PilotWife2

VA does offer a 20 year. If you are interested in a quote, send me a PM! Amy NBKC Bank

Thank you! Amy

I often work with several realtors in the Phoenix and Tucson areas. All are really top notch and great advocates for their borrowers if you are still looking for an AZ realtor. PM me! Amy

Update from NBKC Bank! We have rolled out a new extended rate lock program available in ALL 50 States. We have rate lock terms through 240 days with a float down option if pricing goes down. Very helpful if buying a new build and are concerned where rate pricing may be heading. Touch base with me for more details! Amy We also have a new pilot landing page on our website. Check it out! https://www.nbkc.com/pilots

Hello! Arizona is one of my top states for business and I am a VA loan expert. Let me know what I can do to help! Amy Stuhr Paterson NBKC Bank 913-253-0190 apaterson@nbkc.com

Please note I do a lot of non-VA business in the Seattle area if your son would like to interview more than one lender. Purchase prices are rather impressive there, and every dollar counts! I can be reached 913-253-0190 apaterson@nbkc.com Amy Stuhr Paterson NBKC Bank - We are the lender that started this mortgage thread.

2019 Conforming Loan Limits are now posted and it is a healthy increase. GNMA (VA) is expected to update their limits to match soon! Most areas are increasing from $453,100 to $484,350. High cost areas went from $679,650 to $726,525! This translates to higher non-jumbo loan amount thresholds for conventional borrowers (generally better rate pricing, smaller down payment requirements and kinder qualification parameters with a NON-jumbo/conforming loan) and potential higher limits for 100%/NO money down financing with VA once they follow suit! Here is a link with more details: https://www.fanniemae.com/singlefamily/loan-limits PM me to see how this may impact your financing!

I have been a mortgage loan officer for 17 years, and every single year we hear the sky is falling and rates are going up… I would not let Federal Reserve rate fluctuations impact when I purchase a home. If you find the right house, by all means go for it… If the rate wasn’t what you hoped for, keep tracking them and do a refinance in the future. Particularly VA has a very kind (low fees, no appraisal requirement, etc) streamlined refinance program if and when rates go back down. You can make yourself crazy trying to time the market with rates. Buy when the timing is right for you and you find your right forever home at the right price… Good luck!

Following up to Marty's post about using 1st year pay for pilot new hires. I can't stress enough how important it is to choose a lender, whether it is me with at NBKC Bank or someone on Marty's team, that understands how pilots are paid. I weekly get calls from customers who are frantically trying to get approved with other lenders who don't understand how to calculate their income....Typical issues with other lenders include: Yes, Pilots are full time even if they don't work 40 hours a week (that's one of my "favorites" and you would be surprised how many times this is an issue with underwriters who don't have a clue about how commercial pilots are paid)... Try explaining to a "newbie" underwriter how to calculate commercial pilot income when coming off full time active duty ANG or Reserve orders. That is probably the most common issue I see from pilots coming to me from other lenders. Yes, there are ways to justify using 1st year pay vice training pay and 2nd year pay when approaching the end of your 1st year hire date, but you need an underwriter and team that has the experience to smoothly calculate your income and eventual closing on your loan!

Kudos to Marty for taking good care of his customers and encouraging them to post here . NBKC Bank is still very much a player. We just don't post on this forum very often. Lots of business to go around and it sounds like both Marty's team and mine with NBKC Bank are working hard to make sure the pilots in our community have good financing options!

Sent you a PM with my direct contact info. A lot of different variables impact rate pricing so need some specifics from you. Please note my VA loans are offered with no points, no origination or broker fees, and also no junk fees like processing our underwriting. Look forward to hearing from you!

I sent you a PM to see if there's anything I can do to help. I suspect since you closed a few years ago, you are posing your questions directly to the servicer rather than the loan officer who originated the loan. Hopefully I can help you sort through this!

Let me know if there's anything we can do to help! I will send you a PM as well. Amy NBKC Bank

I do a lot of business in Nevada and can be of help. Let me know what I can do! I will send you a PM as well. Amy NBKC Bank

PM the particulars i.e. purchase price, state and down payment if any, and I'll work up a 15 yrVA quote for you. Thanks for keeping NBKC in mind!

Hello! Are you looking to convert your own construction loan to permanent VA financing or is your builder obtaining the construction loan? Custom homes aren't an issue as long as there are decent comparable sales that support the value. If it's too tricked out and overpriced for the area, you may run into an appraisal issue, but that isn't VA specific. That could be an issue with any type of financing.

Somehow a bigger down payment makes a buyer seem more financially sound. Makes sellers "feel" more comfortable. Bottom line if a buyer is qualified for 100% financing, it's the same cash to the seller at closing.... Some parts of the country don't use VA much and something new is "scary". This is where it helps to have true pros on your team to help educate the seller...

My buyers have run into that in some parts of the country like California. You need a really good realtor who will be your advocate and assure the selling side that you have a very strong file. Going VA really isn't harder than going Conventional now that all guidelines are more strict after the 2008 financial crisis. A few VA quirks like the requirement for a termite report depending on where you're buying, as well as the appraiser being less tolerant to things like peeling paint. It is a shame for you not to use your VA eligibility considering how much lower rates are and since you are exempt from paying the VA funding fee. Find a loan officer (like me!) who is very experienced with VA financing , and a realtor who will be your advocate, and it should work out for you. PS Typically I get on the phone with the selling side to assure them of the quality of the file and that I am a VA expert who will guide the file smoothly through the process. It always seems to help if the selling side talks to me. If there is anything else I can do to help let me know!

Thank you very much for your business! It was a pleasure. Consider me on standby for your next purchase!

Lots of variables affect rate pricing. Do you have a scenario I could price for you; purchase or refi, state where home is located, purchase price or appraised value, down payment if any or loan value if a refi, closing date if a purchase and under contract, used your VA eligibility previously, Funding Fee exempt? I look forward to your reply!

We do a lot of business in AZ! I've been with NBKC for over 16 years because of our commitment to customer service and great value. Let us know if we can be of any help!

Hello! We lend in all 50 states and do a lot of business in both New York and Massachusetts. Let me know if I can be of help! Amy NBKC Bank

Thanks so much for the shout out and for your business! I'll be sure Keith sees it! Our borrowers have found it helpful to work with a nationwide lender. We can help you with a purchase or refinance in all 50 states! Particularly helpful for our active duty borrowers. No matter where they have orders, we can help! Just call in, update your existing file and find your new home! Thanks again!

This can be a very costly option if you are required to pay the VA funding fee...When refinancing a non-VA loan to a VA loan, you are required to pay the full 0% down funding fee regardless of the amount of equity you have in the home. That is 2.15% of your loan value for a 1st time user and 3.3% for a subsequent user (2.4% and 3.3% for a reservist). Regular VA refinances (not VA streamlined IRRRLs) are full credit qualifying loans (VA appraisal required along with a termite report for homes in termite states, full credit qualifying documents like paystubs/LES, bank statements, etc.). Not that bad except the funding fee is a bitter pill to swallow if you are not exempt....Let me know if you have any other questions!

The appraisal is the biggest hurdle in my experience. If the home is in good shape, and there are no issues with the appraisal, that will help tremendously. You may need to be flexible on your timing. It can take the selling bank a while to approve the sale and if there are multiple lenders involved, that can take more time. The only other issue to be aware of is the clearance of the title work. Sometimes there are liens attached to homes that are in foreclosure...The listing agent representing the selling bank should be able to give some reassurance regarding the title search. If you are good to go with the appraisal and title clearance is a go, things should progress easily!