Jim Randolph the Community Pro at Cattell Inc

Jim Randolph the Community Pro at Cattell Inc Residential Mortgage Lending, Purchases, Refinancing, Cash Out Refinances, Investment Properties. Truth & Transparency.

Residential Home Mortgage Team helping guide you into the right product & program specifically designed for your needs. We are a local mortgage bank with everything in house from underwriting to closing. We have a team devoted to every loan we work!

02/21/2026

Stand up parents!! Inexcusable

02/21/2026

Ya don’t get to poke the bear until it bites and then complain about getting bit🤣

02/17/2026

Very true!

02/17/2026

This right here❤️❤️❤️

02/15/2026

We need to make this happen.

02/15/2026

Truth!!

02/13/2026

Agreed!!

🏡 Exciting News! 🏡 Hey friends! I’m Jim, your go-to home loan expert with Cattell Inc. Whether you're a first-time buye...
11/18/2025

🏡 Exciting News! 🏡
Hey friends! I’m Jim, your go-to home loan expert with Cattell Inc. Whether you're a first-time buyer, upgrading your space, or just exploring your options—I’m here to guide you every step of the way.

🔑 I specialize in all types of home buying loans and love helping people turn the dream of homeownership into a reality.

📋 NMLS #249880
🏢 Cattell Inc. | NMLS #1596186

Let’s make your homeownership journey smooth, stress-free, and even a little fun. Message me today and let’s get started!

06/26/2024

Today's borrowers often wish to retain their existing homes when purchasing a new primary residence. Many questions arise about utilizing rental income from the previous home to qualify for the new mortgage. To clarify the guidelines, we've compiled the pertinent information below.
FHA
Must be relocating 100 Miles from departure home.
Appraisal evidencing market rent and that borrower has 25% equity. Does not need to be done by FHA appraiser.
Executed Lease agreement of at least one year’s duration after loan close.
Proof of receipt of security deposit or First Month’s Rent.
Mortgagee must deduct the PITI from the lesser of:
the monthly operating income reported on Fannie Mae Form 216/Freddie Mac Form 998; or
75 percent of the lesser of:
fair market rent reported by the Appraiser; or
the rent reflected in the lease or other rental agreement.
Conventional
Executed long term Lease which must start prior to first Payment due date.
Form 72/1007 supporting lease or 2 months receipt of rental income (or security deposit + 1st month)
75 % of lesser of lease or market rent will be used to offset PITIA of departure home. Income above PITIA can only be used if borrower has documented 1 year history of Investment Property Management. If no prior history, it is limited to zero positive cashflow.
VA
Must provide either a fully executed lease agreement or CMA (Comparative Market Analysis) completed by a real estate agent.
Must use 75% of the lease agreement amount or 75% reported on the CMA.
Can only be used to offset PITIA

NOTE: These are general guidelines considered in the broader context of a fully underwritten file.

Please reach out to me by phone, text, email, or IM to see if one of these options would work for you.

Address

350 Pine Street, Suite 220
Beaumont, TX
77701

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