pilot mortgages
06-24-2016, 09:18 PM
#31
Line Holder
Joined APC: Aug 2013
Position: 737 FO
Posts: 29
Trident Home Loans in FL is owned by two pilots (Delta and SWA). I've done two loans with them and they saved me 13k through lender credits. The last one was a free refi which I didn't have to come out of pocket for anything. The guys that own it are awesome and the girls who work there are super helpful. I wouldn't do a loan with anyone else unless I ended up in a state that they aren't licensed in. On top of the great deals, they get pilot and reserve/guard pay. I'd be happy to link anyone up with the owners. Just PM me.
06-27-2016, 07:53 AM
#32
Line Holder
Joined APC: Aug 2013
Position: 737 FO
Posts: 29
Originally Posted by Flyaf05
Trident Home Loans in FL is owned by two pilots (Delta and SWA). I've done two loans with them and they saved me 13k through lender credits. The last one was a free refi which I didn't have to come out of pocket for anything. The guys that own it are awesome and the girls who work there are super helpful. I wouldn't do a loan with anyone else unless I ended up in a state that they aren't licensed in. On top of the great deals, they get pilot and reserve/guard pay. I'd be happy to link anyone up with the owners. Just PM me.
06-27-2016, 09:09 AM
#33
Gets Weekends Off
Joined APC: Mar 2008
Position: A-320
Posts: 1,122
I went through US Bank last summer and it was surprisingly easy. They even allowed me to get the loan based on second year Airbus pay when I was on first year E-190 pay. They wanted sections of the contract and a letter from the chief pilot's office confirming my pay rate and guaranteed hours. US Bank actually had pretty good rates.
07-13-2016, 03:23 PM
#34
Standing by to Stand By
Joined APC: Jul 2016
Position: Holding
Posts: 76
Originally Posted by viper548
I went through US Bank last summer and it was surprisingly easy. They even allowed me to get the loan based on second year Airbus pay when I was on first year E-190 pay. They wanted sections of the contract and a letter from the chief pilot's office confirming my pay rate and guaranteed hours. US Bank actually had pretty good rates.
07-13-2016, 04:36 PM
#35
Line Holder
Joined APC: Aug 2013
Position: 737 FO
Posts: 29
Originally Posted by banana380
Going from this, will they not accept first year pay for a mortgage?
07-15-2016, 10:06 AM
#36
Gets Weekends Off
Joined APC: Mar 2008
Position: A-320
Posts: 1,122
Originally Posted by banana380
Going from this, will they not accept first year pay for a mortgage?
They said as long as it's within the same industry, switching jobs doesn't really matter.
07-28-2016, 07:20 AM
#37
Standing by to Stand By
Joined APC: Jul 2016
Position: Holding
Posts: 76
Previous job pre-qualified loan?
My wife and I were talking about this yesterday. We will be moving to DFW area for Envoy, but I will be AD Navy on terminal leave when we get down there.
Would it be better to pre-qualify based on my current income (~$90K/yr) or roll the dice on someone approving first year pay at the regional? FWIW we are looking in the 130-150K range for houses north of Ft. Worth, which seems very doable on 1st-2nd year pay.
Would it be better to pre-qualify based on my current income (~$90K/yr) or roll the dice on someone approving first year pay at the regional? FWIW we are looking in the 130-150K range for houses north of Ft. Worth, which seems very doable on 1st-2nd year pay.
07-28-2016, 03:28 PM
#38
Gets Weekends Off
Joined APC: Oct 2015
Position: Gear slinger
Posts: 2,895
Originally Posted by banana380
My wife and I were talking about this yesterday. We will be moving to DFW area for Envoy, but I will be AD Navy on terminal leave when we get down there.
Would it be better to pre-qualify based on my current income (~$90K/yr) or roll the dice on someone approving first year pay at the regional? FWIW we are looking in the 130-150K range for houses north of Ft. Worth, which seems very doable on 1st-2nd year pay.
Would it be better to pre-qualify based on my current income (~$90K/yr) or roll the dice on someone approving first year pay at the regional? FWIW we are looking in the 130-150K range for houses north of Ft. Worth, which seems very doable on 1st-2nd year pay.
07-29-2016, 08:18 AM
#39
Standing by to Stand By
Joined APC: Jul 2016
Position: Holding
Posts: 76
Originally Posted by Otterbox
Prequal now and close on the house before terminal leave ends will be the easiest bet... Your income stability will help you. Waiting the 6-12 weeks for pension pay to kick in and a lack of longevity in the new job will make things much more difficult.
01-09-2017, 05:07 AM
#40
Gets Weekends Off
Joined APC: Jul 2007
Position: B777
Posts: 586
Thanks to this thread I discovered Trident Home Loans
Its run by a Delta and Southwest (but I won't hold that against them
)
The girls in the office that I spoke to on the phone took a lot of the pain and frustration out of the process
while I was buying a house in Texas--I thought they were very helpful and understood the airline pilot pay structure and issues most lenders cannot seem to grasp! Buying a home is about as fun as going to the Dentist but at least it's a fellow pilot and they try to provide above and beyond service which exceeded my expectations.
I highly recommend them!
Its run by a Delta and Southwest (but I won't hold that against them
)The girls in the office that I spoke to on the phone took a lot of the pain and frustration out of the process
while I was buying a house in Texas--I thought they were very helpful and understood the airline pilot pay structure and issues most lenders cannot seem to grasp! Buying a home is about as fun as going to the Dentist but at least it's a fellow pilot and they try to provide above and beyond service which exceeded my expectations.
I highly recommend them!
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