Attention REALTORS
Wanting to work with a better Loan Officer? Nowadays you actually have to know what you're doing to close loans.
I have some of the lowest rates in the market for traditional financing, but I also have some fantastic niche programs. PLEASE CALL ME FOR DETAILS ON ALL PROGRAMS.
Niche Programs:
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Jumbo Loans ~ up to $7,500,000~ Cross Collateralization; Delayed Financing; Hold title in an LLC, Corp, Partnership, or Trust; Up to 90% LTV; Interest only available… call me for details
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W2 ONLY PROGRAM~ Does your client have too many tax write offs (2106 expenses; unreimbursed employee expenses)…not a problem here… we can use W2’s only… NO tax returns required!!! FHA & Fannie/Freddie; Call me.
- Down Payment Assistance Programs – Grant(no repayment needed)~ Purchase with only 1/2% down payment ~ Got it! ~ Income limits apply ~ sales prices limit up to $625,500! Available to everyone!
- First Time Home Buyers INCOME Assistant Program ~ Mortgage Credit Certificates~ works with Conventional, FHA, and VA loans ~ borrower hasn't owned a home in the last 3 years...that’s all we need ~ income limits do apply ~ Use 20% of the mortgage interest as a tax credit to qualify for a much higher purchase price
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BANK STATEMENT PROGRAM ~ new financing option ~ Min FICO: 620; 2 years self-employment for borrower; co-borrower can be W2; Foreclosure, Short Sale, BK, and Loan Mods only need 12 months seasoning… WoW! All property types… can do cash out refi….Interest only option available too; No Tax Returns; No 4506 required… call for details
- Rehab Loan (FHA 203k streamline) ~ Buy an REO or any home and finance the remodel all in the same transaction! Can also be used for REFIs!!! All the repairs are done AFTER THE CLOSE!!!
- Rehab Loan (Fannie Mae) ~ Buy an REO or any home and finance the remodel all in the same transaction! Can also be used for REFIs!!! All the repairs are done AFTER THE CLOSE!!! This is a conventional loan…can you say NO MI!
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1 Day Out of Foreclosure/Short Sale/Bankruptcy ~ OMG! ~ Purchase/Refi/Cash out ~ Loan Amounts $100,000 - $2,000,000 ~ 5/1 or 30 year fixed ~ Interest only available ~ min FICO: 580 ~ up to 80% LTV ~ use this loan to get into the property now, then refinance later!
- Unwarrantable Condo ~ all those condos that cannot get financing because of occupancy, minor litigation, delinquent HOA dues, etc. due to Fannie/Freddie guidelines can NOW be financed! This is big!!!
- Reverse Mortgage ~ HECM ~ use to either purchase or refinance ~ must be 62 years old or older ~ Can you say “NO MORE MORTGAGE PAYMENTS”… I thought you couldJ. Call for details.
- 85% cash out FHA REFI ~ Max debt-to-income ratios… No Lender Overlays…Consolidate debt or use it for other investments ~ Full Doc
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VA loans~ present or past military service required ~ 100% Financing for purchases and cash out refis ~ Max debt-to-income ratios ~ Full Doc
- USDA Loans~ buy a property in a rural area using 100% financing! Area & Income limits apply
- Private Money Financing ~ also called Hard Money; Close in 7-10 days; no income needed; it’s all based on the property and the amount of the down payment. Residential & Commercial
Who you work with can make a BIG difference in your success…Start working with a loan professional that has all the programs, will make you look good, and close your client’s loans at the promised rate and on time!
Honest...Reliable...Professional
Dan Shapiro
Senior Loan Officer
NMLS: 238858
Email: Dan@DanShapiro.net
Direct Line: 714-596-4072
Mobile: 562-972-2870