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Introducing the Non-QM Investor Program

Introducing the Non-QM Investor Program

If you own an investment property or you are looking to purchase an investment property and you also cannot verify or show your income, we are introducing a mortgage program that fits perfectly. Its NON-QM loan meaning, not a qualified mortgage which is subject to different pricing and different guidelines. This particular program is only intended for investment properties, NO primary residences are allowed under this No income No asset program. Below is a quick snapshot of what this program is capable of.

  • 640 Min FICO
  • NO INCOME / NO ASSET (Credit and Collateral Loan only)
  • N/O/O (Non-Owner Occupied) Properties only
  • $2,000,000 max loan amounts
  • 75% max LTV
  • No Reserves Required
  • No Prepayment Penalty
  • SFR ( single family residence), Condos, and 2 – 4 units Allowed
  • 2 – 4 Units (5% LTV reduction)
  • 2 – 4 Units max 70% Cash Out
  • CLOSE IN LLC, Partnership or Corporation Name
  • No DSCR – No Debt Service Coverage Ratio
  • 1x30 Mtg lates in last 12 months on Primary
  • 1x60 Mtg lates in the last 12 months on other Properties
  • 6 months Seller Seasoning required
  • Interest Only Option Available!
  • Purchase 75% max LTV
  • R/T ( rate and term) REFI 75% max LTV
  • C/O ( cash-out )70% max LTV
    • Cash Back up to $250,000 70% max LTV
    • Cash Back $250k – $500k 65% max LTV
  • 2 Yrs BK Seasoning
  • 2 Yrs FC Seasoning
  • 2 Yrs Shortsale / DIL Seasoning
  • 3 Tradelines for 12 months + or 2 Tradelines for 24 months +
  • 1 Appraisal up to $1,000,000 loan amount
  • 2 Appraisals $1,000,000 – $2,000,0000 loan amount
  • 3/1 Arm and 7/1 Arm only
  • 7/1 Arm Interest Only Option Available

To learn more about his program please contact our office.

Contact us today for a FREE consultation at (800) 535-0270 or email us here.

*This product is not regulated by the New York State Department of Financial Services

Stated Income Loans

Stated Income Loans

As a mortgage broker that knows stated income loans we specialize in the self-employed borrower who is looking for financing. Below you will see guidelines for our stated income loans.

Our Programs:

  • Up to 75% LTV
  • Credit: 650+
  • 30 yr Amortization
  • No income verification
  • No Tax Returns
  • No Pay Stubs
  • No seasoning
  • No verification of Funds
  • Unlimited Cash Out
  • From $100k to $5 Million

Our primary focus is in the quality of loan structuring to avoid the uphill battle of endless documentation needed to satisfy traditional and extra conservative conforming underwriting.

Our specialty:

  • Investment SFR 1-4 Units Multi-Family, (Primary allowed only in NY state)
  • Commercial Mixed Use or Office
  • Retail Warehouse
  • Self-Storage
  • Auto Service

Contact us today for a FREE consultation at (800) 535-0270 or email us here.

*This product is not regulated by the New York State Department of Financial Services

Is Hard Money Dead?

Is Hard Money Dead?

Gone are the days of waiting for private investors to potentially lend you money. Here are the days of truly institutionalized and easy to use hard money product. We highly encourage all to reach out to one of our friendly mortgage consultants here at MortgageDepot. Let or team of professionals educate you on how we can bring a cheaper long term or short term financing alternatives to you that either can’t qualify or don’t want to wait around to qualify for bank financing for your investment properties. CALL TODAY 800-535-0270. Some bullet points on our new product are below.

  • RATES AS LOW AS 6.75%!!!!
  • All loans are “NIS/NIV” NO INCOME STATED/ NO INCOME VERIFIED!
  • UP TO 80% LTV!!!
  • NOW LENDING IN THE FOLLOWING STATES:  AL, AZ, CA, CO, CT, FL, GA, HI, ID, IL, KS, KY, LA, MA, MD ,ME, MO, MS, MT, NC, NH, NE, NJ, NM, NY, OK, OR, SC, TN, TX, UT, VA, WA, WI, WV, WY
  • Purchase and cash out transactions available.
  • NO SOURCING OR SEASONING OF THE DOWN PAYMENT WHATSO EVER!!
  • FAST CLOSING are an everyday occurrence. Typical closing times less than 2 weeks with ability to close in 4-5 days!
  • SFR, Condos, Townhomes and 2-4 units.
  • 5+units(multifamily), Mixed use, Office and Retail.
  • 3/27, 5/25 and 7/23 long term products available.
  • 6, 12, 24, 36 and 60 month short term bridge products available.
  • Easy to understand and simple underwriting guidelines!

We look forward to speaking with you!

Contact us today for a FREE consultation at (800) 535-0270 or email us here.

*This product is not regulated by the New York State Department of Financial Services

Stated Income Owner-Occupied for Commercial Properties

Stated Income Owner-Occupied for Commercial Properties

As we continue to build our business relationship with our clients, we are excited to announce our new Stated Program for owner-occupied commercial properties ONLY.

Below please find our minimum eligibility for you to send in your deals for review.

If the deal is a good fit, we will issues a LETTER OF INTENT to outline the basic structure of the proposed loan within 24-48 hours.

Eligibility

  • Minimum middle Fico score of 700

(if multiple guarantors, all other borrowers/guarantors must have a minimum of 650)

  • Business must be in existence for 5 years (on subject property)
  • Experian Business Score:
  1. a) Minimum Intelliscore Plus of 41
  2. b) Minimum Financial Stability of 50
  • Minimum DSCR of 1.10x
  • 80% Occupancy Required over 90 day trailing
  • 6 months reserves
  • Net Worth requirement on loan amounts exceeding 1M

Benefits:

  • No Personal or Business Tax Returns
  • No Business Financial Statements
  • Up to 75% LTV (depending on credit score)
  • 250K To 2M Loan Amount

Contact us today for a FREE consultation at (800) 535-0270 or email us by clicking here.

Stated Income Loans Nationwide

Stated Income Loans Nationwide

We are a mortgage broker that specializes in 1-4 unit investment and commercial properties.  With just a minimum mid credit score of 650, you can get up to 75% LTV max with absolutely no personal income verified. We are between the institutional bank and hard money financing.  We offer a more cost effective financing solution versus traditional hard money.

  • Quick closings
  • 3 or 8-year ARMs available with rates starting around 7.50%.
  • 30 year fully amortized loans
  • W-2 or self-employed
  • Rebate pricing
  • Seller seconds and gift funds allowed on purchases
  • Non-seasoned funds for purchases are ok.
  • No debt service requirements on 1-4 family investment properties
  • No debt service requirements on traditional commercial loans under $500,0000.

Please let us know how we can help you.

Contact us today for a FREE consultation at (800) 535-0270 or email us here.

Stated Income Loans to 620 score

Stated Income Loans to 620 score

We now offer a solution for your borrowers with less than perfect credit on multifamily, mixed-use, warehouse, office, retail and automotive properties.

We will go down to a 620 credit score and a maximum LTV of 50%.

  1. Bk discharge 1 day – OK
  2. No active FC or NOD on subject property
  3. Derogatory mortgage history reported on credit – OK
  4. Source of funds to close required but not seasoning
  5. Other people on title in the past 6 months do we need their credit, No
  6. DCR requirement when loan amount > 500k – Yes
  7. Federal tax liens on credit report must be paid unless confirmed payment plan
  8. Vacant refinance not eligible
  9. 80% CLTV max

We offer a quick closing with limited documentation.

Contact us today for a FREE consultation at (800) 535-0270 

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