Mortgage Clearing House

1 to 4 unit properties
Purchasing 1 to 4 unit properties will keep you in residential financing. Once you move beyond that 4th unit, you move into commercial territory. Though we do provide both residential and commercial financing, please remember that these two types of loans differ like night and day. Whether you are looking at a single family home or a 4 unit apartment buiding, we can provide financing whether it is going to be a Primary Residence, 2nd Home or Investment Property.

100% Loans
Purchasing an investment property at 100% can help alleviate the unnecessary out of pocket expense needed with the traditionally offered investor loans. Most lenders offer investment loans in the 80% - 85% range of the purchase price. It is a risk assessment for the lender and most are not experienced in this element and they choose to stay away. We on the other hand have been doing this for quite some time and are very dedicated to our clients. Qualifying is easier than you may expect. Utilizing 100% purchasing power on your investment property leaves you available cash to make the desired repairs and or upgrades to allow you to sell the property for a higher profit. Please remember, even though we are offering you the availability of 100% lending on your investment property, there will still be times that you may need available cash for your closing costs. Let us help you with that as well. The technical term is Seller Concession. This is a phenomenal tool to again save you money at closing. The rule of thumb is that the seller can offer 3% of the purchase price towards the buyer’s closing costs. So if you are purchasing a $200,000 investment property the seller can contribute $6,000 towards your closing costs! That is huge!

No Income Verification
We have the ability to provide investor product loans to you with verification of income. That is absolutely key to an investor! With Full Documentation loans, you must provide proof that you can handle your current mortgage payment, monthly obligations and the new investment purchase compared to your gross monthly income with a DTI (Debt to Income) less than 45%. Most investors do not fall into this category, and that is very understandable. What we have the ability to do is bring your loan in with no income, none, nada. You do not have to qualify that you can make the payment. Your income will never be asked or verified. If you are purchasing a property that you intend to repair and put back on the market for profit, you just have to know that you will need to make a few payments until the property has sold. No Income Verification loans are the easiest way to make it possible to purchase your first investment property and start your path as a real estate investor and financial freedom.

No Previous Investor Experience Required
Typically speaking when you try to get an investor loan, a lender will ask you how much experience do you have with property management. They want to understand what type of risk you are going to be and what percentage should they lend. If you are inexperienced you are going to be in the 75% - 80% lending of the purchase price range. Experienced property management generally will earn you between 80% - 90%, assuming of course you qualify with their other requirements.

The loans that we can offer to you do not consider property management experience. Now please understand if you are an experienced investor with property management experience, you will qualify for different programs and have the availability to purchase more properties at time. So whether you are just starting out as a real estate investor or are a seasoned trader we can help you with your purchase transaction.

No Mortgage Insurance
Mortgage Insurance – costly and non-tax deductible. If anyone has experienced MI (Mortgage Insurance) on their Primary Residence, imagine roughly tripling it to equal about what MI would be on an Investment Property. Just plain expensive. MI must be put in place when ever your LTV (Loan to Value) is over 80%. In other words if you take a loan of over 80% of the value of the home, you will have MI. The only advantage of MI is to protect the lender in case you fall in default on your loan. No benefit to you what so ever. So what we have done is “split” our 100% loans into 2 loans, a 1st and a 2nd. Simply put, you are avoiding the Mortgage Insurance because you 1st loan is going to be 80% or less! Then we combine a simultaneous closing of the 2nd loan to encompass the entire 100% loan. Twice the work for us, better loan and payment for you and quite frankly that’s all that matters!

90% Commercial Loans
Most Commercial loans are in the availability rage of 60% - 70% of the purchase price. Also they tend to be very difficult to get qualified for. We don’t believe in making things difficult. Know that when you come to us for a Commercial property we are going to want to see a “Net Income Operating Statement” and/or “Rent Roll”. By providing us with a 24 month history this will allow us to accurately cash flow your potential purchase. A nice advantage of purchasing a Commercial Property is that we have the capability of looking beyond just the borrower and concentrate on the property being purchased to achieve approval. If the property in question is a “home run” of a purchase, the borrower doesn’t always have to be an excellent borrower in terms of credits score and typical and customary qualifying recommendations. Commercial loans are truly taken on a loan by loan basis. Each property is different just as each borrower is different. If a good match is met, we have a great possibility of getting the loan through easily