Mortgage Funding Solutions
Mortgage Loan Options
As a small business owner or consumer, navigating through the mortgage lending landscape is not only confusing but also time consuming. We provide the best possible solutions, while making the process as efficient, effective and simple as possible. That way you can spend your time focusing on the day-to-day operations of your family or business.
Why Use Us
We understand that borrowers should not be denied the opportunity of homeownership because they don’t meet the stringent requirements that traditional lenders require.
Types of Loans Available:
Self-Employed Home Loans
Purchase or re-finance a property today with No Tax Returns Required! This is designed specifically for business owners. We understand that borrowers should not be denied the opportunity of homeownership because they don’t meet the stringent requirements that traditional lenders require.
Bank Statement Loan
To qualify for this loan, we allow the use of 12 and 24 months of business or personal bank statements for income rather than tax returns.
Program Highlights:
- FICO 580+
- Up to 90% LTV
- 30 Year Fixed and ARM Options
- Loan amounts up to $4 million
- 12 months removed from bankruptcy or foreclosure
- Combination of business and personal bank statements allowed
Investment Property Loan
This allows borrowers to purchase or re-finance a property without any sort of income (no employment, no tax returns, W2s, or paystubs). This loan is based on the rental income generated from an investment property rather than your personal/business income.
Program Highlights:
- FICO 599+
- Up to 80% LTV
- Loan amounts up to $3 million
- 30 Year Fixed and ARM Options
- No income or employment verification
- DSCR as low as 0
- Cash-out proceeds may be used for reserves
- Eligible for Non-Permanent Residents and Foreign Nationals
P&L Program
This allows borrowers to qualify for a loan based on the strength of their business’s Profit & Loss (P&L) statement only. No bank statements are required.
Program Highlights:
- FICO 580+
- Up to 85% LTV on 2 Year P&L
- Up to 80% on 1 Year P&L
- 30 Year Terms and ARM Options
- Max DTI 55%
- Loan amounts up to $4 million
- P&L by Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer
- No bank statements required
Fix N Flip Loan
These types of Fix N Flip loans are perfect for investors looking to fix and flip a home.
Program Highlights:
- Up to 90% LTV
- Up to 100% of renovation/rehab costs
- Interest only, 12-24 month terms
- Fully amortized – interest stops when loan is paid in full
1099/WVOE Programs
Here we use the actual wages from your 1099 form as qualifying income for your new home loan. Alternatively, we offer a Written Verification of Employment (WVOE) Program as well.
Program Highlights:
- FICO 580+
- Up to 80% LTV for WVOE
- Up to 90% LTV for 1099
- Loan amounts up to $4 million
- DTI 55% Max
- Cash out available
- Completed FNMA Form 1005 for 2-year history with the same employer
Non-Permanent Resident Program
We specialize in home loans for non-U.S. citizens who are authorized to live and work in the U.S. on a temporary basis.
Program Highlights:
- FICO 620+
- Up to 90% LTV
- 30 Year Terms
- Bank statements allowed
Foreign National Program
Our Foreign National Program allows borrowers who live abroad to purchase or re-finance a property in the United States. Our foreign national program offers flexible, alternative documentation process with realistic guidelines that helps borrowers to easily qualify.
Program Highlights:
- No FICO score required
- Up to 80% LTV
- 30 Year Terms
- Loan amounts up to $3 million
- Cash-out allowed
- Debt service coverage ratio as low as 0
- CPA Letter covering last 2 years & year-to-date
- One bank reference letter
- Overseas assets allowed as reserves
- Gift funds allowed
Asset Utilization Home Loan
Asset Utilization home loans allow borrowers to use their assets as a means to qualify for a home loan. It doesn’t matter if you are an investor, self-employed, an entrepreneur, retired, or simply living off investments, this program allows you to qualify for a mortgage loan.
Program Highlights:
- FICO 580+
- Up to 80% LTV
- Cash-out up to 75% CLTV
- Savings and checking 100%
- Securities at 90%
- Retirement at 70%
- Cash out available
- Income calculation – all eligible assets divided by 60
HOME EQUITY LOANS
Home Equity Loans (2nd Mortgage) enable homeowners to borrow money by leveraging the equity in their property. The requested loan amount is dispersed in a lump sum and is paid back in monthly installments.
Program Highlights:
- FICO 660+
- Maximum Amount 350k
- No assets or reserves required
- 90% CLTV with full documentation
- 85% CLTV using statements – with debt:income ratio 50%
- 75% CLTV for Non-Owner Occupied dwellings
- Can use original appraisal if ordered within 1 year
Jumbo Loans
Our Jumbo Loans offer vey low rates that are specifically designed for high-valued homes where the loan balances exceed agency limits.
Program Highlights:
- 90% LTV
- Up to $3,000,000 Loan Amount
- Condos and 2-4 Units Allowed
- 2nd Homes and Investment Properties Allowed
- Cash Out Allowed
- Escrow Waiver Allowed
Commercial Mortgage Loans
Invest in your future by acquiring an asset. You can own a commercial property such as a mixed-use building or apartment complex that brings in residual income every month. The rental income will exceed or at least cancel out your monthly mortgage payment. You also gain hundreds of thousands of dollars in equity as your payments are made and as your property appreciates.
Program Highlights
- Up to 80% LTV
- “No Doc” Loans Available (No Tax Returns, No Income Check)
- 25-30 Year Terms
- Owner Occupied and Investment Properties
- No Sourcing or Seasoning of Funds
- Mixed-Use, Warehouses, Retail, Apartment Complexes, Office Buildings
- Traditional “Full Doc” Options Available As Well
Our most popular commercial transactions
- Buy the property that your business is currently operating out of, instead of renting the space.
- Purchase a new warehouse, office, or storefront.
- Buy an investment property that gives positive cash flow.
- Expand by opening a new location.
- Re-Finance your current property, pull money out of your equity and buy additional properties.
- Have a hard money loan with a balloon due? Re-Finance into a 30 year term with a fixed interest rate.
DISCLAIMER: I am not a loan officer. I work with a large broker network and my commission doesn't change your loan at all. Bottom line is that because I am in the middle it doesn't make your loan options better or worse. You have the best chance to get approved by going through me.
Elliot Glass has been a leader in the insurance industry since 2012. His experience and reputation enable him to best serve his valued clients by understanding their individual needs and offering common-sense solutions. This process saves time, money and provides peace of mind for you and your family.
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