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Take Advantage of our Wholesale Interest Rates!
Visit us at www.McCormickLendingGroup.com Bob McCormick, President Office 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 "Don't Overpay For Your Mortgage" nmls 175743 azmb 0903631 cacfl 603J043 Equal Housing Lender
Breakdowns of a Few Recently Funded Private and Portfolio Loans
Breakdowns of a Few Recently Funded Private and Portfolio Loans $2,288,000 first mortgage second home purchase 80% Ltv 30 year fixed. Qualified with only bank account balance utilizing asset depletion calculations. $3,000,000 first mortgage purchase cross-collateralization loan 30 year fixed. Single Family. 100% financing. Total packaged Ltv 54%. $525,000 second mortgage refinance bridge loan . 12 month interest only. Single Family. Cltv 33%. In-House Private Loan. $848,000 first mortgage purchase cross-collateralization loan 30 year fixed. Single Family. 100% financing. Total packaged Ltv 63%. $305,000 second mortgage construction bridge loan with cross-collateralization . 12 month interest only. Total packaged Ltv 78%. In-House Private Loan . If you have any questions please contact me today. Visit us at www.McCormickLendingGroup.com Bob McCormick, President Office 800 328-0144 Email McCormick...
Updates To Our Super Jumbo Loans Are Now Available!
Updates To Our Super Jumbo Loan Option If you have any questions please contact me today. Visit us at www.McCormickLendingGroup.com Bob McCormick, President Office 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 "Don't Overpay For Your Mortgage" nmls 175743 azmb 0903631 cacfl 603J043 Equal Housing Lender
Nationwide Commercial and SBA Lending Options (Bank and Non-Bank)
Commercial and SBA Lending For the past 25 years we have utilized our own internal funding or well established 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+. Programs Offered Conventional and Non-Bank Commercial Fannie Mae, Freddie Mac and HUD CMBS and Trust Lending Bridge and Construction Portfolio and In-House Private Lending Insurance Company SBA 7a and 504 Lending (Plus Working Capital and Equipment Financing) Property Types Industrial, Multi-Family and Retail Self-Storage and Mobile Home Parks Office, Warehouse, Mixed-Use, Build to Rent, Fix and Flip and More Feel free to contact me with any questions or scenarios Visit us at www.McCormickLendingGroup.com Residential-Commercial-SBA-Private Lending Bob McCormi...
We Purchase Loan Notes
As part of our private lending programs we also purchase Loan Notes helping clients that prefer to liquidate. Performing and Non-Performing 1st and 2nd Notes/Deeds of Trust Secured by Real Estate Land Contracts (Seller/Owner Financing) Real estate loan buyouts (partial and whole) - offering a quick closing at a fair market price. Single Family Condominium Townhome Manufactured Home 1-8 Units Small Apartments Construction Loan Buyout Single Family Portfolio Lots/Land Commercial Properties Reasons to sell your loan: New Investment Opportunities College Tuition Pay Off Debt Divorce Settlement Estate Settlement Prefer Cash Liquidity If you have any questions please contact me today. Visit us at www.McCormickLendingGroup.com Bob McCormick, President Office 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 "Don't Overpay For Your...
Private, Portfolio and Trust Lending (Non-Bank Guidelines) for Residential and Commercial Properties
As an independent mortgage company we provide Non-Bank loan options for both Residential and Commercial Properties. Loan Amounts $100,000 - $50,000,000 Programs Offered Direct Asset-Based Private Lending Cross-Collateralization Loans Bridge Loans Construction Line of Credit DSCR Loans Asset-Based Portfolio Blanket Loans Bob McCormick, President Toll Free 800 328-0144 Email- McCormickLending@gmail.com www.McCormickLendingGroup.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
It's Pretty Simple: Low Overhead + Low Margins = Low Rates For Our Clients ("Don't Overpay For Your Mortgage!")
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 commissions and expenses and pass these savings on to our clients via lower rates. With mortgage rates dropping we can do a quick rate comparison to ensure that you are receiving the lowest rates and costs possible. CLICK HERE FOR A QUICK COMPARISON We are extremely aggressive on Jumbo, Conforming and High Balance Fannie Mae/Freddie Mac, Non-QM, USDA, FHA and VA saleable loans. If you have any questions please contact me today. Visit us at www.McCormickLendingGroup.com Bob McCormick, President Office 800 328-0...
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
Second Mortgage Loans (Heloc, Heloan, Reverse Mortgage Second Loans Available)!
Home Equity Line of Credit Fixed Rate Home Equity Loans Reverse Mortgage Second Loans Shared Appreciation Loans Utilize home equity without refinancing your first mortgage for high interest rate debt consolidation, home improvement, college tuition, etc . Up to 89.99% on owner occupied homes 85% CLTV on investment properties & second homes Adjustable rate HELOCs, fixed rate Home Equity Loans, Reverse Mortgage Second Loans, Shared Appreciation Loans (No monthly payments) Piggyback purchases & refis, standalone 2nds, and 1st lien HELOCs Maximum Line/Loan Amount is $500,000 If you have any questions regarding these or any other mortgage option please let me know. Visit us at www.McCormickLendingGroup.com Bob McCormick, President Toll Free 800-328-0144 Email- McCormickLending@gmail.com Residential-Commercial-Business Lending 14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660 mb09036...
1% Downpayment First Time Homebuyer Purchase Option!
Eligible clients only need to put 1% down, and the other 2% is covered, providing all the benefits of a 3% down payment! Affordability is top of mind for most home buyers. this new, exclusive and affordable purchase product that requires less upfront savings for your eligible clients, helping them get on the fast track to homeownership. Since clients don’t pay the mortgage insurance, they can also significantly decrease their monthly payment over the life of the loan. Client Qualifications Must make less than or equal to 80% of the area median income for the subject property Minimum FICO ® Score of 620 Minimum down payment of 1% required Minimum LTV/CLTV/HCLTV of 95.01%; maximum LTV/CLTV/HCLTV of 105% (with an eligible Community Second) Maximum loan amount of $350,000 No PMI option Visit us at www.McCormickLendingGroup.com Bob McCormick, President Toll Free 800-328-0144 Email- McCormickLending@gmail.com 14362 N Frank Lloyd Wright Blvd #...
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