Residential Lending Services
Unlock the Potential of Residential Properties with Tailored Lending Solutions.
Learn More About DSCR, Bank Statement & Non-Warrantable Condo Loans
Embark on your property investment journey with confidence, backed by our robust Residential Lending Services. We specialize in DSCR (Debt Service Coverage Ratio) Loans, meticulously designed for real estate investors aiming to purchase or refinance 1-4 unit properties. These loans are particularly advantageous for rehabilitation projects and property flips, offering competitive rates and flexible terms to optimize your investment. For the self-employed, our Bank Statement Loans eliminate the complexity of traditional loan processes. By using your bank statements as income verification, we streamline your path to securing funding, ensuring a smooth and efficient experience tailored to your unique financial narrative.
Delving into the niche yet burgeoning market of condominiums, our Non-Warrantable Condo Financing emerges as a solution for properties that defy conventional financing routes. This means that for those condos that do not meet Fannie Mae or Freddie Mac standards, we offer specialized financing options to support your investment aspirations. Our approach is simple: understand the unique needs of each client and provide tailored lending solutions that align with their investment goals. Whether you’re looking to transform a property for rental income or secure a non-traditional condo unit, our lending services are designed to pave the way for your financial success in the residential market.
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What is a DSCR Loan and how can it benefit my property investment?
A Debt Service Coverage Ratio (DSCR) loan is designed for investors looking to purchase or refinance residential properties ranging from single units to fourplexes. The DSCR loan benefits you by evaluating the cash flow generated by the property rather than your personal income. This type of loan is ideal for fix-and-flip projects or rental investments, as it provides flexibility and focuses on the income-producing potential of the property itself.
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I'm self-employed. How does the Bank Statement Loan work for me?
Our Bank Statement Loan simplifies the mortgage process for self-employed individuals by using 12 to 24 months of your bank statements to demonstrate your income, instead of the traditional tax documents. This service is perfect for self-employed borrowers who have a reliable income but require a more tailored approach to document their earnings. It allows for a quicker and more efficient loan approval process, helping you secure financing for your home without the red tape.
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What exactly is a Non-Warrantable Condo, and why would I need specialized financing for it?
A Non-Warrantable Condo is a condominium that doesn't meet certain criteria set by Fannie Mae or Freddie Mac for reasons such as the owner-occupancy ratio, the structure of the condo association, or the type of property. These condos require specialized financing because they are not eligible for most conventional mortgage programs. Our Non-Warrantable Condo Financing offers custom loans for these types of properties, giving you the opportunity to invest in or own a unique condo that might otherwise be challenging to finance.
