Do any of the following scenarios sound like a borrower you may have??
– Self employed but doesn’t show enough income to qualify with a traditional bank.
– Real estate investor who has too many mortgages to qualify with a traditional bank.
– Credit is just a bit too low to qualify with a traditional bank.
– Doesn’t want to pay the hard money rates and fees.
– Wants a quick close as opposed to the long drawn out process that most banks put them through.
If so, UGMC could be the perfect place for them!!
NO INCOME VERIFICATION LOANS!
Investment SFR’s, Condo, & 2-4 units
Multi-Family, Mixed Use, Office, Retail, Warehouse, Self Storage, Auto Service
Cash out, purchase, rate/term
No DSCR Calculation on loan amount less than $500K……….Commercial Properties
No DSCR Calculation on any 1-4 family properties
Up to 75% LTV depending on property type
650 Minimum Credit Score Required
W-2 or self employed
Origination + Rebate OK (except for NJ 1-6 unit residential deals)
Standard 30 Year Term (3 and 8 year arm options)
$75k-$5M (up to $2M on 2-4 unit residential properties)
Between traditional banks and hard money with our rates