TOP 10 UNIQUE NICHES

As a leading mortgage company headquartered in Kew Gardens NY, we are always striving to make sure that we can finance every borrower, that means we need to have every mortgage product available for every borrower.

• NO OVERLAYS, on Conventional loans. – which means that we have no overlays on product guidelines if we get approved eligible than that’s what it is.
  • If we get a Fannie Mae approval with a 600 score and a 50 DTI we will do it!!
  • No min trade line requirement, for people with limited credit we don’t have a minimum credit score trade line requirement
  • One score would be ok –
  • Co borrower with no scores is ok as long as the borrower with scores has 51% of the income
• WE WILL FINANCE A BORROWER WHO HAS UP TO 10 FINANCED PROPS.
  • When other banks will cap at 4 props total we will allow up to 10. Must have FANNIE MAE approval and min for 720 score
  • Can go up to 6 financed Properties with no min fico score – Purchase, rate/term, or cash out.
• 1YR SELF EMPLOYED TAX RETURNS.
  • This is for Self Employed borrowers who made more in the current year than last year. Need 2yrs proof of self-employed.
• WE ACCEPT RETIREMENT ASSETS AS INCOME (Asset Depletion).
  • If the client has money in a retirement account we can use it for the DTI and they don’t need to schedule any withdrawals (70%LTV)
  • This is a primary residence, or 2nd home, rate and term or Purchase.
• SPOT APPROVALS ON CONDOS UP TO 97% LTV.
  • A Conventional loan condo that is not approved we can do a spot approval up to 95%ltv. Limited reviews available at lower LTV’s
• MANUFACTURED HOMES TO 95% LTV.
  • Purchase or R&T to 95% LTV, 2nd home to 85%, cash out to 65%. Need MI approval.
• BLENDED SCORES – Take the AVERAGE of your Fico Scores to qualify for a better Rate.
  • Ex: 615, 617, 650 = 627 score. If 2 borrowers then AVG the 6 scores. This is for rate only. Still need to qualify off the mid score.
• SHORT SALE LESS THAN 4YRS OLD – WITH EXTENUATING CIRCUMSTANCES.
  • If the short sale is over 2yrs old and they meet extenuating circumstances Conventional has a code to put on the AUS ( automated underwriting system)  that will ignore it so we can receive an Accept. If 4yrs old then no extenuating circumstances are needed.
• UN-REIMBURSED (2106) EXPENSES CAN BE EXCLUDED.
  • Tax returns only required if applicable to certain types of qualifying income.
• UNLIMITED HARP LTV’S. – Home Affordable Refinance Program
  • Any LTV (300% LTV no problem) from any bank (MI transfers and Appraisal waivers are ok) and Any DTI that gets an Accept.

As you can see we have an array of loan programs that fit any type of borrower, we even have a no income check program as well.