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Old 08-12-2019, 07:45 PM   #151  
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Joined APC: Jan 2017
Position: 757/767 Capt
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Quote:
Originally Posted by SimMonkey View Post
There may be an opportunity to save some big bucks in the near future through a refinance. Pay attention.
We've been doing a ton of refi's. Best deals are on VA loans because of the streamline IRRRL and low government rates. Refi closing costs vary state to state, but IN, IL, MS, WA, KY, NC, CA, SC, and AL are some of the super cheap ones. We've been able to pay all the closing costs and still lower guys down to the 3.125-3.375% range on a 30yr depending on the state. Worth exploring if you're about 3.875% or higher.

Conventional loan refi's are something to consider if you're in the high 4% range. Rates are in the 3.625-3.75% range for 30yrs and 3.125 for 15yrs with no points.

Let us know if you want to explore it. We can do a quick check of the numbers without any big paperwork exercise or credit pull on your part. Just need a little info and if you like the numbers we'll do the paperwork and if not no harm or foul. Just gives you piece of mind that you're already sitting good where you're at if the numbers don't make sense.

All we need is for you to e-mail Jon at [email protected] with the:
Property address
Type of loan on it (VA, Conventional, FHA, etc)
For VAs - if you have VA disability or not
Current rate
Amount currently owed
Estimated credit score

Let me know if you have questions.

Marty
Owner, Trident Home Loans
[email protected]
850-346-0250
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Old 08-16-2019, 11:50 AM   #152  
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Default Trident Mortgages is awesome thru transition

OK, solid plug here for Trident Home Loans, and specifically my loan officer, Jonathan Kulak. For all the folks separating and going to the airlines, this is huge. I was an active duty major, flying C-17s out of Charleston, making $120K/yr plus, 800+ credit, plenty of money in the bank, and got hired by Delta as I came up on my separation date. I wanted to move to Peachtree City, GA and start my new life. All sounds good to buy a ~$400K house... right? Wrong. Here's the kicker: If you're within a year of separation, mortgage companies will not consider your current income as they calculate your risk for a loan. Most mortgage companies will say that you need a pay stub or two from your new job in order to pass the underwriters. This is a major problem for separatees, especially those with Conditional Job Offers (CJOs) who don't even have a start date. I shopped over half a dozen mortgage companies looking for someone who could help me. Some companies asked questions about how I expected to be paid... training pay, followed by flight pay? Totally didn't understand. One loan officer was like... "Ok, you'll be part time in the reserves, and part time with an airline? We need full time employment." Most guys don't get our industry.

This means that you can't buy a house and get settled in before the transition. I didn't think getting a loan would be a problem, but it was a major source of stress throughout an already stressful time. Enter Trident Home Loans.

These guys specialize in working with pilots, and understand exactly how the game works. Here's how they worked with me to get me a loan: I could go down option A: Get a start date with Delta, and then they could look up all the training pay/pay scales and could grant me a loan on the strength of my CJO (conditions met, and start date granted), or option B: Get a letter from my reserve unit estimating how much my annual income would be. I was still waiting for my start date, so I went with option B. Trident even sent me an example letter that I could fill out and have my reserve unit sign. Hit me up at [email protected] if you want me to forward something like that to you. Seriously though, if you need a home loan and you're a pilot, go through Trident Home Loans. I closed 19 Jul 19 on a $420K house (10% down on a 30yr VA in order to bring the funding fee to the minimum 1.25%, and financed about $385.) I got 3.25% for a 30 year fixed and $2,200 cash BACK. You read that right. No funding fee, they paid ME and still gave me that interest rate, on the strength of a letter from my reserve unit. If you have any questions, hit me up and I'll answer them. Better yet, go straight to Trident Home Loans at www.tridenthomeloans.com or call Jonathan Kulak at 850-377-1114. He'll get you squared away.

Totally legit operation. Awesome communication. I was a little nervous going with a mortgage company that was out of state (they're based in Florida) but they always answered the phone immediately or called/wrote back within the hour. Jonathan himself is a Southwest pilot and did more than simply help me with the loan, I actually got info from him on how to do reserve stuff, which was also a bit of a mystery. Go with these guys, you won't regret it.
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Old 08-16-2019, 11:51 AM   #153  
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Default Go with Trident Home Loans

OK, solid plug here for Trident Home Loans, and specifically my loan officer, Jonathan Kulak. For all the folks separating and going to the airlines, this is huge. I was an active duty major, flying C-17s out of Charleston, making $120K/yr plus, 800+ credit, plenty of money in the bank, and got hired by Delta as I came up on my separation date. I wanted to move to Peachtree City, GA and start my new life. All sounds good to buy a ~$400K house... right? Wrong. Here's the kicker: If you're within a year of separation, mortgage companies will not consider your current income as they calculate your risk for a loan. Most mortgage companies will say that you need a pay stub or two from your new job in order to pass the underwriters. This is a major problem for separatees, especially those with Conditional Job Offers (CJOs) who don't even have a start date. I shopped over half a dozen mortgage companies looking for someone who could help me. Some companies asked questions about how I expected to be paid... training pay, followed by flight pay? Totally didn't understand. One loan officer was like... "Ok, you'll be part time in the reserves, and part time with an airline? We need full time employment." Most guys don't get our industry.

This means that you can't buy a house and get settled in before the transition. I didn't think getting a loan would be a problem, but it was a major source of stress throughout an already stressful time. Enter Trident Home Loans.

These guys specialize in working with pilots, and understand exactly how the game works. Here's how they worked with me to get me a loan: I could go down option A: Get a start date with Delta, and then they could look up all the training pay/pay scales and could grant me a loan on the strength of my CJO (conditions met, and start date granted), or option B: Get a letter from my reserve unit estimating how much my annual income would be. I was still waiting for my start date, so I went with option B. Trident even sent me an example letter that I could fill out and have my reserve unit sign. Hit me up at [email protected] if you want me to forward something like that to you. Seriously though, if you need a home loan and you're a pilot, go through Trident Home Loans. I closed 19 Jul 19 on a $420K house (10% down on a 30yr VA in order to bring the funding fee to the minimum 1.25%, and financed about $385.) I got 3.25% for a 30 year fixed and $2,200 cash BACK. You read that right. No funding fee, they paid ME and still gave me that interest rate, on the strength of a letter from my reserve unit. If you have any questions, hit me up and I'll answer them. Better yet, go straight to Trident Home Loans at www.tridenthomeloans.com or call Jonathan Kulak at 850-377-1114. He'll get you squared away.

Totally legit operation. Awesome communication. I was a little nervous going with a mortgage company that was out of state (they're based in Florida) but they always answered the phone immediately or called/wrote back within the hour. Jonathan himself is a Southwest pilot and did more than simply help me with the loan, I actually got info from him on how to do reserve stuff, which was also a bit of a mystery. Go with these guys, you won't regret it.
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Old 08-25-2019, 10:34 AM   #154  
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Quote:
Originally Posted by lukechristopher View Post
OK, solid plug here for Trident Home Loans, and specifically my loan officer, Jonathan Kulak.
Thank you for the nice words and plug Luke! It was a pleasure working with you and glad we were able to make things go so smooth. There are a lot of fine lenders out there but we definitely know pilot/military mortgages. They are our bread and butter with Marty, Tim and I being former military and current airline pilots. We will certainly work our butts off for any of you guys. We see quotes from all the big national lenders and we rarely loose to them rate/deal wise. We just price more competitively because we don't need to make what they do...we have little overhead and we have airline pay.

Reach out if we can help.

Jon
850-377-1114
[email protected]
www.tridenthomeloans.com
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Old 12-05-2019, 12:34 PM   #155  
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Quote:
Originally Posted by JohnUnrien View Post
Hey guys there is a new Pilot Lender out there named Home Loans For Pilots they have a website https://www.homeloansforpilots.com/ their number is 888-400-2950 I just spoke to the lender and they offer a $0 down home loan with no Mortgage Insurance. Pretty awesome program. Affiliated with Flagstar Bank. Just wanted to share with you all and might be worth looking into.

I’d advise people to be careful about this type of stuff. We’ve been in the mortgage business for 12yrs and have seen a lot of pop up websites like this. By law all lenders are required to have multiple licensing disclosures on their website which this one does not. Additionally all lenders have to be licensed through the National Mortgage Licensing System and Registry. You can search for lenders on the website below. You’ll see “Home Loans for Pilots” is not found.


https://www.nmlsconsumeraccess.org/

Cheers!


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Old 12-05-2019, 06:42 PM   #156  
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https://www.eastcoastfinancialservices.com/ironenlulu/

This is the company I used to get a jumbo loan with very little down.
Irini Ronen-Lulu of East Coast Mortgages. She was recommended by a pilot friend of mine that’s into commercial real estate because she and her company understands the salary confusion stuff we go thru. I simply filled out the financial disclosure form and they handled the rest. I received Pre-approval email within hours of our first conversation. She put our finances into a computer program that gives accurate solutions on improving credit within a certain time frame to get better rates prior to closing. I was already a home owner and I also own investment properties so this wasn’t my first go round with brokers and lenders. I’ve had loans with countrywide, Bank of America, and Quickin loans. This by far was the very best company and person I’ve ever done business with in real estate. We did our due diligence called around a few other companies and if you know anything about Jumbo loans they are not easy to get. She’s the only one that was able to get what we wanted under the terms we were looking for. I cannot day enough about her expertise, experience and professionalism.
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Old 12-10-2019, 06:35 PM   #157  
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Great thread, wish I saw it two years ago.
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Old 12-16-2019, 05:33 AM   #158  
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It’s a little early in the process (don’t plan to break ground until fall 20 or spring 21) but any recommendations for new construction loans in the state of New Hampshire?


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Old 12-22-2019, 11:31 PM   #159  
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I don't usually write reviews, I think good customer service should be the norm. This experience was so good I think it warrants one.

We recently closed on a house and honestly, we couldn't have done it without the help from Jonathan Kulak and Trident Home Loans.
As a regional FO, having a pilot on your side who understands how we are paid, and can work with the underwriters so they understand it too, is priceless.

Jonathan also has an amazing team working with him, and they all deserve the same praise. They replied to any questions I had, usually in a matter of hours, even outside normal office hours.

Not only is their customer service outstanding, but their rates are good too. I went through a few online rate comparisons, and they all pretty much said "well, it looks like you have a great rate so we can't compete with that".

10+ points for Trident.

Thank You.
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Old 12-23-2019, 08:11 PM   #160  
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Quote:
Originally Posted by dera View Post
We recently closed on a house and honestly, we couldn't have done it without the help from Jonathan Kulak and Trident Home Loans.

Thank You.
Thank you and congratulations on closing! The problem with a lot of lenders/underwriters is they just don't see pilot pay that often so they don't underwrite our income correctly. They love to try to use a 24 month variable income average which isn't accurate at all based on our CBAs. HR at most airlines also doesn't do a good job with the verification of employment documentation either which makes the problem worse. Being airline pilots and doing loans for thousands of pilots over the last 13yrs is what makes us different. We appreciate you trusting us with such a big purchase! Let me know if you need anything in the future.

Jon
850-377-1114
[email protected]
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