Submitted By Patrick Davidson
Despite what you may have heard, home loans are available…and interest rates are better than ever!
Alan and Paula were desperate. The lenders that their real estate agent had them speak with were unable to make a final commitment that they would fund the loan that Alan and Paula needed to close on the purchase of their new home. You see, Alan and Paula’s credit scores had been significantly reduced a couple of years earlier when a personal tragedy had resulted in them falling behind on their rent and other payments. Even though Alan & Paula had long since caught up on their obligations, a judgment in the favor of a past landlord was still in place and their credit scores still reflected that long-ago painful chapter in their lives.
Another real estate agent suggested that Alan & Paula call Patrick Davidson with Guild Mortgage Company. Patrick spoke Alan & Paula immediately, ascertained their income and available assets, received their permission to review their credit report and did an initial analysis of their ability to repay a new home loan. From the information provided by Alan & Paula, Patrick was able to determine that by addressing that old judgment and explaining the circumstances, Guild Mortgage would be able to provide Alan & Paula with a home purchase loan. Because it was most convenient for them, Patrick met with Alan & Paula at a local bookstore on a Saturday to get the process started.
Just under one month later, Alan & Paula moved into the new home that two other lenders told them that they would not soon be able to obtain. Alan & Paula were able to do this because Patrick Davidson and Guild Mortgage Company were willing and able to go just a little farther than others had been.
Patrick Davidson and Guild Mortgage were able to do a home loan for Alan & Paula even with their checkered credit history, with their relatively low credit scores and with their high debt-to-income ratios because Patrick and Guild believed in Alan & Paula and wanted to help them realize their home-ownership dream.
At Guild Mortgage, we are able to help borrowers with credit scores that other lenders say are too low. We are able to recognize potential problems and get to work resolving them. We offer both conventional and government insured loan financing. And, because Guild Mortgage is a direct lender for FannieMae, FreddieMac and GinnieMae, we can get loans done that other lenders cannot.
For over 50 years, Guild Mortgage Company has been helping people realize their home-ownership dreams. Guild Mortgage offers competitive interest rates and loan costs, superior customer service and committed, local underwriting. Whether you’re trying to purchase your first home, downsizing into the last home you’ll ever have, or diversifying your investment portfolio, we provide the expertise and ability to help get you there.
Patrick Davidson has been matching Washington homebuyers and borrowers with the loan program that best meets their needs and circumstances for over 16 years. You or someone you know could immediately benefit by working with Patrick and Guild Mortgage Company. He can be reached at pdavidson@guildmortgage.net or directly at 561.0339. Give him a call to get started today!
