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Red Fox Home Loan

红狐狸贷款策划 Jerry Li

Mortgage Licensed in CA,TX,FL,WA,NY

District Manager, NMLS#1319687

Real Estate Broker DRE#01978544

Property Manager

General Mortgage Capital Corp.

Hot Programs

GMCC Universe for Foreign Nationals – 3-2-1 Buy Down – Buy Without Sell – Unlimited DTI – Rental Special – Asset as Income – Jumbo Express Special

No Income/Foreigner

完全不查收入/外国人

  • 10 arm 6.25 (Apr 6.725) 1.25% point
  • No Income Doc Required
  • 40% Down, 12-18 month reserve
  • Gift fund Acceptable
  • Foreign Nationals, F, J, B visa accepted
  • Investment, Multi-Family, Same Rate
  • FICO 680+ or No Credit

Asset As Income

资产贷款

  • Primary only
  • Bank account, Investment, retirement funds
  • 6 months seasoning (asset statements)
  • Net asset / 84 = monthly income
  • Business funds – Not allowed

Buy without Sell

先买后卖

  • For house upgrade or downsizing
  • Primary home debts waived
  • Letter of intent to sell
  • 20% equity in current house
  • Additional reserve required
  • Max loan amount 3m
  • Income type: W2,VOE,P&l, bank statement
  • DTI 55%

DSCR Rental, No Income Doc

租金负债比贷款,不查收入

  • Min 20% down
  • No Income Doc Required
  • 6-18 month reserve
  • Gift fund Acceptable for Rentals
  • Vest in LLC acceptable
  • Up to 3m loan amount
  • Up to 20 properties

Bank Statements Only

自雇银行流水

  • No Tax Return
  • 12 or 24 month bank statement
  • Two Year self employment required
  • 25%+ ownership
  • Min 10% down
  • Up to 3m loan amount
  • Alternative type: 1099, CPA letter

Verification of Income

雇主/自雇收入证明

  • No tax documents needed
  • Gift funds ok, even for rental
  • Verification of employment Letter
  • P&L or CPA letter
  • EAD ok
  • Max 70% LTV
  • DTI 55%

Hot Home Loan Solutuions

  • The rate is subject to daily fluctuations.

No Enough Income

  • Non-QM up to 55% DTI
  • Jumbo Loan – Easier to qualify
  • Asset as Income
  • DSCR rental, no income doc
  • 30-40% down, no income doc
  • Buy without sell

No Enough Down/Closing Fund

  • Min 3% down for Conforming
  • Gift fund without sourcing
  • Reserve by gift
  • 10% down jumbo, no insurance
  • 20% down for rental DSCR

We can do all these

  • Foreigner, no credit history
  • Large deposit without sourcing
  • Max loan amount 5m+
  • ADU without permit
  • Stock/401k as income
  • Non-warrantable Condo

Disclosures

General Mortgage Capital Corporation: 1350 Bayshore Hwy Ste 740, Burlingame CA 94010

Ph: 866-462-2929 (866-GMCC-WAY) and 650-340-7800 /Email: [email protected];

NMLS – 254895 / CFL: 60DBO-66060

Real Estate Broker, CA Department of Real Estate: CA DRE: 01509029

Disclosures and Licensing: https://www.gmccloan.com/Disclosures.html

For all state licensing information go to: www.nmlsconsumeraccess.org

Licensed by The Department of Financial Protection and Innovation under the California Finance Lenders Act

Interest rates and annual percentage rates (APRs) are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables—call for details. This is not a credit decision or a commitment to lend. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available. APR reflects the effective cost of your loan on a yearly basis, considering such items as interest, most closing costs, discount points (also referred to as “points”) and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan). Your monthly payment is not based on APR, but instead on the interest rate on your note. Adjustable-rate mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period: ARMs assume 30-year term.

With a comprehensive suite of features, you can manage your budget, track your investments, plan for retirement, and more.

Frequently Asked Questions

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