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 


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

Comments

Post a Comment

Popular posts from this blog

Nationwide Commercial and SBA Lending Options (Bank and Non-Bank)

-
Image
Nationwide Commercial and SBA Business Lending Available! 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+. We also utilize  a tech-enabled online Nationwide Marketplace of over 500+ lenders which enables us to quickly source the best terms immediately with only ONE application for both commercial and SBA business loans! 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 Mob...
Read more

Breakdowns of a Few Recently Funded Private and Portfolio Loans

-
Image
  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...
Read more