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- REasy Qualification
- RConventional
- RHard Money
- RAsset Depletion
- RNo Doc Loans
- RBank Statement
- RLand
How we work
01
Online Scenario
Receive Offers
Underwriting
Closing and Funding
Conventional
1- 4 Unit, Multifamily, Condo- Min Credit 640
- Fast Turn Around Time
- Funding up to $20,000,000
- Bank Statement Program Avalable
- Closing up to 10 days
Non QM
1- 4 Unit, Multifamily, Condo- Min Credit 640
- DSCR
- Asset Depletion Program
- No Ratio
- Investments Properties
- No Income loans
Commercial
All Commercial Mortgages- Terms 1 – 30 Years
- Rates Starting at 5%
- Fast Closings
- Min Credit 640
- Expand of Acquire a Business
Hard Money
Hard Money / Bridge Loans- Rates Starting 8%
- Easy Financing and Terms
- Nationwide Financing
- Buy Real Estate
- Low Down Payments
- Flexibility of Use
Conventional
Conventional mortgages are the most common type of mortgage and are offered by most lenders. They are typically used to purchase a home and are available in a variety of terms, including fixed-rate and adjustable-rate mortgages. Fixed-rate mortgages have an interest rate that remains the same throughout the life of the loan, while adjustable-rate mortgages have an interest rate that can change over time. Conventional mortgages also come with a variety of loan terms, including 15-year, 20-year, and 30-year mortgages. The shorter the loan term, the lower the interest rate, but the higher the monthly payments. Conventional mortgages also require a down payment of at least 5%, although some lenders may require a higher down payment. Additionally, conventional mortgages require private mortgage insurance (PMI) if the down payment is less than 20%. PMI is an insurance policy that protects the lender in case the borrower defaults on the loan. Finally, conventional mortgages may also require the borrower to have a good credit score and a debt-to-income ratio of no more than 43%.
Non-QM
Non-Qualified Mortgage (Non-QM) loans are becoming increasingly popular among borrowers who don’t fit the traditional lending criteria. These loans are designed to provide access to credit for those who may not qualify for a traditional mortgage, such as self-employed individuals, those with a non-traditional income, or those with a lower credit score. Non-QM loans offer a number of benefits, including more flexible terms, lower down payments, and the ability to use alternative forms of income to qualify. Additionally, Non-QM loans can be used to purchase a primary residence, second home, or investment property. Non-QM loans also offer the potential for higher loan amounts, as they are not subject to the same restrictions as traditional mortgages. This can be beneficial for borrowers who need to borrow more than the traditional loan limits. Finally, Non-QM loans can provide access to credit for borrowers who may not have been able to qualify for a traditional mortgage. This can be especially beneficial for those who have experienced financial hardship in the past, such as bankruptcy or foreclosure.
Commercial
A commercial mortgage is a loan taken out on commercial real estate, such as an office building, warehouse, or retail space. Commercial mortgages are typically used to purchase, refinance, or redevelop commercial property. They are usually structured as a long-term loan and are secured by the property being purchased. The loan is typically paid back over a period of years, with the borrower making regular payments of principal and interest. The interest rate on a commercial mortgage is typically higher than on a residential mortgage, as the risk of default is greater. The loan terms and conditions are also typically more stringent, as the lender wants to ensure that the borrower has the ability to repay the loan. Commercial mortgages can be used to finance a variety of projects, including the purchase of a new building, the renovation of an existing building, or the refinancing of an existing loan.
Hard Money
A hard money mortgage is a type of loan that is secured by real estate and is typically used by investors to purchase and rehab properties. It is a short-term loan, usually lasting between 6 and 24 months, and is typically used when traditional financing is not available. Hard money mortgages are typically more expensive than traditional mortgages due to the higher interest rates and fees associated with them. The loan is secured by the property itself, so the lender has a greater assurance that the loan will be repaid. The loan is also typically used for a specific purpose, such as purchasing and rehabbing a property, and the loan amount is usually based on the after-repair value of the property. Hard money mortgages are often used by investors who are looking to purchase and rehab properties quickly, as they can be approved and funded in a much shorter time frame than traditional mortgages.
Bank Statement Loan Program
A Bank Statement Loan Program is a type of loan that is based on the borrower’s bank statements rather than their credit score. This type of loan is ideal for self-employed individuals who may not have a traditional income or have difficulty providing proof of income. With a Bank Statement Loan Program, the lender will review the borrower’s bank statements to determine their ability to repay the loan. This type of loan is typically offered at a higher interest rate than traditional loans, but it can be a great option for those who may not qualify for a traditional loan. Benefits of a Bank Statement Loan Program include the ability to get approved for a loan without a credit check, the ability to get approved for a loan with a lower credit score, and the ability to get approved for a loan with a higher interest rate. Additionally, this type of loan can be used to purchase a home, refinance an existing loan, or consolidate debt.
Asset Depletion Loan Program
An asset depletion loan is a type of loan that allows a borrower to use their assets as collateral to secure a loan. This type of loan is often used by individuals who have a large amount of assets but lack the income to qualify for a traditional loan. The loan amount is based on the value of the assets, and the borrower is required to make regular payments to pay off the loan. Asset depletion loans can be used for a variety of purposes, including home purchases, debt consolidation, and other large purchases. The interest rate on an asset depletion loan is typically higher than a traditional loan, and the repayment period is usually shorter. Borrowers should be aware that if they default on the loan, their assets may be seized by the lender. Additionally, asset depletion loans can be difficult to obtain, as lenders may be hesitant to lend to someone with a large amount of assets but no income.
Bridge Loan
A bridge loan is a short-term loan that is used to cover a company’s immediate cash flow needs until a more permanent financing option can be secured. Bridge loans are typically used to finance the purchase of a new property or to make improvements to an existing property. They are also used to cover operating expenses or to provide working capital for a business. Bridge loans are typically secured by some form of collateral, such as real estate, inventory, or accounts receivable. They are usually offered at a higher interest rate than traditional financing options and have shorter repayment terms. Bridge loans are a great option for businesses that need quick access to capital but don’t have the time or resources to secure a more traditional loan.
Blanket/Portfolio Loan
A blanket loan is a type of loan that is used to finance multiple pieces of real estate at the same time. It is a single loan that is secured by a single collateral, which is usually a portfolio of real estate properties. The loan is then divided into individual loans for each property, with each loan having its own terms and conditions. This type of loan is often used by real estate investors who are looking to purchase multiple properties at once, as it allows them to secure financing for all of the properties with one loan. Blanket loans can also be used to refinance multiple properties at once, allowing the borrower to take advantage of lower interest rates and other benefits. Blanket loans can be a great option for real estate investors, as they can help to reduce the amount of paperwork and time involved in securing financing for multiple properties.
Fix and Flip Loan
Fix and flip loans are a great way to finance a real estate investment project. They are short-term loans that are used to purchase, renovate, and resell a property for a profit. To qualify for a fix and flip loan, you must have a good credit score, a solid business plan, and a good understanding of the real estate market. You must also have a good understanding of the costs associated with the project, including the purchase price, renovation costs, and closing costs. Additionally, you must have a good understanding of the potential return on investment and the risks associated with the project. Finally, you must have a good understanding of the loan terms and conditions, including the interest rate, repayment terms, and any fees associated with the loan. Once you have all of these pieces in place, you can apply for a fix and flip loan and start your real estate investment project.
Construction Loan
A construction mortgage is a loan used to finance the building of a home or other real estate project. It is typically a short-term loan, usually lasting between one and three years, and is used to cover the costs of the construction project. The loan is secured by the property being built, and the borrower is expected to make regular payments during the construction period. Once the project is completed, the loan is typically refinanced into a traditional mortgage. Construction mortgages are typically more expensive than traditional mortgages, as they involve more risk for the lender. The borrower must also provide detailed plans and budgets for the project, and the lender will typically require a down payment of at least 20%. Construction mortgages are often used by developers and builders to finance the construction of new homes, but they can also be used by individuals who are building their own home.
Land Loan
A land mortgage is a loan that is secured by a piece of real estate. It is a type of loan that is used to purchase land or to refinance an existing loan on a piece of land. The loan is secured by the land itself, meaning that if the borrower defaults on the loan, the lender can take possession of the land. The loan is typically paid back in monthly installments, with interest added to the principal amount. The interest rate on a land mortgage is usually higher than on other types of loans, as the lender is taking on more risk. The loan term can range from a few months to several years, depending on the borrower’s needs and the lender’s requirements. When applying for a land mortgage, the borrower will need to provide proof of income, a credit report, and other financial documents. The lender will also need to assess the value of the land to determine the amount of the loan.
SPEC Construction Loan
Spec construction financing is a type of loan that is used to finance the construction of a building or structure that is not yet built. This type of loan is typically used by developers and builders who are looking to construct a new building or structure, but do not have the funds to do so. Spec construction financing is typically provided by banks, private lenders, or other financial institutions. The loan is typically secured by the property that is being constructed, and the lender will typically require a down payment and other collateral to secure the loan. The loan amount is typically based on the estimated cost of the project, and the lender will typically require a detailed plan of the project before approving the loan. The loan terms and interest rates will vary depending on the lender and the project, but typically the loan will be paid back in full once the project is completed. Spec construction financing can be a great way to finance a new project, but it is important to understand the terms and conditions of the loan before signing any documents.
SBA 7a/504
SBA7a/504 loans are a great option for small business owners who are looking for a way to finance their business. These loans are backed by the Small Business Administration (SBA) and provide long-term, fixed-rate financing for major fixed assets such as real estate and equipment. The SBA7a/504 loan program is designed to help small businesses grow and create jobs by providing them with access to long-term, fixed-rate financing. The SBA7a/504 loan program is a great option for small business owners because it offers a number of benefits. First, the loan terms are very favorable, with fixed interest rates and long repayment terms. Second, the loan amount is typically higher than other types of financing, allowing businesses to make larger investments in their business. Third, the SBA7a/504 loan program is designed to help businesses create jobs, so the loan can be used to purchase equipment, hire employees, and expand operations. Finally, the SBA7a/504 loan program is designed to help businesses succeed, so the loan can be used to purchase real estate, refinance existing debt, and make other investments that will help the business grow. All in all, the SBA7a/504 loan program is a great option for small business owners who are looking for a way to finance their business.
Land Development
A land development loan is a type of loan that is used to finance the purchase of land for the purpose of developing it into a residential or commercial property. This type of loan is often used by developers who are looking to purchase land and build a new home or business. The loan can be used to purchase the land, pay for the construction of the property, and cover any other costs associated with the development. The loan can also be used to finance the purchase of existing properties that are in need of renovation or redevelopment. The benefits of a land development loan are numerous. First, it allows developers to purchase land at a lower cost than if they were to purchase it outright. This can help to reduce the overall cost of the development project. Additionally, the loan can be used to finance the construction of the property, which can help to reduce the amount of time and money spent on the project. Finally, the loan can be used to cover any other costs associated with the development, such as permits, fees, and taxes. This can help to ensure that the project is completed on time and within budget.
What we do
Residential Mortgages
Business Loans
Hard Money
ERTC Filing
Equipment Financing
Bridge Loans
ERTC Advance/Buyout
VS Global Funding NMLS 2085031
Address
1801 NE 123rd Street ste 314
North Miami, FL 33181
+1786-565-8251