Buying a property as your own home or as an investment, will be one of your biggest investment. You want the best on your team. I have the skills and knowledge to guide you. I am not your typical mortgage banker. I have an undergrad in engineering and an MBA from The Univ of TX at Austin. I spend 20+ years as a Management Consultant advising and assisting Fortune 500 clients. I use my people skills and analytical thinking, to help my clients. I look to deliver the highest level of service, clear and open communication, and always working to find the best financing solution for you.

I am a Senior Vice President/Mortgage Banker with The Federal Savings Bank. The Federal Savings Bank is a veteran owned bank focused on mortgages in ALL 50 states. We offer competitive rates, coupled with reliable/predicable service. We underwrite and fund loans in house.

• National Lender, ALL 50 states

• Direct Lender - Fannie Mae, Freddie Mac, FHA, VA, USDA
o Investor friendly
o No/min overlays
o Can do up to 10 financed properties per individual
o Rental income credit with lease (no seasoning)
o 6 month seasoning to do cash-out refi
o No seasoning for rate-term refi (refi away for HML or Private money)
o 1-4 units, all treated the same
o Use all sources of income: W-2, 1099, K-1, Sch C, Sch E (rental income), S corp, C Corp, etc.
o Loan based on 1 yr tax return
o W-2 loan programs
o Can use future income for VA loans (within 30-60 days of start of new job)
o Texas Section 50(a)(6) compliant mortgages – TX home owners and investors can do cash-out

• Pre-underwriting - Fully approved loan - submit offer with no financing contingency

• Jumbo & Super Jumbo
o 80/10/10 up to $1.3M
o 85% up to $3M no MI
o 80% up to $5M
o Loans up to $10M, higher with exception

• Portfolio loans
o 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
o Loans for individuals with derogatory credit - bankruptcy, short sale, foreclosure, deed in lieu
o 24 month bank statement loan, Asset depletion loan

• Condo/Co-op loans, including non-warrantable Condo & condo-tel - We have a dedicated condo/co-op department that I run every deal through beforehand. No surprises.

• Construction/Rehab loans
o Construction loans for Owner Occupied property, investors and Spec build for established builders
o FHA 203(k) Rehab loan - Owner occupied 1-4 unit
o Fannie Mae HomeStyle Renovation loan – Owner occupied 1-4 unit OR 2nd home/Investment 1-unit

• Foreign National loans

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Upen Patel, Senior Vice President
NMLS# 1374243
The Federal Savings Bank is a member FDIC and Equal Housing Lender.
Terms and conditions may vary. Subject to underwriting approval.
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