• We now offer a 40-year loan with the first 10 years as interest only, enjoy a low monthly mortgage payment!!!
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Introducing the Non-QM Investor Program

Introducing the Non-QM Investor Program

If you own an investment property or you are looking to purchase an investment property and you also cannot verify or show your income, we are introducing a mortgage program that fits perfectly. Its NON-QM loan meaning, not a qualified mortgage which is subject to different pricing and different guidelines. This particular program is only intended for investment properties, NO primary residences are allowed under this No income No asset program. Below is a quick snapshot of what this program is capable of.

  • 640 Min FICO
  • NO INCOME / NO ASSET (Credit and Collateral Loan only)
  • N/O/O (Non-Owner Occupied) Properties only
  • $2,000,000 max loan amounts
  • 75% max LTV
  • No Reserves Required
  • No Prepayment Penalty
  • SFR ( single family residence), Condos, and 2 – 4 units Allowed
  • 2 – 4 Units (5% LTV reduction)
  • 2 – 4 Units max 70% Cash Out
  • CLOSE IN LLC, Partnership or Corporation Name
  • No DSCR – No Debt Service Coverage Ratio
  • 1x30 Mtg lates in last 12 months on Primary
  • 1x60 Mtg lates in the last 12 months on other Properties
  • 6 months Seller Seasoning required
  • Interest Only Option Available!
  • Purchase 75% max LTV
  • R/T ( rate and term) REFI 75% max LTV
  • C/O ( cash-out )70% max LTV
    • Cash Back up to $250,000 70% max LTV
    • Cash Back $250k – $500k 65% max LTV
  • 2 Yrs BK Seasoning
  • 2 Yrs FC Seasoning
  • 2 Yrs Shortsale / DIL Seasoning
  • 3 Tradelines for 12 months + or 2 Tradelines for 24 months +
  • 1 Appraisal up to $1,000,000 loan amount
  • 2 Appraisals $1,000,000 – $2,000,0000 loan amount
  • 3/1 Arm and 7/1 Arm only
  • 7/1 Arm Interest Only Option Available

To learn more about his program please contact our office.

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

*This product is not regulated by the New York State Department of Financial Services

How We Do Business

How We Do Business

We have made a huge change in our Conventional Pricing.

We also came out with a new MortgageDepot program MDExpress. This will allow for a better rate enhancement to the price for W2’d Borrower, 1 Family Home. Purchase, Rate & Term Refinance as well as a Refinance Cash Out. We will now allow this for borrowers with multiple homes as well using rental income on schedule E. With this program you will have 24 Hour Approvals if not same day.

Service Levels / Abilities

  • We have minimal overlays on all our programs. We would say 95% if not more we follow the Fannie Mae & Freddie Mac as well as HUD.
  • Ability to speak directly to a processor as well as Team Lead & Office Manager if need be. That goes for Files In Process, Loan Scenario, Etc. I will do a 3-way conference call with any of the above as well as Fannie, Freddie or HUD for any reason we need to speak with them.
  • We have been at 24 Hour Turn for conditions for all files now for over a year and we will keep to this with no exception.
  • Loan Estimate and all disclosures are done by us. We don’t want your disclosures at all. Date on your disclosures does not interfere with us at all since we don’t use them. This speeds the loan set-up process
  • Closing Disclosure Goes Out Early. Once File is Approved, Appraisal Signed Off On and Rate Is Locked Initial CD is sent for E-Sign or Wet Sign.

Our Technology

  • Email Notifications at each touch of the file with notes as well to all involved in the file.
  • Ability to see any document that was uploaded by my inside team.
  • Ability to order Both Verification of Income as well as Verification of Assets (Bank statements), speeds the process.
  • Appraisal as well as 4506 and any other items needed can be ordered in our system.

We look forward to working as a Team with you all. Our Team is here to help you close your loan as easy as possible in this crazy business. We want to Earn Your Business.

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

Loan Officers We Are Hiring

Loan Officers We Are Hiring

Loan officers, Teams, Branch Managers we are still in the beginning of the year if you`re looking or been thinking about joining a company that works with lenders that truly have NO OVERLAYS and Emotionless underwriting.

We have a great place to introduce you to.

We are privately owned mortgage broker and we are very well organized and with that we offer a full array of mortgage products that will cater to any all your clients’ needs.

We not only crush it in Residential loans but we also run one of the biggest non-conforming mortgage divisions in the country. We offer the best back-office support that handles your loan from start to finish.

And to top of it off we have a fully equipped Commercial Department that funds no income check loans and lends off property income, not your client`s.

There`s so much to offer under one roof!

Contact us for more details. You won`t regret it.

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*Registered Mortgage Broker — New York State Department Of Financial Services – All Mortgage Loans Are Arranged Through Third (3rd) Party Providers’ NMLS # 1133788