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All Forum Posts by: Colby Dorris

Colby Dorris has started 0 posts and replied 15 times.

Post: Memphis Full Service Turnkey Company Reviews/Advice on this Approach

Colby Dorris
Posted
  • Lender
  • Memphis, TN
  • Posts 16
  • Votes 10

@Taz Zettergren and his team at REI Nation are some of the best in the business! They're based in Memphis and offer other markets as well.

Post: Incentives on closing cost

Colby Dorris
Posted
  • Lender
  • Memphis, TN
  • Posts 16
  • Votes 10

Hey Pradeep! I'm local to Memphis and might have what you're looking for. Feel free to reach out and we can discuss. 

Post: Conventional lending with foreign earned income

Colby Dorris
Posted
  • Lender
  • Memphis, TN
  • Posts 16
  • Votes 10

Hey Mat! As long as you report this foreign income on your US Tax Return, then you can use that income to qualify for a conventional mortgage. 

Post: Finding a lender as a travel healthcare worker

Colby Dorris
Posted
  • Lender
  • Memphis, TN
  • Posts 16
  • Votes 10

Hi Allyson! As long as you have at least two years of stable or increasing income as a traveling radiation therapist, then we can use that income with a conventional loan. It can cause some extra documentation needs, but as long as your income has been stable or increasing over the last two years then we should be able to make the argument to make it happen. 

Post: Indiana Beginner Rental Rules

Colby Dorris
Posted
  • Lender
  • Memphis, TN
  • Posts 16
  • Votes 10

As a lender who specializes in conventional investment loans, that is not a rule we follow. In most circumstances, once a tenant is placed in the property, we can begin giving you credit for the income.