Sell MORE Houses with Unique Mortgage Products

We’ve hit the time of year when we all get busy with our personal lives. Holidays, family visits, and fewer hours of daylight start taking a toll on an important goal we all share -?

Sell. More. Houses.

And I get it.?

I’m in the same industry boat as you are!?

So I thought I’d help us both reach those end-of-year goals and share with you a bit more about the extensive line of products Encompass Lending Group - NMLS ID 292897 offers.?

With today’s specific focus being on Non-Qm products (or as previously referred to as Non-Conforming).

?? A Non-QM mortgage is simply a loan that falls outside of Freddie, Fannie, or a Government Loan (FHA, VA, USDA).?

They’re designed to help borrowers who cannot qualify for a traditional loan but are a good credit risk for many investors.

Let’s take a look at our most popular Non-QM programs ??:

DSCR Loans (Debt Service Coverage Ratio)

This loan product is designed for investors looking to purchase investment properties. We can qualify your client solely on the cash flow of the rental property…

No other documentation is required!

• Up to four units.
• Unlimited properties owned.
• And we can qualify your borrower on a 40-year interest-only term.

??This is THE most popular Non-QM product I’m originating. Investors LOVE it! ??

Loans for Self-Employed Borrowers

Many self-employed clients don’t show a lot of income on their tax returns. That’s NO problem for ELG.?

We can qualify your borrower on personal or business bank statements.?

We can also use P&L Statements in lieu of tax returns or bank statements.

??Plus, you can be confident in your client’s pre-approval. I review all bank statements and financial statements prior to issuing pre-approval. ???

• We allow up to $500k cash out on refinances.
• Loans up to 3.5 MM?
• 90% Max LTV on purchase
• 85% Max LTV on refinances
• Foreclosure and Bankruptcy 1 day after settlement

Asset Depletion

If your client has significant assets but doesn’t show any income (dividends, retirement, etc.)? to qualify for a traditional mortgage - No problem!? At ELG, we can use their assets to qualify.?

Jumbo Loans

These loans go as high as 3.5 MM with higher LTVs and less documentation than a traditional Jumbo Loan.

Interest Only Loans

For borrowers who are concerned about cash flow or need a lower payment to qualify, we can offer an interest-only payment (40-year term available).

And that’s NOT all! For nearly every unique situation, we have an equally unique opportunity to qualify.?

Click HERE to contact me and learn more about ways we can close more loans, sell more houses, and help clients achieve their home-ownership dreams in 2023.?

Close on time, every time.