SOME NICHE PRODUCTS
TBD Loan Approvals:
Our purchase clients now have the ability to obtain a fully underwirtten loan scenario without having identified a property. By having a complete full approval in hand, our clients can make bold and confident offers by reducing the escrow period in their offers. Competing with all cash offers has always been a challenge, but our TBD approval process can bridge the gap and make our clients offers stand out. Removing loan contingencies is always a scary situation, but with a TBD loan approval our clients can rest assured that they their file has been already cleared and ready to fund once they get their offer accepted.
Customized Loan Terms:
Have you ever wanted to refinance into a better interest rate, but you have already paid down many years of your loan and do not want to start a new 30 year loan term? With customized loan terms our clients can choose what loan term they want. Typical lender loan terms are 30 Year, and 15 Year, but with our customized loan terms, you can choose any terms between 10-30 years. For Example: 17 years and 2 Months OR 22 Years and 1 Month. We can customize loan terms to meet our clients needs.
Customized Interest Rates:
We at National One think about our clients needs and making sure they are fully satisfied. Typical lender rates provide set incremental adjustments such as 4.25, 4.375, 4.5, and they adjust every 1/8 of a percent. With customized rates we are able to adjust rates by 1/100 of a digit. For Example: 4.22%, or 4.23%, or 4.24%. We always do our very best to provide the very best rates available and even if that means reducing rate by a 100th of a rate fraction.
Stated Income ADVANTAGE
For self employed borrowers who do not wish to provide tax filings, bank statements, or pay-stubs, we allow a simple CPA Letter and a Profit and Loss statement in exchange. The Profit and Loss statement will be veryfied by the CPA or Certified Accountant, and our lenders will use the CPA stated income for qualification purposes.
If employed, we can utilize only a VOE (Verification of Employement) obtained by the employer. The income that is verified by the employer will be used for income qualification purposes.