How are these lenders?

Question

Hi! Just wanna get some info or insights to whomever has had the experience of dealing with these lenders?

- NSS Lending LLC

- Goldstream Capital Loan

- Gap Funding partners - Tyrone Harris

- AD Mortgage

- FlipCo Financial

Eugene Neal · Answer

I too have never heard of any from that group. If the charge upfront run. If they give you a proof of funds letter without a full application and credit review burn it.

Dean Valadez · Answer

Thanks for letting me know about Goldstream!

Dean Valadez · Answer

HI Deborah,

I am following this thread as I am also looking for a lender. Going off of what the others said about AD Mortgage, this is what I found (note: I do not know anything about AD Mortgage beyond what I found in these links as I do not have experience with them):

Here is the BBB link that shows they are accredited:

https://www.bbb.org/us/fl/hollywood/profile/mortgage-broker/...

Here is the NMLS number that verifies they are registered:

https://www.nmlsconsumeraccess.org/Home.aspx/SubSearch?Searc...

From the NMLS info, you can get the owner's name and research that. I found him on LinkedIn.

I cannot say if this is enough information to show AD Mortgage is a legit company, but my opinion is that they seem legit. I did not dig into the other lenders you listed, so they all could be just as good, worse, or better. I hope this helps. I'd be curious as to what you might find by digging around.

Erik Estrada · Answer

Have not heard of the others except AD Mortgage.

I have done several deals with AD mortgage on their wholesale channel, and they are a great lender to work with. They do ask for a lot more documentation than other DSCR lenders. But if you have a good rep, you should be able to close files in 15 days.

Nick Belsky · Answer

@Deborah Wodell

Heard of AD Mortgage, but never done a deal with them.  The others are unknown to me.

Cheers!

Jacob Sherman · Answer

what types of loans are you in the maket for ?

Dean Valadez · Answer

Has anyone worked with Lexington Home Loans based in Cali? They seem to offer DSCR loans even with a 30 year fixed, no ARM, at 6.49%. Is that too good to be true?

Deborah Wodell · Answer

Hey Kathie! yes easy street is also great. I signed up a month ago as a broker.

How are these lenders?

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