Residential-Commercial-Private Lending

  Even though standard mortgages are our forte' as an independent company we also offer Speciality Loan Programs including: In-House Direct Capital Lending  (Real Estate, Business and Alternative Assets) up to $2,500,000 We offer Buyouts of Loan Notes  (Performing and Non-Performing) up to $1,000,000 Nationwide Business and Commercial Loans Trust Company Lending  (Loan amounts up to $75,000,000 for Rental Portfolios, Commercial and Multi-Family) Equity Sharing Agreements - Cash Out (No Qualification and No Payments) 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

First-Time Home Buyer Government Programs for 2024 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. Credit score : FICO sc

Owners of Land Contracts - Seller/Owner Financing Loans  Cash Out Refinance and Note Buyout Loan Options Available! Programs available for homeowners to refinance out of the seller's carryback loan and into a permanent mortgage.  Options also available for the seller where their carryback/seller financing loan is purchased in part or in full so that they can get their cash back sooner! Property Types: Investor 1-4 (SFR, Condo, and 2-4 Units) Multi-Family (5+ Units) Mixed-Use Commercial (Office, Retail, Warehouse, Self-Storage) 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

  Debt Consolidation Refinance A debt consolidation refinance allows you to pay off high-interest credit card debt, medical bills, student loans, and any other loan balances that you carry (as well as utilizing home equity for home improvement projects) to lower the overall interest and maximize monthly cash flow. This can be achieved by either combining all debts into a new first mortgage or by taking out a new second mortgage (loan or home equity line of credit).   There are certain situations where combining all debt into a new first mortgage can be financially beneficial, even if the first mortgage rate is very low. If you have any questions or would like an amortization breakdown scenario generated just let me know. 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 - Commercial - Business Lending 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260

  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 No Seasoning on IRA Distributions for Income Asset Depletion Calculation for Income Bank Statement Deposits for Income Cross Collateralization (in lieu of a Bridge Loan) Reverse Mortgage (No Debt Ratios, Fixed Rate and No PMI) Second Mortagages (Heloc, Fixed Rate and Reverse) 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