NEW Official Wholesale Lender Product List

[Erik]

Wholesalers,

Let us all know what products you still have! Brokers are hungry for great products in the current lending landscape and this is your chance to earn some new business. All non-wholesale-product-posts will be deleted! This is a reference thread only - thanks!

In addition to posting your product information here, be sure to add it to our new mortgage wiki. You can create a page for your company (if one does not exist already) and add any information you like to that page. If you don't know how to create a page in the wiki just send me (Erik) a private message and I will help you do it and show you how to edit the page once it's created. I can also help you get your company's page listed in the general wholesale lender category of the wiki.


Brokers,

Feel free to encourage your AE's to post product information here and in the wiki. The more we help each other out the more we all benefit! The only way the market is going to recover is by doing more business and having knowledge is one of the best ways to do more business.

Thank you for your continued support of MortgageBrokerLand and for making this one of the best mortgage sites on the web!

Erik

[lindaAE]

Merry Christmas & Happy Holiday


Looking to Qualify More Borrowers?

Need More Program Options?

Take a Look at what Greystone Financial has to offer:



· We can use CURRENT APPRAISED VALUE FOR CASHOUT REFI if less than 75% CLTV (O/O only) with less than 12 months seasoning.



· Retired borrowers allowed for SISA to 95%.



· Wage earners allowed on SISA to 95%.



· FTHB allowed on SISA and SIVA.



100% Financing available



Linda Bejanian
Greystone Financial Group Account Executive
818-825-7367 Cell
818-484-2454 Efax
lindabj882@yahoo.com

submission process
1. Fax the submission form & the complete loan package to 818-484-2454 without the appraisal.
2. Email the PDF appraisal to lindabj882@yahoo.com

3. Email the FannieMae 3.0 file or higher to lindabj882@yahoo.com and reference borrowers last name and lien position (1st loan or 2nd loan)

Documentation Requirements

1. Greystone Financial Group Submission From.

2. 1003 & 1008 (need original signed 1003) 3. Credit Report.

4. Purchase – Signed Purchase Contract.

5. Refinance – Prelim.

6. Broker Disclosures.

7. Borrower’s Authorization.

Greystone Financial Group

Rate Sheets:http://www.greystonefinancialonline....ts/default.asp

These are the following states that I CAN LEND IN currently AZ, CA, CO, DC, MD, NV, NM, OR, TX, UT, VA, WA, FL, ID and now HI.

[CommercialLender]

Brian Tully
Account Executive
Lighthouse Commercial Mortgage
614-340-3894 (Direct)
btully@lighthouse-commercial.com

[brich134]

65% LTV
business owner bank statement
559 fico
been on title for 7 months bought loan out of foreclosure
540k loan amount
Rate and term trying get loan in his name

[Wilson Acosta]

Commercial Loan Programs

Lending Area: Nationwide (Including Alaska & Hawaii)

Property Types:

Multi-Family, Mixed Use, Office, Retail, Strip Malls, Warehouse, Mobile Home Parks, Self Storage, Auto Services, Bed & Breakfast, Light Industrial, Gas Stations, Churches, Day Care Centers, Flagged & Un-Flagged Hospitality, Funeral Homes, Rooming Houses, Bowling Alley, Motels, Hotels, Education and more…

Loan Amounts: $75,000 to $20 Million

Credit Requirements: 640 minimum FICO score

Programs: Highly competitive with a wide array of rate plans including:

• 1, 2, 5 year fixed terms with 15, 20, 25 and 30 year amortizations.
• Stated, Full Doc. and DSCR.
• Purchase, Refinance and Cash-Out.
• Foreign Nationals Allowed with a valid Visa and Social Security Card.

Loan to Value:

• Varies with cedit score and property type Max 80% - 90% CLTV
• Seller Held Seconds and Gift of Equity Allowed

DSCR: (Debt Service Coverage Ratio) [list][*]1.00 minimum on Stated and Full Doc.[*]1.20 minimum on our DSCR Program

Guarantees:
- Full Recourse, Personal Guarantee Required

Additional Info:[list][*]Trust, LLC, Corp. entity acceptable[*]No Seasoning Requirements[*]Unlimited Cash-Out on Refinance[*]Loans are Fully Assumable[*]Blanket Loans are Available

Contact:
Wilson Acosta
Tel: 813-777-1969 E-Fax 954-616-1175

W.Acosta@GMCmtgCap.com
or
Wilson.Acosta@cfsoftampabay.com

[Mr. Options]

Loan Remods
$800.00 flat fee first mort
$200.00 for second mortgages
No payment needed for pre qualification
Attorney verification can be granted (verified)

JV- VC
Commercial Projects
Income producing ONLY
(Existing or expanding projects are the only ones we seriously take a look at)
(Residential development projects with 30-40% presold will be strongly looked at)


Silver Rock Equity Funding Home Page

[Wilson Acosta]

RESIDENTIAL HARD MONEY
GUIDELINES

Occupancy: Owner Occupied, NO/O, 2nd Homes, Investment

Loam Amounts: $125,000 Minimum

Property Types: SFR, 2-4 Family, Townhouses, Condos & PUD’s
Condos / PUD’s / TownHomes = 60% Max LTV

Sates: AZ, CA, FL, HI, ID, OR & UT
FL Max LTV = 65%

Credit: Current NOD /NOS / Foreclosure = 60% Max
Multiple FC’c OK w/ <40% DTI

CLTV’s: Subordinate Financing Ok – 75% CLTV Max

Rural Properties: 55% LTV Max – Case by Case Basis

Income: All Fixed Income MUST be FULL DOC –
SS can be grossed up 25%
Rental Income Uses 75% Occupancy Consideration
Stated Income (W-2 or S/E) Verbal & Written VOE’s (Employment Only not Income)
NINA Loans – Not Allowed

Ratios: Borrower Must Have Ability to Pay – 50% DTI Max

Assets: Must be Stated on 1003

Cash-Out: Unlimited Cash-Out

Properties Owned: No Limit

Loan Terms: 1/29 ARM’s – 2/2/6 CAP’s – 5 Years I/O Standard

Pre-Payment Penalty: 2 Years @ 6 Months

Predatory Lending: No High Cost Loans – Must have Tangible Benefit to the Borrower

Contact: Wilson Acosta - W.Acosta@GMCmtgCap.com