• 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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Need A No Income Doc Loan?

Need A No Income Doc Loan?

Need A No Income Doc Loan?

No Problem with MortgageDepot, there are several types of no income doc loans out there and below is are the parameters for one of them.

Eligible Property Types

  • SFR’s, Condo’s, Town Houses Refi’s only are eligible.  Must Be Investment Property
  • 2-4 Family Owner and Non-Owner occupied
  • Mixed Use and Multifamily
  • Office
  • Retail
  • Warehouse
  • Self-Storage
  • Auto Service (No Gas Stations)

Program Highlights

  • No Income Documentation
  • Minimum Fico score 650
  • W-2 and Self Employed Borrowers Eligible
  • LTV’s as high as 75%
  • 30 Year Amortizations
  • Lending National

Call Today to speak to a loan officer about our no doc loans.

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

Home Renovation Financing

Home Renovation Financing

In all of the 203k presentations and education events over the last 20 years, the question always comes up; how long do these take? Then the next few minutes were always about a deal that took forever because of problems with the work or the value didn’t come in…the secret to each time..every time..on time, is to ask the right questions upfront and to try and get as close to the “target” as much as possible.

There are a number of moving parts to a 203k purchase and you want to limit the “moving parts” as best as possible. In a purchase transaction, you start with the purchase price (with a concession or not) and you need to ask the right questions on the “moving parts”.

FIRST QUESTION: What type of work are they looking to do.. so remember the last K-Tips about “Required/Desired” and addressing the utilities. But now the question is what are the anticipated costs of these work items.

SECOND QUESTION: What is the anticipated “as-repaired” property value going to be? With these key questions; the trick is to get as close as possible to these actual numbers
up-front, and avoid having to go back to the drawing board in the 3rd or 4th week.

In our experience, many people underestimate the cost of the work and over-estimate the property value once it’s completed. These few questions answered as close as possible in the beginning will help you avoid the “moving parts” and help you hit the “target”. What is the “target”?…..the actual costs of repairs and the actual “as-repaired” appraised value.

Ask the questions: What is the purchase price? What type of repairs are you doing? (required/desired/utilities) What is the anticipated cost of repairs? What is the anticipated property value once all the repairs are completed? If you hit these “target” questions…..you’ll close… each time…every time..on time.

At MortageDepot we are experts at home renovation financing, we have the experience to help you with your 203k financing.

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

Non-Conventional Bank Program

Non-Conventional Bank Program

As mortgage brokers, we are always looking for new programs that we can offer our clients. We have access to almost any mortgage program that exists. We are experts at non-conventional or also know as subprime loans or non-agency loans or non-conforming loans. These type of loans are offered only by certain lenders and are almost never offered by the big banks such as Chase, Citi, Bank Of America, TD Bank or any other large commercial bank. We have been in business for decades and we have emerged as the go to mortgage broker when it comes to getting it done.

Below is just a few notable mortgage programs that we offer.

Loan Amounts – $300,000 to $40,000,000
LTV – up to 75% apartments, mixed-use, office, retail plaza, student housing, mobile home parks
Min credit score 620
Terms / Rates start at 4.15%, 3-5-7-10 year terms, 25-year amortization with no balloon payments

  • Down payment gifts from family members acceptable
  • Credit issues
  • Foreign nationals
  • Prior foreclosures, Short Sales, Bankruptcies
  • Low Global Cash Flow ratios
  • Property condition or stabilization issues
  • Bridge Loans for upgrading and re-purposing properties
  • Step down prepay
  • Rate lock at application
  • Primary and secondary markets

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

Hard Money Bridge Loans

Hard Money Bridge Loans

Nationwide Bridge/Senior Loans | $2M-$50M

We are a unique real estate investment firm that originates, structures, underwrites and provides debt and equity funding for both income and non-income producing properties.  – We Have No Upfront Fees –

Our team has the background and experience to review projects and properties from the perspective of a lender as well as an active owner of real estate in multiple asset classes.


LTV / LTC    Up to 80%
Rate:    8-14%
Term:    1-4 years
Amortization:    Interest Only
Recourse:    Typically Flexible
Exit Fee:    Typically None
Extensions:    Up To 1 Point

Eligible Properties:

Residential (Multifamily/Condo Inventory)
Retail (Strip Malls and Stand-Alone)
Student Housing
Senior Housing
Office / Medical Office
Warehouses / Distribution/ Light Industrial
Mixed Use
Hotels / Motels (Flagged Only)
& Much More

About Us:

Our multi-disciplined team specializes in rigorous asset-level due diligence and strategic planning of all funding requests. By leveraging our internal resources, along with expertise obtained through our top-tier legal and local consultants, our customized finance structures often result in a win-win for all parties involved.

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

SBA Program Turned Down By Other Lenders

SBA Program Turned Down By Other Lenders

Sure, we love those prime SBA deals, but who doesn’t? Our SBA program is perfect for SBA loans turned down by other lenders.

Does your client’s business make money but was rejected by an SBA lender because of low credit, a past BK, back taxes or a similar reason?

SBA Parameters

Loans secured by businesses and business occupied real estate (>50%) only

• Loans from $250,000 to $5,000,000+
• No Restricted Industries (except those the SBA deems ineligible)
• No Property Type Restrictions (even land as collateral is acceptable)
• No Credit Score Minimum (>580 preferred)
• Past BKs, Foreclosures and Back Income Taxes on Payment Plans Ok
• No Collateral Requirement, Business Only Loans Ok
• No Geographic Restrictions and No Population Minimums

SBA Terms

• Quarterly Adjustable Rates Starting at Prime + 1.25 (4.75%)
• 5 Year Fixed Rates Priced at 5.75%
• 25 Year Fixed Rates Priced at 7.75%
• 25 Year Amortizations and 5%, 3%, 1% PPP on Real Estate Loans
• 10 Year Amortizations and No PPP on Business Only Loans
• LTV’s up to 90% on Generic and Semi-Generic Property Types
• LTV’s up to 85% on Special Purpose Properties Types (Hotels, etc.)

For more information contact us at 800-535-0270 

Mixed Use FHA

Mixed Use FHA

Not everyone is aware that FHA is biggest insurer when it comes to Mixed used properties. We are one of the largest mortgage brokers that handles FHA mixed use mortgages. Mixed Use Properties allowed on FHA, a minimum of 51% of the entire building square footage must be residential use.


• Mixed Use Properties
• MAX DTI is up to 56.99% per HUD.
• NO Minimum Tradelines
• NO Verification of Rent is needed.
• W2 Transcript Only program to 580 score
• Manufactured Homes OK!
• Manual Underwriting
• Minimum Score is 580
• Take a look at our Great Rates


• Manual Underwriting OK
• Minimum score is 580

Our Niche Lending / Non Prime loan programs

 Bank Statement Program
– multiple personal accounts allowed
– business bank statements
– up to 85% LTV
– self employed only

Stated Income for Jumbo Loans
-min score 700
-self employed only

Foreign Nationals

One day out of BK, Foreclosure or Short sale

Non-warrantable Condos / Condotels

To contact us by phone call 800-535-0270

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