San Diego, CA (PRWEB) October 16, 2013
Blue Loan Services is a full service mortgage company that has been helping residents of California to find the best loan products and home loan rates for many years. The company, headed by the father and son team Robert and Brandon Blue, has been dedicated to serving its customers with honesty, integrity and competence. The Blue Loan Services team of mortgage professionals operates with the goal to provide home loans to its clients while providing them with the lowest interest rates and closing costs possible. Recently, Blue Loan Services has added many top FHA and VA lenders to provide more options for their clients and improve their services.
The company has always strived to provide their clients with the very best interest rates, loan products and lenders. The addition of new lenders to the Blue Loan Services team’s roster that specialize in FHA and VA loan products ensures that they continue to offer the very best when it comes loan options. Both FHA and VA loan products offer many potential advantages over conventional loans for those who qualify for them, and Blue Loan Services has been helping California clients to get approved for such loans quickly and efficiently for many years. The loan company’s website explains some of these advantages. When it comes to FHA loans, the website states:
“The main advantage of FHA home loans is that the credit qualifying criteria for a borrower are not as strict as conventional financing. FHA will allow the borrower who has had a few “credit problems” or those without a credit history to buy a home. FHA will require a reasonable explanation of these derogatory items, but will approach a person’s credit history with common sense credit underwriting. Most notably, borrowers with extenuating circumstances surrounding bankruptcy that was discharged 2 years ago can work around the credit hurdles they created in their past. Conventional financing, on the other hand, relies heavily upon credit scoring. Credit scoring is a rating given by a credit bureau (such as Experian, Trans-Union, or Equifax) that ranks you upon your credit profile. For each inquiry, credit derogatory or public record that shows up in your credit report, your score is lowered (even if such items are in error). If your score is below the minimum standard, you will not qualify–end of story.”
VA loans are explained, as well: “The VA Loan began in 1944 through the original Servicemen’s Readjustment Act, also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. This feature was designed to provide housing and assistance for veterans and their families, and the dream of home ownership became a reality for millions of veterans. VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home, which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fails to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms.”
While these types of loans obviously can provide many benefits, applying for them and proving qualification can often be tricky. Blue Loan Services experience with these specialty loans, as well as their connections to the best VA and FHA lenders, can help clients to get approved and start realizing the benefits of their home loans as soon as possible.
For more information on how Blue Loan Services can help home loan borrowers get approved for their home purchase loan or refinance quickly, please visit BlueLoanServices.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.
CA Dept of Real Estate -- Licensed Broker #01094374 NMLS #938365