PROGRAM HIGHLIGHTS - CALIFORNIA ONLY
No Minimum DSCR Needed*
No Minimum Fico Score Required*
No Tradeline Requirements*
No Reserve Requirements*
No Seasoning Of Down Payment Required*
No Seasoning Of Closing Costs Required*
No Seasoning On Rate & Term*
No Seasoning On Cash-Out*
No Restrictions On Gift Funds*
No Rate Locks To Worry About*
No Prepayment Penalties*
No Early Pay-Off Penalties*
No Impounds Option Available*
Late Payments Ok*
Foreclosure Ok*
Bankruptcy Ok*
Lend to LLC Or Corporation Ok*
First-Time Investors Allowed*
Interest-Only Programs Available*
ITIN OK*
Max 4 Units*
Vacant Properties Okay*
Why Partner With Us
Local Decision Making Allows Us To Give An Initial Approval (Quick Answers)
We Can Usually Tell You Immediately If We Can Be Your Lender
Click Below or Call Us About Your Scenario
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Upon receipt, the file will be reviewed and any missing items will be requested.*
Incomplete files will not be submitted for approval.*
Once the file is approved, An updated conditions list will be emailed with any outstanding conditions.*
Our approval is subject to the information presented on the Initial submission.*
Should the final package be different than the Initial submission, your loan terms, rate & approval might differ.*
Disclaimer: All loans are subject to the marketability, quality & condition of the subject property for approval.*
The programs advertised are not a commitment or guarantee from Accelerated Lending Group to lend.*
Programs, rates, and other terms and conditions are subject to change without notice, some restrictions apply*
PURCHASE
Up to 65 - 75% LTV of the property value - case by case basis*
Seller Contributions Ok*
Minimum loan amount 50K*
Loan amounts up to 2 million*
RATE & TERM REFINANCE
Up to 60 - 70% LTV of the property value - case by case basis*
Minimum loan amount 50K*
Loan amounts up to 2 million*
REFINANCE CASH-OUT
Up to 60 - 70% LTV of the property value - case by case basis*
Minimum loan amount 50K*
Loan amounts up to 2 million*
INITIAL SUBMISSION CHECKLIST
Initial Submission Form & Checklist (See ToolBox Below)
Complete 1003 (Please submit in MISMO 3.4 Format)
Copy of credit report within 60 Days of submission (All Pages)
Copy of Valid Drivers License
Copy of Social Security Card or ITIN CARD
Copy of the borrower’s most recent first page only of the tax return.
* If the property is (or will be) in the name of an LLC, Corporation, Trust, Estate, etc. then we will need all documents pertaining to that entity (EIN #, Articles of Incorporation ). (The loan application package needs to be completed by the person who will be signing for the entity)
Statement of Information (See ToolBox Below)
Fully executed purchase agreement (If Applicable)
Copy of subject property insurance
Copy of most recent mortgage statement (For refinance loans)
TOOLBOX (Downloadable PDF Forms Below)
Rent Roll Form (If Applicable)
INITIAL MLDS/UW
New Files (Purchase): 1-2 Business Days
New Files (Refi): 1-2 Business Days
Conditions: 1-2 Business Days
Closing
CTC MLDS Issuance: 1 Business Day
Loan Docs
Schedule at least 1 - 2 business days out from signed CTC MLDS
