Parkside Lending launches VA program

by Ryan Smith01 May 2017
Parkside Lending has announced that it’s now offering VA home loan programs.

“We’re excited that we can now partner with mortgage professionals to help eligible servicemen and women, veterans and their families become homeowners with a VA home loan from Parkside Lending,” CEO Matt Ostrander said. “Our program takes a common-sense approach to underwriting, whereby we review each veteran’s individual situation while making sensible loans.”

Parkside’s team has more than 40 years of combined experience in VA loans. The program is headed by Linda Jacopetti, Parkside’s head of underwriting and government operations. Marcy Neves, Parkside’s government underwriting manager, heads up the VA underwriting team. Neves is the most tenured underwriter in the VA system, according to a Parkside news release.

Highlights of Parkside’s VA home loan program include:
  • Cash out up to $200,000
  • A maximum loan amount of $1.5 million
  • A minimum FICO score of 620 (700 for loans over $1 million
  • No DTI cap (subject to VA requirements, compensating factors apply
Interest-rate reduction refinance loan (IRRRL) program:
  • No AVM or appraisals on owner-occupied primary residence transactions
  • Pay off existing VA loan plus closing costs and funding fees

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