LendSure Financed Rate Buy-Down
Finance Lender or Broker Points with No Additional Cash at Closing
LendSure offers borrowers the additional flexibility to buy down their rate and finance the points.
Program features:
- Lender and broker points can be financed into the loan (up to 2%)
- Financed points do not raise the LTV pricing bucket
- Up to 87% LTV when financing points (at the 85% pricing tier)
- Borrower does NOT have to bring additional cash to close
- Lower rate significantly lowers the borrowers’ monthly payment
- Finance broker points for borrower-paid comp
In today’s economy, self-employed borrowers have had difficulty qualifying for a mortgage because of challenges documenting their income, write-offs on their tax returns, and various other difficulties. In this brief but informative webinar, you will discover the keys to overcome these challenges while making the loan process as smooth as possible.
Discover how to:
- Tap into this lucrative market by offering solutions designed for the unique needs of self-employed, business owners, and high-commission salespeople
- Obtain bank statement qualifying income without a full loan package
- Expand your market share and grow referrals by finding and marketing to local prospects
- Address common misconceptions about loans to business owners and people with higher than average write-offs
LendSure has designed loan programs that are designed to meet the needs of today’s buyers so they can make more winning offers. Check out some of our key program options.
- Fast Funding for Fannie Fallout – We’ll accept transferred appraisals and close in 3-8 days with a full package submission.
- Obtain an extensive, common-sense pre-qualification from an experienced in-house underwriter, not a computer-generated pre-qual.
- 2-, 12- and 24-month Bank Statement programs
- Buy down rate with no additional cash at closing. Secure a lower interest rate with no out-of-pocket costs
- Investor Cash Flow – Your ratio is your income with no other income docs required. DSCR Ratio of .75 for purchase and 1.0 for refinance. AND Qualify on 10-Year IO payment!
- Loan amounts as high as $3,000,000
- Cash Out up to $1,000,000
- No reserves required for LTVs under 65%
- Condotels and Non-warrantable Condos Financing
- Highly competitive rates and unsurpassed funding times
- Qualify for higher loan amounts by combining Full Doc income with Asset Depletion
Contact us today and let’s discuss your loan scenario.
Full Doc & 12- & 24-Month Bank Statement
- Up to 80% LTV Purchase | 70% LTV Refi
- Loan Amount up to $3,000,000
- Cash Out Up to $500,000
Investor Cash Flow (DSCR)
- Debt Service Coverage Ratio of .75 for Purchase and 1.0 for Refis
- Up to 80% LTV
- Loan Amount up to $1,000,000
- Cash Out Up to $500,000
Foreign National
- Up to 75% LTV
- Loan Amount up to $500,000
- Cash Out Up to $500,000
Across All Programs
- Qualify on 10-Year Interest Only – Great for cash flow!
- Buy Down Rate with No Additional Cash at Closing
- No Reserves Required for LTV under 65%
- Highly competitive rates and unsurpassed funding times
Whether your borrower is self-employed, a foreign national, or a property investor, LendSure offers cash-out options so that they can access the equity in their homes. LendSure offers cashout programs up to $1,000,000 and it’s available across practically all our Non-QM loan programs.
- Available across all loan programs, including 12- and 24-Month Bank Statement
- DSCR interest only cash-out qualifies on the IO payment with loan amounts up to $1,000,000
- Cash out can be applied to reserves
- Available for Non-Warrantable condos
- Exceptions to cash-out amount will be considered based on overall profile
Contact your LendSure Account Executive to talk through your borrower’s loan scenario today.
Did you know that there are over 43 million investment properties in the United States?
Debt Service Coverage Ratio (DSCR) loans focus only on the cash flow of the rental properties, with no other income documents required!
Today’s property investors typically own multiple properties and are continually adding to their investment property portfolios. Learn how you can create a steady stream of purchase and refinance loans by meeting the needs of these property investors.
You’ll Learn:
- How to calculate rental income DSCR (Debt Service Coverage Ratio)
- Where to access property investors in your area
- How to lower rates for property investors with our exclusive “buy down” feature – with no additional cash at closing
- The various documentation options available and how to find the perfect fit for your borrower
- How to offer enhanced program features not found in conforming investment property loans
LendSure now offers a 2-Month Bank Statement Programs come with extensive, common-sense prequalification, usually within 24 hours. You can say yes with confidence, knowing that LendSure has minimized surprises down the road.
- Only 2 months of Personal or Business Bank Statements needed
- 12 months of 3rd Party CPA prepared P&L statements required
- Available for owner-occupied properties
- Highly competitive rates and unsurpassed funding times
- LTV up to 70%
- Loan amounts up to $3,000,000
- Borrower does not have to be 100% owner of the business
- Business expense ratio as low as 10%
- Must be self-employed in the same business for 2 years
- 720 minimum credit score
Our knowledgeable Account Executives are experts in Non-QM loans and will help you find solutions for your borrowers so you can close more deals each month. Contact your LendSure Account Executive to talk through your borrower’s loan scenario.
General Enhancements
- Up to 90% LTV for First-Time homebuyer
- No adder for 24-month Bank Statements – Pricing is the same as Full Doc!
- No reserve requirements for:
- Purchase loans with LTV up to 65%
OR - FICO over 740 in Expanded Approval
- Purchase loans with LTV up to 65%
2-Month Bank Statement Program
- Only 2 months of Personal or Business Bank Statements needed
- 720 Minimum FICO
- Loan amounts as high as $2,000,000
- LTV up to 70%
- Must be self-employed in the same business for 2 years
- 12 months of 3rd Party CPA prepared P&L statements required
One Year Income Doc Program
- One year W2 + Recent Pay Stubs or one year 1099
- LTV to 80%
DSCR
- DSCR as low as .75
- Up to 80% LTV for Purchase & 75% LTV for R/T or Cash-out Refi
- No reserves required for LTV up 65% LTV and Only 3 months reserves required over 65%
- Cash out may count towards reserves
Foreign National
- Up to 75% LTV for purchase transactions
- No reserves required for LTV up 65% LTV and Only 3 months reserves required over 65%
- Cash out may count towards reserves
Condotel Loans
- Up to 75% LTV for Purchase Loans
- Up to 70% LTV for R&T Refinances
- Up to 65% LTV for Cash-Out Refinances
Originate More Purchase Business and Realtor Referrals.
In today’s highly competitive housing market, having the right solutions is crucial to getting more purchase business and realtor referrals. In this brief, but jam-packed webinar, learn about:
- Loans that help borrowers make non-contingent purchase offers
- Generating more referrals from Real Estate Brokers
- Attracting more purchase business
- Emerging opportunities and how to capitalize on them
