• 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
Rental Property Program for Investors

Rental Property Program for Investors

We offer a 1-4 Unit Rental Property program specifically designed for the real estate investor. We bridge the gap between agency and private money, helping investors manage their single-family property investment portfolio with the purchase of additional properties or with refinancing existing loans.

  • Loan amounts from $75K to $2M
  • Rates starting at 6.125%
  • No tax return or bank statement programs available
  • LTV’s up to 80%
  • Credit Score 550 (500 case-by-case)
  • Fully amortizing terms up to 30 years

To contact us by phone call 800-535-0270 or email us by clicking here.

no income verification

 

Fundamentally Changing The Face of Hard Money

Fundamentally Changing The Face of Hard Money

Since the deregulation in 1980 “Hard Money” loans have been a accepted alternative to bank financing. With or competitors current rates from 9% to 14%, points ranging from 2% to 5% and most loans being short term bridge loans, it is obviously the last resort on any borrowers mind.

Over the years MortgageDepot has tried to close the gap from what hard money currently looks like to what we think hard money should look like. Well we are proud to announce that with the new expanded guidelines on our business purpose subprime product we have achieved our goal of fundamentally changing the hard money landscape forever! we are very excited to offer to residential and commercial property owners financing that is long term (no more pesky balloon payments), rates from 6.875 to 9.99 all at NO POINTS!

Gone are the days of waiting for private investors to potentially lend you money. Here are the days of truly institutionalized and usable hard money product. We highly encourage to reach out to one of our friendly mortgage loan originators here at MortgageDepot. Let our team of professionals educate you on how we can bring a cheaper long term financing alternative to our borrowers that either can’t qualify or don’t want to wait around to qualify for bank financing for their investment properties. CALL TODAY 800-535-0270. Some bullet points on our new product is below.

  • All loans are “NIS/NIV” NO INCOME STATED/ NO INCOME VERIFIED!
  • UP TO 80% LTV
  • Purchase and cash out transactions available.
  • 100% gift funds acceptable!
  • FAST CLOSING are an everyday occurrence. Typical closing times less than 2 weeks with ability to close in 4-5 days!
  • SFR, Condos, Townhomes and 2-4 units.
  • 5+units (multifamily), Mixed use, Office and Retail.
  • 3/27, 5/25 and 7/23 products available.
  • NO balloon payments ever! 30 year fully amortized loans!
  • Easy to understand and simple underwriting guidelines!
  • Rates from 5.99% to 9.99%
  • No points!!!!!
  • Buy down options available.

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

Stated Income Loans

Stated Income Loans

As a mortgage broker that knows stated income loans we specialize in the self-employed borrower who is looking for financing. Below you will see guidelines for our stated income loans.

Our Programs:

  • Up to 75% LTV
  • Credit: 650+
  • 30 yr Amortization
  • No income verification
  • No Tax Returns
  • No Pay Stubs
  • No seasoning
  • No verification of Funds
  • Unlimited Cash Out
  • From $100k to $5 Million

Our primary focus is in the quality of loan structuring to avoid the uphill battle of endless documentation needed to satisfy traditional and extra conservative conforming underwriting.

Our specialty:

  • Investment SFR 1-4 Units Multi-Family, (Primary allowed only in NY state)
  • Commercial Mixed Use or Office
  • Retail Warehouse
  • Self-Storage
  • Auto Service

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

© 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