Advancial Federal Credit Union
10000 North Central Expressway, Suite 1400, Dallas, TX 75231
https://www.advancial.org/wholesale
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
17,896
Total loans closed with Loan Factory (past 12 months)
14,508
Lender overview
Basic information
Advancial Federal Credit Union, ISAOA/ATIMA C/O Midwest Loan Services, Inc. PO Box 690748 San Antonio TX 78269
Advancial Federal Credit Union, ISAOA/ATIMA 10000N. Central Expy., Ste. 1400 Dallas, TX 75231
Lock policies & Fees
Lock Policies
max 15 days 2 bps per day
N/A
Lender's niche & Overlays
• Up to $5,000,000 with no seasoning & no cap on the amount of cash out!
• Lending in all 50 states and DC
• FICO scores down to 600
• No credit and limited credit borrowers allowed
• Non-occupant co-borrowers allowed
• 1 year tax return / 1 year self-employed program
• Cash out proceeds can be used as asset depletion income - a possible reverse mortgage alternative!
• Non-warrantable Co-ops, Condotels, and Condos including small units with less than 500 square feet, studios, efficiencies, lofts, kitchenettes, etc.
• Unpermitted additions, unpermitted ADUs or multiple ADUs
• Manufactured outbuildings or multiple manufactured outbuildings
• Multi-units with ADUs
• Mixed use and other zoning
• Deed restrictions
• Properties with greater land value than structure value
• Homes on acreage and hobby farms with no acreage limit
• Vineyards with wineries
• Properties with agricultural and other exemptions
• Seasonal and off grid properties
Lender turn time
2
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1
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