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Monday, September 30, 2019

Alternative 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 Bank Statement Deposits 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

*Rental property purchase without income verification 

*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  

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

Tuesday, September 3, 2019

How to save $20,916 on your mortgage loan!

Mortgage Quest
a dba of McCormick Lending Group, Inc.


Did you know that you will pay $20,916 over the life of a mortgage loan for every .25% higher interest rate charged?*


"Don't Overpay For Your Mortgage"

Having worked for a few of the large banks and mortgage banking firms prior to starting Mortgage Quest in May 2000, I learned how and why these mortgage companies need to mark-up their rates that are offered to the public: large overhead expenses including office salaries, commissions, large rent/office space, several layers of management, extra quality control costs due to large staffing, etc.

Mortgage Quest was established with a business model that has reduced these large expenses so that our operating margins are the lowest in the industry and the need to mark-up interest rates was eliminated:
  • I personally controlling our pricing model which generally saves our clients up to .25% - .50% or more on their rate versus the competition.

Visit us at www.McCormickLendingGroup.com to see how we operate differently than other banks and lenders.


Bob McCormick, President

Toll Free 800-328-0144
Email- McCormickLending@gmail.com




* Example based on a 4% versus 4.50%, 30 year fixed rate loan at $400,000 loan amount.  Savings will depend on loan amount, term and rate

NMLS 175743 AZMB 0903631 CADBO 602J043  Equal Housing Lender

Sunday, September 1, 2019

Utilize A Reverse Mortgage When Purchasing (No Income Verification)*

Mortgage Quest
a dba of McCormick Lending Group, Inc.


Reverse Mortgage For Purchase

  • For borrowers over 62 years old looking to purchase 
  • Only have to prove ability to pay annual property taxes and insurance
  • Perfect for buyers that do not qualify under standard income guidelines (Fixed Income, High Debt Ratios, etc.)
  • No closing cost loans available!



Bob McCormick, President

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Toll Free 800-328-0144 



 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"


mb0903631 nmls175743 nmls179756 Cadoc603J043