Mortgage Broker - Roseville California

MAC Real Estate Services ( Since 2003) 

Desi Loan Broker .com 

broker@macloans.net

 Text/Call: 916-917-2393

Mortgage Broker Near Me Find a local mortgage broker

 LOAN PROGRAMS

Conventional

1. Convorming Fixed
2. Elite Conforming
3. Elite MI - Low Mortgage Insurance
4. High Balance [From $726,000]
5. Elite High Balance
6. ARM: 5,7 &10 Year
7. Home One
8. Home Ready
9.  Home Ready Special Purpose
10. Refi Now 
11. Home Possible
12. Conventional 1% Down Payment\
13. Borrow Smart by Freddie Mac
14. Refi Possible
15. Limited Review Condo
16. Single Premiun MI
17. 20 Properties Loan

DSCR

Upto  20 Properties (rental income only) Purchase or Refi

Investor Flex

Bank Statement Loan

Non-QM

1.  40 Year Fully Amortized
2. 1099 for Self Employed
3.  DSCR 
4.  Second Loan (HELOC)

Commercial

1. Apartment Complex (5 +)
2. Mixed use property
3. Small Retail
4. Office Building
5. Self Storage
6. Construction Loan 
7. Industrial

CONVENTIONAL LOAN PROGRAMS

STANDARD CONVENTIONAL LOAN PROGRAM

• 620+ FICO
• Primary, second and investment properties
• Loan amounts up to county loan limit
• Eligible for primary, second and investment properties on purchase, rate/term and cash-out refinances
• LTV's as high as 97% on purchase and rate/term refinances
• LTV's as high as 80% on primary home and 75% on second home and investment cash-out refinances
• High Balance available for loan amounts over the county loan limit
• Lender and seller paid Temporary Rate Buydowns available

ElitE

1. 700+ FICO, up to 80% LTV
2. Loan amounts from $125,000 up to county loan limits
3. Eligible for primary, second and investment homes
4. Appraisal Waivers honored
5. Includes conventional and high balance
6. Available on single- and multi-wide manufactured homes, co-ops*, condos and PUDs
7. Lender and seller paid Temporary Rate Buydowns available

Elite MI

.

• Among the lowest mortgage insurance rates in the industry
• Instant MI saves 3-7 days on the loan process
• No overlays
• No adjustments for DTI or number of borrowers
• Starts at 620 FICO

HIGH BALANCE

• Loan amounts from $726,200 up to county loan limit
• LTV's as high as 90%
• 620+ FICO
• Lender and seller paid Temporary Rate Buydowns available
• Available on co-ops*, condos, PUDs and One-Time Close New Construction loans

ELITE HIGH BALANCE

5

• 700+ FICO
• Up to 80% LTV
• Loan amounts from $726,200 up to county loan limits
• Appraisal Waivers honored
• Underwrite to AUS findings
• Includes convention and high balance
• Available on co-ops*, condos and PUDs
• Lender and seller paid Temporary Rate Buydowns available

ARMS: 5, 7 AND 10 YEAR

Lower rate options with our 5-, 7- and 10-year adjustable-rate mortgages

• Conventional Elite 5, 7, and 10 year
  • 700+ FICO, up to 80% LTV
  • Primary, second, and investment properties on purchase, rate/term and cash out refinance
  • $125,000 minimum loan amount
• Conventional 5, 7, and 10 year
  • 620+ FICO, up to 95% LTV
  • Primary, second, investment, purchase, rate/term and cash out refinance
  • One-Time Close New Construction loans available for 7 and 10 year ARMs
• Conventional Elite High Balance 5, 7, and 10 year
  • 700+ FICO, up to 80% LTV
  • Primary, second, and investment properties on purchase, rate/term and cash out refinance
  • Loan amounts from $726,200 up to county loan limit
• Conventional High Balance 5, 7, and 10 year
  • 620+ FICO, up to 95% LTV
  • Primary, second, investment properties on purchase, rate/term refinance and cash out refinance
  • Loan amounts from $726,200 up to county loan limit
  • One-Time Close New Construction loans available for 7 and 10 year ARMs
• Lender and seller paid Temporary Rate Buydowns available

HOME ONE

.

• Purchases up to 97% LTV
• No income restrictions
• Available in all geographic locations
• Eligible for single family homes, including townhouses and condos
• At least one borrower must be a first time homebuyer
• LPA only
• Available on single- and multi-wide manufactured homes with LTV up to 95%, co-ops* and PUDs
• Lender and seller paid Temporary Rate Buydowns available

HOME READY

• Conventional options for borrowers looking to purchase with a low down payment or refinance with limited equity. Use the Fannie Mae Lookup Tool to see if a subject property meets the county loan limit requirement.

  • Purchases up to 97% including FTHB
  • Refinances serviced by FNMA eligible up to 97% LTV
  • Reduced Mortgage Insurance
  • High Balance available
  • Income up to 80% of the AMI
  • Gift funds eligible for entire down payment
  • Available on single- and multi-wide manufactured homes with LTV up to 95%, condos, co-ops* and PUDs
  • Lender and seller paid Temporary Rate Buydowns available

HOMEREADY® SPCP

9

Help more first-time homebuyers achieve homeownership with the HomeReady Special Purpose Credit Program.

• Borrowers receive
  • $5,000 grant
  • Up to $500 toward a 1-year home warranty
  • Up to $500 toward appraisal costs
• Borrower’s current primary residence must be located in an eligible census tract in one of the following Metropolitan Statistical Areas
  • Detroit, MI
  • Baltimore, MD
  • Chicago, IL
  • Atlanta, GA
  • Memphis, TN
  • Philadelphia, PA

REFINOW

• RefiNow lets more of your borrowers save on their monthly mortgage payments! Use it to help your homeowners who currently have a Fannie Mae-backed loan, have income at or below 100% of their area median income (AMI) limit, and can reduce their interest rate by a minimum of 50 basis points.

  • Loan must be conventional and owned or securitized by Fannie Mae
  • Must have a reduction in their monthly mortgage payment*
  • 30-year fixed loans with an LTV up to 97%
  • 620+ FICO, up to 65% DTI
  • Primary residence rate/term refinance
  • $500 credit from Fannie Mae if an appraisal was obtained
  • Available on single- and multi-wide manufactured homes, co-ops**, condos and PUDs

  *Reduction must include principal, interest and the mortgage insurance payment (if applicable).

HOME POSSIBLE

.

• A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity. Use the Freddie Mac Lookup Tool to see if a subject property meets the county loan limit requirement.

  • Up to 97% LTV
  • 620+ FICO
  • First time homebuyers, move-up borrowers and retirees
  • Refinances up to 97% LTV, regardless of current mortgage program
  • High Balance available
  • Income up to 80% of the AMI
  • Available on single- and multi-wide manufactured homes, co-ops*, condos and PUDs
  • Lender and seller paid Temporary Rate Buydowns available

CONVENTIONAL 1% DOWN

• • Open more doors to homeownership With UWM’s Conventional 1% Down program. When income-qualified buyers put 1% down, UWM will pay an additional 2%, up to $4,000, giving them a 3% total down payment.

    • For borrowers with income at or below 80% of the Area Median Income (AMI)
    • 620+ FICO
    • 30-year fixed loans with an LTV of 97%
    • Eligible for primary purchases only
    • High Balance not available

FREDDIE MAC BORROWSMART℠ (30-YEAR FIXED)

13

For a limited time, help qualified buyers get up to $1,500 toward their down payment or closing costs.

• 620+ FICO, up to 97% LTV
• Eligible for primary purchases only
• At least one qualifying borrower will be required to complete homebuyer counseling session through Homeownership Preservation Foundation (HPF) Process for a fee of $99
• Qualified buyers with an income less than or equal to 50% of the AMI receive $1,500
• Qualified buyers with an income between 50% and 80% of the AMI receive $500
• Available on single- and multi-wide manufactured homes, co-ops*, condos and PUDs
• Lender- and seller-paid Temporary Rate Buydowns available

Use Freddie Mac's Income and Property Eligibility Tool to confirm borrower meets eligibility requirements.

REFI POSSIBLE

• Refi Possible helps your borrowers who currently have a Freddie Mac-backed loan save on their monthly mortgage payment. As with Fannie Mae’s RefiNow, applicants must have income at or below 100% of their area median income (AMI) and be able to reduce their interest rate by a minimum of 50 basis points.

  • Loan must be conventional and owned or securitized by Freddie Mac
  • Must have a reduction in their monthly mortgage payment*
  • 30-year fixed loans with an LTV up to 97%
  • 620+ FICO; up to 65% DTI
  • $500 credit from Freddie Mac if an appraisal was obtained
  • Available on single- and multi-wide manufactured homes, co-ops**, condos and PUDs

  *Reduction must include principal, interest and the mortgage insurance payment (if applicable).

LIMITED REVIEW CONDOS

.

• • Condo approvals quick and easy with our limited review process. All files receiving a limited review response in AUS will only need a minimum evaluation by our condo department.

    • Available in all 50 states
    • No condo questionnaire required
    • Lender and seller paid Temporary Rate Buydowns available

our DSCR  [debt service coverage ratio] LOANS

ALLOW BORROWERS TO FINANCE UP TO 20 PROPERTIES BY

USING EACH PROPERTY’S MONTHLY RENTAL INCOME TO

QUALIFY FOR INVESTMENT PROPERTIES

16

Investor Flex is  Debt Service Coverage Ratio (DSCR) loan program. It offers 4 different loan options for your real estate investor borrowers using the prospective rental income of the property, rather than the borrower’s income, to qualify.

With loan options up to $2M for purchases and refinances, you can help your borrowers grow and scale their real estate portfolio. Plus, long-term real estate investors can elect to add a 1-, 2- or 3-year pre-payment penalty in exchange for better pricing.* As long as they don’t pay off or sell the property within the agreed-upon pre-payment period, they’ll benefit from savings that can be used elsewhere.

REFI 

• Refi

LIMITED 

.

• • Condo

NOO (NON OWNER OCCUPIED)

NON-QM   LOAN PROGRAM

40 YEAR FULLY AMORTIZED LOAN TERM

1

• ·         As little as 0 months reserves (Use property
  cashflow to qualify)

  ·         FICOS As Low As 620

  ·         No LTV Restrictions on 2-4 units

  ·         40 Year Fully Amortized Term

  ·         Rural Properties – Allowed max 2 acres

  ·         100% gift funds allowed if borrower can verify they have 5% of their own funds

  ·         Recently listed properties allowed with min prepay of 1 yr.

  ·         Use Highest mid score for any borrower on the loan for both qualifying and pricing

  ·         Living Rent Free Allowed for Experienced Investors Only

  ·         Use actual rents received with 2 months documentation dated prior to application date

  ·         STR’s allowed up to 75% LTV

.

2

NON-QM  

3

NON -QM EXPRESS DSCR - For Borrowers with Positive Cash Flow

Non Trid - Close Fast!

Purchase Money & Rate & Term to 80% LTV

Loan Amounts to $3 Million

4

Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first

Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first

Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first

NON-QM SECOND 

Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first

Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first

Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first

Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first

Commercial Loan Program

Commercial Purchase

• Copy of the listing if it’s a purchase
• Rents per unit
• Bedroom count per unit or tenant name, lease end date for office/retail units
• Most recent 2 year expenses on property / Schedule E/8825’s if available is better
• Amount owed
• Target loan amount for cash out

First Time Home Buyer Education

.

Partner Services

FAQ

Contact Us

.....

Phone:
+1-916-516-1116

Email:
broker@macloans.net

Address:

MAC  Real Estate Services
140 Diamond Creek Place, Suite 140

Roseville, CA 95747

NMLS / DRE:

DRE 01800662

NMLS 347022

Company NMLS 1133016

© 2023 by myApp. Powered and secured by Pulse