Bobby Rank - Loan Officer NMLS # 2118638

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South Fayette, PA
Bobby Rank - Loan Officer NMLS # 2118638

Providing people with useful information about the Mortgage Industry while helping customers find th

03/26/2025

Big news today from HUD. They announced as of May 25th 2025 Non-Permanent Resident Aliens will not be eligible for FHA loans. This will include people such as those here on temporary visa or under asylum. Will update if any changes come out.

03/25/2025

If you are getting ready for pre-approval make sure to “Opt Out”. This will help stop telemarketers from calling you. When you get your credit pulled by a lender the credit bureau not the lender sells your information to other lenders and they will call you because you are looking for a loan.

03/20/2025

Fed had meeting yesterday and did what was expected and had no change in rates but in press conference after meeting did give some insight for 2025. They are still projecting a 0.5% reduction overall in the rate for 2025. Experts are assuming this will be done with two 0.25% reductions. Powell also talked about bonds and buying more which in turn affects treasury yield in turn affects rates. Not a direct impact but all the dots connect to improving rates.

03/19/2025

FHA fact: If you are using a FHA loan to buy a home that recently has been purchased (like a flip house) the house can not go under contract until 91 days after the sellers purchase date. Also if it is before 180 days after purchase date the lender could require two appraisals if the price has doubles, the lender must pay for the 2nd one. There are exceptions to the rule, such as bank selling foreclosure, or if the home was inherited. Always make sure to confirm the situation with your loan officer and their underwriter.

01/22/2025

Hi Everyone, if you know anyone looking to buy or build a new home but they need to sell their home first then make sure to tell them to contact me about my Blanket Loan product. My Blanket Loan allows people to buy a new home without a contingency offer by using the equity from their existing home. While they have both houses they pay interest only payments for up to 12 months. This means you move into the new home at your own pace and you don’t need to list the old home until you’re ready.
So no rushing around trying to clean your house and leave for 2 hours every showing. After you move in the new house and sell the old house we will use our low cost refinancing loan to get you into a conventional loan. This is the basic way to use our blanket loan but it can be used in many other ways like new construction, investment properties, or Brady Bunch loan (2 people who own houses but want one big house to combine families). Friends and family please like and share this post and feel free to tag your realtor friends because realtors love this loan. Contact myself for more details. Bobby Rank - Loan Officer NMLS # 2118638

01/03/2025

So happy for our clients that their offer was accepted. Great job Erika Smith, Realtor. Make sure Erika Smith is one of your calls when looking for a realtor.

06/02/2024

Stop in today from 2:00 - 4:00 pm at 530 S. 6th Street Indiana, Pa for the open house with Paula A. Bracken at Realty One Group Landmark where I will be joining her to answer any lending questions you may have.

05/30/2024

Need to sell your home in order to buy your next house?!?! Let me help take that stress away along with your contingency offer and let’s talk about Union Savings Bank Blanket Loan.

05/09/2024

Check out Union Savings Bank portfolio loans. Our portfolio loans allow us to be creative in our lending. Please feel free to contact me with any questions.

04/26/2024

Got another buyer to the closing table with our great Union Savings Bank conventional loan. Was able to save the client money on fee’s when he was shopping around. USB has some of the lowest fee’s around. Give me a call today for your quote to see if I can save you money.

04/22/2024

Celebrating my 3rd year on Facebook. Thank you for your continuing support. I could never have made it without you. 🙏🤗🎉

Address

South Fayette, PA

Telephone

+17248408387

Website

https://wesbancobank.mymortgage-online.com/BobbyRank.html

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