Conforming Loans

COMMERCIAL LOANS

(Non Comforming Loans)

Non-conforming loans, on the other hand, are those that fall outside those guidelines, so they can’t be sold to Fannie Mae or Freddie Mac.

  • Hard Money
  • Bridge Loans
  • Multifamily
  • Fix and Flip Loan
  • Developers
  • New Construction Loans
  • Sprcs
  • Blanket Loans
  • Portfolio Loans
  • Strip Centers
  • Warehouses
  • Office
  • Convinient Store
  • Gas Station, ETC

NON-QM (Non-Qualified Mortgage)

NON-QM Loans are a more desirable solution for real estate investors on an investment property. NON-QM stands for a NON-qualified Mortgage.

INVESTMENT PROPERTY RENTALS RENTS TO QUALIFY

A typical Non-QM Debt Service Coverage Ratio loan allows a borrower to qualify for a mortgage based on cash flow generated from an investment property – through a rental, for example – as opposed to their personal income. A calculation generates a debt-to-income ratio and the higher the ratio, the better.

However, we recognize that not every borrower will qualify for a traditional debt-to-income loan. We know that ownership of an investment property is more than just a ratio. That is why we have introduced our DSCR loan, which allows a ratio as low as zero.

Minimum Credit Score 599

Up to 80% LTV

Loan amounts up to $3 million

Max cash in hand $1 million, no limit for LTV <55%

40-& 30-year fixed, 5/1 ARM, and 7/1ARM terms

No income or employment verification

DSCR as low as 0

Cash-out proceeds may be used for reserves

Eligible for Non-Permanent Residents and Foreign National Program

  • Minimum Credit Score 599
  • Up to 80% LTV
  • Loan amounts up to $3 million
  • Max cash in hand $1 million, no limit for LTV <55%
  • 40-& 30-year fixed, 5/1 ARM, and 7/1ARM terms
  • No income or employment verification
  • DSCR as low as 0
  • Cash-out proceeds may be used for reserves
  • Eligible for Non-Permanent Residents and Foreign National Program

12/24-Month Bank Statement

Borrowers should not be denied the opportunity of homeownership because they don’t meet the stringent requirements that traditional lenders require.

Our 12/24 Month Bank Statement loans are perfect NON-QM options for self-employed and high net worth individuals who are unable to document their income with tax returns. To qualify for this loan, we allow the use of 12 and 24 months of Business and Personal bank statements.

Minimum Credit Score 580

Loan amounts up to $4 million

Max cash in hand $1 million, no limit for

3 months reserves​

12 months from bankruptcy or foreclosure​

Combination of business and personal bank statements allowed​

  • Minimum Credit Score 580
  • Loan amounts up to $4 million
  • Max cash in hand $1 million, no limit for
  • 3 months reserves​
  • 12 months from bankruptcy or foreclosure​
  • Combination of business and personal bank statements allowed​

Asset Loans

Not all borrowers fit neatly into the boxes required by traditional lenders. Some borrowers are investors, self-employed, entrepreneurs, retired, or simply living off their investments

Asset Utilization loans allow these kinds of borrowers to use their personal and business assets as a means to qualify for a home mortgage.

  • Minimum Credit Score 580
  • 80% LTV
  • Cash-out up to 75% LTV
  • Savings and checking 100%
  • Securities at 90%
  • Retirement at 70%
  • Cash out available
  • Income calculation – all eligible assets divided by 60

Non Permanent Resident

Financing for non-U.S. citizens who are authorized to live and work in the U.S. on a temporary basis. Non-permanent residents with green cards and work visas can qualify for a U.S. mortgage, even if they are not U.S. citizens.

The process for a Non-QM loan is similar to typical mortgage loan applications, but some additional documentation is required for non-permanent residents who are seeking a home loan. As a result, it is best to work with a lender who is experienced in this area.

Up to 70% LTV

Bank statements allowed

 

P&L Only

Self-employed individuals have a more difficult time qualifying for a traditional mortgage. We offer 1-year and 2-year P&L Only loans to help them.

Borrowers can qualify for a loan based on the strength of their business’s Profit & Loss (P&L) statement only. No bank statements are required.

  • FICO 580
  • Up to 85% LTV
  • Max DTI 55%
  • Loan amounts up to $4 million
  • Max cash in hand $1 million, no limit LTV < 55%
  • P&L by Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer
  • No bank statement required
  • Super Prime & Prime programs

Foreign National Loans

People abroad who want to buy or refinance their property located in the United States. Our Foreign National program has a flexible, alternative documentation process with realistic guidelines which helps more borrowers to qualify.

  • Minimum Credit Score 599
  • Up to 80% LTV
  • Loan amounts up to $3 million
  • Cash-out allowed
  • DSCR as low as 0
  • CPA Letter for last 2 years & year-to-date
  • One bank reference letter
  • Overseas assets allowed as reserves
  • Gift funds allowed

1099

A Written Verification of Employment is a form to be completed by a borrower’s current employer to verify specific details about their employment, such as dates of hire, compensation structure (salary, bonus, commissions), and year to date earnings. This WVOE form can be used to confirm a borrower’s income.

The same is true for our 1099 Income Program. Instead of tax returns, we  use the actual wages from your 1099 form as qualifying income for your new home loan. Together, the 1099 and WVOE options are ways to qualify for a Non-QM mortgage.

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  • FICO 580
  • Up to 80% LTV for WVOE
  • Up to 90% LTV for 1099
  • Loan amounts up to $4 million
  • Cash out available
  • Completed FNMA Form 1005 for 2-year history with the same employer
  • Investor Cash Flow

Bridge Loan

Not every creditworthy borrower can sail through the approval process for a qualified mortgage. We offer Non-QM Bridge loans to people who are self-employed or salaried with irregular income, and who will reside in the home they want to buy.

In addition to helping home buyers, also Non-QM Bridge loans to investors. Bridge loans are available for 1-4 unit properties (including second homes), condo hotels, offices, multi-family, and properties under development.

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  • Minimum Credit Score 580
  • 70% LTV
  • Interest Only
  • No Income on 1003
  • Foreign National allowed
  • Eligible for Non-Permanent Residents

RURAL-AGRICULTURAL LOANS

FARM OR RANCH

Whether you want to purchase a rural home, farmhouse or commercial farm, ranch, vineyard, orchard, or more

Single-family, owner-occupied, detached primary residence located on the property.

Must be located in a rural area or municipality with a population of 2,500 or less.

Minimal farm income generated from the property allowed (no more than 25% of gross income). However, no farm income is required.

Acreage must be typical and property must be residential in nature.

ITIN

Individual Taxpayer Identification Number

  • Qualify Full Doc or 12-Month Bank Statement for SE
  • 2-year income history
  • Valid U.S. government issued ID
  • 80% Max LTV Purchase
  • 80% Max LTV Refinance
  • Loan amounts up to $1M

HOBBY FARMS

A hobby farm is just that: a hobby.
Qualifications for a Rural Hobby Farm Loan include:

Minimum loan amount is $100,000, with a minimum of five acres. (No maximum acreage.)

Maximum loan-to-value 80

Agricultural Loans

  • Max loan amount up to $30 million.
  • Five-acre minimum, with no maximum acreage.
  • Monthly, semi-annual, or annual payments.
  • 7-, 10-, 15-, 20-, and 30-year terms available.
  • 70% for loans up to and including $5 million.
  • 60% for loans greater than $5 million.

Construction Projects

  • Ground-up residential
  • Spec home construction
  • In-fill development
  • Build to Suit
  • Multi-Unit Developments

Not all borrowers fit neatly into the boxes required by traditional lenders. Some borrowers are investors, self-employed, entrepreneurs, retired, or simply living off their investments. They are financially responsible people, but they might not have sources of income that are easily quantifiable.

COMMERCIAL LOANS

  • Hard Money
  • Bridge Loans
  • Multifamily
  • Fix and Flip Loan
  • Developers
  • New Construction Loans
  • Sprcs
  • Blanket Loans
  • Portfolio Loans
  • Strip Centers
  • Warehouses
  • Office
  • Convinient Store
  • Gas Station, ETC

FIX & FLIPS

Do you need a short-term loan so you can fix and flip a house?

Fix and flip loans allow you to purchase a property under market value, rehab it, and then re-sell it as quickly as possible. Typically, a 1-year term with no pre-payment penalty, it enables investors like you to maximize returns on quick flips. If you have a larger rehab project that is going to take longer than one year, we also offer 2-year fix and flip options as well.

1 YEAR UP TO 80% LTV AND 85% LTC NO PREPAYMENT PENALTY:

This is a great program for investors that fix and flip properties quickly.

2 YEARS UP TO 80% LTV AND 85% LTC THE 2 YEAR PROGRAM HAS A 6 MONTH PREPAYMENT PENALTY

  • If you have a larger fix and flip project that you know will take longer than 1 year, you covered. Avoid the stress of securing a refinance in the middle of your project, use our 2-year fix and flip loan. Acquisition and renovation costs on 2-year fix and flip loans just like 1-year loans.

CONSTRUCTION LOANS

DEVELOPED LAND


Found a desirable lot with an opportunity to build? Finance both the land acquisition and building costs.


TEAR-DOWN

When you find land in a great location but the house is not suitable, well finance the acquisition of the property and the costs to rebuild.


MID-CONSTRUCTION


If you already have a project started and need more funds to see the project through, our Mid-Construction loan can help.

LOANS For US Citizens

(PROPERTIES IN MEXICO)

FIXED INTEREST RATES

  • Fully amortized term up to 25 years
  • Fixed interest rate
  • 35% Down
  • No hidden fees
  • No risk ($USD originated and serviced)
  • Mortgage interest reported in the US (potential tax deductibility)

Mortgage Loans

BRIDGE LOANS

Not every creditworthy borrower can sail through the approval process for a qualified mortgage. We offer Non-QM Bridge loans to people who are self-employed or salaried with irregular income, and who will reside in the home they want to buy.

In addition to helping home buyers, also Non-QM Bridge loans to investors. Bridge loans are available for 1-4 unit properties (including second homes), condo hotels, offices, multi-family, and properties under development.

  • Minimum Credit Score 580
  • 70% LTV
  • Interest Only
  • No Income on 1003
  • Foreign National allowed
  • Eligible for Non-Permanent Residents

CONSTRUCTION PROJECTS

  • Ground-up residential
  • Spec home construction
  • In-fill development
  • Build to Suit
  • Multi-Unit Developments

Not all borrowers fit neatly into the boxes required by traditional lenders. Some borrowers are investors, self-employed, entrepreneurs, retired, or simply living off their investments. They are financially responsible people, but they might not have sources of income that are easily quantifiable.

CONSTRUCTION LOANS

DEVELOPED LAND

Found a desirable lot with an opportunity to build? Finance both the land acquisition and building costs.

TEAR-DOWN

When you find land in a great location but the house is not suitable, well finance the acquisition of the property and the costs to rebuild.

MID-CONSTRUCTION

If you already have a project started and need more funds to see the project through, our Mid-Construction loan can help.

FIX & FLIPS

Do you need a short-term loan so you can fix and flip a house?

Fix and flip loans allow you to purchase a property under market value, rehab it, and then re-sell it as quickly as possible. Typically, a 1-year term with no pre-payment penalty, it enables investors like you to maximize returns on quick flips. If you have a larger rehab project that is going to take longer than one year, we also offer 2-year fix and flip options as well.

1 YEAR
  • UP TO 80% LTV AND 85% LTC
  • NO PREPAYMENT PENALTY:
  • This is a great program for investors that fix and flip properties quickly.
2 YEARS
  • UP TO 80% LTV AND 85% LTC
  • THE 2 YEAR PROGRAM HAS A 6 MONTH PREPAYMENT PENALTY

If you have a larger fix and flip project that you know will take longer than 1 year, you covered. Avoid the stress of securing a refinance in the middle of your project, use our 2-year fix and flip loan. Acquisition and renovation costs on 2-year fix and flip loans just like 1-year loans.

RESIDENTIAL COMEMERCIAL AND AGRICULTURAL LOANS

Grisel Elizondo, NMLS #203707

Mortgage Loan Broker

Arca Mortgage LLC NMLS No. 2327889

______

Mobile: (956) 351-5503

Email:info@arcamortgage.com

https://www.arcamortgage.com