Purchase/ Refinance
- O/O or N/O/O 50% LTV to $10M.
- R/T, Cash Out, Purchase
- Rates start at 3.75%
- SFR 1-4, Condo’s + PUD’s (Warrantable Only ((Freddie-Mac Guidelines)).
- 700 Mid Fico Score.
- No history of BK, FC, SS, Charge-Off’s, Tax Liens.
- Max 1×30 in past 12 months.
- With qualifying Reserves, no DTI calculation and no Seasoning of Employment Requirement.
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- Reserves:
- 6 months reserves of subject plus 2 months reserves of each additional property owned and financed, Sourced & Seasoned for 2 months with qualifying Income Documentation (CPA Letter or VOE).
- 18 months reserves Sourced and Seasoned for 2 months when Borrower owns at least 1 other property than Subject and then qualifies with NO DTI REQUIREMENT.
- 36 months reserves Sourced and Seasoned for 2 months when Borrower does not own any other properties than Subject and then qualifies with NO DTI REQUIREMENT.
- Reserves:
- Self-Employed and Wage Earner borrowers accepted.
- No Pre-Payment Penalties.
- Gift Funds allowed. Minimum 5% of Purchase Price + Reserves must be Borrower’s own funds
- Sourced and Seasoned for 2 months.
- No max properties owned/financed, 8 max properties on NOO owned and financed. Free and Clear properties and Commercial properties are exempt.
Our unique Fix and Flip loan allows borrowers to purchase a distressed property or refinance an incomplete property without the need for draws and escrow accounts.
- Loan Amounts from $100K – $10M
- Interest only loans
- Stated Income/ Bank Statements
- No minimum FICO
- No income verification
- No tax documents
- Rates from 6.5%
- Up to 90% LTV
- Up to 100% for rehab expenses
- Non-Owner Occupied Only
- Lending in all States
Purchase or Refinance N/O/O SFR, Condo and 2-4-unit properties we have the best rates in the Non-QM industry with our Investment Purpose loans. Long term (30 years) loans
NO balloon payments and Interest only options are available. Great loan program for investors!
- No Income Proof Needed
- All Loans are N.I.V. (No Income Verified)
- LTV up to 80%
- No DTI Ratios
- No DSCR calculated on residential collateral
- Rates as low as 4.99%
- Up to a 2 Point Rebate
- Loan Amounts from $100k – $15m
- Lending to LLC’s, S-Corp, Trust or Individuals.
- Property Types Include: SFR, Condo, 2-4 Units
- Interest Only Option Available
- Foreign Nationals – OK
- 100% Gift Funds – OK
Refinance N/O/O SFR, 2-4-unit properties, 5+ unit multi family, Mixed Use or Office & Retail. We even finance properties in rural areas and those with minor to significant deferred maintenance. Any credit profile, AtlLenderMortgage is the home for your next bridge loan request. Our bridge products are usually for a short period of time (up to 60 months).
- No Income Proof Needed
- All Loans are N.I.V
- No Income Stated on 1003
- No DTI Ratios
- No DSCR calculated on residential properties
- Rates as low as 6.99%
- LTV up to 80%
- Loan Amounts from $50,000 – $15,000,000
- Lending to LLC’s, S-Corp, Trust or Individuals.
- Property Types Include: SFR, Condo, Condotels, 2-4 Units, Multifamily, Mixed-Use, Office, Retail
- Interest Only Option Available
- Foreign Nationals – OK
- 100% Gift Funds – OK
- Properties with Deferred Maintenance
- Rural Properties
- Short Term and Long Term Bridge Options are Available
- No source & seasoning of down payment options
In the United States, jumbo mortgages exist for buyers that need a mortgage above conventional loan limits. Conventional loan limits vary from state to state. To qualify for a jumbo mortgage, the borrowers generally must have high credit quality.
If you are looking for a Jumbo loan, LoanGroup can help.
AltLenderMortgage is the easiest and most reliable source of rehab funding for all of your funding needs. We focus on providing our borrowers the capital they need to fund their investments, in addition to the support, experience, and knowledge to help make these renovation and new construction projects profitable.
| Property Type | Single Family Residential 1 to 4 Units |
| Purpose | Acquisition: Build to Sell | Build to Refi |
| Location | AL, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MO, NC, NE, NJ, NY, OH, OK, PA, SC, TN, TX, UT, VA, WA, WI, WV, WY; other states are case-by-case and subject to adjusted pricing and guidelines |
| Exit | Sale or Refinance |
| Leverage | Up to 100% of Vertical Construction Costs and Max 65% ARV |
| Interest Rate | Rates from just 7.49% |
| Loan Term | 6 Months |
| Loan Extensions | Up to 6 Months |
A fixed rate mortgage is a mortgage in which the interest rate charged remains fixed for the entire term of the loan, no matter what happens with the interest rates. With a fixed rate mortgage, the payment does not change during the life of the mortgage. Whether the fixed rate is the best for you depends on a number of factors.
If you opt for a fixed-rate mortgage, your rate will be based on the prevailing market interest rate, plus or minus a spread. Many borrowers want a fixed-rate mortgage when interest rates are low but may increase in the foreseeable future. This ensures a relatively low payment compared to what could have happened if the rate increased significantly. On the other hand, if the rates are higher but may fall in the foreseeable future, a variable rate may result in paying less. Depending on the terms of your contract, your interest rate on the new loan will remain fixed, even if interest rates go up to higher levels. On the other hand, if interest rates are in decline, then it would be better to have a variable rate loan. As interest rates go down, so will the interest you pay.
Instead of worrying about the best type of mortgage for you, give us a call. We make it my business to provide our customers with the information they need to make the best decision for their situation.
An adjustable rate mortgage, also known as ARM, is a loan with an interest rate that can change periodically. With ARM, monthly payments can go up or down. Many borrowers choose ARM because the monthly payment is usually lower than with a fixed-rate loan. The potential disadvantage of this is that the rate can change unexpectedly. In some cases, the monthly payment goes down. Some borrowers who choose an ARM then refinance for a fixed rate if interest rates begin to rise. This allows them to connect at a specific rate, while they have still benefited from the lower payment that ARMs make possible.
If you have questions about the best loan for your situation, we will provide assistance to the patient.
A refinance is the process of replacing an existing loan with a new loan. Many borrowers refinance with their existing lender, while others refinance with a new lender. Many people refinance to reduce their payment if interest rates have gone down, or to withdraw money from their home if they have accumulated equity. The money withdrawn can be used to pay bills, renovate the house, pay for education, or practically anything else.
In some circumstances, borrowers refinance to take out money and reduce their payment at the same time. This is possible if the borrower has had his existing loan for a prolonged period of time and when the interest rates are low.
Refinancing is an attractive provision that comes with home ownership.
An FHA mortgage is a mortgage issued by a federally qualified lender insured by the Federal Housing Administration (FHA). FHA mortgages are designed for low to moderate income borrowers who cannot afford a large down payment.
The percentage of the home’s value for FHA mortgages is adjusted from time to time, as is the amount of the down payment that is allowed to be provided by gift or grant funds. But these amounts are at levels that are generally attractive and intended to assist first-time buyers, low to moderate income buyers, and others with less than perfect credit.
The higher the borrower’s credit score, the lower the initial payment that is requirement for an FHA loan.
If you have questions about the best loan for your situation, LoanGroup is ready to help.
A VA mortgage is a mortgage option that is available to veterans of the United States, current service members and spouses who have not remarried. VA loans are issued by qualified and guaranteed lenders by the Department of Veterans Affairs of the United States (VA).
