The Lowdown on Manual VA Underwrites
Manual VA Underwrites:
Have you ever been told “no” by another lender or “we can’t help you”? We are glad you found us, because we have helped many people that were told those same things. Brokers For Vets is partnered with many lenders that have flexible terms for VA loans for the entire state of Colorado.
One of our perks is to manually underwrite your loan. A manual underwrite means that we have a real underwriter analyzing your loan scenario versus an automated underwriting system. A manual underwrite will provide you with more certainty if you can qualify for a mortgage.
Many of those lenders that have told you “no” before also have these options available and choose to look the other way. Technically, the VA does not have a minimum credit score or maximum debt-to-income ratio (DTI). If you were denied or disapproved by another lender in the state of Colorado (Denver, Colorado Springs, Grand Junction, etc.), please contact us immediately!
Additionally, we can help borrowers increase their credit scores by running credit stimulators and credit updates that can quickly increase your score. There is no cost to you!
Do I Qualify?
As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.
- Fixed Rates
- Conforming Loans
- Jumbo & Super Jumbo Loans
- FHA, VA, & USDA Loans
- Terms from 5 to 30 Years