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Business Partner Update
Trey Camp
Edge Home Finance LLC
Tuesday, October 20, 2026
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VA loans: what agents should know this week
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From Your Lending Partner
VA Loans Are the Most Powerful Buying Tool Your Veteran Clients Have
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If you're working with a veteran or active-duty service member and they're not using their VA benefit, stop everything. The VA loan is the most powerful mortgage product available — zero down, no PMI, competitive rates, and flexible qualifying. A veteran buying a $450K home saves roughly $200/month in PMI alone compared to a conventional loan at 5% down. Over seven years, that's over $16,000 — and they went in with no down payment. I work with VA loans regularly and know how to structure the offer so sellers understand it's not a burden. I provide a custom VA pre-approval letter that educates the listing agent on the process. I've closed VA loans in competitive multiple-offer situations. The stigma is outdated. If you have a buyer with a DD-214 or who's currently serving, send them my way for a no-obligation call. It will likely be the most important financial conversation they have this year.
Know a veteran who hasn't used their VA benefit? Let's get them pre-approved this week.
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HousingWire
A 2026 survey found 63.2% of homeowners are stressed by ownership costs as taxes, insurance and upkeep rise
Read full article →
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Mortgage News Daily
If you're busy, we can make this quick. Existing home sales dropped sharply from over 6m units per year starting in 2022 and had bottomed out around 4m units per year by the end of 2023. They've done essentially nothing exciting since then and the latest update is no exception. The end. If you prefer to read an article-sized article, here you go: Existing-home sales edged higher in September
Read full article →
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Did You Know?
Asset Depletion Loans
High net-worth buyers can qualify on liquid assets alone.
Buyers with significant liquid assets but limited verifiable income — retirees, investors, the independently wealthy — can qualify using asset depletion methodology. No employment, no W-2 required.
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✓Eligible assets divided over loan term to create imputed income
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✓Retirement accounts, brokerage accounts, and cash all count
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✓Available for primary, second home, and investment
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✓Loan amounts up to $3M+ depending on program
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Share With Your Buyers
Understanding Your Credit Score
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1.
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Your mortgage credit score is calculated differently than your consumer score — it's often lower.
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2.
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Paying down credit card balances below 29% utilization can boost your score in 30–45 days.
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3.
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Don't close old credit accounts before applying — length of history helps your score.
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4.
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One late payment from years ago matters less than recent on-time history — lenders look at trends.
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5.
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If your score is borderline, ask your lender to run a rapid rescore before you apply.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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5860 Baker Road Minnetonka, MN 55345, Individual NMLS# 1377038, Company NMLS# 891464 Equal Housing Opportunity · 361.232.9117 · loansbytrey.com · NMLS# 1377038 · Company NMLS# 891464
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