Introduction - National Lender

[Upen Patel]

Been around for while. Figured I should introduce myself.

I am a Mortgage Banker with The Federal Savings Bank. As a National Lender I can originate loans in ALL 50 states. 

* We are investor friendly
* Fannie/Freddie direct lender with No/min overlays
* Can do up to 10 conventional loans per individual
* 610 min FICO for VA loans
* 620 min FICO for FHA loans
* 640 min FICO for USDA loans
* Rental income credit with lease (no need to wait for a tax return)
* 6 month seasoning to do cash-out refi
* 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.

* Jumbo & Super Jumbo – 80/10/10 up to $1.3M, 85% up to $1.5M no MI, 80% up to $3M

* Portfolio loans - Min $400 K - Near miss, When the deal makes sense, but the loan can't be done because a box can't be checked.

* Can do loans for individuals with derogatory credit - bankruptcy, short sale, foreclosure, deed in lieu.
* Portfolio loans - 24 month bank statement loan, Asset depletion loan
* Non-warrantable Condo/Co-Op - We have a dedicated condo department that I run every deal through before hand. No surprises.
* Loans for self-employed/business owners/1099/K-1
* Construction loans for Owner Occupied property and Spec build for established builders.
* Rehab loans to cover purchase and rehab for Owner Occupied property.

The Federal Savings Bank is a Veteran owned bank focused on Mortgages. We offer attractive rates, coupled with reliable/predicable service.

We underwrite loans in house and fund them ourselves. No dependency on a 3rd party.

Look forward to working with the BP community.

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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

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Upen Patel, Mortgage Banker

The Federal Savings Bank | 1604 Spring Hill Road, #330, Vienna, VA 22182

cell: (571) 331-5161

email: [email protected]

web: www.thefederalsavingsbank.com/upenpatel

Federal NMLS# 1374243

Not all borrowers qualify for all programs, must meet underwriting guidelines and are subject to credit review and approval. This does not constitute a commitment to lend. The information contained is subject to change without notice.