LendSure Mortgage Corp.
12230 World Trade Drive, Suite 250, San Diego County, CA 92128
https://lendsure.com
Internal Reviews
(7 reviews)
Total loans closed with Loan Factory
18,663
Total loans closed with Loan Factory (past 12 months)
15,070
Lender overview
Basic information
Hazard Insurance Mortgagee Clause: Rushmore Servicing Its successors and/ or assigns P.O. Box 7729 Springfield, Ohio 45501-7729
Title and CPL Mortgagee Clause: LendSure Mortgage Corp. ISAOA 12230 World Trade Drive, Suite 250 San Diego, CA 92128
Lock policies & Fees
Lock Policies
Rates do not change daily
N/A
Lender's niche & Overlays
Contact your AE for special pricings
NICHE
- Buy Before You Sell (Bridge/Purchase) w/ Min 680 FICO
- Borrowers can Leverage Equity from Multiple Properties to Purchase a New Property (OO or NOO)
- Stand Alone Bridge w/ Min 720 FICO (must qualify with Income for stand alone )
HIGHLIGHTS
- Bridge Loans " Boost " Bridge Option Offering Seamless Transition
- Bank Statement Income (Expense factor as low as 10%.. NO CPA Needed .. Utilize SEQ. for Expense factor )
- DSCR Up to 85 % LTV w/ 700 (+) FICO
- P & L and CPA/CTEC or E.A up to 80 % LTV
- Assets Depletion (Disbursements NOT Required)
- Non-Warrantable Condos Up to 80 %
- 2-4 units Up to 85 %
- CASH - OUT Up to 80 % O/O and Up to 75% N/O/O
- Fix n Flips and Ground Up Construction
ANOTHER NICHE
STACKING Borrower Paid Comp financed without increasing the rate.
Example: 80% LTV, we will lend up to 82% to pay your Origination comp, keeping the rate the same. Which means less cash out of pocket for your borrowers at closing.
Bridge Loan
Deferred Payments: Provide your clients with the flexibility to defer payments for up to 1 year, allowing them to settle into their new home without immediate financial stress of two mortgage payments.
Immediate Liquidity: LendSure pays off existing mortgages swiftly, freeing up equity for down payments on their new property.
Simplified Process: Our streamlined approval process ensures a seamless experience from application to funding, making it easier than ever to close deals.
A glimpse of what we offer:
- 1031 Exchange with Bridge Loan: Perfect for investors looking to defer taxes while maximizing property value.
- 40-Year Fixed IO Loans: Extended terms to ease monthly payments for borrowers.
- Asset Depletion / Asset Qualifier: Utilize your clients’ assets to secure loans.
- Bank Statement Mortgage: Ideal for self-employed borrowers needing flexible documentation.
- BOOST Bridge Financing: Quick solutions for clients needing immediate funding.
- Condotel Loans: Financing options for condominium hotels, expanding your market reach.
- DSCR Investors Cash Flow: Cash flow-based lending for investment properties.
- Expanded Approval Non-QM Loans: Helping more clients qualify with flexible guidelines.
- Fix and Flip Financing: Tailored loans for real estate investors looking to renovate properties.
- Foreign National Loan Programs: Open doors to international clients seeking U.S. property.
- Investment Property Loans: Comprehensive options for every type of investor.
- Jumbo Loans: Competitive financing for high-value properties.
- Non-Warrantable Condo Loans: Solutions for condos that don't meet conventional criteria.
- Profit & Loss (P&L) Program: Simplified income assessment for business owners.
- Super Prime & Alt-A Non-QM Loans: Catering to a broader client base with unique financing needs.
Trend to Blend your income to get your MAX DTI.
Income Source – W2 & Paystub (12,24) , 1099 (12,24), Bank Statements (12,24),1040 (12,24),P & L and CPA Letter, Business Income, DSCR (Rental), DSCR No Ratio,
- 39 Acceptable Income Types
- DTI above 50% (Exceptions Made)
- DSCR below 1.1 (Income Qualifier)
- Personal or Business Bank Statements
- Mixed Income Acceptable (Max out your DTI)
- Complex Income Simplified
- Cannabis Income Acceptable
- Foreign Income Acceptable
- Venmo and Cash App Acceptable
Lender turn time
2
1
1
Review - LendSure Mortgage Corp.
5.0
7 Google Reviews
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