MARITA’S MORTGAGE EXPERTISE
Marita has extensive training and experience in several mortgage types. Her understanding of all regulations, conditions and parameters is extensive. Her ability to have information ready on the spot is crucial to the process.
V.A. Loans
VA loans require precise structuring to meet both program guidelines and competitive market conditions. Qualification is driven not only by credit and income, but by residual income calculations, entitlement usage, and acceptable property standards. Marita reviews these factors early, ensuring the file aligns with VA underwriting requirements before submission. This includes verifying income stability, managing debt ratios within VA tolerances, and preparing the loan to withstand appraisal and condition review. The objective is a VA transaction that performs reliably from offer through final approval without avoidable delays.
Large & Complex Loan Amounts
High-value and jumbo transactions involve stricter underwriting standards and greater scrutiny of income, assets, and collateral. These loans often require detailed documentation, including layered income analysis, asset sourcing, and liquidity verification beyond standard guidelines. Marita structures these files in advance to align with investor expectations, addressing potential pressure points such as appraisal sensitivity, reserve requirements, and documentation gaps. The focus is on building a file that holds through underwriting and closes without last-minute restructuring or renegotiation.
Bank Statement Loans
Bank statement loans rely on cash flow analysis rather than traditional income documentation, requiring a disciplined review of deposits and expense patterns. Qualification depends on identifying consistent, supportable income from business or personal accounts, while excluding non-recurring or ineligible deposits. Marita organizes and presents these files to align with underwriting expectations, reducing the likelihood of income challenges during review. This approach ensures that the loan is not only approved but structured to move through underwriting efficiently and close without rework.
Annuitized Asset Loans
Structured for borrowers who may not have traditional income but hold substantial liquid or investment assets. Instead of relying on employment income, the lender calculates a qualifying income by “annuitizing” those assets — spreading their value over a defined period to create a consistent, usable income stream for underwriting purposes. This approach requires careful evaluation of asset type, liquidity, and sustainability, as well as alignment with specific lender guidelines. When structured correctly, it allows asset-rich borrowers to qualify for financing without relying on standard income documentation, while still meeting underwriting requirements for long-term repayment capacity.
Refinance
A refinance loan replaces your existing mortgage with a new one, typically to improve the structure of your financing rather than simply chase a lower rate. Homeowners use refinancing to adjust loan terms, reduce monthly payments, consolidate debt, or access equity through cash-out options. The process involves a full review of credit, income, property value, and current market conditions, much like a purchase loan. A well-structured refinance can strengthen your overall financial position, but the benefit depends on timing, costs, and long-term objectives — not just the interest rate alone.
First Time Home Buyer Loans
First-time buyer transactions require structured preparation to address qualification, documentation, and cash-to-close requirements early in the process. These files often involve tighter debt-to-income thresholds, credit considerations, and limited reserves, which can introduce risk if not properly managed. Marita builds pre-approvals that reflect actual underwriting standards and outlines the full transaction sequence before an offer is made. This reduces uncertainty during escrow and helps ensure the loan progresses from contract to closing without avoidable delays or condition-related issues.
A Totally Redesigned Option To Take Advantage Of Your Home’s Equity
Equity Conversion Loans (Previously Known As Reverse Morgages
Equity conversion loans require careful evaluation of long-term impact, not just initial eligibility. These loans are structured based on age, equity position, property value, and how funds are distributed over time. Marita reviews how the loan will perform beyond closing, including interest accrual, available equity over time, and repayment triggers tied to occupancy or property disposition. The goal is to structure the loan in a way that aligns with the borrower’s financial objectives while maintaining stability and predictability throughout its lifecycle.
Marita De Vargas Has The Support Of One of the Nation’s Largest Lenders
loanDepot is one of the largest non-bank mortgage lenders in the United States, with a national platform that supports a wide range of loan programs, underwriting resources, and market reach. Within this structure, Marita DeVargas operates as a top-performing loan officer in the Santa Fe market, leveraging both her extensive experience and the operational strength of loanDepot. This combination allows her to structure and deliver financing solutions that are competitive, well-supported, and capable of moving efficiently from application through closing in a dynamic and often complex lending environment.
NMLS: 174457