New Niche:  Any Amortization Period from 8 to 30 years OK at Parkside!  –Parkside will allow all fixed rate mortgage to have a customized amortization period chosen by the borrower.  For example, a borrower who has been paying 7 years on a 30 yr fixed mtg may prefer to refi to a 23 year amortization (years remaining on old mtg) on his/her new loan.   Basically Parkside can make the amortization term between 8 and 30 years, not to exceed the fixed term of the loan. 
First time home buyer? Set up a free consultation. We'll take the mystery and fear out of the process.
 

 

Solutions for Self Employed Borrowers!

Qualifying your self-employed borrowers doesn’t have to be painful! Below are just some of our Portfolio ARM niches that help out business owners…

 

• We don’t require a minimum 2 years self employed. Rather we look at each borrower case-by-case and will consider less than 2 years self employment for exceptional clients.

 

• We allow Business Assets to be used towards down payment and reserves!

 

• We allow your client to vest in their LLC, partnership, corporation or trust (even non-revocable trusts).

 

New Niche:  Any Amortization Period from 8 to 30 years OK!

America's Home Loans will allow all fixed rate mortgage to have a customized amortization period chosen by the borrower.  For example, a borrower who has been paying 7 years on a 30 yr fixed mtg may prefer to refi to a 23 year amortization (years remaining on old mtg) on his/her new loan.   Basically America's Home Loans can make the amortization term between 8 and 30 years, not to exceed the fixed term of the loan.

 

Solutions for Departing Residences

Is your borrower having trouble qualifying because they want to buy a new home but can’t qualify until their current home is sold?

• Exclude Mortgage Payment if Selling*– if the house is listed for sale, then we will allow the borrower to exclude their existing mortgage payment and qualify on the subject property alone. However, they must have an additional 6 mos reserves for the listed property. 
• No 30% Equity Rule if Renting*– per Agency guidelines you must have 30% equity in the existing home in order to use rental income to offset the mortgage payments.  Our rule is you have to have some equity, but not necessarily 30%   

 

Did you know?

Have you had a recent bankruptcy, foreclosure or short sale? Let us set you up with a plan so you can own a home again. Perhaps sooner than you think...

As true mortgage brokers, we have more products to fit your individual needs than most of the competition. Whether it's VA, FHA, USDA or loans for the credit challenged--we are here to help you.

Also, no upfront application fees or any other "junk" fees--ever!

Bring us an offer from any other lender, and let us evaluate it for accuracy and then make you a better offer...
 

 

Impossible Properties? Not for us!

 

One of the advantages of working with a portfolio lender is we are not held to Agency guidelines where properties are concerned. We finance all sorts of otherwise “impossible” properties.*

 

• We can do hobby farms!(AG zoning ok)
• We can do properties on sloped parcels!
• We can do properties on large acreage parcels!
• We can do Condo-Tels and Co-ops!
• We can do groupTICs! 
• We can do high rise condos with more than 25% commercial space!
• 4 unit condo in SF? Your borrower owns 2 out of the 4? We can do it!
• We can do MIXED USE 2 UNIT (owner occupied only) buildings!
• We can even do MULTI FAMILY loans…see below (separate pricing applies)

 
We make purchasing a home a rewarding experience
Click here for more information on obtaining a new home loan