"Don't Overpay For Your Mortgage!"
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It's Pretty Simple: Low Overhead + Low Margins = Low Rates!
It's Pretty Simple: Low Overhead + Low Margins = Low Rates! 25 years ago, after working for large banks and mortgage banking companies, I figured out how to operate a mortgage company using a business model which allows us to offer ultra-low interest rates for our clients. By receiving Wholesale Interest Rates, and as the sole-owner/loan officer, I personally control our pricing model which keeps our rates very low versus the competition. We have cut out the extra layers of loan officer commissions, high office rents, office management and ancillary salaries and expenses. We then pass these savings on to our clients via lower rates and costs. Combined with our Free Interest Rate Floatdown Option we help our clients obtain the lowest possible rates prior to closing. At any time we can do a quick rate comparison to ensure that you are receiving the lowest rate and costs possible. CLICK HERE FOR A QUICK COMPARISON We are extremely aggressive on Jumbo, Conforming and High Balance...
Portfolio Underwriting Qualifying (Outside of the Box)
We utilize our same low cost pricing model for these loans as well: "Non-QM" Portfolio Underwriting Options 12 or 24 month bank statement income options Asset Depletion for Income Bank Statement Balance = Loan Amount Alternative Income (1099 only, employment verification form, ITIN) Debt Service Coverage Ratio (DSCR) P&L Only Foreign National Credit score as low as 620 Loans up to $4,000,000 Contact Us With Any Questions Visit us at www.McCormickLendingGroup.com Bob McCormick, President Toll Free 800-328-0144 Email- McCormickLending@gmail.com 14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender
Why Your Current Loan Servicer or Bank May Not Offer You The Best Rates
Low Overhead + Low Margins = Low Rates Without question mortgage rates are a very hot topic.. One common question that I am often asked is how I can generally offer a lower rate than the homeowner's current lender/servicer (even though I may have originally closed the original loan for the homeowner with this same servicer)? As a wholesale broker I receive wholesale rates which are generally .25%+ lower than what a homeowner's current loan servicer will offer directly as they price rates as "retail" and not "wholesale". Their hope is that the homeowner does not question the fact the loan servicer is only handling the mortgage payments (most of the time Fannie Mae, Freddie Mac, HUD or VA owns or insured the loan) and a brand new loan has to be originated on any refinance. Ironically, I work directly and receive wholesale rates from a very well known "automated" lender that advertises day and night on television, internet and the radio throug...
In-House Direct Bridge Loans Available (purchase before selling and remove contingency)
We offer Bridge Loans for borrowers who want to purchase a new property prior to selling their current property. Great rates, flexible terms and no upfront cost or monthly payment options available! * Purchase without a contingency *No need to liquidate savings or stock accounts *Options to defer monthly payments *Cross-Collateralization options To see how we operate differently visit us at: www.McCormickLendingGroup.com Bob McCormick, President Toll Free 800 328-0144 Email- McCormickLending@gmail.com 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender
Private and Portfolio Underwriting (Low Rates and Fees!)
Besides being extremely aggressive on our Conforming and High Balance Fannie Mae/Freddie Mac, USDA, FHA and VA saleable loans using our Wholesale Rates , we also offer In-House Private and Portfolio Underwriting for unique "outside of the box" loan situations. In-House Direct Private Lending (Equity Based and Case-by-case) No Doc if Bank Balance = Loan Amount No Seasoning on IRA Distributions for Income Asset Depletion Calculation for Income Bank Statement Deposits for Income Cross Collateralization and Bridge Loans Feel free to contact me with any questions Visit us at www.McCormickLendingGroup. com Toll Free 800-328-0144 Bob McCormick, President 14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal H ousing Lender
VA Loans - No Downpayment and No PMI Required
To see how we operate differently visit us at: www.McCormickLendingGroup.com Bob McCormick, President Call Toll Free 800 328-0144 Email- McCormickLending@gmail.com Residential - Portfolio - Private - Reverse 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660
Debt Service Coverage Ratio Loans (DSCR)
Debt Service Coverage Ratio Loans (DSCR) For Rental and Commercial Properties We ONLY use the rental agreement or the estimated rent analysis by the appraiser for income qualifying No Tax Returns or W2 forms needed Fico Scores down to 660 Loan amounts up to $3,000,000 Contact me with any questions regarding pricing, guidelines or scenarios. www.McCormickLendingGroup.com Bob McCormick, President Call Toll Free 800 328-0144 Email- McCormickLending@gmail.com 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660 Connect with me on LinkedIn mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender
Equity-Based Low Documentation Commercial and Investor Loans (30 Year Fixed and No Balloon!)
Low Documentation Commercial and Investor Program Designed for borrowers seeking lower payments on a long-term, fixed-rate loan with no balloon payment and simple underwriting documentation. KEY FEATURES 30-year fixed rate option Interest-only payments up to 10 years. Great for self-employed investors and small business owners. Based on property value, not personal income. Best alternative to hard money loans. PROPERTY TYPES Investor 1-4 (SFR, Condo, and 2-4 Units) Multi-Family (5+ Units) Mixed-Use Commercial (Office, Retail, Warehouse, Self-Storage and Automotive) High Equity Loan A low LTV loan with easy credit requirements Designed for investors with derogatory credit issues and high equity seeking quick and easy credit qualification. KEY FEATURES Streamlined underwriting. No seasoning of ownership required. Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years. PROPERTY TYPES Investor 1-4 (SFR, Condo, and 2-4 Units) Multi-Family (5+ Units) ...
Reverse Mortgages With No Origination Fees and Interest Rate Caps!
As the owner of Mortgage Quest I personally control our pricing model and have extremely low margins and costs for our clients! We offer extremely low margins and costs on our Reverse Mortgages to help preserve as much equity as possible over the life of the loan (most reverse mortgage lenders do not offer this as they want to maximize their own profit) For borrowers over 55+ years old looking to purchase or refinance Only have to qualify to prove ability to pay annual property taxes and insurance You always keep title and own your home Access to a Line of Credit that grows over time No Origination, Title and Underwriting Fee Options Available Visit our website to learn more! Bob McCormick, President Office 800-328-0144 Email Me Lending in Arizona and California 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660 Residential-Portfolio-Private-Reverse mb0903631 nmls175743 nmls179756 ...
First-Time Home Buyer Government Programs for 2025
First-Time Home Buyer Government Programs for 2025 Buying your first home can be challenging, especially when it comes to getting approved for a mortgage and coming up with the down payment. Thankfully, there are plenty of first-time home buyer government programs that can make things easier. Government loans for first-time home buyers There are several government loan options that are worth exploring if you need a little extra help qualifying for a mortgage: FHA loan: 580 credit score, 3.5% down HomeReady and Home Possible: 620-660 credit score, 3% down VA loan: 580-620 credit score, 0% down USDA loan: 640 credit score, 0% down FHA home loan FHA loans can help if you can’t afford a traditional 20% down payment or have a less-than-perfect credit score. You can put down as little as 3.5% at closing with an FHA loan. These loans have more flexible underwriting standards and are insured by the Federal Housing Administration and issued by an FHA-approved lender...