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MORTGAGE BROKER PROGRAM

We offer a Mortgage Broker Program designed to help you close loans!

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Our process is fast, simple and efficient, we keep you in the loop from start to finish. We provide you with a document list and updates untill closing.  Brokers are paid on HUD, contact us for our broker product matrix and sign up agreement.

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Please email us scenarios for preliminary approval and pricing.

Initial Info Needed for a Rehab Loan quote:

  • Address

  • Purchase price

  • Rehab amount

  • After repair value

  • FICO score

  • Cash on hand including IRA or 401k funds

  • Number of investment properties purchased and/or rehabs completed during the last 3 yrs?

 

Initial Info Needed for a bridge or 30yr Fixed Loan quote:

  • ​Address

  • Purchase price or value

  • Date Purchased (if refi)

  • Original Purchase price (if Refi)

  • FICO score

  • Actual rents per unit

  • Market rent if not leased

  • Taxes

  • Ins cost

  • HOA

  • Flood Ins Cost

 

Summary of our avialable programs: 

 

Purchase and Rehab Fix and Flip (12-18 months):
Loan Amount: $75k-$3M
LTV of Purchase price: up to 75% for new investors or 90% LTV for experienced investors
LTC of Rehab amount: 100%
Max Loan to ARV:  up to 75%
Minimum As-Is Appraised Value: $50k
Collateral: 1-4 Family Residential Properties, Condos or Townhomes
Term: 12-18 months
Rate: Starting at 10.99%
Points: Vary based on loan amount
Credit Score: 650 Minimum

No pre-payment penalty
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Bridge Loan (18 month):
Loan Amount: $50k-$3M
Minimum As-Is Appraised Value: $50k
LTV of Purchase price: up to 75%
LTV Refinance : up to 70%
LTV Refinance cash out: up to 65%
Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes
Term: 12-18 months 
No Pre-Payment Penalty
Rate: Starting at 10.99%
Points: Vary based on loan amount
Credit Score: 650 Minimum
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Long-Term Rental Loan (30yr Fixed Rate):
Loan Amount: $75k-$3M
Minimum As-Is Appraised Value: $100k
Collateral: 1-4 Family Residential Properties, Condos or Townhomes
Term: 30 Years, Fully Amortized
Purchase: Up to 80% LTV
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 75% of the As-Is Value
Vacation Rental Properties (STR AirBNB allowed)
Portfolio Loans for: 2+ Properties (Average property value $100k)
Rate: Starting at 6.49%
Points: Vary based on loan amount
Credit Score: 680 Minimum
Term: 30yr Fixed, 5/1, 7/1, 10/1 ARM and Interest only options
Prepayment Penalty: 1yr to 5yr Year declining options (5,4,3,2,1%)
Borrower Liquidity: 9 Months of PITIA Reserves
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Commercial Apartments or Mixed Use Purchase and Rehab (12-18 months):
Loan Amount: $250k-$5M
LTV of Purchase price: up to 80%
LTC of Rehab amount: 100%
Max Loan to ARV:  up to 70%
Minimum As-Is Appraised Value: $250k
Collateral: Commercial apartments 5+, Mixed use with Apartments or Conversions
Term: 12-18 months
Rate: Starting at 10.99%
Points: Vary based on loan amount
Credit Score: 680 Minimum
No pre-payment penalty
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Commercial Apartments 5-9 Units (30 yr Fixed):
Loan Amount: $250k-$5M
LTV of Purchase price: up to 67.5%
LTV Rate and Term refinance: up to 65%
LTV Cash out Refinance: up to 60%
Minimum As-Is Appraised Value: $250k
Collateral: Commercial apartments 5-9 units
Rate: Starting at 7.25%
Points: Vary based on loan amount
Term: 30yr Fixed, 5/1, 7/1, 10/1 ARM and Interest only options
Credit Score: 680 Minimum
Prepayment Penalty: 1yr to 5yr Year declining options (5,4,3,2,1%)

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Available in ALL STATES except: AK, MN, NV, ND, SD, VT (AZ, CA, OR require Broker License)

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