FundLoans

This deal came to us after another lender refused to qualify this self-employed borrower based on his earnings. We stepped in, qualified the borrower using only a profit & loss statement, and closed the deal in 3 weeks!

Location: Calabasas, CA
Loan Program: Apex Prime - 1-Yr P&L Only Program
Loan Amount: $4,290,000
Transaction Type: Purchase
Property Occupancy/Type: O/O SFR
LTV: 55%
Credit Score: 743
Loan Term: 5/6m SOFR ARM

FundLoans financed a 12-month business bank statement loan for a high-net-worth borrower with a complex schedule of real estate owned. The broker team submitted a very detailed file and worked quickly to get us the conditions needed to close the file quickly (20 days from submission to funding).

Loan Details:
Location: Pacific Palisades, CA
Loan Program: Apex Prime – Bank Statement Program
Loan Amount: $5,000,000
Transaction Type: R/T Refinance
Property Type: SFR
LTV: 60
Credit Score: 763
Loan Term: 7/6 ARM

"The Name Speaks for itself, FUNDLOANS, these guys will get the job done, exceptions are common, and common sense underwriting is really a thing here. Will gladly be bringing more loans back."

A highly successful surgeon sought his dream home in the Hills, and FundLoans helped him achieve it. Typically, FundLoans offers up to 65% LTV on loans over $4 million. However, due to the borrower's low DTI, high FICO score, excellent credit history, and extensive medical career, we made an exception for 70% LTV. We qualified him by using business bank statements from two separate businesses, applying a CPA-advised expense factor, and allowing the use of business funds for cash to close. This loan went from Initial UW to funding in 10 days.

Loan Details:
Location: Beverly Hills, CA
Loan Program: Apex Prime - 12-Mo Bank Statement Program
Loan Amount: $4,690,000
Transaction Type: Purchase
Property Occupancy/Type: O/O SFR
LTV: 70%
Credit Score: 797
Loan Term: 7/6m SOFR ARM

FundLoans can offer delayed financing for up to 6 months after a purchase closes. In this case, we qualified the borrower with asset allowance (assets depleted over 60 months) and closed out this clean file with a satisfied borrower and broker.

Loan Details:
Location: Encinitas, CA
Loan Program: Asset Allowance
Loan Amount: $3,000,000
Transaction Type: Delayed Financing
Property Type: SFR
LTV: 58%
Credit Score: 760
Loan Term: 30-year fixed

These borrowers needed a 75% LTV loan and according to our guidelines, the requested loan amount was too high for this LTV. FundLoans came through with an exception due to the compensating factors of great credit history, low DTI, and plenty of reserves. The borrowers were eager to close on this home quickly as they had lost out on a previous purchase just a few weeks before. FundLoans finished the deal in just under 3 weeks to satisfy the broker and borrowers.

Location: Santa Monica, CA
Loan Program: Apex 12-Month Bank Statement Program
Loan Amount: $3,187,500
Transaction Type: Purchase
Property Type: SFR
LTV: 75%
Credit Score: 745
Loan Term: 30-yr fixed

Our DSCR program makes it easy for real estate investors to acquire a rental property, qualifying solely on property cash flow. With DSCR as low as zero, this is a great option for loans from $300K to $6MM.‌

We know that delivering on what you promise to your clients is vital...

"Everyone on the team was very responsive and helpful and also reached out to me with any questions they had. This was a 1031 Exchange and was a 6-month project to keep the loan alive. When the borrowers decided to move up their closing date, I was caught off guard and it was a rush for everyone on the team to perform and they were there to help! This was the first loan I closed with FundLoans and they treated me like I was a top seasoned broker of theirs in helping with a rush file. My greatest appreciation to everyone. I will definitely be sending them more business! The rates were fantastic as well."

This deal required an exception as the borrower didn't meet FundLoans' minimum credit score requirement for a $4M loan above 70% LTV. The borrower's strong compensating factors allowed FundLoans to approve the exception with ease. The borrower saved a couple hundred thousand dollars and eagerly moved into his new home which he could now invest in to start the spring season.

Loan Details:
Location: Fort Lauderdale, FL
Loan Program: Apex Prime - Bank Statement Program
Loan Amount: $4,000,000
Transaction Type: Purchase
Property Occupancy/Type: O/O SFR
LTV: 73%
Credit Score: 747
Loan Term: 40-Yr Fixed

If your borrowers want to take cash out against their property, FundLoans is the only wholesale lender that can finance up to $1M as a standalone 2nd.

To make this loan possible, we granted an exception to our guideline on business ownership percentage.

Loan Details:
Location: Delray Beach, FL
Loan Program: Aspire – Bank Statement 2nd Program
Loan Amount: $1,000,000
Transaction Type: Cash-Out Refinance
Property Type: SFR
Credit Score: 688
Loan Term: 30-Yr Fixed

This deal was a slam dunk for FundLoans, the broker, and most importantly the family homebuyers, who were able to obtain financing for their new $11.5M dream home on a hill overlooking the ocean. With a DTI less than 25%, the borrowers qualified with 2-year tax returns and received a gift from their daughter that was applied to cash-to-close and reserves. We granted an exception to the loan amount since our on-sheet pricing goes up to $6M.

Loan Details:
Location: Laguna Beach, CA
Loan Program: Montage Prime (Full Doc)
Loan Amount: $6,900,000
Transaction Type: Purchase
Property Occupancy/Type: O/O SFR
LTV: 60%
Loan Term: 7/6m SOFR ARM

Montage Prime is our Non-QM Full Doc & Asset Qualification program. With asset allowance, we can deplete assets over 60 months to use as income or we can qualify solely based on assets.

Highlights for the assets only method:
Qualified assets after closing must be sufficient to cover the new loan amount, down payment, reserves, and closing costs if it is a purchase. If it is a refi, then the loan amount, closing costs, prepaids, and reserves are all that is needed to be covered.

Talk to an AE today!

$3,246,000 BANK STATEMENT PURCHASE AT 80% LTV

FundLoans was able to make an exception for 80% LTV on a luxury SFR purchase using business bank statements. This borrower qualified with robust income, stellar credit history, and great collateral which made the 5% LTV exception attainable.

Loan Details:
Location: Marina Del Rey, CA
Loan Program: Apex Prime - Bank Statement Program
Loan Amount: $3,246,000
Transaction Type: Purchase
Property Type: SFR
LTV: 80%
Credit Score: 762
Loan Term: 30 Year Fixed

This borrower wanted to purchase a luxury home but couldn't qualify with W2 income alone. However, he had millions of dollars across checking & savings accounts, crypto currency, and stocks. FundLoans had the perfect solution to alleviate the DTI issue: Asset Allowance. By depleting the borrower's liquid assets over 60 months, FundLoans supplemented his W2 income to qualify him easily. From initial approval to funding, this loan was completed in 12 calendar days.

Loan Details:
Location: Los Angeles, CA
Loan Program: Montage Prime - 1-Yr Full Doc + Asset Allowance Program
Loan Amount: $2,557,500
Transaction Type: Purchase
Property Occupancy/Type: O/O Duplex
LTV: 75%
Credit Score: 691
Loan Term: 40-Yr Fixed (10-Yr I/O)

If you haven funded a loan with us yet, give us a chance to impress you with our white-glove service.

This borrower built a brand-new investment property in Lake Tahoe. FundLoans qualified them for a refinance based on short-term rental income and used the interest-only payments to calculate the DSCR. The borrower was able to pay off the construction loan and smoothly move to a 30-year loan to start generating rental income.

Loan Details:
Loan Program: Spectrum No Ratio – DSCR Program
Loan Amount: $3,802,500
Transaction Type: Rate & Term Refinance
Property Type: SFR
Loan Term: 30-Year Fixed Interest-Only (10-yr I/0)

10 Calendar Days from Setup to Funding! Using a transferred appraisal from a bank that couldn’t qualify this borrower with full income documentation, FundLoans found a solution using bank statements from the borrower’s internal medicine business. Since she has multiple investment properties that counted against her DTI, it was vital we sourced the bank statements to show as much income as possible to fund this purchase loan.

Loan Details:
Location: Cape Coral, FL
Loan Program: Apex Prime – Bank Statement Program
Loan Amount: $502,350
Transaction Type: Purchase
Property Type: SFR
LTV: 85%
Credit Score: 767
Loan Term: 30-Year ARM

This borrower was looking for long-term financing to get out of a construction loan. As an entrepreneur with multiple businesses, he qualified using bank statements from three separate companies to keep his DTI under 50%. FundLoans facilitated a special deal with a 2% LTV exception (57% LTV), so the borrower didn't have to bring in extra funds to close. To lower the monthly payment, we set him up with an interest only loan.

Loan Details:
Location: Santa Barbara, CA
Loan Program: Apex Prime – Business Bank Statement Program
Loan Amount: $4,000,000
Transaction Type: Rate & Term Refinance
Property Type: SFR - Investment
LTV: 57%
Credit Score: 775
Loan Term: 7/6 SOFR ARM 30-Year IO

Don’t miss this limited time deal for purchases

Big-time bank statement lender. FundLoans' alt-doc program is the best in its class.

No tax returns were required for this file. To qualify this borrower, we used liquid assets depleted over 60 months (asset allowance) supplemented with lease agreements for income on 4 rental properties. We funded the purchase loan for this house back in September and the broker came back to us for this refinance.

Loan Details:
Location: Encinitas, CA
Loan Program: Montage Prime – Asset Allowance Program
Loan Amount: $2,025,000
Transaction Type: R&T Refinance
Property Type: SFR
LTV: 75%
Loan Term: 40-Year Fixed

Our “Assets Only” program does not require a DTI calculation. If the borrower’s assets cover the loan amount plus closing costs, we're in business.

This rate & term refinance for a luxury condo in LA helped the borrower pay off a hard money bridge loan that was coming due. What may be a long shot for most lenders was a slam dunk for FundLoans.

Loan Details:
Location: Los Angeles, CA
Loan Program: Montage Prime - Assets Only Program
Loan Amount: $2,568,750
Transaction Type: R/T Refinance
Property Type: Condo
LTV: 75%
Loan Term: 30-Yr Fixed

Big Rate Reduction Non-Reflective of the Market!

Today FundLoans dramatically lowered rates on most first liens up to $2.5 Million. Do not miss out on this pricing initiative! Call your AE and lock in your deals with this great pricing.

These borrowers spent $250K of personal funds upgrading their property over the last year. Since there were issues with the bank statements, we decided to go full doc and qualify the borrowers based on what they pay themselves from their business. We set them up with a new 1st mortgage that provided cash out, lower rate, and lower monthly payments.

Loan Details:
Location: Temecula, CA
Loan Program: Montage Prime – Expanded Full Doc Program
Loan Amount: $1,500,000
Transaction Type: Cash-Out Refinance
Property Type: PUD
LTV: 70%
Credit Score: 710
Loan Term: 40-Year Fixed

FundLoans can now accept 2 ADUs on SFRs for our bank statement 2nd program. This file was turned down by another lender because of the 2 ADUs but FundLoans stepped up. We took the transferred appraisal, then qualified the borrower with bank statements and rental income through lease agreements (no tax returns needed).

This borrower qualified with just a P&L statement and a CPA letter – no bank statements needed. Overall, the process proved to be smoother than using bank statements for this entrepreneur.

Loan Details:
- Location: Coronado, CA
- Loan Program: Apex Prime P&L Only Program
- Loan Amount: $1,948,000
- Transaction Type: Cash-Out Refinance
- Property Type: Condominium
- Loan Term: 30-Yr Fixed

Don’t miss your chance to speed through DSCR files with FundLoans. FAST PASS is live. Submit your files by February 14 for expedited approvals (as fast as same day!) - talk to your account executive to learn more.

The owner of this luxury San Diego home worth $10.75 million wanted to cash-out without losing their low-rate first. FundLoans made it happen with our standalone 2nd mortgage. We granted a special exception to allow the combined loan amount to be above $5 million.

Loan Details:
Location: La Jolla, CA
Loan Program: Aspire - Bank Statement 2nd Mortgage
Loan Amount: $750,000
Transaction Type: Cash Out 2nd
Property Type: SFR
LTV: 49.9%
Credit Score: 764
Loan Term: 30-Year Fixed

DSCR FAST PASS IS BACK. Through Feb 14, DSCR files finish 1st. Expedited approvals (as fast as same day!) - talk to your account executive to learn more.

FundLoans assisted this self-employed borrower by using their business bank statements to qualify for the purchase of a Luxury home in Seattle. Challenges with credit score, housing history and nature of borrower’s business were overcome to place this borrower in their dream home.

Loan Details:
Location: Seattle, WA
Loan Program: Apex Prime – Business Bank Statement Program
Loan Amount: $2,082,500
Transaction Type: Purchase
Property Type: SFR
LTV: 70%
Credit Score: 661
Loan Term: 30-Year Fixed