MortgageDepot recognizes that financing the purchase of a property based on the sale of another can be a challenge in this competitive sellers’ market. We offer a cross-collateralization financing option to achieve higher LTVs. It allows borrowers to leverage their equity in departing residences, investment properties or second homes as down payment.
PROGRAM HIGHLIGHTS
Lending Details
- Primary residences, second homes, investment property types
- Purchase and Refinance transactions
- Available only for Wholesale Portfolio Products
100% Financing when the following conditions are met:
- Purchase transactions
- Combined LTV is at least 5% below the published guidelines
- 12 months reserves
MORTGAGEDEPOT BENEFITS
The MortgageDepot Difference
- Common sense UW approach
- True Non-QM portfolio products
- Wholesale and Correspondent delivery
- Commercial and Income Property Lending
- Loan amounts to $25M
- High DTI ratios considered
- Interest-only options
- Privacy Mortgages
- Vesting in trust, sub S corporation, LLC and partnerships
Have questions or need help?
Call us now at 800-220-LOAN
Request a call back or email us your questions!
