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Friday, September 6, 2019

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

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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

Wednesday, August 21, 2019

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

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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

Monday, August 12, 2019

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…"
Bob McCormick, President

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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

Thursday, August 1, 2019

Wednesday, July 24, 2019

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.” 

Wednesday, June 26, 2019

"Don’t Overpay For Your Mortgage"

Mortgage Quest Logo

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:



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

Wednesday, June 12, 2019

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

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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


Equal Housing Lender