates, no lender fees, and lender credits when able. It’s an awesome circle and we only have all of you thanks. Keep spreading the word and it’ll come back to every vet who works with us. Jon

Great working with you too! Lisa is an AF spouse, amazing Sr processor and also a licensed loan originator in FL, MD, and NC. Rates are awesome right now across the board so this worked perfectly! We'll be here to help anytime. Enjoy the holidays! Cheers! Jon

Good news the Federal Housing Finance Agency just released the updated county loan limits for next year. The baseline limit is going up from 510,400 to 548,250 for loans closing after 1 Jan. That's great for a few reasons: 1) If you are buying a house the transition point to a jumbo/high balance loan will be higher so if you stay below 548,250 you'll get a better rate 2) If you have a VA loan outstanding now you'll get more VA entitlement to use on a second VA loan before you'll have to put any money down. Also high cost area limits have increased more too which means more entitlement if you need a second VA in a high rent district. 3) If you're in a high balance/jumbo loan now that's above 510,400 but will be below 548,250 you can refinance out of the high balance/jumbo into a regular conforming loan and get a better rate. If you don't have any outstanding VA loans then you can still buy without any loan limits as long as you qualify debt to income ratio wise. These higher limits only help people with outstanding VA loans. The VA typically certifies the new numbers early-mid Dec so we can't start doing loans based on these numbers for a couple weeks until the VA authorizes it. Below is the link where you can look up the limits for the county you're in or where you may be headed. https://www.fhfa.gov/DataTools/Downloads/Documents/Conforming-Loan-Limits/FullCountyLoanLimitList2021_HERA-BASED_FINAL_FLAT.pdf Rates are still crazy low so if these new numbers help you refi to a lower rate please hit me up. Happy to sanity check any scenarios with minimal legwork on your part. Have a great Thanksgiving! Jon 850-377-1114 jk@mythl.com

Our investment IRRRL rates are the same as primary residence rates for the most part. Only downside is we can’t close investment property loans with a power of attorney which complicates things.

Thank you! Serena is a retire AF officer and her husband is a retired eagle driver. They are great people! Glad we could get you a great deal. We try to make everything we can control go as smooth as possible but unfortunately third parties aren't always as great. Rates follow the 10yr treasury bond and compete with stocks. The bond went way down this year but mortgage rates didn't fall as much in proportion. It takes a while for the mortgage back securities bond market to settle and that happened a couple months ago. Lenders then got crazy busy and still are so most artificially increased rates to slow down new loans because everyone to include all the third parties were maxed out with purchases and refi. We never increased our rates but we tried to stay off the radar so we didn't fail customer service wise. Purchases slow down this time of year so there is more capacity now which means more refi's can come in. There aren't mortgage backed security coupons on Wall St below 2.25% on VAs so you can't even buy discount points to go lower. It seems as though the bottom has been hit and the market is just waiting for good new with COVID for everything to start running up. We saw a taste of that on Monday when stocks soared but then reality sunk in. We saw 4 mid-day rate pricing corrections for the worse as a result, but then it all settled back down. This a good season to refi as everyone expects the refi market to die sometimes in the next year as COVID fears lessen and the economy picks up. All just my two cents...I have no crystal ball Jon

Happy Veterans Day to everyone! Vets serving Vets is the best combo out there. You guys/girls are the best borrowers we get and are the reason our investors give us such great pricing on VA loans. Pretty much still 2.25% no points and no lender fees on all streamline VA refis 250-510K with even a lender credit in many cases. Above 510K it's 2.25-2.375% on streamlines refi's with not discount points or lender fees. All assuming primary residences, and credit scores above 720. Below 250K it's usually 2.375% but can go higher the lower the loan amount goes down. Purchase rates are still super low as well. Expecting the 510K limit to go up again on 1 Jan which means more VA entitlement if you already have a VA loan outstanding to use on a second VA. Also means you might be able to refinance out of a jumbo VA into a conforming VA at a lower rate. The new limit will probably be released by the government at the end of this month. I'll post it once I see it Overall money is super cheap to borrower right now. Give us a call, text, or e-mail if you want to chat through a scenario. Thank you for your service! Jon 850-377-1114 jk@mythl.com Application link

Thanks Bud! Pleasure to work with you too! Glad we were able to save your fam a ton! We’re crazy busy but have been hiring top notch processors from our competitors so customer service doesn’t lapse. A caliber people want to work with A caliber people. We’re also not raising our rates to curb demand like other companies are doing. Never would have guessed we’d see these rates/pricing. If you’re in any type of VA above 3.25% it’s definitely worth a look. If you’re buying using a VA we’re definitely blowing away the competition. I won’t waste your time. Jon jk@mythl.com (850) 972-9938

Thank you! Enjoyed working with you again and saving you even more money. Hard to imagine we’ll be doing any more IRRRLs together after dropping you so low, but always here if you need anything. Jon

In general for 700+ credit score, 25 and 30yr VAs we're at: 2.25%: 300-510K 2.375%: <300K 2.75%: 510K+ All with no discount points and no lender fees. We're pretty much running at max capacity which has been why I've been quiet on here. Lots of lenders have artificially raised rates to slow their new loans which we don't want to do. Happy to help everyone but we just need to space out the volume so we don't kill our team. We're expecting VA rates to stay low for a while. Jon 850-377-1114 jk@mythl.com Online App

High balance VAs are more unpredictable on rates and change more often. I've seen anywhere between 2.375% with 1% in discount points and 2.875% with no points today for over 510K but below 1M. No lender fees on either. Our best money right now is for VAs below 510K. Jon

That sounds legit to me. They are likely just trying to get to you before someone else does so they don't lose a loan they invested in. 2.375% has pretty much been the going rate for primary residence, VA 30yrs, with 720+ credit scores and below 510K. Enjoy the extra money! Jon

Jake, I've heard anywhere from 14 to 45 days on credit pulls. The credit bureaus each have the own policies as I understand it. That being said I've pulled a lot of folks credits and I've never seen rate shoppers hurt by doing multiple inquires within a reasonable period of time. I've also have to refresh credit that expired and do another hard pull and it had no impact. I think mortgages are treated different than credit card, payday loans, etc since they are asset based like a car and shopping around is encouraged. I honestly wouldn't be concerned about it. Jon

I just shop us both around. Don’t think you’re going to go wrong with either NBKC or Trident based on both’s proven track record. Jon