Frequently Asked Questions

Rates depend on the entire picture of the scenario. We’ll evaluate income, credit, assets, and property. There is no cookie cutter situation. Get a quote by completing the Loan Readiness Quiz Here 

Here is a list of states we have closed business in: Arizona, California, Connecticut, Florida, Georgia, Indiana,, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Montana, Nevada, New York, New Hampshire, North Carolina, Ohio, Oklahoma, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Washington, Washington D.C.

We are able to lend in other states. Not all products are available in all states.

Yes. Available for experienced builders/contractors for spec homes and build to rent (not primary residence).

It depends on how your credit has been since the bankruptcy. In some cases I can help right after the bankruptcy is discharged. At least 20% down payment would be required for something like that.

If you have been self-employed for at least 12 months, I may be ale to help if you have experience in the same line of work and can show adequate earnings since you started the business.

If you are looking to buy/refinance a non-warrantable condo I may be able to help.

If it’s for a primary residence, and you can put at least 10% down, I can usually help (Florida, need 25% down).

This is especially doable if the issue is high percentage of investor concentration in the condo complex. Very common, and I’ve helped a number of borrowers with their condos who had this issue in the past.

Investment property and second homes on case-by-case basis.

Yes.

Typical turn-time in process from application (the day you sign your initial loan documents) to closing is 20-30 days.

Here is what the process looks like:

• Offer accepted (need executed copy of purchase agreement)
• Loan docs signed
• Appraisal ordered (need credit/debit card info from you to order that)
• File audited by my team for misc. items missing
• Appraisal received
• Submit to underwriting
• Order homeowners insurance declarations page (will need your insurance agent contact info asap, and for you to move forward with you insurance policy)
• Conditional Approval
• Gather final items needed
• Submit to underwriting for final approval
• Prepare closing docs with title company
• Close

If you are a business owner I do have a bank statement loan product.

In that case, what we would need is 12-24 months personal bank statements. We’ll use an average of deposits, as well as a 12 month profit and loss statement prepared/audited by a CPA.

20% down payment is the minimum on this product.

I have the ability to go as low as 530 credit score. Full review required to determine approval.

Yes, I may be able to help. 30% down payment would be the minimum. 680 credit would be the lowest on that product. 6 months reserves are needed.

No. The ability to repay the loan is evaluated based on property income, not personal income.

Yes, I may be able to help. 30% down payment would be the minimum. 680 credit would be the minimum. 6 months reserves are needed.

No. But once we are able to move forward, we do ask that you cover up front costs like appraisal/credit report.