If you are a banker and work for a large banking institution there may be times when you have trouble qualifying your clients for a mortgage or need to finance tricky deals.

Large mortgage lenders like Bank of America, Wells Fargo, Chase Bank, TD Bank, US Bank often turn away borrowers when they have trouble qualifying for a mortgage or need to finance tricky deals because big banks don’t necessarily specialize in home mortgages.

Some bankers who work for large lenders establish a professional relationship with brokers who typically have access to far more loan products and types of loans than a large-scale bank, whether it’s FHA loans, VA loans, jumbo loans, a USDA loan, or simply a borrower with bad credit.

Case Study

For example, a client wanted to buy a lot to build a luxury home, but a large bank could not offer a loan for a residential lot. The bank referred the client to us. We were able to work with this client to match him with a product. He closed in 30 days. The client is planning on building his dream home. In a few months, he will need a construction loan to begin building. We will help him close that loan as well.

When you work with a broker, you will have a more personalized loan experience. We can carve out solutions to your mortgage needs, whether it’s a low down payment, limited credit history, limited paperwork, or the desire to limit closing costs, etc.

Programs for Bankers

These are programs we can offer to the bankers that they do not have access to.

Loan Document Requirements:

  • Bank Statement (For Self Employed and 1099 Borrowers Who Can’t Provide Tax Returns)
  • Credit Scores Down To And Below 500 FICO
  • No Ratio
  • No Document
  • No Income Verification
  • Asset Depletion (Do you have a large savings balance? It can qualify as income.)
  • Stated Income for 1-4 Unit Properties

Type of Borrower:

  • Foreign Nationals
  • ITIN Borrower

Types of Properties:

If you are a banker and are interested in learning how we can help your existing or future clients, I can offer SIMPLE solutions for your bank declined deals.

Offering full documentation, stated income and no tax return programs:

  • Loans up to $25,000,000
  • Rates down to the 5’s
  • 1,2,3,5,7 & 30 Year Fixed
  • Including Blanket Loans
  • Purchase, Refinance and Cash-Out options available
  • Low FICO Minimum
  • Cross Collaterization
  • Up to 80% Loan-to-Value
  • Unrestricted Cash-Out

Contact us for more information here or learn more about David A. Krebs.

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