Upen Patel, National lender,Residential loans in ALL 50 States (The Federal Savings Bank) Mortgage and Lending



Upen Patel
National lender,Residential loans in ALL 50 States
location_on Vienna, VA — The Federal Savings Bank
Get to Know Upen Patel

I am a Mortgage Banker @ The Federal Savings Bank. As a National Lender I can originate loans in ALL 50 states.

* We are investor friendly 
* No/min overlays 
* Can do up to 10 conventional loans per individual 
* 610 min FICO for VA loans 
* 610 min FICO for FHA loans 
* 640 min FICO for USDA loans 
* Rental income credit with lease (no need to wait for a tax return) 
* 6 month seasoning to do cash-out refi 
* Residential portfolio loans for investors who want the peace of a 30 yr fixed loan, but have used up the conventional loans. Can do title in LLC/S-Corp. 
* Jumbo & Super Jumbo – 80/10/10 up to $1.3M, 85% up to $1.5M no MI, 80% up to $3M 
* Can do loans for individuals with derogatory credit - bankruptcy, short sale, foreclosure, deed in lieu. 
* Portfolio loans - 24 month bank statement loan, Asset depletion loan 
* Non-warrantable Condo/Co-Op - We have a dedicated condo department that I run every deal through before hand. No surprises. 
* Loans for self-employed/business owners/1099/K-1 
* Construction loans for Owner Occupied property and Spec build for established builders. 
* Rehab loans to cover purchase and rehab for Owner Occupied property.

We are Veteran owned bank focused on Mortgages. We offer attractive rates, coupled with reliable/predicable service.

We underwrite loans in house and fund them ourselves. No dependency on a 3rd party.


No overlays, we follow agency guidelines. Competitive rates and great service. 90% LTV Jumbo. Non-warrantable Condo, Co-ops, Condotel. We do it ALL, in ALL 50 states.