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Wholesale Lending Search Menu
Residential Categories
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SFR's, 1-4 Units and PUD's with
conventional financing. Usually "A" credit grades.
For lower credit grades and high-end qualifying ratios, see Sub-Prime
programs. Most conforming and jumbo programs are underwritten to FNMA
guidelines for "packaging-out" for sale (or potential sale)
after funding.
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SFR's, 1-4 Units and PUD's with
non-conventional financing. Usually "B-D" credit grades
or higher qualifying ratios. Most lenders are "equity"
lenders and base lending decisions on property values, subordinate
financing levels. Be advised, many lenders fund with private investors
and base decisions on drive-by or personal inspections on a case-by-case
basis.
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Residential properties. Subordinate
financing programs. Underwriting both to FNMA and own
guidelines. For lower credit grades and high-end qualifying
ratios, see Sub-Prime programs.
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Mobile and modular homes both on fixed
(permanent) foundations and on "wheels" (chattel mortgages).
FNMA guidelines require a fixed foundation. However,
portfolio lenders will consider conventional financing without a
fixed foundation.
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Commercial/Investment Categories
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Multi-Unit Investment Residential properties
are a commercial product designed for apartment complexes, buildings and
limited co-op's. Underwriting to lender's own guidelines, LTV and
Debt coverage ratios. Be advised, many lenders have minimum loan
amounts or maximum number of units.
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Investment properties a commercial
product designed for investment, owner-user and special use
properties. Underwriting to lender's own guidelines, LTV and
Debt coverage ratios. Be advised, many lenders have minimum loan
amounts or limit lending to certain property type or specific areas of
investment.
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Specific and Short-Term Financing
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Programs for both residential and commercial
properties. Some lenders offer take-out financing and permanent
financing options.
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Programs for both residential and commercial
properties. Some lenders offer longer terms and higher LTV
ratios. Generally, most lenders require a 50% and limit lending to
specific use or zoning requirements.
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Short-term interim financing for both
residential and commercial properties. Generally, these are interest-only
loans with a duration of 1 year (or so). These lenders consider
investments on a case basis.
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