LenderMAC
10550 Camden Drive, Suite B, Cypress, CA 90630
https://lendermac.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
4
Total loans closed with Loan Factory (past 12 months)
0
Lender overview
Basic information
Bridgeway Lending Partners LLC., ISAOA/ATIMA 10550 Camden Drive #B Cypress, CA 90630
N/A
Lock policies & Fees
Lock Policies
Free extension case by case exception, or15 days for 0.150pt , max of 30 days
Yes, normally at worse pricing with relock fee 0.25. Call for exception to renegotiate
Lender's niche & Overlays
~ Loan amounts up to 1 million and LTV up to 75%, NO reserves required
~100% gift fund & reserves allowed all occupancy, reserves wire directly to escrow
~Only need 30 days asset, 1 mo. bank statement or VOD, NO sourcing large deposits
~Recent purchase without seasoning, rate/term use current market value
~SFR with multiple ADUs & units with multiple ADUs
~Borrower with 3 fico scores, waive minimum tradeline requirement
~Originate Non-QM investment/business purpose loans without licenses
~Cash out transactions, no cash to hand (net proceeds) limit
For DSCR Program:
~FTHB, first time investor living rent free, no housing history rating required
~Properties listed for sale cancelled less than 6 months - cash out eligible
~Rate/term and cash out, vacant property okay, use 1007 rent for ratio
~Recent purchase cash out, no title seasoning required
~Foreigner and F1 student visa – eligible
Second lien not available for TX & NY
Lender turn time
1
1
N/A
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