Creative Non-Warrantable Condo Purchase Loan for Recent College Graduate
On behalf of a first-time home buyer and recent college graduate, we obtained a purchase loan and a home equity line of credit to allow her to purchase a non-warrantable condominium in North Miami Beach. The borrower was initially turned down by her bank, but we stepped in to get her approved by another lender. […]
Purchase Loan for Non-Permanent Resident from Canada
On behalf of our client from Toronto, Canada who holds an E-2 visa, we obtained a $180,000 purchase loan for a high-rise condominium unit in the midtown Miami area. Because she could not show sufficient income from tax returns to satisfy Fannie Mae and Freddie Mac guidelines, we got her approved instead through a bank statement program […]
Purchase Loan that was Clear to Close in Only 12 Days
On behalf of a family in Sunrise, Florida, we were able to obtain a $270,000 purchase loan that was clear to close in only 12 days. We also obtained a property inspection waiver to avoid $525 in appraisal fees. For more information, check out our 15-business-day guarantee program.
Purchase Loan for Auto Body Repair Shop
On behalf of an auto body repair shop who was previously turned down for a loan four times (due to poor credit issues such as collections and an IRS tax lien), we obtained a $619,000 purchase loan to allow the company to purchase the building it had been renting.
Cash-Out Refinance Despite Various Credit Issues
On behalf of a client with a lot of credit card debt, no recent tax returns, and too many non-sufficient funds (NSFs) on her checking account, we obtained a $120,000 cash-out refinance to allow her to use the proceeds to pay attorneys’ fees in an ongoing dispute with her business partner.
Purchase Loan in Florida for Out-of-State Borrower
On behalf of an out-of-state client who appeared to have limited income, we creatively relied on income she received from family members, as well as assets she jointly held with her family, to obtain a $320,000 purchase loan to buy a new home in Florida and close on the loan in less than three weeks.
Purchase Loan for Unemployed Borrower
On behalf of a client who had been unemployed for a few months, we used the lender’s bank statement program to prove the client had the capacity and cash flow to repay the loan, and obtained a $240,000 purchase loan to allow him to buy a new home and relocate with his family.
Cash-Out Refinance for Borrower with Multiple Arrearages
On behalf of a client whose credit score was in the 600s, we obtained a $240,000 cash-out refinance to allow him to use the proceeds to pay his credit card debt, delinquent real estate taxes, and other arrearages.
Purchase Loan and Business Line of Credit for Startup Gym
On behalf of a marketing executive looking to switch careers and open up his own gym, we obtained a $744,000 purchase loan, combined with a business line of credit, to allow his startup company to build the gym and acquire exercise equipment.
Construction Loan for Dog Grooming Company
On behalf of a dog grooming company, we obtained a letter of commitment from a lender for a $1.474 million construction loan to allow the company to build its storefront, and this letter of commitment offered better terms than those offered by two competing banks.
