• Ask about our bank statement program which eliminates the use of tax returns and we just use the deposits in your bank account to calculate income.
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Splitting Escrows

Splitting Escrows

This is really never been heard of before but we now offer borrowers the ability to split paying escrows. Meaning that borrowers have the flexibility to either escrow for taxes or insurance. Before borrowers only had the choice of impounding both taxes and insurance or none at all and now borrowers have the ability to choose one or the other.

For more information contact our office.

Related Information:
  1. 2016 Qualifying Income
  2. Apartment Lending*
  3. Are you tired of non-performing hard money lenders?
  4. Avoiding Unreimbursed Employee Expense
Working Capital Financing

Working Capital Financing

MortgageDepot has creative financing programs for business owners to obtain the capital they need to expand their business. Working capital financing is an unbelievably simple, affordable, and fast way to finance your business. Thousands of businesses are approved for working capital financing every day. The following are just a few reasons why business owners choose working capital over other forms of financing.

  • Any FICO scores are accepted
  • No credit or collateral required
  • Easy application process
  • Funding typically in 24-72 hours after approval
  • High approval rate. Approved 95 percent of the time
  • No restrictions on how the funds can be used
  • Business owners can get up to a million dollars
  • Repayment options can be very flexible

Contact us today for a FREE consultation at (800) 535-0270 or email us by clicking here.

Fix and Flip Financing

Fix and Flip Financing

MortgageDepot is leading the way in finding smarter ways for you and your clients to finance fix and flip properties or rental properties. We offer cost-effective and innovative lending solutions specifically for these borrowers.

We provide direct equity-based funding for residential, 2-4 units, multifamily and commercial borrowers who are unable to attain financing through a bank or need capital quick. We offer unbeatable service, very generous broker compensation, low rates, and flexible terms. This is all we do, we’re committed to continually finding faster, easier and more affordable ways for you to get the funding your clients need.

We have created a simple loan closing process designed to meet your needs as an investor.

We have many fix and flip programs (LTP) and 1 (ARV) Program:

Why MortgageDepot

• 2 hour Approvals
• 4 to 5 day Closings
• We Are Broker Friendly
• 24 Years Experience In The Lending Industry
• Make Sense Underwriting
• No FICO Requirements
• No Prepayment Penalties
• Very Competitive Rates
• No Junk Fees
• No Commitment / Up Front Fees
• Fast Flexible Underwriting
• 100K to $2M
• CA Properties Only
• No Fund Control for Repairs

Contact us today at (800) 535-0270 or email us by clicking here.

Residential Properties-Fix and Lease

Residential Properties-Fix and Lease

We’re experts in assisting real estate investors who specialize in Fix & Lease rehab projects. Have you identified a property that’s in need of a rehab in order to make it a cash-flowing rental property? Have you had difficulty obtaining the finances necessary to purchase and rehab the property? We have the perfect program for you.

Our innovative Fix & Lease program offers professional real estate developers and rehabbers the opportunity to acquire the finances to purchase and rehab rental properties. We can facilitate with loans for as low as $50K and as high as $2.5 Million. This program is only available for single-family or multi-family residential properties, which are intended to be used as rental properties. We offer loan terms for up to 18 months, and we offer negotiable loan origination fees.

Our Fix & Lease program can assist with finances to buy and rehab a rental property nationwide. We offer loans with a loan to value ratio of up to 80% on the purchase and rehab of a property, and for up to 50% on a cash-out refinance of an existing property. We also offer the opportunity to utilize existing real estate assets as collateral on these loans. That collateral can be in the form of any type of non-owner occupied real estate, including single-family or multi-family real estate, commercial real estate or mixed use real estate. We can close in as few as 10 business days, so why wait?

We are the leading expert in providing financing for Fix & Lease property rehabs. If you need assistance with your next Fix & Lease project, we have brokers ready to serve you.

Contact us today for a FREE consultation at (800) 535-0270 

Rehabilitation Loan Program

Rehabilitation Loan Program

If you’re a real estate investor looking for rehab financing, we have innovative finance programs that can make a significant difference in your business. Through our Rehabilitation loan program, we’re able to work directly with real estate investors, builders, rehabbers, contractors and other real estate professionals to provide financing for the purchase and rehab of non-owner occupied residential, mixed-use or commercial real estate.

Our expert mortgage loan originators at MortgageDepot are able to assist you with acquiring the finances you need for your next rehab project or Fix & Flip. Through our loan programs, we’re able to offer finances for rehabs and Fix & Flips nationwide. We offer loan amounts as low as $50K all the way up to $2.5 Million for non-owner occupied single-family or multi-family residential projects, with terms up to 12 months.

Our innovating program uses real estate as collateral. That collateral can be in the form of either non-owner occupied residential real estate, or in the form of mixed use or even commercial real estate. The loan-to-value of this program can be for as much as 80% of the purchase price of the property, or up to 65% of the value of a property for a cash-out refinance. Best of all, we can close in as few as 10 (ten) business days.

Our loan consultants are standing by to assist with short-term rehab loans that can be utilized for the financing of new construction projects, to provide bridge loans, to help with the purchase of non-owner occupied single-family or multi-family residential properties, commercial or mixed-use properties and even to help with lines of credit backed by real estate collateral.

To find out more what our fix and flip program is all about contact, our office.

Contact us today for a FREE consultation at (800) 535-0270

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