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SIVA program

Our SIVA (stated income verified assets) program is designed for High Net Worth Highly Qualified borrowers, with 700 minimum credit score, Owner Occupied, and Second Home only. The program is designed for self-employed borrowers only and it is a Jumbo loan program....

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Mortgages for Foreign Nationals in New York

Jumbo Fixed Rate and ARM Program Matrix Non-Agency Foreign National 5/1 LIBOR ARM (2/2/6 1 year Libor, Margin/Floor Rate 5.50%) Non-Agency Foreign National 30 Year Fixed All loans must meet HPML and ATR requirements to be eligible. Full Income and Asset...

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Bridge and Hard Money Loans

Having access to the right type of financing for your unique situation or loan request is critical, and MortgageDepot strives to carry a full line of financing options for traditional needs as well as for unusual or unique needs. While many will qualify...

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FIRPTA Withholdings Increase

ATTENTION: Changes to the Foreign Investment in Real Property Tax Act (FIRPTA) 10% withholding becomes 15% withholding on February 16th! Under FIRPTA, the current US federal statute in the stipulates that when a foreign person sells US real property, at...

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Your First Stop for Home Finance

In today's economy, financial markets fluctuate constantly, and mortgage rates change often, sometimes 2 or 3 times a day! To get the most current rates, take a few moments to complete our questionnaire. Tell us about the type of loan you are looking for,...

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Rates Have Dropped January 2016

The stock market had one of its worst days in 2016 dropping 249 points causing the interest rates to drop even lower than they already are. We are advising everyone who has not yet had a chance to refinance their property which is located in New York, (we...

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Conforming Loan Limits

For those looking to achieve a home loan in 2015, they should know nothing has changed for the upcoming year as the Federal Home Finance Agency has decided to leave the mortgage loan limit alone for the tenth straight year. It remains set at $417,000 for a...

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Now You Can Get a Mortgage Without a FICO Score

If you have tried to get a mortgage recently, you may be aware that one of the first things a lender or mortgage broker will do is to pull your credit report. Your FICO credit score and credit history are critical to qualifying for most loan programs. In...

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Coop Mortgage Rates in New York

We, at MortgageDepot, understand coop financing better than anybody else. We have years of experience in coop financing and with that experience it translates into the most competitive coop mortgage rates and coop loan programs. So let us walk you through the most...

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How To Calculate Social Security Income

Are you a retired individual who receives social security income? If so, you may have found it difficult to acquire a mortgage loan. Retirees often find that their debt to income ratio is not up to conventional lending standards, or that their social...

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The Expanded Plus Program

It is with great excitement that we announce the release of our newly created niche program, The Expanded Plus Program. In essence, to ensure all borrowers are receiving their fair share of mortgage financing while expanding our pipeline potentials, we are...

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Mortgage Product Update

From time to time, there are positive changes in underwriting and lending requirements that can be very beneficial to borrowers like you. If you have previously looked at a Freddie Mac loan and have been told that the loan program is not quite suitable for you, you...

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