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10/40 Fixed-Rate Interest Only Loans

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Why LendSure’s 10/40 Fixed Rate-IO Loans? Why not! Smart homeowners and property investors have an option to leverage their home’s equity and manage their monthly cash flow – all while locking in a low rate for 40 years. This innovative loan program provides homeowners with the flexibility to make low interest only payments or fully amortized payments without penalties.

  • Investment/business purpose loans qualify using the low IO payment and owner-occupied loans qualify with 30-year amortizing payment
  • No prepayment penalties on owner-occupied property loans
  • LendSure can finance origination and discount points with no out-of-pocket costs or impact on cash out
  • Financed points do not raise the LTV pricing bucket
  • Great way for property investors and self-employed borrowers to leverage their equity to increase their monthly cash flow
  • Eligible for ALL Full Doc, DSCR, and 12- or 24-month Bank Statement programs
  • Loan amounts as high as $3,000,000

5-8 Unit DSCR Investor Cashflow Program

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5-8 Unit DSCR Investor Cash Flow Program

LendSure’s innovative DSCR Investor Cashflow program is now available for 5-8 Unit properties for seasoned property investors. This program comes with the exceptional service levels and streamlined process that you’ve come to expect from LendSure.

  • Loan amounts under $2,000,000
  • Minimum DSCR of 1.10
  • Close multiple loans for the same investor at the same time
  • Up to 70% LTV for Purchase or R/T Refi
  • Up to 60% LTV for Cash-Out Refinance
  • No limit on the number of properties owned and can finance up to 10 properties for one investor
  • Industry-leading funding times
  • Qualify on interest-only payments – excellent for qualification and cashflow purposes, particularly
    with our 10-Year IO Period and 40-Year Term program
  • Credit score as low as 700
  • Rate buydown feature available with no additional cash at closing

Contact your LendSure Account Executive to talk through your borrower’s loan scenario.

LENDSURE OFFERS APPROVALS YOU CAN COUNT ON

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In today’s market, every opportunity is precious.  That’s why when LendSure issues an approval, you can count on that commitment.  If another lender has backed out of your deal and left you stranded, bring it to LendSure.  Our team of experienced Account Executives will work with you to get your deal funded.

As a valuable partner, LendSure is dedicated to your success and will honor our commitments.  We understand that you and borrowers hate last-minute surprises.

Contact your LendSure Account Executive to discuss your loan deal today.

 

HELP BORROWERS ACCESS THE EQUITY ON THEIR HOME

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HELP BORROWERS ACCESS THE EQUITY ON THEIR HOME TO CONSOLIDATE DEBT

CASH OUT LOAN OPTIONS OFFERED ACROSS MOST PROGRAMS

Rising home values mean borrowers have untapped equity in their homes. Help borrowers access that equity to consolidate debt with cash out refinance. Your LendSure Account Executive can help refill your pipeline by providing cash out loan options across a number of programs.

  • Available across most loan programs, including 12- and 24-Month Bank Statement
  • Cash out can be applied to reserves (if Super Prime or Expanded Approval, must be <70% LTV and >700 FICO)
  • Available for Non-Warrantable condos
  • Exceptions to cash-out amount will be considered based on overall profile
  • Finance origination or discount points with no effect on the cash out amount

Contact your LendSure Account Executive to talk through your borrower’s loan scenario today.

COMPETITIVE PRICING & EXPANDED OPTIONS FOR SECOND HOMES

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COMPETITIVE PRICING AND EXPANDED OPTIONS FOR SECOND HOMES

EXPANDED LOAN OPTIONS FOR SECOND HOMES

The demand for second homes has skyrocketed in the last couple of years, with affluent buyers looking for a place to get away and relax.  California, Texas and Florida are the hottest spots for second homes, but opportunities exist all over the country.

With conforming pricing on second homes on the rise, LendSure’s Non-QM loan programs offer highly-competitive pricing and expanded options not available anywhere else.

  • Highly competitive rates and unsurpassed funding times
  • All pre-qualifications are performed by experienced, in-house professionals, usually within 24 hours
  • Common-sense exceptions considered
  • 10/40 Interest-Only and 40-year loan term available
  • Non-warrantable condos and condotels permitted
  • Loan amounts up to $2,000,000
  • Multiple types of income considered
  • 12- and 24-Month Bank Statement Program (personal or business bank statements permitted)
  • Finance origination or discount points with no additional out of pocket costs

Contact your LendSure Account Executive to discuss your loan deal today.

Jumbo Just Missed – An Easier Solution with LendSure

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Jumbo Prime Just Missed

Loans up to $3,000,000 & Rates Starting at 3.125%

LendSure offers expansive Jumbo loan options so you can close larger loans with a lot less hassle.

  • Rates starting at 3.125%
  • Pricing is LTV and FICO driven – LTV’s less than 70% – rates are in the low to mid 3’s
  • No adders for self-employed borrowers
  • Cash out – up to $2.5MM
  • Non-warrantable condos will be considered.
  • Condo-tels will be considered.
  • Unlimited properties on the borrower’s REO schedule are okay.
  • Interest Only (10 year – 40 year available)
  • RSU income is okay – (we do not have a one-size fits all approach to the use of RSU income)
  • 6–12-month reserve requirement – not 18
  • Crypto-currency will be considered on a cases-by-case basis.
  • Major credit events seasoning – 4 years
  • DTI’s to 45% – no adder, can get to 50% w/adder
  • Business Assets CAN be used for reserves.
  • If Full Package – close your loan in 10 day.  Yes, we will use the appraisal you have in hand!
  • Bank statement income okay – 12 and 24 month programs
  • Aggressive Asset Depletion Program as well
    • Use cash out for depletion income
    • Assets divided by 60 months

Contact your LendSure Account Executive to discuss your Jumbo loan scenarios.

Close More Jumbo in June

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Non-QM Jumbo Loan Options

Loans up to $3,000,000

LendSure’s Jumbo loans offer more loan options so you can close larger loans this month.

  • Rates starting at 3.25%
  • Pricing is LTV and FICO driven – LTV’s less than 70% – rates are in the low to mid 3’s
  • No adders for self-employed borrowers
  • Cash out – up to $2.5MM
  • Non-warrantable condos will be considered.
  • Condo-tels will be considered.
  • Unlimited properties on the borrower’s REO schedule are okay.
  • Interest Only (10 year – 40 year available)
  • RSU income is okay – (we do not have a one-size fits all approach to the use of RSU income)
  • 6–12-month reserve requirement – not 18
  • Crypto-currency will be considered on a cases-by-case basis.
  • Major credit events seasoning – 4 years
  • DTI’s to 45% – no adder, can get to 50% w/adder
  • Business Assets CAN be used for reserves.
  • If Full Package – close your loan in 10 day.  Yes, we will use the appraisal you have in hand!
  • Bank statement income okay – 12 and 24 month programs
  • Aggressive Asset Depletion Program as well
    • Use cash out for depletion income
    • Assets divided by 60 months

Contact your LendSure Account Executive to discuss your Jumbo loan scenarios.

Win More Purchase Deals With Our Unique Non QM Loan Options

Win More Purchase Deals with These Unique Non-QM Options

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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.

Non-QM Program Enhancements

Non-QM Program Enhancements – March 2021

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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

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

Contact Us: (888) 707-7811