|
Stated
Income
Available/Verified
Assets for
California
and Arizona
to
$3,000,000
6% SELLER
CONCESSIONS
ALLOWED
Minimum
Loan Amount
$500,000
Self
Employed
Borrowers
Only
(minimum 2
years)
720
Credit Score
Max
$350,000
Cash Out
with Max
Loan Amount
$1,000,000
12 Months
PITI
Reserves on
all
Properties
Owned
LTV 60%
TO $1.5M
(60% LTV to
$3M CA)
Property
Types
SFR
PUD
Warrantable
Condos
ARMS
AVAILABLE
A Paper
Rates
States
Ca and AZ
Program Ref
#
125bnr657 |
|
|
1/2% Down
Home Loan
-
Half
percent
down
payment,
FICO
scores
below
620
permitted,
even NO
FICO
scores
on FHA
Loans.
-
FHA
Loans
(1/2%
Down).
FHA Loan
combined
with CHF
Access
down
payment
assistance
program
may be
used!
-
Manufactured
Housing
Still available.
-
Multiple
properties
OK, up
to 10
properties
owned.
-
CalPERS
-
CalSTRS
-
FHA 203K
Loans
-
Quality
service
with
personal
attention!
-
CA/California
Only for
this
program.
Call for
additional
programs
in your
state.
Program Ref
#
12569rst31p657 |
|
|
CALIFORNIA
HARD MONEY
LENDER To
$20,000,000
1st, 2nd
and 3rd
stand alone
mortgage
LTV - 60
to 65%
Occupancy
- owner and
non-owner
occupied
Property
Type -
Residential
&
commercial
properties
Term
- Short term
bridge or
longer term
loans
No
prepayment
penalties
Credit
Score - No
FICO
minimums, no
tax returns
required and
in most
cases, no
appraisal
required
Purpose
- Purchase,
refinance,
foreclosures,
bankruptcy,
probates..construction
completion....etc..
Multiple
properties
OK, use as
cross
collateral
Sacramento,
San
Francisco,
Los Angeles,
San Diego,
Orange
County, San
Jose
Program Ref
#
125112309657 |
|
|
Manufactured
Home Loan
-
FICO
scores
below
620
permitted,
even NO
FICO
scores!.
-
Maximum
LTV
financing
(96.5%)
for
purchase
transactions!
-
Cash out
refinances
up to
85% LTV!
-
Rate and
Term
refinances
up to
97.75%
LTV!
-
CHF
Access
down
payment
assistance
program
may be
used!
(CA
Properties
only.
CHF 2nd
may only
be used
in
conjunction
with the
CHF
first
mortgage
exclusively
offered
through
First
Mortgage
Corp.)
|
|
|
2nd Mortgage
Mortgage
Program · Loan
amounts up
to $350,000
·
15 or 20
year fixed
rate 2nds
available
for
refinance or
purchase
·
Heloc's
available on
refinances
(Except
Texas)
·
$10,000
minimum loan
amount on
Heloc's
·
Stand Alone
or combo (1st
and 2nd
) loan
packages
available
·
Single
Family
Residence
·
Owner
Occupied
|
|
|
Jumbo Loan -
$1,500,000
Full Income
Documentation
program
* No rate
adjustment
for cash
out!
* INTEREST
ONLY 3 & 5
year ARMs:
680 credit
score, 1+
previous
year of
mortgage
history
one loan, no
Mortgage
Insurance!
* 30 Year
Fixed one
loan, no
Mortgage
Insurance!
* 7 & 10
Year ARMs
one loan, no
Mortgage
Insurance!
* Stand
Alone 2nd
mortgages
including
HELOCs
*
Properties
1 day off
MLS OK
*
Manufactured
homes: $200K
max loan,
large
acreage OK
|
Loans > $900,000
Loan Amounts greater than $900,000
1st position loans primary residence single family residence only
Purchase and rate $ term refinance loans only
Maximum $1,000 cash out
750 minimum credit score fico on both applicants required
No prior bankruptcy allowed
No outstanding adverse credit items (judgments, repossessions, liens, etc
Most recent 24 month credit payment history paid as agreed (revolving, installment and mortgage)
Max 65% LTV financing loans $900,000 to $1,200,000; max 50% LTV financing loans $1,200,000 to $1,500,000
· Rate and Term refinance Minimum 12 months seasoning on current mortgages
Prior mortgage history required for purchase money
Maximum 35% housing debt ratio and 45% total debt to income ratio
No Interest Only option available for loan amounts > $900,000
Use our/your own appraiser
· Down payment for purchase money must be borrowers own money, 60 days seasoned
Minimum $250,000 cash reserve requirements on loans > $1,000,000
· Minimum reserve requirement on loans must be verified in addition to any cash to close on purchases
Maximum $1,500,000 combined lien exposure on subject property
Most states 90% financing available |
|
|
|
STATED
INCOME HOME
LOANS ARE
STILL
AVAILABLE
This loan
program -
San Diego,
Orange,
Santa
Barbara and
LA Counties
Only!!!
Loan amounts
from
$250,000 to
$1,000,000
Terms
available -
3/1, 5/1,
7/1, 15/15
and 30/30
Occupancy
Owner and
Non Owner
Occupied
Purchase:
75%
Financing
available
Refinance:
65% Max
Cash Out
available
700 Fico
Must show
max
40% DTI Debt
To Income
Ratio
FOREIGN
NATIONALS
PURCHASES
2ND
Homes 70
75%
Loans of
$1,000,000
to
$3,000,000
will be
considered
on case by
case basis
to 70%
financing of
purchase
price.
Reserves are
required.
02/02/2010
|
|
|
Manual
Underwriting
Loan
Programs
-
Submit
your
application
for 48
hour approvals!
-
Competitive
rates
-
Conforming, Jumbo
Conforming,
FHA loan
programs
-
Full and
Lite Doc
income
documentation
programs
-
Up to
64.9%
Debt to
Income
ratio
Available
-
Manual
underwriting
available
-
1 day
off MLS,
cash out
OK
-
Non
warrantable
condos
ok
-
Ok to
double
app and
close/fund
before
the
other
lender has
your
approval!
This
progr`am
available in te following
states:
AZ,CA,CT,CO,FL,HI,ID,IL,IN,MD,MI,MN,MO,NM,NC,NV,OK,OR,SC,SD,TX,UT,VA,WA
|
|
|
Loan Amounts
To 5 Million
Guidelines/Matrix
--
Exceptions
Are
Available
For
Higher
Loan Amounts
--
Owner Occupied
Purchase &
Rate/Term
Max Loan
Amounts |
LTV/CLTV% |
720 Fico |
| $800,000 |
80%/80% |
720 Fico |
| $1,500,000 |
75%/75% |
720 Fico |
| $2,500,000 |
70%/70% |
720 Fico |
| $3,500,000 |
65%/65% |
720 Fico |
| $5,000,000 |
60%/60% |
720 Fico |
Owner Occupied
Cash Out
| Max Loan Amounts |
LTV/CLTV |
Min Fico |
| $1,500,000 |
65/65 |
720 Fico |
| $2,000,000 |
60/60 |
720 Fico |
| $2,500,000 |
55/55 |
720Fico |
Second Home
Purchase &
R/T
| Max Loan Amounts |
LTV/CLTV |
Min Fico |
| $1,100,000 |
75%/75% |
720 Fico |
| $1,500,000 |
70%/70% |
720 Fico |
| $2,000,000 |
65%/65% |
720 Fico |
RATES - No
Add Ons
No Add Ons
For Loan
Amount, LTV,
Second Home,
Cash Out, Or
Fico
Available
terms -
1 Year ARM,
3 Year ARM,
5Year ARM,
30 Year
FIXED and 15
Year FIXD
Loan Amount
Exceptions
Are Common
Niches...
-
Lower
fico
requirements
than
most -
exceptions
common.
-
No rate
or price
adjustments
for 2nd
home,
cash
out,
LTV,
etc...
-
Paying
down
debts to
qualify
is okay
on cash
out
refi's.
-
Just
outside
of
guidelines
- No
problem
- We
grant
exceptions!
-
No
equity
requirement
to
convert
current primary
to
rental
when
purchasing
a new
primary.
-
Non-Occupant
Co-Borrowers
- Okay
-
Silent
Seconds from
Hospitals are
okay
-
Gift
funds
okay
-
Unique
properties
not
fannie
mae
approved
- we'll
look at
them!
-
No
multi-unit
condos
or high
rise
condos
Underwriting
-
42 Max
DTI
(flexible
if file
is
strong)
-
6 months
PITI
Cash
Reserves
required.
-
Full doc
only.
-
Gift
funds
allowed.
-
California
properties
only.
-
No
condos
-
Primary
or
second
homes
only, no
investment
properties.
-
Borrowers
can have
more
than 4
financed
properties.
-
Non
occupant
co-borrowers
are
okay,
family
only. We
use
blended
ratios.
-
Silent
seconds
are
permitted for
Doctors
-
We don't
have any
equity
requirements
when
converting
a
current
primary
home
into a
rental
when
buying a
new
home.
-
We do
not have
a
restriction
on # of
properties
owned,
however,
they can
not use
the
income
from the
properties
to
qualify,
they
must
qualify
using
their
primary
job
only. No
real
estate
investors
at this
time.
-
Full
package
is
required
(Income
& Assets
must be
in the
file)
Turn
Times Are
Typically 2-3 Business
Days
|
|
Credit Facility,
Bridge and Rehab
Portfolio Lender
Loans for our 3
main programs
(secondary and
investment
properties
only):
This loan program is
AZ, CA and NV
only
|
BRIDGE
No Fico
Required |
REHAB No
Fico
Required |
Credit
Facility
Notes &
REO
Acquisitions |
|
Terms:
up to 24
months
Min/Max
Loan
Amounts:
$100,000
-
$15,000,000
Must
have
clean
exit
strategy |
Terms:
up to 18
months
Min/Max
Loan
Amounts:
$100,000
-
$5,000,000
Must
provide
cost
breakdown |
Terms:
up to 12
months
Min/Max:
$500,000 -
$100,000,000
True
revolving
credit
facility |
Bridge & Rehab
No Fico Program
Highlights
1st
and 2nd
Trust Deeds or
Cross-Collateralization
(Multi-State
Available) up to
65%
LTV/CLTV
with no
prepayment
penalty.
Loans are
typically up to
a 1-Year Term
Interest-Only
payment that
adjusts monthly
over the index,
but longer terms
and fixed rates
are available
upon request.
Programs are
available for
Multi-Family
(stabilized/unstabilized),
Mixed Use,
Office, Retail,
Industrial,
Light Industrial
and
Single-Family
Residence as a
second home or
investment (no
owner-occupied).
Credit Facility
for
Non-Performing
Notes and REO
Acquisitions
Program
Highlights
Revolving Credit
Facility
designed for the
acquisition of
Notes
(performing &
non-performing)
as well as REOs
(bank-owned real
estate).
Interest is paid
on the
outstanding
principal
balance which
can fluctuate
daily.
Consider it a
credit card for
your next Note
or REO
Acquisition from
the bank.
This product is
Available for
Individuals,
Corporations and
Trusts
Less Than
Perfect Credit
Score OK Our
focus is on the
exit strategy
and ability to
repay
Closings as
quickly as 3
Days
Other Services
Provided
Include:
-
Trading and
Portfolio
Advisory
Service Desk
Increase
your success
by
partnering
with
Bridgelock
Capital to
help enhance
your bid
credibility,
leveraging
our analysis
and due
diligence
experience
and
obtaining
access to
our
nationwide
network of
vendors.
-
Default Loan
Servicing
BLC
Servicing
specializes
in curing
problematic
loans and
offering
foreclosure
prevention
counseling
and support
services to
our
delinquent
borrowers
while
keeping our
investors
informed
through-out
the
hands-on
process
-
Loan
Workouts,
Modifications,
Short Sales
and REO
Advisory
Services
Whether you
are
currently
using BLC
Servicing or
just need
help with
your
existing
portfolio,
we are here
to assist
you.
We offer a
true
turn-key
operation to
aid you in
managing
your
non-performing
portfolio.
Special notes
This lender
provides fast,
flexible,
asset-based
lending for
borrowers and/or
properties that
do not meet
conventional
underwriting
guidelines.
This program is
known for our
ability to
provide complex
financial
solutions that
banks and other
portfolio
lenders are
unable to offer.
This resource
is a
multifaceted
business partner
for Banks,
Mortgage
Brokers,
Mortgage
Bankers, Hedge
Funds, Private
Investors,
Realtors and
General
Contractors.
We see this
recent credit
crisis as a time
to show our
strength and
stability as a
direct portfolio
lender as well
as a time to
foster existing
and new
relationships.
|
|
|
No Asset Jumbo Loan - No Reserves
Required
Full income documentation up to
$4,000,000
Up to $850,000k to 75%LTV
Financing
650 fico Credit Score for wage
earner (w-2 employees) and
700 fico Credit Score for self
employed borrower
No limit on properties owned
Non warrantable condos ok
No asset verification. No vod or
bank statements
No seasoning on refinance
3/1, 5/1, 7/1 and 10/1 ARM's
available
|
|
Construction for
California. Verification of
Employment to 90% LTV Financing
for loans to 3 million. Great
noo product for investors no
max on properties owned!!!
Fixed, 3/1 and
5/1 rates available fico needs
to be 720.
Eligible Properties:
To-be-built or substantial
rehabilitation projects that are
being refinanced or acquired
Nursing Homes, Intermediate
Care Facilities and Assisted
Living Facilities
Eligible Borrowers:
Profit motivated and
non-profit entities
Interest Rate:
Low fixed rate established by
market; spread over the 10-year
Treasury
Term(s):
Up to a 40-year permanent loan
plus construction period
Prepayment:
Negotiable, depending on
market conditions
No yield maintenance
Loan Amount(s):
$3,000,000 - $100,000,000+
Mortgage Loan Limitations:
The maximum insured mortgage
will be the lesser of:
The amount that can be
supported with debt service
calculated at 90% of the
remaining net
annual operating income, after
an allowance for proprietary
income (95% for non-profits),
or;
90% of the estimated eligible
replacement cost, including
major movable equipment, subject
to cost certification, (95%
LTV for non-profits) or;
90% of value upon completion
(95% for non-profits)
(For substantial
rehabilitation subject to
existing mortgage) 100% LTV of
the estimated cost of
rehabilitation plus the lesser
of (a) existing secured
indebtedness, or (b) 90% of
estimated fair
market (as-is) value prior to
rehabilitation (95% for
non-profits)
Mortgage Insurance Premium:
0.57% annually, 0.45% with
LIHTCs
Other Program Features:
Debt is non-recourse including
during the construction period
without carve-outs to the
sponsor
Fully assumable with prior FHA
approval
FHA insurance provides credit
enhancement for tax-exempt
financing
|
|
|
SAME DAY DU APPROVALS
NEW LOAN LIMITS AVAILABLE
580 FICO OK
FUND YOUR NEW FHA LOAN IN AS LITTLE
AS 15 DAYS
COMMERCIAL
OFFICE BUILDINGS
CHURCHES
CONVENIENCE STORES
5 UNITS AND ABOVE
LETTER OF INTENTS WITHIN 48 HOURS
HARD MONEY
1st ST TRUST DEEDS
HELOC 1ST POSITION CLTV (NO FICO)
RESIDENTIAL, INDUSTRIAL, APARTMENTS,
CHURCHES, SCHOOLS
RATES: 8.99% - 15%
LTV-UP TO 60%
NO FICO REQUIREMENTS
STATED INCOME OK
BK, NOD, FORECLOSURE OK
72 HOUR TO FINAL CLOSING DOCS!
|
|
|
HARDMONEY (Private Money)
Property types: Commercial,
Industrial, Apartments, Residential,
Churches, Schools, Special Purpose
Property and entitled and zoned land.
Property can be completed or properties
needing construction financing
Loan sizes: $1mil - $15mil (NOTE:
Can do smaller loans, but prefer to stay
above $500K)
States served on this product:
CA, FL, NY, HI, TX, WA, OR, CO, UT
Trust Deed
position: 1st (with exception of
California and Hawaii - can do 2nd TD's
- NOTE: Intercreditor Agreement required
for 2nd TD's)
Rates: 9% - 16%, 2 points - 7
points.
Term: 12 months - 30 months
CONVENTIONAL (Bank Financing):
Property Types: Commercial,
Industrial, Apartments, Residential,
Schools, Special Purpose.
Loan sizes: $500K - $30 million
States served: All 50 States
Trust Deed position: 1st only
Rates: Extremely competitive,
5,7,10 YR
IO's and 30 year terms (Example:
Doing a 5 yr presently at 6.35% for a
warehouse in FL.
Term: 20 - 30 yr
FHA (HUD Financing):
Property Types: Multifamily
(apartment), Healthcare (Hospitals,
Assisted Living, Independent Care,
Nursing homes, Retirement Homes etc)
Loan sizes: $3mil - $100 million+
States served: All 50 States
Trust Deed position: 1st only
Rates: Extremely competitive, 5,
7, 10, 15, 20, 25, 30 yr fixed terms.
Term: 20 - 40 yrs
|
|
|
Non Owner Occupied Stated
Income for San Diego CA, Los Angeles CA,
Orange and San Bernardino Counties
New
SIVA
investor for
NOO
/ Non Owner Occupied market.
For San Diego-Orange-LA and
Santa Barbara Counties
No
Limit to amount of properties owned
· Title in LLC, LLP,
Corporation or
Partnership
OK
· Title in Irrevocable, Blind or
revocable Trust OK
· SIVA programs available
· We offer you Good Rates for
Non-Owner with no adds to fee
Arm and Fixed rates available
LTV's for
NOO
SFR Purchase/rate and term
| Full Doc |
SIVA |
Loan Amount |
| 65% |
55% |
$1,500,000 |
| 60% |
50% |
$2,000,000 |
| 50% |
45% |
$3,000,000 |
1-4 Units OK
Cash Out
Available
Interest
Only Available
Pre Payment
Penalty Available for better pricing
|
|
|
|
Full Doc Jumbo Loan All 50 States
Primary
and 2nd homes
Loan
amounts to $850,000 to 70% LTV financing
Loan
amounts to $1,500,000 to 65% LTV financing
Loan
amounts to $2,000,000 to 60% LTV financing
Loan
amounts to $3,000,000 to 50% LTV financing
Condos OK
650
minimum fico score for primary residence
680
minimum fico score for second homes
No
reserve requirement - assets not stated or verified
no
seasoning requirement for source of down payment
Gift funds OK
Unlimited
cash out and no cash out price adjustment
no
seasoning requirement on a refinance
Use new
appraisal even with cash out
No
escrow/impound account required no waiver fee
No limit
on number of financed properties good for investors
Non
warranted condos OK
HOA
questionnaire never required for this program
1 day on
the job OK
|
|
|
Please be aware that the following information is
changing constantly due to market conditions and
availability of funds
Recent rates from our lending operations:
We are
institutional and private lenders that specialize in
residential loan programs. We are direct lenders with
the lending license and, under the mortgage banking
operations, most of our lending in done through an
in-house process, and operate throughout the USA.. NOTE:
Most of our loans do not carry any prepayment
penalty.
"No document", or
DO NOT have to show income or assets
Credit Score of 720 or higher:
*Current rates are just a little higher than
conventional pricing
Loan for up to 80% on
1st loan (possibly 3-5 years ARM)
Maximum loan amount is
$417K , Fico must be 720 or better and DTI better than
45% - ask for more info.
"Full document" or
showing verification of income or assets
* Loan
for up to 80% on 1st loan (possibly 2-5 years ARM) / 17%
on 2nd loan = 97% for total loan amount, depending on
the location.
* DTI
as high as 55%
* 3-6 months of
cash reserves (or liquid assets) account for the new
monthly payments.
Credit Score of 679
or lower:
*
Loan up to 80% on 1st loan
*Total loan can vary, but often below $700,000 |
|
|
Your leader in residential and Commercial financing.
Funding for all residential structures within the United States
First Time Homebuyer
Speak with professionals that provide guidance
Find answers to your questions
$1,700,000
max loan amount
Determine what you can afford
Receive the advice you've been looking for
|
|
|
Seasoned Investor
Experience the power of BrokerMortgages.com
Financing for luxury homes to multi-unit dwellings
Investment property planning with our professionals
Obtain the best rates and terms
No Maximum
Properties Owned
|
|
|
Real Estate Developer
Funding through all stages of real estate development
From raw land through vertical completion
Residential, Commercial and Industrial projects accepted
Conventional and Unconventional lending sources
|
|
|
COMMERCIAL LOANS
Funding for all commercial structures within the United States
A New Level of Professional
Small Commercial Mortgages
$42,000,000 Max Loan Amount
A lender who caters to the small business owner
Quick commitment and closing
Nationwide funding to accommodate all markets
SBA loan financing available
|
|
|
Multifamily, NNN Retail and Commercial Properties
Commercial Property mortgages for conventional and unconventional
projects
Potential for assumable and non-recourse financing
30 year terms available
Advice from professionals who know
|
|
|
Unique situations
Our database of thousands of lending sources provide solutions to
difficult finance scenarios
Land, Buildings and projects considered
Bridge financing available
|
|
|
SPECIALTY FINANCING
Special situations require specialty financing
Land Loans
Bare land loans with flexible rates and terms
Long term fixed and variable rate financing
Purchase, refinance, and cash-out loans
Our loan products can meet almost any need
|
|
|
Farm, Ranch, and Rural Home Loans
Providing financing for full and part-time farmers
Personalized service and attention to detail
Specializing in all rural financing
Committed to providing the best products for rural property
|
|
|
Bridge and Hard Money Loans
A lender committed to providing gap financing solutions
1st and 2nd Loan Packages
Cross collateralization facilitating larger loan sizes
Fast underwriting decisions and funding
|
|
|
Unconventional Loans
Arranging financing for unusual projects and collateral
We finance churches, schools, marinas, casinos,
air craft, ships, movies, television pilots and other unusual
projects
Let our creative structuring be your asset
|
|
|
Land Loans
Bare land loans with flexible rates and terms
Long term fixed and variable rate financing
Purchase, refinance, and cash-out loans
Our loan products can meet almost any need
|
|
|
Farm, Ranch, and Rural
Providing financing for full and part-time farmers
Personalized service and attention to detail
Specializing in all rural financing
Committed to providing the best products for rural property
|
|
|
Bridge and Hard Money Options
A lender committed to providing gap financing solutions
1st and 2nd Loan Packages
Cross collateralization facilitating larger loan sizes
Fast underwriting decisions and funding
|
|
|
Private Seconds
CA AZ NV and OR
No Fico/credit score
requirement, any Fico OK!
· Financing up to 60%,
70% exceptions Combined Loan To Value.
· Stated Income / Stated
assets, V V O E - Verbal Verification of Employment
· NOD - Notice of Default
OK
NOS - Notice of
Sale OK
· Max loan amount
$250,000.
· 80% available draw day
of closing. Remaining balance available in 30 days.
· 2 - 6 months reserves -
Underwriters discretion.
· NO Prepayment penalty.
Property Types:
SFR - Single Family Residence
Condos
PUD's
2-4 Units.
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CONDOTEL MATRIX AND GUIDELINES
STATED INCOME AVAILABLE
100% OF DEVELOPMENT PURCHASE ONLY
6-12 MO Principle Ins.Tax Insurance AFTER DOWN PAYMENT
SIVA AND
SISA
2ND
HOMES
70%LTV MAX FINANCING FOR CONDOTEL
680 MIN
FICO
AND NO PRE PAYMENT PENALTY
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We can do a
reverse mortgage
as a purchase!
Must be 62
years of age or
older to
qualify.
Owner occupied.
Employment not
needed.
No assets.
Credit score
is not required
and senior can
have current
mortgage lates.
No income to
qualify.
No monthly
mortgage payment
for the senior
after the home
is purchased.
The reverse
mortgage is not
due unless the
homeowner moves
out permanently,
sells the home
or passes away.
A reverse
mortgage can not
go into
foreclosure as
long as the
senior lives in
the home,
considered
non-recourse
loan.
Over 20 years of experience in doing
Reverse Mortgages.
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95% LTV Financing
in Declining Market
SFR
1 - 2 units OK
620 credit score OK
Purchase or rate and term
refinance
Arm and fixed rates available
-334569-
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Jumbo Loan Private Hard
Money Program
-
Just
Funded: $980,000 1st TD, $1,100,000 1st TD, $700,000 1st
TD, $150,000 2nd HELOC, $250,000 2nd HELOC, $185,000 2nd HELOC,
$145,000 2nd HELOC, $300,000 HELOC
-
All
Property
Types
(Except Land & Manufactured Homes)
-
1st
Trust Deeds
Available
-
2nd
Trust Deed HELOC's from $100k
- $10M
-
Bridge Loans
-
Current
NOD /
NOS = OK
-
Current
Bankruptcy = OK
-
Mortgage Lates
= OK
-
Low
Fico Scores
= OK
-
Quick Funding
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2nd Mortgage / HELOC product,
California & Texas
only
-
Max line -
$350,000
-
Max LTV 75%
-
Min FICO 650
-
Primary
residence
only
-
Fixed rate
available
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680+ Credit Scores Can Get You
$900,000 Cash Out
Use YOUR OWN Appraiser
Loan Terms Availalable
1 year ARM available, I/O (interest only) available
3 year ARM available, I/O (interest only) available
5 year ARM available, I/O (interest only) available
7
year ARM available, I/O (interest only) available
5 year ARM available, I/O (interest only) available
10 year ARM available, I/O (interest only) available
15 &
30 Year Fixed too!
-
No Add to
Rate or Fee for CASH OUT!
-
DECLINING
Market Okay!
-
No
MLS seasoning requirement (multiple listing service), OK!
-
No price add
to Waive/Elect Impounds
-
Credit
decisions in less than 24 hours
-
Special low
pricing for Loan Amounts < $750k
-
Quick to
close
-
No MI
(mortgage insurance)--Ever! We are in 45+ states, some states going to 90%!
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MEXICO: Commercial ONLY
. This can be better than financing abroad and the borrowers can be
from anywhere. They dont need to be from U.S.
Commercial
properties, including land developments
Up to 50% gross
loan of the CBRE
180 day as-is
value, no
future.
1 year term,
with one year
extension
Term - 12 months
interest only
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Residential full doc to 95% Financing stated to 80%
Financing
We do
all 50 states
Loans
to $ 100 Mil -100,000,000
Min
loan $250,000 - Stated Income Verified Assets
A,
alt-a and sub prime, hard money
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CONDOTEL Nevada will vary and
Foreign Nationals
100% OF
DEVELOPMENT PURCHASE ONLY
6-12 MO
PRINCIPLE-INTEREST-TAX-INS. AFTER DOWN PAYMENT
SIVA (stated
income verified assets) AND
SISA (stated
income stated assets)
2ND HOMES
70%
financing for
condotels
680 Minimum FICO
and No Pre Payment Penalty
Full Doc and
Stated Income available
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Hard Money
This program is an asset-based lending for borrowers or properties
that do not fit or qualify for any other underwriting guidelines.
Whether you need to go stated Income, are currently with in
foreclosure, currently in bankruptcy or past bankruptcies, or in
probate, we have these types of financial solutions for both
residential and commercial properties.
Contact a representative today at 877.908.2100
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Condotel
Programs
We are
now doing Condotels to 90% LTV. Max Loan Amount $750,000 -
exceptions made on case by case basis. Stated income
available. Primary and 2nd Home and non owner occupied / investment
property. Fixed and ARM products available.
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Unconventional
Jumbo Loans
-
3 & 5 Year Interest Only / Amortized Portfolio loans to a loan
amount max of $2,500,000. These qualify on the Interest
Only payment and are one of best selling product lines because
of our portfolio niches.
-
6 Month Libor and COFI that have an Interest Only payment that
adjusts every 6 months. Very Low payment with no negative
amortization.
-
30 Year conforming fixed rates ( loan amount max $ 417k ). 15
Year, 10 Year, 20 Year, and 40 Year fixed amortized loans that
are all D/U underwritten. Also includes a 10 Year I/O for
conforming.
-
Jumbo Loan Conforming fixed 30 & 15 year
-
Conforming 3 Year and 5 Year fixed/amortized D/U underwritten
products. This page also includes a conforming 5
Year Interest only Libor product.
-
1 Year fixed Interest Only / Amortized Portfolio loans that have
a 5 Year Interest Only payment that adjust every year on CMT and
margin. Loan amount max is $2,500,000 and this product may
have a lower 2nd year payment.
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THE RIGHT NICHES AT THE RIGHT TIME!
-
We're still doing loans in declining markets,
while other lenders have left the state!!!
-
Super competitive I/Os. Awesome fixed rates, and
still offering Option ARMS/Hybrids.
-
We
qualify debt ratio on the Interest Only payment,
not the fully amortized payment!
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LOAN AMOUNTS TO $ 3 MILLION!!!
-
Only 1 appraisal required for loan amounts to $ 3
Million.
-
Up to 45% DTI allowed on owner occupied
properties 80% ltv and below with 680 fico
-
2x30 Mortgage lates allowed in the last 24
months, 0x30 in the last 12 months.
-
12 months bank statements as Full documentation
for self employed borrowers.
-
For Asset verification on Full Doc, we only
require 2 Months bank statements to verify 2-4 months PITI,
principle, tax and ins.
-
Gift equity allowed for full doc purchases ( NO
MONEY DOWN )
-
Permanent Financing out of Construction loans
considered a rate & term and not cash out!!!
-
Full Doc on 1-4 Units Investment properties to
70%. No limit on amount of properties
FINANCED by 1 investor.
-
Borrowers can finance up to a total of 4
properties with Downey or up to $ 2 Million total in loans. (
ask for more details )
-
No Seasoning required for R/T refinances, one day
on title, one day out of purchase. WE TAKE CURRENT APPRAISED
VALUE!!!
-
Payoff of seasoned 2nd TD considered R/T (must be
12 months old, draws with the last 12 months okay)
-
Non-occupying co borrowers can help you
qualify (blend ratios)
-
Non-Applicant spouse income can help you qualify
regardless of their fico score
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