Jessie McCollum - Licensed Mortgage Loan Officer

10/21/2026

🍂🏡 **YOUR DREAM HOME DOESN’T HAVE TO WAIT!** 🏡🍂

Think buying a home is something you need to put off until spring? Think again! 🍁

Fall can be a wonderful time to start your homebuying journey, and the best first step is understanding your options.

✅ Get pre-approved and know your budget
✅ Explore loan programs that may fit your needs
✅ Understand how much you may need for a down payment
✅ Make a plan that puts you one step closer to homeownership!

Whether you're hoping to buy before the holidays or preparing for 2027, **I'm here to help you take the next step with confidence!** ❤️

📲 Let's talk about your homeownership goals!

**Jessie McCollum | Licensed Mortgage Loan Officer**
📞 804-895-4756
📧 [email protected]
🌐 www.dcmloan.com
NMLS #1644591

*Your homeownership journey starts with a conversation!*

10/02/2026

✨Congratulations✨ to my clients for closing on this beautiful home AND simultaneously selling their old one on the SAME DAY this week. 🏠

09/29/2026

Happy Closing day to my clients purchasing a beautiful new construction condo in Stanley Martin's Quartz District of Woodbridge, VA!

09/24/2026

🏡 THE APPRAISAL IS GETTING A MAKEOVER! 📋✨

If you're buying or refinancing a home, you may soon notice something different about the appraisal process.

Starting November 2, 2026, a major update called UAD 3.6 will become mandatory for new appraisal reports submitted to Fannie Mae and Freddie Mac. The traditional appraisal forms we're used to seeing—like the 1004—are being replaced by a new, more dynamic Uniform Residential Appraisal Report (URAR).

🔎 So, what's changing?

➡️ The old appraisal form numbers are going away
➡️ The new report will be more data-driven and dynamic
➡️ More detailed property information can be captured
➡️ Condition and quality information is being refined
➡️ The new system is designed to work across different property and inspection types

💡 What does this mean for homebuyers?

The appraisal is still an important part of the mortgage process, but the way the information is collected and presented is changing.

As a mortgage loan officer, I'll be keeping up with these changes so I can help my buyers and homeowners understand what they mean for their transaction. 🏠🔑

Have questions about the new appraisal process?
Drop a 🏡 in the comments or reach out to me!

Jessie McCollum | Mortgage Loan Officer
📞 804-895-4756
📧 [email protected]
🌐 www.dcmloan.com
NMLS #1644591

Guidelines and implementation requirements are subject to change. UAD 3.6 applies to appraisal reports submitted through the Fannie Mae/Freddie Mac process.

09/17/2026

🏠📈 The Fed Met Yesterday — Here’s What Homebuyers Need to Know

The Federal Reserve made a ¼-point rate increase at yesterday’s meeting, bringing the federal funds target range to 3.75%–4.00%.

So, what does that mean for mortgage rates?

👉 The Fed does NOT directly set mortgage rates. Mortgage rates are influenced more heavily by the bond market, inflation expectations, economic data, and investor demand.

That means a Fed rate decision doesn’t automatically mean mortgage rates will go up or down. In fact, mortgage rates can move before, during, or after a Fed meeting based on what the market expects.

🏡 The takeaway for buyers: Don’t let headlines about the Fed stop you from exploring your options. Your individual mortgage rate depends on several factors, including your loan program, credit profile, down payment, and market conditions.

If you’re thinking about buying, refinancing, or simply want to know what today’s market means for your specific situation, I’m happy to help!

📲 Jessie McCollum | Licenced Mortgage Loan Officer
☎️ 804-895-4756
📧 [email protected]
🌐 www.dcmloan.com
NMLS #1644591

Dominion Capital Mortgage are experts in dealing with new home buyers, refinance, investment properties, and mortgage loans of all types.

09/08/2026

08/27/2026

🛑✋🚨STOP!🚨✋🛑

Don't make these 5 mistakes before closing:

❌ Don’t open new credit cards: Not only will this impact your credit score, it will also mess up your debt to income ratio that your pre-approval was originally based on.

❌ Don’t finance a new car: Unless you're planning on living in it. (see above).

❌ Don’t make large unexplained deposits: A large deposit is typically defined as any single deposit that is over 50% of your total monthly qualifying income, OR any single deposit exceeding 1% of the subject property's purchase price or adjusted value. The definition varies depending on loan type and lender overlays. All large deposits must be sourced to ensure that it is not an additional loan not already accounted for and verify the source of the funds being deposited.

❌ Don’t change jobs without talking to your lender: This could change the amount you qualify or jeopardize your loan altogether. Especially if you are going to be paid a different way (hourly vs. salary or 1099 vs. W2) or a different amount than you were originally, or a different field altogether.

❌ Don’t make big purchases before closing: Even if you are using a loan program where a down payment is not required, it is best to consult your loan officer prior to any purchases out of the ordinary to confirm that any applicable reserve requirements are still met.

Looking for guidance for your next 🏠? I'm happy to help! Contact info below:

Jessie McCollum
Licensed Mortgage Loan Officer, Dominion Capital Mortgage Inc.
NMLS ID # 1644591
📱804-895-4756
📩 [email protected]

*Dominion Capital Mortgage is an equal housing lender.*

08/20/2026

✨Product Highlight: Bank Statement Loans ✨

If you’re self-employed, a business owner, or have income that doesn’t fit neatly into traditional W-2 documentation, a bank statement mortgage may be an option worth exploring.

Bank statement programs can allow qualified borrowers to document income using personal and/or business bank statements rather than traditional tax-return income documentation.

While requirements vary by lender and loan program, borrowers may commonly see guidelines such as:

💰 Down Payment: Programs may be available with down payments starting around 10%–20%, depending on the borrower, property, loan amount, and program.

📄 Bank Statements: Lenders may typically request 12–24 months of consecutive bank statements to evaluate cash flow and determine qualifying income.

🏦 Personal vs. Business Accounts: Some programs allow personal statements, while others may allow business bank statements. When using business accounts, the lender may apply an expense factor to determine the portion of deposits considered available income.

💼 Self-Employment: Many programs are designed for self-employed borrowers, including business owners, independent contractors, and other borrowers with non-traditional income documentation. Minimum time in business/self-employment can vary by program.

📊 Credit: Credit-score requirements vary by lender and program. A stronger credit profile may provide access to more favorable terms.

💵 Reserves: Some programs may require several months of mortgage-payment reserves, particularly for larger loan amounts, investment properties, or borrowers with other risk factors.

🏠 Property Types: Depending on the program, financing may be available for primary residences, second homes, and/or investment properties. Property eligibility varies.

💲 Loan Amounts: Bank statement programs may accommodate higher loan amounts than some traditional mortgage options, but maximum loan amounts vary by lender and borrower qualifications.

📈 Debt-to-Income: Some bank statement programs use alternative methods of evaluating affordability rather than traditional DTI calculations. Specific limits and requirements depend on the program.

⚠️ Important: Bank statement loans are generally considered non-QM (Non-Qualified Mortgage) loans, and they can have different interest rates, fees, down-payment requirements, and underwriting guidelines than conventional mortgages.

Every loan is different. Guidelines, rates, terms, documentation requirements, and eligibility vary by lender and program. Bank statement deposits also generally need to be reviewed and sourced appropriately, and not every deposit will necessarily qualify as income.

📲 Curious whether you may qualify? Send me a message and I can review your scenario and discuss potential financing options.

Jessie McCollum
Licensed Mortgage Loan Officer, Dominion Capital Mortgage Inc.
NMLS ID # 1644591
📱804-895-4756
📩 [email protected]

*This post is for informational purposes only and is not a commitment to lend. Dominion Capital Mortgage is an equal housing lender.*

05/15/2026

Congratulations to my client Liz on the purchase of her brand new construction home in the heart of Richmond, just in time for the weekend! 🔑 🏠

Dominion Capital Mortgage Inc.