No Tax Return Verification Owner Occupied Purchase Loan

Mortgage Quest

a dba of McCormick Lending Group, Inc.

No Tax Return Verification Owner Occupied Purchase Loan

Program Details: 

• Income is ATTESTED to and DECLARED

• U.S. residents 

• 75% LTV max purchase • 70% LTV max refi (r/t & cash out) 

• No charge offs, collections or tax liens

• Reserve funds are not required 

• Most recent personal account’s bank statement 

• Cash out is unlimited 

• SFR / Condo / Townhouse property types 

• First-time home buyers OK 

• Owner occupied only

Bob McCormick, President

 

Toll Free 800-328-0144 

www.McCormickLendingGroup.com

 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  Equal Housing Lender

100% Downpayment Assistance Program

Mortgage Quest

a dba of McCormick Lending Group, Inc.

Within Reach Downpayment Assistance Program

Some of the key benefits of Within Reach Down payment assistance up to 4% of the loan amount in the form of an interest free soft second, forgiven over a 3 year period FHA, USDA, VA programs Can be used for down payment and/or closing costs. Seller Credit of 6% is allowed Gift funds are allowed Borrower(s) not required to be First Time Homebuyers Income Limit is based on qualifying income used for transaction, not household income

Program Requirements: 620 Minimum FICO, DTI – up to 50% Income Limits: 140% of Area Median Income All borrowers must occupy property as primary residence The lesser of HUD county limit or 453,100 or maximum loan amounts permitted by HUD At least one borrower must have Homebuyer Counseling Borrower Paid Compensation up to 2% – DPA may be used Admin Fee = $1,145

Bob McCormick, President

 

Toll Free 800-328-0144 

www.McCormickLendingGroup.com

 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  Equal Housing Lender

Rates Have Dropped! No Cost Loans Available!

Mortgage Quest

a dba of McCormick Lending Group, Inc.

Mortgage Rates Are Low!  Click Here To See How We Operate Differently So That You Don't Overpay For Your Mortgage!

"The 15 basis point fall left 30-year rates back at their lowest level since late 2016 according to figures released by Freddie Mac.

Compared to this time last year, 30-year fixed rates were down by 100 basis points.

More significantly, 30-year fixed rates are down by 134 basis points since last November’s most recent peak. The slide also left mortgage rates at their lowest level since the month of Trump’s inauguration…"

Click Here For A Quick Rate Quote

Bob McCormick, President

 

Toll Free 800-328-0144 

www.McCormickLendingGroup.com

 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  Equal Housing Lender

Mortgage Quest

Shopping rates? Why the APR is the most important rate

Mortgage Quest

a dba of McCormick Lending Group, Inc.

Click Here to see how we operate differently so that you "Don't Overpay For Your Mortgage".

What is the difference between a mortgage interest rate and an APR?

An annual percentage rate (APR) reflects the mortgage interest rate plus other charges. 

There are many costs associated with taking out a mortgage. These include:

• The Interest Rate
• Points
• Fees
• Other charges

The interest rate is the cost you will pay each year to borrow the money, expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the loan.

An annual percentage rate (APR) is a broader measure of the cost to you of borrowing money, also expressed as a percentage rate. In general, the APR reflects not only the interest rate but also any points, mortgage broker fees, and other charges that you pay to get the loan. For that reason, your APR is usually higher than your interest rate.

If you have applied for a mortgage and received a Loan Estimate from one or more lenders, you can find the interest rate on page 1 under “Loan Terms,” and the APR on page 3 under “Comparisons.” 

Visit our website to learn more! 

Bob McCormick, President

 

Toll Free 800-328-0144 

www.McCormickLendingGroup.com

 Lending in Arizona and California

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  Equal Housing Lender

"Don’t Overpay For Your Mortgage"

It's Pretty Simple: Low Overhead + Low Margins = Low Rates

Over 19 years ago, after working for large banks and mortgage banking companies, I figured out how to operate a mortgage company utilizing a business model which allows us to offer ultra-low interest rates for our clients.  As the owner I control our pricing model which keeps our rates generally .25-.50%+ lower than the competition!  Also, we are able to offer free and unlimited rate floatdowns after a loan is locked ensuring the lowest rate possible for our clients.

To see how we operate differently visit us at:

www.McCormickLendingGroup.com

Call Toll Free 800 328-0144 or
Email  McCormicklending@gmail.com

Bob McCormick, President

Lending in Arizona and California 


nmls 175743 azmb 0903631  cadbo 603J043 Equal Housing Lender

Alternarive Underwriting Guidelines - Portfolio Loan Programs

Mortgage Quest

a dba of McCormick Lending Group, Inc.

Even though our business model focuses on offering interest rates generally .25-50% lower than the competition we also offer these loan options to help your buyer's secure financing:

*Utilize Business Bank Statements For Income (No Tax Returns)

*Bridge Loans Available for Clients Needing to Purchase Before Selling

*Clients Over 62 Years Old With Low Income- Utilize a Reverse Mortgage for Purchase

*Liquid Assets in lieu of Income for Qualifying

*Limited Seasoning After Bankruptcy, Foreclosure or Short Sale

*5% Down and No PMI on Jumbo Loans Up to $750,000

*500 Fico Scores on FHA and 550 Fico for Conventional

*Quick Closing Private Money Loans

Feel free to contact me or visit us at www.McCormickLendingGroup.com 

Bob McCormick, President

 

Toll Free 800-328-0144

 Lending in Arizona and California

"Don't Overpay For Your Mortgage"

AZMB#0903631 / CFL #603J043 / CO ID #20161226406 / NMLS #175743
Toll Free: (800) 328-0144 Fax: (888) 570-6740