Qualified individuals have access to 10 conventional loan spots. After you exhaust those 10, we have an additional unlimited number of loan spots under our Specialty NON-QM products.

Conventionally-speaking, rates will be less than, say, on a specialty loan product. Keep in mind that there are a variety of variables that factor into the interest rate you secure. Factors include credit score, loan size, LTV (loan to value), property type, occupancy and so on. Check with us for today’s rates. 

Yes. There are two types of investment cash-out refinances — standard and delayed — and the rules are different for both. A quick call with us can clear up any questions you might have about either.

Yes, we do loans for primary residences, FHA, VA, USDA — and we offer a variety of Specialty (aka NON-QM) loans.

Yes, HELOCs are considered sourced and seasoned funds.

The answer to this largely depends on you and how quickly you can provide the necessary documentation. We set a typical expectation to close at 20-45 days post prequalification. There are several factors that play into a longer close time, but, most commonly, a property’s construction completion and appraisal turn times are the factors that cause delays.

120 days.

Yes, and depending on how many properties you have, those reserves' requirements change.

Conventional loans do not have prepayment penalties, but some of our specialty products will.

The down payment for an investment property must be in liquid form (checking/savings/money market accounts) and must be sourced and seasoned, meaning that we must be able to paper trail any large deposit as having originated with you. A minimum of 60 days is required for seasoning of funds.

For a conventional mortgage, the answer is no, as you must close in your individual name. Our specialty loan products do allow the individual to close title in the LLC, but the loan itself will still be secured by the individual.

A mortgage loan in which the interest rate is adjusted periodically based on a pre-selected index.

A gradual repayment of a debt by periodic installments.

An opinion of a property’s fair market value based on an appraiser’s knowledge, experience and analysis of the property in consideration of recent sales that were comparable.

A report documenting the credit history, score and current status of a borrower’s credit standing.

An organization that gathers, records, updates and stores financial and public records information about the payment records of individuals who are being considered for credit. Examples: Equifax, TransUnion, Experian.

The ratio, expressed as a percentage, which results when a borrower’s monthly payment obligation on long-term debts is divided by his or her gross monthly income.

Money paid to make up the difference between the purchase price and the mortgage amount.

Money given by a buyer to a seller as part of the purchase price to bind a transaction or assured payment.

An account held by the lender into which the homebuyer pays monthly for tax or insurance payments along with their principal and interest. 

A form of insurance in which the insurance company protects the insured from specified losses, such as fire, windstorm, etc. Also known as homeowners insurance.

The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage.

The fee charged by a lender to process, underwrite, close, fund and package the mortgages it plans to deliver to the secondary mortgage market; usually computed as a percentage of the amount of the loan being secured.

A commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate. The rate lock may include lender costs for a specified period of time to guarantee the rate.

The decision process of whether to approve a loan to a potential borrower based on credit, employment, assets, debt-to-income ratios and other factors, plus the matching of this risk to an appropriate rate and term or loan.

A document signed by the borrower’s employer verifying his/her position and details of income.