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Don't Overpay For Your Mortgage! Utilize Our Wholesale Rates!

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We are a full service mortgage company specializing in Residential-Commercial-Portfolio-Private-Residential Lending Almost 25 years ago, after working for large banks and mortgage banking companies, I figured out how to operate an independent mortgage company using a business model which allows us to offer ultra-low interest rates for our clients. We utilize extremely low operating costs and margins. Also, 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 as we have cut out most layers of expenses (high office expenses, processing fees and extra loan officer commissions). We then pass these savings on to our clients via lower rates and costs. Having closed thousands of loans during my career I have handled most every loan situation imaginable which enables me to secure the best mortgage for my clients. Loan Programs Offered Residential Conventional, Government...

Why Your Current Loan Servicer May Not Offer You The Best Rates

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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...

Portfolio Underwriting Qualifying (Outside of the Box)

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"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

Debt Service Coverage Ratio Loans (DSCR) For Rental Properties

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  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

Private Non-Bank Residential and Commercial Lending Options (Owner-Occupied and Investor)

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  Private Non-Bank Residential and  Commercial Lending Options (Owner-Occupied and Investor) Since May 2000 we have utilized our own internal funding or partnerships with private insurance, portfolio and equity capital companies for Non-Bank loans with simple underwriting guidelines ranging from  $50,000 to over $75,000,000. Programs Offered  In-House Private Lending Portfolio Private Lending Insurance Company Lending Trust Company Lending Property and/or Business Types SFR, Condo and 1-4 Units  Retail Multifamily 8+ Units  Apartments  Industrial Mini-Storage Rental Portfolios Raw Land/Lots Office  Mixed-Use Single-Tenant Mobile Home Parks Construction Bridge Short Term Bridge  Fix and Flip  Build to Rent Feel free to contact me with any questions or scenarios Visit us at  www.McCormickLendingGroup.com Residential and Commercial Lending Bob McCormick, President   Toll Free 800-328-0144 14362 N Frank Lloyd Wright Blv...

Reverse Mortgages With No Origination Fees and Interest Rate Caps!

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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  ...

Nationwide Commercial Lending Options

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As a Nationwide Loan Broker we know which bank/lender is not only offering thr best guidelines for specific scenarios but also the lowest rates and fees!   Nationwide  Commercial Lending Options Since May 2000 we have utilized our own internal funding or partnerships with domestic banks, credit unions, GSE's (Fannie Mae, Freddie Mac), HUD, CMBS, SBA, midsize to large insurance companies, wholesale conduit lenders, portfolio, private and equity capital companies for loans ranging from $50,000 to over $75,000,000. We have the resources and long standing specialized relationships available to accommodate most every commercial and investor property loan situation with our streamlined process.  In-House Direct Private Funding  Low Doc DSCR  Commercial and Investor Loans Bank, Non-Bank, CMBS, Private Debt, Fannie/Freddie, Trust and LifeCompany SBA 7a and 504 Lending  Programs Offered Conventional and Non-Bank Commercial Fannie Mae, Freddie Mac and HUD  ...

First-Time Home Buyer Government Programs for 2025

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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...