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Updated over 8 years ago,

User Stats

98
Posts
16
Votes
Robert Grant
  • Lender
  • Los Angeles, CA
16
Votes |
98
Posts

No Income Doc loans at 7.49% at Par, 30yr Amo, No Points!

Robert Grant
  • Lender
  • Los Angeles, CA
Posted

Velocity is a nationwide wholesale lender specializing in a true No Income/No Asset product for non-owner SFR's, N/O/O or O/O 2-4 Unit Investment properties, 5+ Multifamily, Mixed-use, and traditional Commercial properties (Office, Retail, Warehouse, Self-Storage, Automotive (no gas stations). Here are a few program highlights:

NO INCOME VERIFIED

NO EMPLOYMENT VERIFICATION

NO TAX RETURNS

NO PAY STUBS

NO YTD PROFIT & LOSS

NO 4506/CPA LETTER

NO 12-24 MONTHS BUSINESS BANK STATEMENTS

NO BALLOON PAYMENT

NO CASH OUT RESTRICTIONS

NO RESERVE REQUIREMENTS

NO EXIT STRATEGY & NO PERSONAL FINANCIALS

PROGRAMS FOR FOREIGN NATIONALS

OKAY FOR WAGE EARNERS TOO

CAN FINANCE UP TO 10 PROPERTIES PER BORROWER

CAN VEST AS INDIVIDUAL OR LLC/CORP

1ST TD’s ONLY / PURCHASES & REFINANCES

LOAN AMOUNTS FROM 75k-5MM

NO MAXIMUM NUMBER OF PROPERTIES OWNED

FAST BROKER APPROVAL WITH NO BUYBACK CLAUSE

NO DCR ON SFR'sor COMMERCIAL LOANS UNDER $500k

6.75% Floor Rate, No Upfront Points, Fully Amortized Terms

NOW OFFERING BROKER REBATES!!!!  WE PAY UP TO 5PTS ON EVERY DEAL!!!

Contact me today with your No Income Doc Scenario!!!!

All my best,

Robert

Robert Grant

National Account Executive

Velocity Mortgage Capital

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