About Us
We are a wholesale broker representing a variety of lenders offering low rates and
creative financing options. Our rates are low because we do not charge a lot per loan;
we are more interested in volume. Like most mortgage companies, we offer Conventional, FHA, VA,
USDA, and Jumbo loans (collectively known as QM, or Qualified Mortgages) for both purchase
and refinance transactions in a 1st lien position, both fixed and adjustable rates. We
also offer Non-QM (see #10 below for details). Finally, we also do HELOCs (home equity lines
of credit) in a 2nd lien position. Specific examples include:
1. Use a concurrent, aka piggyback, HELOC to:
a. Purchase the new home before selling the old home
b. Avoid Jumbo rates and/or underwriting guidelines on the 1st mortgage
c. Avoid mortgage insurance
d. Avoid a Full Review and instead use a Limited Review on a condo
2. Assets as income: Don't have a job or own a business, but have a lot in a bank
account, brokerage account, etc.? Use that to qualify.
3. Renovation loans: Close in a normal timeframe (i.e. 30 days), finance the cost of
improvements, and have the work done over a maximum of 6 months post-close.
4. Lock 'n' shop: Worried about rates continuing to rise? Lock in today's rate, up to
180 days out, without being under contract yet. Float down policy in place should rates drop.
5. Under contract on a new build that won't be complete for awhile? Lock up to 180
days out. Float down policy in place should rates drop.
6. Discount on closing costs for under-served areas, a Fannie Mae program (current
as of today, October 3, 2022; no expiration date given). Discount is 0.75% of the loan
amount, so a $300,000 loan would have a $2,250 discount, a $200,000 loan would have a
$1,500 discount, etc. Applies to the following zip codes: NE: 68107, 68111; IA: 50313, 50314,
50315, 50316, 50703, 51023, 52208; VA: 23075.
7. Closing cost assistance from $1,000-$2,500 in the form of a gift that never needs to
be repaid, a pilot program by Freddie Mac. Income limits apply.
8. Down payment assistance for FHA and USDA loans in the form of a 2nd
mortgage. Negotiate a seller concession to cover your closing costs and you could
literally be zero out of pocket.
9. FHA and VA loans down to a 500 credit score, USDA down to 550.
10. Non-QM:
a. Self-employed or own a business but don't qualify for a QM due to all of your deductions?
Qualify off of your bank statements in lieu of tax returns.
b. Community Mortgage: Qualify for a primary residence or vacation home using your
credit score, down payment, and reserves (funds left over in your possession after closing).
Your personal income or debts will not be factored in.
c. DSCR (debt service coverage ratio): Qualify for a rental property purchase using
the cash flow of the property. Your personal income or debts will not be factored in.
d. Close in an LLC, corporation, etc. instead of as a natural person
e. Interest only payments
f. 40 year term
g. Foreign national
h. ITIN in lieu of SSN
