Dan Cassel and the Trinity Mortgage loan team offer a full selection of California Residential Mortgage loan programs that offer better rates, interest only and higher LTV’s, than many competing loan programs.
Who are our Residential “NON-QM” loans for?
Ideally for clients who can fully document their income, but maybe not always with tax returns or conventional documentation. They seek to:
- Unlock the equity in their investment properties via Non-QM Loans;
- Borrow money despite recent credit events like bankruptcy, foreclosure, or short sale; or
- Manage monthly mortgage payments with an interest-only option.
- Use Aggressive Non-QM Loans “Niche” Loan products with less documentation, like Banks Statements, 1 year tax returns, Stated Income and so forth.
Here are some Residential Loan highlights:
- Purchase/Rate & Term loan amounts up to $2.5 million
- Owner occupied:
- 95% LTV up to $1.5 million, no MI
- 90% LTV up to $2.5 million, no MI (purchase and R&T)
- Cash out to 95% LTV
- Non owner occupied:
- Purchase and R&T to 85% LTV, no MI, up to $2.5 million
- Cash out to 80% LTV, no MI
- 40-year fixed rate mortgage with 10 year interest-only period (max 43% DTI)
- Expanded DTI up to 50%
- Unlimited financed properties for LTV of 70% or below (second home & non-owner occupied)
- Shorter seasoning requirement from major credit events
- Credit scores as low as 600
- We are often able to close these loans in 21 days or less once we have required documentation. We are here to help!
- To reach a Independent Mortgage Expert directly please phone 866-310-1112 or if you seek to just start a new Real Estate Loan Application simply click here.
What are you looking for?