David Ross - NMLS 262463 - Cardinal Financial

David Ross - NMLS 262463 - Cardinal Financial Cardinal Financial Company, Limited Partnership NMLS ID 66247

David Ross and his team offer the professional assistance you need for all your mortgage endeavors. Purchase or refinance, first-time home buyer or long-time investor, the David Ross Team seeks clients for life. With vast experience and thousands of closed loans, David Ross offers a high level of professionalism and a wealth of knowledge in Residential Lending.

The myth I hear the most: "I probably don't qualify, so why bother asking."I've watched that assumption cost people a ho...
08/20/2026

The myth I hear the most: "I probably don't qualify, so why bother asking."

I've watched that assumption cost people a house they could have had. The only way to know your real number is to check.

Send me a message. Worst case, you learn where you stand. Best case, you're closer than you think.

Not every qualified homebuyer fits into a traditional mortgage box.If you've been told "no" by a bank, it doesn't necess...
08/08/2026

Not every qualified homebuyer fits into a traditional mortgage box.
If you've been told "no" by a bank, it doesn't necessarily mean you can't buy a home.
Non-QM (Non-Qualified Mortgage) loan programs are designed for borrowers whose income or financial situation doesn't fit conventional underwriting guidelines.
Some common examples include:
✅ Self-employed borrowers using bank statements instead of tax returns
✅ Real estate investors qualifying with DSCR (Debt Service Coverage Ratio) instead of personal income
✅ Asset depletion loans that qualify using your liquid assets
✅ Borrowers with recent credit events who have otherwise recovered financially
These are legitimate mortgage programs designed for borrowers with unique financial situations. They are not the risky loans that contributed to the 2008 housing crisis. Today's Non-QM loans require full documentation, ability-to-repay analysis, and responsible underwriting.
With more than 24 years in the mortgage industry, I've helped borrowers who thought homeownership or refinancing was out of reach because they didn't fit the traditional lending model.
The right loan isn't always the conventional loan. It's the loan that best fits your financial profile.
Have questions about whether a Non-QM loan might be right for you?
Send me a message. I'm happy to review your scenario.

The biggest delays in getting approved usually aren't the lender. They're missing documents.Before you apply, have these...
08/06/2026

The biggest delays in getting approved usually aren't the lender. They're missing documents.
Before you apply, have these items ready:
✅ Last 30 days of pay stubs
✅ Last 2 years of W-2s (if you're a W-2 employee)
✅ Most recent 2 months of bank statements (include every page, even blank ones)
✅ A valid government-issued photo ID
✅ If you're self-employed or have variable income, your last 2 years of personal and business tax returns
Having these documents organized upfront helps us verify your income, assets, and eligibility quickly, which means fewer delays and a smoother loan process.
I've been helping buyers navigate the mortgage process for more than 24 years, and one thing hasn't changed: preparation leads to faster approvals.
Whether you're buying your first home, moving up, or investing, we'll walk you through exactly what you need and compare loan options that fit your goals.
📲 Send me a message today to find out how much you qualify for and get started.

I hear this question all the time:"Should I go with an FHA or a Conventional loan?" 🏡It's a great question. After more t...
08/05/2026

I hear this question all the time:
"Should I go with an FHA or a Conventional loan?" 🏡
It's a great question. After more than 24 years in the mortgage industry, I've learned there is no one-size-fits-all answer.
Many people assume conventional loans require a huge down payment, but that's not true. In fact, you can qualify for a conventional loan with as little as 3% down, compared to 3.5% down for FHA.
The biggest factor is usually your credit score.
Generally speaking:
✅ Around 680+: Conventional is often the better option.
✅ Below 680: FHA frequently provides the better financing solution.
The reason? Mortgage insurance.
With FHA, the monthly mortgage insurance is essentially one-size-fits-all. It isn't based on your credit score, so borrowers with excellent credit pay the same mortgage insurance rate as borrowers with lower scores.
With Conventional, mortgage insurance is risk-based. The better your FICO score, the lower your monthly mortgage insurance is likely to be. That means two borrowers with different credit scores can have very different monthly payments, even if they're buying the same home.
On top of that, conventional mortgage insurance can generally be removed once you have enough equity in your home. With FHA, if you put less than 10% down, the monthly mortgage insurance typically remains for the life of the loan.
That's why we don't guess. We compare both loan options side by side to determine which one saves you the most money based on your credit score, down payment, and long-term goals.
Every borrower is different, and the best loan is the one that puts the most money back in your pocket.
If you're wondering whether FHA or Conventional is the better fit for you, send me a message. I'm happy to run both scenarios for you.

Entering the real estate market requires a clear view of your financial foundation.When we review your credit report, we...
08/04/2026

Entering the real estate market requires a clear view of your financial foundation.

When we review your credit report, we look at your payment history, total outstanding debt, and credit utilization ratio. Lenders use this data to assess the risk of lending money and to determine your ability to repay a new mortgage loan.

Many buyers worry about how credit checks affect their profile. It helps to know the difference between a hard and soft credit pull before you begin the mortgage process.

A soft pull occurs when a lender does a preliminary check for pre-qualification. This has absolutely no impact on a credit score (0 points) and is only visible to you, not to other lenders.

A hard pull happens when you formally apply for new credit, such as a mortgage. This typically lowers a FICO credit score by less than 5 points and remains visible on a credit report for exactly 24 months.

Understanding these details empowers you to make confident real estate decisions. Connect with our team at David Ross Loans to review your borrowing capacity and explore your tailored financing options.

One of the most common questions borrowers ask is, “Should I lock my interest rate now or wait to see if rates improve?”...
08/03/2026

One of the most common questions borrowers ask is, “Should I lock my interest rate now or wait to see if rates improve?”

The honest answer is that no one knows exactly what mortgage rates will do next.

How Long Does a Rate Lock Last?

A standard rate lock is generally 30 days. The goal is to lock for enough time to complete the loan and close before the lock expires. Locking too early could require an extension, while waiting too long leaves you exposed to changing market conditions.

Should You Wait for a Better Rate?

We generally do not advise clients to play the market unless there is a specific trend suggesting rates may improve.

Without that type of trend, waiting is essentially a coin toss. Rates could improve slightly, giving you a somewhat better rate or lower cost. However, they could just as easily get worse.

In my experience, clients are usually much more disappointed when rates increase than they are excited by the small improvement they might gain by waiting. If the current rate, payment and closing costs work for you, locking provides certainty and removes unnecessary risk.

Remember: Rate and Cost Go Together

The lowest rate is not always the best financial choice. Lower rates may require additional upfront costs, while slightly higher rates may cost less or provide a lender credit.

The right option depends on the combination of interest rate, monthly payment, closing costs and how long you expect to keep the loan.

The Bottom Line
The best time to lock is generally when:

The rate, payment and closing costs fit your goals.
The lock period safely covers your closing date.
You would be uncomfortable if rates increased.
There is no clear reason to believe pricing will improve.

Trying to capture the absolute bottom of the market is extremely difficult. My job is to explain the available options, monitor market conditions and help you make an informed decision—not a gamble.

Contact me if you would like a personalized review of your interest-rate and closing-cost options.

The Federal Reserve recently held target rates steady at 3.50% to 3.75%. For the over 21,000 veterans living in Henderso...
08/01/2026

The Federal Reserve recently held target rates steady at 3.50% to 3.75%. For the over 21,000 veterans living in Henderson, this signals a need for strategic mortgage planning.

With Fed leadership indicating that rates may remain steady until inflation normalizes, understanding your financing options is critical. As of July 22, the average 30-year fixed VA purchase loan rate sits at 5.875%. While national economic shifts dictate these averages, your personal borrowing capacity depends on how we structure your loan.

Veterans make up 7.5% of the Henderson population. VA loans remain one of the most powerful tools for these local military families to build long-term wealth. This specific program allows eligible borrowers to purchase a primary residence with zero down payment, offering a distinct advantage in the current economic climate.

Navigating these forecasts requires more than a generic quote. Our team brings over 24 years of experience to the Las Vegas and Henderson markets. We analyze how current Fed policies impact your specific homeownership goals to ensure you are positioned for success.

Let us explore your options and review your borrowing capacity today. Connect with our team to discuss your next strategic move in real estate.

Stop getting surprised at the closing table.Closing costs typically range from 2% to 5% of your total loan amount. The n...
07/31/2026

Stop getting surprised at the closing table.

Closing costs typically range from 2% to 5% of your total loan amount. The national average is $4,661.

What are you actually paying for? Your estimate covers specific services required to fund your loan. These include the Appraisal, Credit check, Title search and insurance, Attorney fees, Origination fee, Application fee, Underwriting fee, and Transfer taxes.

We break these numbers down line by line before you ever sit down to sign. With more than 24 years of experience, we make sure you know exactly where your money goes.

Contact us today to get personalized loan options and clear answers.

Turn your monthly rent into real home equity. 📈 Cardinal Financial is here to guide you through USDA loan options so you...
07/30/2026

Turn your monthly rent into real home equity. 📈 Cardinal Financial is here to guide you through USDA loan options so you can step into homeownership with confidence!

Take the guesswork out of buying your first home! 🔑 David Ross and the team at Cardinal Financial are here to streamline...
07/22/2026

Take the guesswork out of buying your first home! 🔑 David Ross and the team at Cardinal Financial are here to streamline your mortgage approval from start to finish. Reach out today to start your journey!

Address

901 N Green Valley Pkwy, Suite 190
Henderson, NV
89074

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 7am - 6pm
Sunday 7am - 6pm

Telephone

+17024838122

Website

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