• We now offer a 40-year loan with the first 10 years as interest only, enjoy a low monthly mortgage payment!!!
(800) 535-0270
Select Page
30 Year Mortgage Rates dip below 4%

30 Year Mortgage Rates dip below 4%

MortgageDepot, your “go-to” mortgage loan brokerage is prepared to service our qualified clients with the opportunity to take advantage of the current 30 years fixed-rate mortgage rate that has dipped below the 4% rate for a conventional loan. “If the loan amount is below $484,000 for a single-family residence, at this time mortgage rates are hovering at around 3.75%-3.875% with zero points”, says Steve Kaziyev CEO of MortgageDepot. The prospective home buyer or homeowner must have at least a 700 score and above.

If you’re looking for the best mortgage rate to purchase a new home or refinance your current mortgage terms, contact MortgageDepot today at 800-535-0270 or locally at 718-268-9000 to take advantage of these historically low-interest rates to buy your new home or refinance your current rate.

Contact us today at 800-535-0270 for more information or email us here.

Am I eligible as a spouse of a deceased veteran?

Am I eligible as a spouse of a deceased veteran?

There are some requirements for the spouse of a deceased veteran to qualify for a VA loan. First, you must a have an OK credit and enough income to pay for the mortgage and other expenses. Second, you must use the house for your personal use. Third, you must obtain a Certificate of Eligibility (COE). When you are ready to apply for the VA loan, the lender uses the COE to verify that you qualify for the benefits of a VA loan.

Other Conditions to qualify for the VA loan

In addition to the above requirements, you should also meet one of the following conditions:

  • You are unmarried and was the spouse of a veteran that died either while being in service, or by a disability caused during service
  • You were the spouse of a person that was missing in action or prisoner of war
  • You were a spouse that remarried after you reached 57 years old
  • You were the spouse of an almost totally disabled veteran that died. In this particular situation, it doesn’t matter the cause the death.

If so far, you qualify for a VA loan, the last thing that you should do is to get the COE. Depending on the veteran’s cause of death, you must provide certain forms to verify your eligibility to receive the COE.

Documents needed to apply for the COE:

  • if the member died while working in the military, then do the following:
    • If receiving Dependency Indemnity Compensation (DIC) – don’t send anything.
    • If not receiving DIC – send a copy of the DD form 1300 (Report of casualty for the military), and copy of your marriage certificate.
  • If the veteran death is connected to the military service, then do the following:
    • If receiving DIC – send copy of the award letter.
    • If not receiving DIC – send copy of the veteran’s DD form 214, the veteran’s death certificate, and your marriage certificate

Don’t forget to add the veteran’s social security in each of the documents that you send. If you are not receiving DIC, it is also recommended for you to add a signed statement saying that you want to apply for the DIC.

To find out more about your eligibility and about where to apply for the COE, contact us. We are a reputable mortgage broker located in the New York area.

Contact us today at 800-535-0270 for more information or email us here.

Bankrupt Church

Bankrupt Church

The economy has been stabilizing this year, and interest rates have even dropped over the past few months. While that makes it a prime time for churches to seek financing, there are many churches out there that simply won’t qualify for traditional financing.

MortgageDepot does not want these churches to fall through the cracks. If a church can’t find financing for their needs, then they may start to lose congregation members, their sanctuaries, or even end up closing their doors. The trickle-down effect of these events spreads to their local communities as well. We identified the need for alternative financing for churches in trouble 10 years ago. We knew that these churches needed another option.

So, the question becomes: What churches qualify for private money loans? Churches with bad credit, churches facing bankruptcy or foreclosure, and churches with payroll taxes owed are all excellent candidates. Since launching the private money program, we have saved churches from imminent bankruptcy, foreclosure, even IRS seizure.

One of our recent private money loans was in Ohio to help a church that was suffering from a domino effect. They had fallen behind on payroll taxes, which led to past-due taxes. They also fell behind on their mortgage. During all of this, the mortgage had ballooned, which drove up to their interest rate and payment. They needed help before they lost their sanctuary and that is when they heard about our private money loan program. We got to work and helped them negotiate huge debt forgiveness with their lender. We provided an interest-only loan to give them their desperately needed fresh start.

We also closed a private money loan in North Carolina for a church that did not have the funds to finish the construction of a gymnasium. They needed a quick closing to meet deadlines which they could not meet with a traditional lender. This was due to the fact that they did not have all of the financial information prepared or accessible needed for underwriting.

No matter what the reason is for a church to fall into financial crisis, we understand. As a matter of fact, most of us have faced troubled times in our personal lives so the same can and does happen to churches. Our private money loan programs offer an alternative to churches faced with losing their property. If your church falls into this category or your church is looking for a low-priced regular loan with long-term fixed rates.

Contact us today at 800-535-0270 for more information or email us here.

Boris Bast closes a commercial loan for a medical building

Boris Bast closes a commercial loan for a medical building

MortgageDepot’s Mortgage Loan Officer Boris Bast recently assisted a client in securing the financing for a single story, medical office building. The building is a total of 17,750 square feet with 3,708 square feet devoted to medical office space for a medical clinic and a medspa on the premises.

Boris was able to secure a commercial loan of $700,000 with a 30 year fixed rate by re-using the previously completed appraisal, no income, and with leases only. This single-story building was formerly owner-occupied and currently houses only two tenants. More importantly, this commercial loan was secured on behalf of the client in under 30 days! Boris was able to ensure the best financing option that left the entity in excellent standing overall.

Even the most unique opportunities in real estate can have specific challenges when one is attempting to secure funding. The Mortgage Loan Officers here at MortgageDepot are dedicated to matching you with the very best financial options available to secure your new home or business.


  • Property used as collateral
  • Property Cashflow
  • Rental Income counts as well
  • Income and assets of the guarantor
  • The credit of the borrower


  • Make sure your two most previous years – both personal and business – tax returns are completed and filed
  • Prepare year-to-date personal financial statements and business operating statements – no more than 60 days old
  • Locate your THREE most recent months bank statements – all pages
  • If you are refinancing a commercial mortgage loan: make sure you have your payoff statements, survey, title policy, and appraisal in hand.
  • If you are purchasing: the sales contract must be valid. If the contract will expire before the closing of your commercial real estate loan, get an extension in advance.
  • For investment properties, make sure all tenant leases are valid – ensure lease terms match the rent roll.
  • Put your accountant and lawyer on notice upfront that you are applying for a commercial loan. Inform them you will need up-to-date business and financial documentation immediately upon request.

Contact us at MortgageDepot 800-535-0270 when you want to obtain a commercial loan for your new or existing business or email us here.

Super Jumbo Loan Closing

Super Jumbo Loan Closing

Here at MortgageDepot, we assist our clients with the appropriate financing options for their mortgage needs. Often, traditional loans aren’t enough to buy the home you really want. A Jumbo Loan is a mortgage that exceeds Fannie Mae and Freddie Mac’s conforming loan limits of $484,350, or up to $726,525 in some high-cost areas. Also known as non-conforming loans, Jumbo loans, and Super Jumbo loans offer the flexibility of borrowing with fewer restrictions.

Recently mortgage loan officer Yuri Gokhberg assisted the Kotlyar family in obtaining a Super Jumbo Loan for a one-family residence on the waterfront in Brooklyn, NY. Initially, the family faced specific difficulties when attempting to secure a home mortgage loan. After being rejected by other financial institutions, with the support and expertise of a professional loan officer such as Yuri, the Kotlyar family was able to secure a 1.5 million dollar home loan for the purchase of the waterfront home of their dreams.

Jumbo loans are available for primary residences, vacation homes, or investment properties, and MortgageDepot can expertly guide you through the process of finding the best financial product to fulfill your dreams of home-ownership.


  • Flexible terms: Your loan, the way you want it, with loan options up to $15 Million
  • Ratios: Higher debt to income ratio allowed
  • non-occupying co-borrowers are permitted: A family member or friend who won’t be living in the home can co-sign to help you qualify
  • Options up to 90% LTV: We have a variety of programs available, get pre-approved today and start your home search immediately.
  • Fixed and ARM (Adjustable Rate Mortgage) programs available.


  • Loan amount may exceed the traditional loan limit of $484,350, or up to $726,525 in some areas
  • Low down payments: You won’t need a large down payment to get into the home of your dreams
  • Ratios: You can incur a higher debt to income ratio while still enjoying competitive interest rates and loan terms
  • Flexible terms: MortgageDepot offers several loan options based on your goals and qualifications.

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

© 2019 www.mortgagedepot.com. All Rights Reserved.
Licensed By The Following State Regulatory Agencies:
New York State Department Of Financial Services
Florida Office Of Financial Regulation.
Website Authorization By The New York State Department Of Financial Services Is Approved.
*Registered Mortgage Broker — New York State Department Of Financial Services – All Mortgage Loans Are Arranged Through Third (3rd) Party Providers’ NMLS # 1133788