{"id":1621,"date":"2016-02-28T18:40:44","date_gmt":"2016-02-29T02:40:44","guid":{"rendered":"http:\/\/mortgagedepot.com\/?p=1621"},"modified":"2020-01-07T12:48:27","modified_gmt":"2020-01-07T17:48:27","slug":"non-conventional-bank-program","status":"publish","type":"post","link":"https:\/\/mortgagedepot.com\/non-conventional-bank-program\/","title":{"rendered":"Non-Conventional Bank Program"},"content":{"rendered":"<p>As <a href=\"https:\/\/mortgagedepot.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">mortgage brokers<\/a>, we are always looking for new <a href=\"https:\/\/mortgagedepot.com\/loan-programs\/\" target=\"_blank\" rel=\"noopener noreferrer\">programs<\/a> that we can offer our clients. We have access to almost any mortgage program that exists. We are <a href=\"https:\/\/mortgagedepot.com\/loan-officers\/\" target=\"_blank\" rel=\"noopener noreferrer\">experts<\/a> at non-conventional or also know as subprime loans or non-agency loans or <a href=\"https:\/\/mortgagedepot.com\/non-qm\/\" target=\"_blank\" rel=\"noopener noreferrer\">non-conforming loans<\/a>. 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.<\/p>\n<p><strong>Below is just a few notable mortgage programs that we offer.<\/strong><\/p>\n<ul>\n<li>Loan Amounts \u2013 $300,000 to $40,000,000<\/li>\n<li>LTV \u2013 up to 75% apartments, mixed-use, office, retail plaza, student housing, mobile home parks<\/li>\n<li>Min credit score 620<\/li>\n<li>Terms \/ Rates start at 4.15%, 3-5-7-10 year terms, 25-year amortization with no balloon payments<\/li>\n<li>Down payment gifts from family members acceptable<\/li>\n<li>Credit issues<\/li>\n<li>Foreign nationals<\/li>\n<li>Prior foreclosures, Short Sales, Bankruptcies<\/li>\n<li>Low Global Cash Flow ratios<\/li>\n<li>Property condition or stabilization issues<\/li>\n<li>Bridge Loans for upgrading and re-purposing properties<\/li>\n<li>Step down prepay<\/li>\n<li>Rate lock at application<\/li>\n<li>Primary and secondary markets<\/li>\n<\/ul>\n<p>To learn more contact one of our <a href=\"https:\/\/mortgagedepot.com\/loan-officers\/\" target=\"_blank\" rel=\"noopener noreferrer\">loan officers<\/a> who can help with financing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As mortgage brokers, we are always looking for new programs that we can offer our clients. We have access to almost any&#8230;<\/p>\n","protected":false},"author":70,"featured_media":15449,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[158,113],"tags":[],"_links":{"self":[{"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/posts\/1621"}],"collection":[{"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/comments?post=1621"}],"version-history":[{"count":0,"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/posts\/1621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/media\/15449"}],"wp:attachment":[{"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/media?parent=1621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/categories?post=1621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mortgagedepot.com\/wp-json\/wp\/v2\/tags?post=1621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}