J & L Processing

J & L Processing NMLS 1747388
https://www.nmlsconsumeraccess.org/ https://nationwidelicensingsystem.org/about/Pages/NMLSConsumerAccess.aspx

01/13/2025

🍾 We hope you can join us along with J & L Processing as we kick off 2025 and the celebration of Mardi Gras Season with King Cake and Mimosas! 🍾

Here is a little Thanksgiving cheat sheet for you guys.Also, remember if you need any mortgage advice, or want to get pr...
10/22/2024

Here is a little Thanksgiving cheat sheet for you guys.
Also, remember if you need any mortgage advice, or want to get preapproved to buy a home I am a phone call away
318-332-4409
jlmtgs.com
NMLS 1322733

So, at least once a week I feel like I am pulling credit for people and running what is called desk top underwriting to ...
10/03/2024

So, at least once a week I feel like I am pulling credit for people and running what is called desk top underwriting to see if people can be approved for an FHA loan to buy a home.
Many times these come up as what we call a manual underwrite loan. And just because you are a manual underwrite doesn't necessarily mean you cannot buy a home using FHA financing.
(This post is only in reference to FHA manual underwriting not USDA or VA which have their own set of factors that I can discuss another day if you like)
Here is the deal if you have any of the following you do not qualify for manual underwriting and this is why we have to tell people they have to wait for certain things to age off of their credit
1. You cannot have any late rent payments in the last 12 months automatic denial
2. You cannot have had any late payments to housing or installment loans in the most recent 12 months. AND no more than 2 over 30 day lates in the most recent 24 months
3. No more than 2 over 60 day lates on revolving debt in the most recent 12 months and NO over 90 day lates on revolving debt in the most recent 12 months.
Remember this applies to manual underwriting. If you get an approval then this doesn't apply.
Please let me know if you have any questions or have been turned down by another lender.
318-332-4409
jlmtgs.com
NMLS 1322733

There are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position w...
09/11/2024

There are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position when you get to the closing table.

Don’t change bank accounts, apply for new credit, make any large purchases or transfers, and don’t co-sign loans for anyone.

Here’s a good rule of thumb. Always connect with me before making any financial decisions once you’ve started the mortgage process.

Let me know if you have any questions about the home buying process.

318-332-4409
NMLS 1322733

Need a Co-Signor to Buy a Home? Just like any other type of loan, you can add a co-signor when buying a home. The key i...
09/04/2024

Need a Co-Signor to Buy a Home? Just like any other type of loan, you can add a co-signor when buying a home. The key is to work with someone who understands what type of co-signor is permitted depending on the home you would like to purchase. If you are ready to own a home, but need a co-signor, let’s chat and make a plan.
318-332-4409
NMLS 1322733

Did you know you can get a gift for closing costs and/or down payment.I have attached the criteria for FHAConventional r...
09/02/2024

Did you know you can get a gift for closing costs and/or down payment.
I have attached the criteria for FHA
Conventional requires the gift to be from a relative, or a non relative that familial relationship with the borrower
VA and USDA allow gifts from anyone who isn't an interested party to the transaction (ie realtor, lender, etc)
Maybe you have been saving money for down payment, but don't have enough for closing costs.
Then think about a gift.
Let me know if you have any questions
jlmtgs.com
318-332-4409
NMLS 1322733

VA Minimum Property Standards Guide – Is that Listing Ready for a VA Buyer?318-332-4409NMLS 1322733
09/01/2024

VA Minimum Property Standards Guide – Is that Listing Ready for a VA Buyer?
318-332-4409
NMLS 1322733

08/29/2024

Today I want to tell you guys I am so grateful and thankful to each and every person on social media that has supported me, shared my stuff, sent me referrals, or just saw my posts and called me themselves to get started on their home buying journey. It makes me all tingly inside. You guys better watch it or I am going to turn into one of those happy people. 🤣🥰

I get asked about these types of credit scenarios quite often as well.These are the wait periods for different credit ev...
08/29/2024

I get asked about these types of credit scenarios quite often as well.
These are the wait periods for different credit events for each of the major loan programs.
If you have questions let me know.
318-332-4409
jlmtgs.com
NMLS 1322733

When you remember it is closing dayX2Thank you Shayne KellyTracie JacksonGabbie LemoineCory ChandlerAnd of course my bor...
08/26/2024

When you remember it is closing dayX2
Thank you
Shayne Kelly
Tracie Jackson
Gabbie Lemoine
Cory Chandler
And of course my borrowers who I will let tag themselves here in case they were wanting to make their own announcement
Teamwork makes the dream work

Address

2234 Windsor Court
Bossier City, LA
71111

Website

Alerts

Be the first to know and let us send you an email when J & L Processing posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category