Oval Mortgage
320 N. Salem St., Suite 300, Apex, NC 27502
https://ovalmortgage.com/
Internal Reviews
(1 review)
Total loans closed with Loan Factory
0
Total loans closed with Loan Factory (past 12 months)
0
Lender overview
Basic information
VA
VA IRRRL
OVAL Mortgage ISAOA/ATIMA 320 N SALEM ST, STE 300, APEX, NC 27502
N/A
Lock policies & Fees
Lock Policies
.02% (2bps) per day
N/A
No
Lender's niche & Overlays
- Quick 24-48hr turn-times
- Gets your veterans in their homes quicker
- 580 minimum credit score
- No score allowed as well!
- Manual underwrites
- Max of 55% DTI, depending on credit scores
- No pricing hits for a manual UW
- Saves your veterans additional costs, just because they don’t have perfect credit
- Common sense underwriting, using the flexibilities that VA allows
- TBD underwrites – manual UW or AUS approval, with the same quick UW times
- For borrowers that may be in unique situations, have variable sources of income, or have had some credit challenges in the past, find out if they can get approved BEFORE they fall in love with a home, get under contract, pay for an inspection, pay for an appraisal, only to then be told they don’t qualify
- All of our UW’s have been through some of the toughest VA training and are actively working with you to approve your loans
- No DTI limit with AUS approval
- All VA Joint Loans are eligible
- Temporary buydowns now available!
- Veterans that are rated 100% disabled and are purchasing in a state that allows full property tax exemption, we can allow that exemption through closing
- Helps keep closing costs lower by not collecting tax escrows
- May help a borrower qualify for more by not having to count property taxes in their DTI
- Soft credit pull allowed for IRRRL’s, as well as no AVM’s required
- No hit to their credit
- No cost for an appraisal or AVM
- Only a verbal verification of employment is required
- ME!! – 19yrs as an originator, with 80% of my volume being VA loans
- I’m capable and proficient with helping you and your team put loans together
- Readily available to talk through scenarios
- I know what it’s like to be in your shoes, so when I give you an answer, I’m verifying that the answer I give you is correct.
Lender turn time
2
2
1
Review - Oval Mortgage
5.0
1 Google Reviews
Stars
Sort by
We use cookies to ensure the most optimal browsing experience on our website. By visiting our site, you are agreeing to the use of these cookies.