Purchase Loan for Penthouse Miami Condo – No Calculation of DTI
Our client, a seasoned real estate investor who just retired in Los Angeles, California, wanted to move to Florida. He was under contract to purchase a high-rise penthouse in Miami Beach. However, given his recent retirement, he was not able to show income through tax returns. We placed our client under a very niche loan […]
Cash-Out Refinance for Canadian Foreign Nationals on their Second Home in Florida
Our clients, a Canadian couple, were looking to do a cash-out refinance on their second home in Hallandale Beach, Florida, which they owned free and clear of any mortgages. They needed to tap into the equity of their home to pay off medical bills. However, because their income dipped while out on medical leave, they […]
Purchase Loan for Florida Home – No Income or Employment Verification
Our client, a Florida native, wanted to move back home from Atlanta, Georgia. He was under contract to purchase a single-family residence in the Jensen Beach, Florida area. However, he was having difficulty getting approved by his bank for a loan. His debt-to-income ratio (DTI) was too high. As a 1099 contractor in the logistics […]
$2M Loan for Green Card Holder to Purchase New Construction Condo
Our client was under contract to purchase a new construction condominium in Hollywood, Florida for $2.63 million. The deal had two major challenges. First, the condominium was one of ten units in a newly constructed project. At the time, only one other unit had sold. This was a major roadblock, as most lenders require that […]
First-Time Homebuyer Qualifies Based on Self-Prepared P&L Statement
Our client just graduated college and was looking to purchase his first home. However, he was turned down by a bank because his debt-to-income ratio (DTI) was too high. As a new architect just starting out, his tax returns did not show enough income to satisfy the bank’s criteria. Additionally, he did not have a […]
Rental Portfolio Loan Program: A Game-Changer for Argentinian Investors in Florida Real Estate
Overcoming Obstacles for First-Time Investors The rental portfolio loan program is a great solution for tricky investment property scenarios. Our clients, two ambitious foreign nationals from Argentina, set their sights on breaking into the U.S. real estate market. They discovered three promising single-family homes in Fort Pierce, Florida, and were eager to invest. Despite being […]
Rate-and-Term Refinance for Self-Employed Borrower under 1-Year Tax Program
Our client, a self-employed individual, was looking to lower his interest rate on his primary residence in South Florida, but he was having a difficult time getting approved. Other lenders required two years of tax returns, but because he just started a new business in 2019, his 2019 tax returns showed little income. He also […]
Rate-and-Term Refinance on Agricultural Farm Home in Marion County, Florida
Our client, the owner of a ranch-style farm home sitting on 40 acres of agriculturally zoned land in Marion County, Florida, needed to refinance her private note that was about to balloon. Before finding us, she was turned down by several other lenders due to her debt-to-income ratio (DTI) being too high. We helped her […]
Cash-Out Refinance Lowering Interest Rate from 15% to 2.625%
Our client, a registered respiratory therapist (RRT), came to us for help to refinance the hard money loan on his Miami property. His interest rate had ballooned to 15%. The challenge with his file was his inability to show 2 consecutive years of income, due to a break in employment while he went back to […]
Only 10% Down Payment on Condo Purchase Loan
Our client, a first-time homebuyer, was looking for a loan to purchase a condominium unit in Miami Beach, Florida. But, she had two problems. First, she was looking for high leverage, as she could not afford to make more than a 10% down payment. Second, the homeowners’ association’s (HOA’s) budget did not appear to show […]
