All Forum Posts by: Robert Grant

I would say to expect a floor rate of 6-6.50%

Are you in need of an additional funding source to help attract more Non-QM borrowers and stay competitive?  Look no further than American Heritage Lending, the fastest growing Non-QM lender in the industry today.

A+ Technology
  Galaxy Portal is the closest to Agency technology in the Non-QM space
  Issue your own disclosures in minutes
  Verify your 3rd party fees with 100% guaranteed accuracy to avoid costs to cure
 More than 20 AMC appraisal options. (Choose the lowest cost or fastest turn time)
 COC's - You're in control, request Loan amount, rate, LTV, and fee changes in seconds.
  Request your own CD
  Choose your closing date and time
  Pre-lock the rate
  Upload Bank Statements for income calculation
  Live training for LO, and processors

A+ Service
  Proven service first Operational Structure
  63% of loans are exception (We look at the whole picture)
  24-48 HR turn times across the board
  45 day locks (We close in 21 days on average)
  Pro-active approach- Account Managers on average carry half the pipeline of other Non-QM Lenders
  Best rates for the best borrowers, and great rates for not-so-great borrowers
  Solution oriented - We’re in the “Yes” business if it makes sense

DSCR / Investment Property Loans

• Up to 85%LTV with income
• 660 Fico
• 1007 can be used if within 20% above actual rents
• No Ratio/No minimum DSCR up to 75% LTV to 1M
• 2-4 unit and condos allowed
• Max Loan Amount $3M
• PPP buyout (small add to rate)
• Interest Only options (40yr), helping more borrowers qualify

Foreign National Loans
 Up to 75% LTV
   Loan amounts up to $2,000,000
 SFR, 2-4 unit, and condos
   Use 680 FICO for pricing
   Close in entity or personal name
   Foreign Income allowed on case by case

We also offer the following, for acquisition or refinance of primary, second home, vacation, or investment properties: 

     Bank Statement / P&L / 1099 / Asset Depletion / Asset Qualifier / Condotels / Bridge Loans 

Reach out to me directly to get approved and add these exciting programs to your product offerings, today! 

Robert Grant

American Heritage Lending

949-384-4334

[email protected]

For both Residential Investment 1-4's and Commercial properties

Fix & Flip and Buy & Hold Programs

Up to 75%LTV

Paying up to 2% YSP

Reach out to me for more info! 

If each property appraises at a minimum of 50k or more and currently tenant-occupied, I may be able to point you in the right direction. 

Are you looking for a particular program? I could then recommend a good one from there.

Plenty of great programs out there for sure. I just refinanced my rentals at 3.99% on a 30yr Fixed with a 10yr I/O, so they do exist.

Agreed, under zero circumstances should you ever pay an upfront fee for anything other than an appraisal. 

@Troy Whitney  Hi Troy, I do still work for the company and have been here for 7yrs now.  We went public this past January and I can tell you with absolute certainty that most of the employees here (all the way up to and including the CEO) are some of the greatest and nicest human beings you'd ever want to work with, so forgive me if I'm a little taken aback by your comments. If I'm being completely honest here, our direct customers/clients would be "brokers & loan officers" since our business model is B2B.  We approve brokers as clients, who then deal directly with the borrower(s) - which would be you in this case - to resell our products on a nationwide scale. It appears that we funded your loan back in Jan of this year, and then your loan was serviced by Mr. Cooper.  Feel free to elaborate (either here or you can message me directly) so I can do my best to rectify the situation and hopefully turn your bad experience into a good one. If you were to ever meet me in person, you'd know immediately that I take great pride in this company and the work that we do - I would never stay 7yrs with a company that lacked integrity. Hope to hear back from you soon - Robert

Hi Chris, do you currently own your primary along with the investment property you mentioned above? If so, I know of a lender who will refinance it up to 70%LTV (based off of PP if less than 12mos ownership; otherwise they'll use appraised value after 12mos) Property doesn't even need to cash flow. Only needs to be tenant-occupied and not rural. They qualify you based on fico & equity in the property. Rates are a little higher (7-8%) but they don't verify income/employment or require DSCR/DTI or reserves.

I used an equity based lender with zero income/tax/employment documentation, and they don't care about the cash flow of the property. They'll go up to 70%LTV (or purchase price if owned less than 12mos) and close in an entity. Quick process, but the rate is a little high. 7-8% on a 30yr term, no points.