We have "More Loan Options than a traditional Bank"
If you are looking to purchase your first home, second - vacation home, a real estate investment property, a commercial building for your business or a real estate to invest, you arrived to the right place.
At Althas, we have "More residential and commercial loan options than traditional banks" with the same or better interest rates, 30 year and 15 year terms and low down payments.
We have access not only to the Conventional and Government Sponsored loans like FHA, VA and USDA but also the Non-Traditional loans, Investors financing, No Income Verified, Hard Equity, Construction and many more options.
Our loans are backed by the biggest real estate lenders in the nation and these lenders specialize in Mortgages Only!
First Time home buyers, Self-employed borrowers, New and Seasoned Real Estate Investors, Foreign Nationals - Tourists and more. From fix rates to Interest Only Loan Options – Alt- Doc Programs and more option available at Althas - Lenders Retail Center.
These are some of the programs we may have available (Programs are subject to change without notice).
MORTGAGE LOAN PROGRAMS
|PROGRAM||CREDIT SCORE||DOWN PAYMENT||RATE||TERM/YEARS|
|Conventional||620+||3%||Low||30 & 15|
* FHA Loans with as low as 500 credit score | Programas de Financiamiento FHA con credito bajo
* VA PURCHASE and CASH OUT up to 100% Financing | Financiamiento para Veteranos
* 90% Financing | Financiamiento Variado
* Programs up to 104% Financing | Financiamos hasta el 104% del valor
* 90% Jumbo Loans on Alt-Doc loans with I.O. option | Prestamos Gigantes con opciones
* 90% Prime Jumbo available with no M.I. | Programas de Financiamiento sin seguro de hipoteca
* FNMA Home Ready Programs | Programas Federales de Financiamiento
OTHER LOAN PROGRAMS
* 12 Months Bank Statement Loans | 12 meses de estados de cuenta bancarios en vez de taxes
680+FICO score up to $2MM loan Amount
* 24 Months Bank Statement Loans | 24 meses de estados de cuenta bancarios en vez de taxes
580+FICO score up to $2MM Loan Amount
* Non-Prime Full Doc Loan Programs | Programas de Financiamiento con taxes
500+FICO score up to 2 MM Loan Amount
* Foreign National Loans
for 2nd Home & Non-Owner Occupied up to $2MM Loan Amount
* Non-Prime Loans
for borrowers with recent Short Sale/Foreclosure/BK Discharge
* No Income-Investor Loans
No Radio /No Reserves up 75% LTV
* No Income-Investor Loans
for Foreign National borrowers up to 70% LTV
* 40 –year fixed-term with IO
* $100K to $2.5M
* Up to 95% LTV with NO MI
* Flexible Guidelines
* Non-occupant co-borrowers + Gift Funds
* Interest-Only with 680+ FICO
* 90 n% cash out up to $1.5M
* Unlimited cash out
* 2-years seasoning – short sales and bankruptcy
* 3-years seasoning – foreclosures
* As low as 600 Fico
OTHER MORTGAGE LOAN PROGRAMS
* 24 Month From life event
* Up to $ 3 million loan amount
* 90% Maximum Loan Amount
* Bank statements in lieu for W2 or 1099 / income
* Interest- only available
NON PRIME / 1st mortgage
* foreclosure, short sale & BK OK
* no reserves
* 90% Maximum Loan Amount
* Bank statements for income
* Down to 500 Fico, O/O & N/O
* Foreign nationals
* Stated income – DSCR
* Business purpose
* Interest- only available
Hard Money Florida Loans / Fix and Flip / Construction Loans
* Non –owner occupied 1-4 unit properties!
* 5+ Units, Mixed Use Properties, Office & Retail
* 75% Maximum Loan Amount
* Loans from $100,00 to 10,000,000!
* Credit Score allowed: as low as 400!!!
* 3-years, 5-years or 7-years fixed options!
* 30-year fully amortized!
* NO Balloon payments!
* NO DSCR calculations on residential properties!
* NO Income requirements!
* NO Impounds required!
* NO seasoning of down payments OK!
* 100% gift funds ok!
* 1st –time home buyers OK!!
* Rates as low as 6.875% at par!
User-friendly construction loans to boutique single – family homebuilders. Our long standing in –house construction department has established a solid builder base over the past 29 years and helped countless mortgage brokers build their repeat business, as well. Constructions- loan program is known for quick approvals and closings, coupled with efficient construction draw schedules.
Builder Finance FIX-FLIP LOANS
* 80 Max. LTV / 75% Max. ARV
* Interest Rate: 9.00%
Loan Amounts: Up to $350,000
* 80% MAX.LTV
* Initial Interest Rate: 4.99%**
* Spec $ Limited Recourse Ok
* Loan Amount: Up to $350,000
COMMERCIAL LOANS - PROGRAMS AVAILABLE
* Commercial Loans
* Construction Loans
* Residential Loans (for business use)
* All types of Borrowers
* all types of real estate considered, for any business purpose
* Letters of intent in 24 hours
* 1-3 years
* No pre-pay penalty
* Quick closing (1-2weeks)
* Loan amounts: $250k to $12M
INVESTMENT EQUITY LOANS
Borrow Up To 80% LTV / Investment Equity Loan
With an Investment Equity loan from Loans Mortgage Financial Co, you get long-term, fixed-rate financing for your apartment building acquisition, refinance or improvement project funding. This unique loan structure allows you to select the perfect mix of mix financing cost and repayment terms.
Borrow Up to 80% LTV Ultimate Flexibility / Convertible Line of Credit
A floating rate revolving line of credit that you can use and reuse for short- term working capital needs, building improvement needs or to purchase a new multi-family building. The line of credit can convert to a fixed rate loan with up to a 25 year amortization.
REAL ESTATE PROJECTS
Funding for your next Real Estate Project
Application+ Credit + Appraisal = Financing
All Cash Closings
Rates starting at 9%
48 Hour approvals (5 Day Closings)
80% Maximum Loan Amount
All property Types
SMALL BALANCE COMMERCIAL FLORIDA LOANS
Options that specialize in the small-balance commercial real estate loans that do not fit the mold of traditional banks.
* Low Fixed Rates
* No FICO Score Minimum
SMALL BALANCE COMMERCIAL LOANS
Multifamily, Mixed-Use, Office, Retail, Warehouse, Light Industrial, Mobile Home Parks, Automotive Service, Self Storage and Daycare (Investment Residential also Available)
Nationwide Balance Sheet Program
* $250,000 - $5,000,000
* 3, 5, 7, 10 Year Fixed Rates
* 30 Year Amortizations
* Rates Starting at 6%
* No Tax Returns, Financials or 4506- T
* Business Occupied and Investment
* 620 Minimum Credit Score
* Outside Appraisals Considered!
BUSINESS LOANS FOR ALL BORROWERS AVAILABLE NATIONWIDE
* $50,000 - $5,000,000
* No Collateral Required
* Fixed Rates up to 25 Years
* Rates Start at 6.50%
* No Restricted Industries
* No Credit Score Minimum
* No Working Capital Restrictions
*Closings <5 days available
* MCA Consolidations Welcomed!
COMMERCIAL CAPITAL SMALL BUSINESS LENDING
* Competitive Referral Payout
* Deals screened in 48 hours or less
* Preferred SBA 7(a) Lender
* Experienced USDA B&I Lenders
* Streamlined process from origination to closing
COMMERCIAL PROGRAM HIGHLIGHTS
* 1,2,3 OR 4 units
* Includes non- warrantable condos
* Rates as low as 6.75%
* Loan Amount from $75K to $2MM
* Cash-out up to 70% LTV
* Stepdown Prepayment – 3.2.1
* 650 Minimum Credit Score
* No Tax Returns
* No Global DSCR
* Available in 41 states nationwide
At Althas we fund the loans that others don’t:
* Quick turnaround
* In foreclosure or bankruptcy
* Land Loans up to 50% Financing
* Mixed-use property
* Owner- occupied for business purposes only
* interest rates: Low
* Points: 2-5 points plus cost
* Terms: 1-5 years (long-term programs available)
* Financing between 55% - 65%
* Land Loans up to 50%
* 1st. 2nd and 3rd trust deeds
PURPOSE LOAN TYPES
* Acquisition and Development
* Land (no land-only loans)
* Hard Money on a select basis
* Financing 60%-75% subject to property type
* Financing 65%-75% subject to project type
* Minimum loan amount for USA- based transactions is $2MM USD, For selected International transactions the minimum is $10MMUSD>
* No maximum loan amount (subject to underwriting)
* LMFC can arrange equity participation to facilitate a transaction in conjunction with debt financing.
* Mixed Use
* Retail (Anchored and Unanchored)
* Office Buildings
* Single Family Subdivisions
* Golf Courses
* Special Purpose Properties