Small-Local-Independent

"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

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) ...

  Debt Service Coverage Ratio Loans (DSCR) For Rental 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

Wholesale vs. Retail Mortgage Rates Explained We work with several banks and mortgage wholesalers that allows us to shop rates for our clients.  Being that we do the origination and processing for these sources we receive Wholesale Rates which are discounted from Retail Rates (rates offered from bank branches, direct mortgage lenders, current loan servicers etc.). There can be a large variance (both positive and negative) between lenders on a daily basis regarding the Wholesale Rate that they offer as they compete for market share.  Being that we have several sources to choose from for our client we always have aggressive pricing options. Once we close a loan for our client the loan is then serviced by the bank, lender or servicing company.  The majority of the time they have an internal Retail division that may re-solicit the client for future business. They will make it seem that they can "streamline the mortgage process" as they currently have the loan in their s...

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...

Here are a Few Breakdowns of Recently Funded Private and Portfolio Loans $3,000,000 first mortgage purchase cross-collateralization loan 30 year fixed.  Single Family.  100% financing.  Total packaged Ltv 54%. $256,000 first mortgage refinance bridge loan .  12 month term interest only. Single Family.  Ltv 11%.   $525,000 second mortgage refinance bridge loan .  12 month interest only.  Single Family.  Cltv 33%. $848,000 first mortgage purchase cross-collateralization loan 30 year fixed.  Single Family.  100% financing. Total packaged Ltv 63%.   Contact Us With Any Questions 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 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender