Conventional & Portfolio loans for 1-4 unit residential + condo

[Upen Patel]

Stop your search for residential financing. You have reached your destination.

I am a Mortgage Banker with The Federal Savings Bank. TFSB is a veteran owned bank focused on mortgages in ALL 50 states. We offer attractive rates, coupled with reliable/predicable service. We underwrite and fund loans in house.

• National Lender, ALL 50 states
• Direct Lender - Fannie Mae, Freddie Mac, FHA/Streamline Refi, VA/IRRRL, USDA
  • Investor friendly
  • No overlays
  • Can do up to 10 financed properties per individual
  • Rental income credit with lease (no seasoning)
  • 6 month seasoning on cash-out refi
  • No seasoning for rate-term refi (refi away for HML or Private money)
  • Delayed financing
  • 1-4 units, all treated the same
  • Use all sources of income: W-2, 1099, K-1, Sch C, Sch E (rental income), S corp, C Corp, self employeed, etc.
  • 1 yr tax return loan programs
  • W-2 loan programs
  • Can use future income for VA loans (within 30-60 days of start of new job)
  • Texas Section 50(a)(6) compliant mortgages – TX home owners and investors can do cash-out
• Pre-underwriting - Fully approved loan - submit offer with no financing contingency
• Jumbo & Super Jumbo
  • 80/10/10 up to $1.3M
  • 85% up to $3M no MI
  • 80% up to $5M
  • Loans up to $10M, higher with exception
• Portfolio loans
  • Residential portfolio loans for investors who want the peace of a 30 yr fixed loan, but have used up the conventional loans. Can do title in LLC/S-Corp
  • Loans for individuals with derogatory credit - bankruptcy, short sale, foreclosure, deed in lieu
  • 24 month bank statement loan
  • Asset depletion loan
  • Asset backed loan
  • DSCR loan
• Condo/Co-op loans, including non-warrantable Condo & condo-tel - We have a dedicated condo/co-op department that I run every deal through beforehand. No surprises.
• Construction/Rehab loans
  • Construction loans for Owner Occupied property, investors and Spec build for established builders
  • FHA 203(k) Rehab loan - Owner occupied 1-4 unit
  • Fannie Mae HomeStyle Renovation loan
    • Owner occupied 1-4 unit
    • 2nd home/Investment 1-unit
• Foreign National loans

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Upen Patel

Mortgage Banker, National Lender

web: www.thefederalsavingsbank.com/upenpatel

app: https://www.thefederalsavingsbank.com/Application/...

The Federal Savings Bank

cell: (571) 331-5161

email: [email protected]

Federal NMLS# 1374243

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Financing Options Available in ALL 50 States - Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan (MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA), Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY)

New York, Newark, Jersey City, Los Angeles, Long Beach, Anaheim, Riverside, San Bernardino, Honolulu, Ontario, Chicago, Naperville, Washington, Baltimore, Arlington, Vienna, Fairfax, McLean, Falls Church, Bethesda, Silver Spring, Prince William County, Prince Georges County, San Jose, San Francisco, Oakland, Boston, Worcester, Providence, Philadelphia, Dallas, Fort Worth, Miami, Fort Lauderdale, Port St. Lucie, Houston, Atlanta, Athens, Clarke County, Phoenix, Mesa, Scottsdale, Minneapolis, St. Paul, Seattle, Tacoma, Denver, Aurora, San Diego, Carlsbad, San Ramone, Portland, Vancouver, Salem, Orlando, Daytona Beach, St. Louis, St. Charles Farmington, Tampa-St., Petersburg-Clearwater, Columbia, Towson, Sacramento, Roseville, Charlotte, Concord