Lenders wanted

CA, Single-Family, Purchase, $700K, 700 FICO, 75% LTV
Posted on 5/12/2016 2:30:42 PM

Client had Chapter 13 (business) discharged 2 years ago. -Otherwise spotless credit.

  • by Eugene Carpenter on 8/17/2016 7:30:01 AM





    * 100% Financing & No LTV Restrictions
    * Purchase, Purchase/Rehab, Refinance: No Cash Out
    * Refinance/Rehab: Debt Consolidation
    * Construction
    * 30 Year Term, No Pre-Payment Penalty
    * Approximately (+/-) 1% Fixed Rate. No Rate Restriction
    * No Credit Check (FICO): Asset Based
    * Minimum Loan Amount is: $350,000.00 and upward. No maximum
    * 2nd Home/Vacation Home is underwritten case by case


    4.5% of the loan amount/loan request; includes Bond Premium, Lender, Underwriting, and Appraisal Report & Survey Fees.

    Client: Needs to provide (Proof of Funds of: 4.5%) to start submission.

    Client pays invoice after receiving their loan quote from underwriting upon approval “Must be paid in Order to proceed”.

    Funds are wired to: Trust Account @ Wells Fargo Bank (BCL: Bank Capability Letter: Generated at the time).

    Brokerage Commission: 4% of loan request; is due at the time of funding. Purchase/Re-finances: This fee can be built into the loan request. (Brokers are protected).

    30-45 days for closing.


    1. Submit the Uniform Residential Loan Application 1003 along with Proof of Funds to Dawnn L. Long, Alexis Realty Solutions at dawnnlong@gmail.com along with your referring Alexis Consultant’s name. You will also need to provide Purchase Agreement.

    2. The underwriter will require the following:

    A. Purchase Agreement
    B. Financials
    C. Appraisal
    D. Title work
    E. May ask: Land Survey

    3. After approval of your loan, you will receive a Funding Addendum that you will need to have your client sign and notarize and wire the 4.5% bond money within 24 hours.

    4. Upon client’s request you will receive an Approval letter.

    Please note the following:

    • Closing cost is a tax write-off.

    • Broker fees are also a write-off; tell your clients keep all statements and receipts we provide to them.

    • 4.5% bond funding is also a tax write-off.

    • Inspection Fee Included.

    • You can use this loan product to refinance current home as well as follows: (Use the same 1003 Application)

    - You can pay off your current mortgage by providing lender’s name and home owner insurance company, agent, address and phone number.

    - You can pay off your debts

    - You cannot get cash back on this loan product

    Account Executive
    (414) 779-4730 cell
    Email: creditconcepts365@gmail.com

  • by Climax funding group @gmail.com on 6/20/2016 1:11:50 PM

    We do has lenders for your project. Kindly contact us to initiate the funding process.

Reply to this post

Name (required)
Message (required)
By submitting, I agree to the Terms & Conditions

Lenders wanted View all

State Requested Amount Property Type Loan Type FICO LTV Posted
NY $750K 2-4 Family Purchase 700 10% 5/11/2016
Details description Mortgage for sale in the heart of Brooklyn. MORT AMT: 750K 5YR@%. Will increase ROI up to 10%. Please schedule an appointment. (516)425-6600.
CA $K Other Refinance 1 3% 5/11/2016
Details description Have you been looking for financing options for your new home purchase, construction, real estate loan, refinance, debt consolidation, personal or business purpose? Welcome to the ...
PA $340K Single-Family Purchase 580 79% 5/7/2016
Details description Hard working Family man relocating for work. Will have 60,000 money down from proceeds of sale of current home. Looking for a 18-24 Month term with amortization on 30 year term. ...


Is TILA-RESPA a good or bad thing long term?