Because You Earned It

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Current Specials:

In response to the economic troubles facing our country, such as the Fannie/Freddie bailout, the failure of major banks etc, interest rates for veterans and other us citizens (fha loan holders) have fallen steeply in recent months.  Flagship Financial will pay you $250 if you can find another lender willing to give you a lower APR than what we can get.  Some minor restrictions apply, (you must be getting a VA or FHA loan for example).  Please call 888-657-2848 for details

VA Loans

Benefits of using a VA loan:
NO money down on purchases is required.  100% financing!
NO monthly mortgage insurance regardless of money down or not
NO minimum FICO requirement is set by the VA
More lenient underwriting guidelines than most conventional loan programs
Low Fixed Rates available
Streamline Refinancing avaialbe when rates go down.  (which they always do

FHA Loans

Benefits of using a FHA loan:
Low down payment required (0-3%)
NO minimum FICO requirement set by FHA
Very lenient underwriting guidelines
High LTV on cashout refinances
Low Fixed Rates available
Streamline Refinancing available when rates go down.  (whicch they always do)

Other Loan Programs also available

Examples of other available loans
Reverse Mortgage (actually FHA)
Conventional Loans
Investment Property (non owner) Loans
Lot and Land Loans
Construction Loans
Equity Loans
Mortgage Accelerator Loans

Mortgage Industry Faces Huge Bottleneck - Patience Needed

Online VA loan community yourvapro.com says bank failures have caused a huge bottleneck for customers trying to get a home mortgage loan or refinance.

The problem started last year when the mortgage industry cut 75-80% of its staffing.  Then the economy soured and the federal government cut interest rates to historical lows.  Suddenly demand spiked and mortgage lenders didn't have the staff to respond which has crippled the market said Eric Kandell, Manager Flagship Financial Government Loan Division.  Flagship Financial is an approved lender for yourvapro.com.


Now mortgage lenders can not hire fast enough.  Then the banks got into trouble and the credit crunch hit.  Most of the smaller middle man banks closed.  The result is that just a few large institutional banks are left to handle most of the loan processing and mortgage companies are short staffed.


Customers are waiting longer to get loans approved and funded.  Wells Fargo, Countrywide, and Citi have all seen large increaseds in the number of mortgage loans and refinances because of record low mortgage rates.  They can't meet the demand and that means customers are waiting longer.  They can't get anyone on the phone, said Kandell.


Flagship Financial has the experience to help.  yourvapro.com works with Flagship Financial, a mortgage lender who understands these issues.  Flagship's loan officers have been working 14 hour days.  They are doing all they can to facilitate an easy process for clients in light of this major log jam the industry is suffering, said Kandell.

Two weeks ago Chase, one of the few banks still offering loans, left the wholesale and third party loan origination business.  That crippled the market, making things even worse.  Now only the bigger banks are left to service this huge industry.  Borrowers and homeowners need to be patient and work with mortgage companies that understand these frustrations.  Flagship Financial can lock loans for longer - for both 45 to 60 days.

How has this affected consumers?  They are seeing huge delays or problems even getting loans.  While many homeowners need the reduction in their monthly payments, getting a loan can be a frustratingly long process.  Underwriting turn times went from 48 hours up to 4 weeks at some banks.  Some are even denying loans right at closing.


Flagship Financial and yourvapro.com have advice for people who are looking for loans - along with a $250 guarantee.  Borrowers need to be patient and trust that we will get them closed as fast as we can.  We still stand behind our $250 guarantee to offer the highest level of service, whether for veteran loans (www.yourvapro.com) or other loans, says Kandell.


Consolation comes knowing that although there are still issues, working with Flagship Financial has advantages.  Nate Burt, Loan Officer, many of our large lending partners, like Wells Fargo, have coined 'stop brokers' or given us special tier services so that our clients don't have to wait at the end of such a long line.  Our dedication to loan management and service has allowed us to come out on top of this big mess.

Rates have risen slightly recently, which means more customers will try to lock in against further increases.  Given the banking climate, and uncertain future, lowering monthly mortgage payments can help alleviate financial stress for years to come.

Welcome to our new and improved site!

You Deserve and are Entitled to the AMERICAN DREAM of home ownership. This site is dedicated to assisting you with your home loan needs by bringing this Great Nation's government home loan programs directly to you easily and quickly. We specialize in VA/FHA home loan programs and will use these government backed/insured loan programs to bring you the absolute best mortgage possible. You are entitled to these loans and a myriad of other benefits.

Flaghsip Financial is pleased to be working with our great Nation's military borrowers and veteran homeowners. We truly feel it is a priveledge and take great pride in each loan we close. In addition to working with veterans and other active and retired military, we also enjoy assisting our other fellow citizens take advantage of a myriad of other government loan benefits.

This great country we live in is full of opportunity and prosperity, and we feel owning a home is one of the most important steps in becoming prosperous. We hope you find our site informative, friendly and most of all, valuable in your quest for the AMERICAN DREAM!

Recent Customer Feedback:

Dear Friends at Flagship,

I just now received and noticed this testimonials type of email to reply to and of course. My loan officer there, Mr. Ryan Johnson, went "above and beyond the call of duty" on my behalf during the coarse of my loan application and funding.
Mid way through the paperwork, we realized that the bug inspection had not been completed by the local Terminex inspectors here.  The report was done but never faxed to you folk as of all things, the gal was on vacation.
Then, just before final approval and funding, my personal Agent/Broker's daughter passed away suddenly and out of respect for her and her family, we elected to wait for the closing, which finally was on 22 September 2008.
I am a Bronze Star, Purple Heart, and a Navy Commendation Medal awardee from my service in Vietnam 1968-1969.  I returned home, never got a "thanks" and never a parade.  After over 35 years, you folks and Ryan Johnson were my "Parade" and my "thanks".
I salute your continued efforts in the arena of helping US Veterans obtain a home and a VA Home Mortgage through your fine organization.
Blessings and thank you,

Marshall Morris
Mebane, North Carolina
26 October 2008

Mr. Fugal I am very sorry that this letter is late. The Ballards just wanted to say THANK YOU to you and your staff for all the hard work. One thing is for sure Mr. Fugal, we will tell people about you! You made everything seem so easy even if you were busy or had a problem. This let me and my husband know that we had the right company and the right person. Mr. Fugal, you are a perfect 10 in my book.
Mr and Mrs Ronald B.
Lancaster, TX

My name is William Cubbage. I have recently been working with Shawn at Flagship on refinancing my VA loan. I feel I am making a very minimal gesture in emailing a big thank you to Shawn. I called Flagship in a last effort to save my home and spoke to Mr. Shawn. This young man has an attitufe and overall demeanor this is a rare find in this day and age. Shawn was very up beat with all our phone conversations and I was left to feel as if my situation with my home was in very good hands. The quality of character that I have experienced with Shawn is not only commendable but one that sets the bar for others to emulate. In closing I will say that Shawn has been an absolute pleasure to work with if not a blessing. I personally think he has been both.

Sincerely,
William C.

Ryan, Please accept this small gift as a token of our appreciation for making our refi into a reality. You were so kind and patient and thorough. You are a great asset to your company; you really calmed our fears, especially since you're in another state. Please show this to your BOSS! Hope the best for you are yours-share the candy with your little girl. Love the Ritchies.


Hello Nate B, Mike and I would like to thank you very much for what you did for us. We will definetly give your name as a reference and will be keeping in contact for ourselves too. Just made the first house payment. We also received the escrow refund in the mail yesterday. Everything is complete just like you promised. Thank you again for your time and your expertise.

Mike and Wendy T.


legal

We are required by law to list the following licensing information. Flagship Financial Group, LLC is licensed as:  NMLS No. 3133; Alaska Mortgagee Licensee #100278; Arizona Banker 0908193; Department of Corporations under the California Residential Mortgage Lending act Lender 413 0854; Florida Correspondent Lender CL 0703188; Georgia Mortgage Broker Licensee 17297 - 3130 W Maple Loop Dr, #200, Lehi, UT 84043 (GA); Illinois Residential Mortgage Licensee MB6760204; Registered under the Kansas Mortgage Business Act License Number of 2002-4309, Maine Mortgage Lender License# SLM9424; Maryland Mortgage Lender 16461, Mississippi Supervised Mortgage Company 308/2006; Nevada Mortgage Broker 1385 - 1349 Galleria Dr., #110, Henderson, NV 89014; New Hampshire Banking Department  Mortgage Broker 13439-MBR; North Dakota Money Broker MB101563; Oregon ML-2543; Licensed by the Pennsylvania Department of Banking (PA); Utah Mortgage Loan Company 5493106; Licensed by the Virginia State Corporation Commission, License MC-2980 . In certain states in which we do conduct business, certain restrictions and limitations apply. Rates and terms subject to change. If you have any questions or comments regarding this offer please email to lharris@ffgcorporate.com.