MortgageDepot welcomes our latest lending partner, Rohit Suri, 1st Vice President of Wholesale Origination at Hanover Bank. Hanover Bank, established in 2009, has seven branches in each of the five boroughs, Long Island and Westchester.
Hanover specializes in predominantly Non-Qualifying mortgage products and investments in owner-occupied properties and mortgage loans for foreign nationals. Available for clients are also the “Stated Income” mortgage loans geared to one through four-family residential home purchases. Hanover offers lines of credit for investment co-operatives as well. There are additional investment opportunities for individuals, as well as Limited Liability Corporations (LLCs).
For instance, clients can also use their primary residence, 2-4 family property, using 75% of the rent and subtract it from the PITI payment. They are known as PITI Reduction. Add to these products, the advantage of “No title seasoning,” or the option of “No Seasoning of funds” that allow for easy access to capital! And first-time investors are all welcomed! So if you’re interested in securing a multi-family home or investment property, contact MortgageDepot to work with our latest lending partner Hanover Bank! Find us online at Mortgagedepot.com or call us today at (800) 220-LOAN.