ALISO VIEJO, October 18, 2019 /Marketwatch — 1st Nationwide Mortgage is pleased to announce additional financing options to complement their array of loan programs; the hard money program and bridge financing loan program. As a continuation of 1st Nationwide’s service expansion, these recent additions will make the mortgage process more efficient for home buyers and investors.
“Our main objective is to provide an excellent experience for our buyers while accomplishing their dream of homeownership, and these new programs help achieve this by improving the loan process and easily navigating through common hurdles when buying a new home,” said Scott Fitzpatrick, a Business Development Executive of 1st Nationwide Mortgage.
“We are committed to moving forward with growing our available loan products to fulfill the demands of our growing client base, through the latest mortgage products and new branch locations.”
Our hard money loan programs seek to deal with frequent loan application challenges, such as tax returns or pay stubs needed to confirm income along with borrowers who want to buy a fixer-upper. These type of loan programs permit investors the chance to qualify for a residential loan by using the market rents and after rehab value to confirm maximum loan amounts. The program empowers 1st Nationwide to finance qualified buyers for up to 75% loan-to-value (LTV) of the homes price.
The company’s highlighted loan product, Conventional 97 Financing loan program, will not require mortgage insurance like lots of other lending programs. Certain restrictions do apply and are subject to change. There are median income limits for single family, primary residence homes only. This loan product helps homebuyers who are not able to come in with the standard 20% down payment the chance to realize their homeownership dreams, while also not having to deal with the cost of private mortgage insurance that lots of home buyers with smaller down payments are burdened with.
Specific underwriting guidelines and credit conditions apply to all borrowers. Contact 1st Nationwide for details.
*Example of a Hard Money Loan Transaction in California. Purchase Price of $480,000.The After Rehab Value (ARV) is $675,000. Borrower is loaned (a) 70% ARV, or (b) your total purchase price + rehab costs, whichever of the two options is lower. Interest rate, fees, and other terms are subject to change. Not all borrowers will be approved. Loan is subject to credit approval. Available loan programs and terms will vary by state.
About 1st Nationwide Mortgage
1st Nationwide Mortgage is a direct residential mortgage lender providing loans to qualified borrowers throughout the United States. Founded in 1998, 1st Nationwide offers a wide range of mortgage products including purchases, refinances, Conventional, FHA, VA, USDA, and Jumbo loans. As a direct lender, the entire loan process, from application to closing, is handled in-house to close the loan faster. 1st Nationwide Mortgage’s Corporate Office is located in Aliso Viejo, California with branch offices in several states. This is not an offer to enter into a rate lock agreement under CA law, or any other applicable law. CA Bureau of Real Estate, Loan Correspondent #01517084, (213) 620-2072, California Department of Corporations 603K287, Arizona #0949876, Colorado Mortgage Company Registration, Idaho Mortgage Broker/Lender License MBL-9593, Florida #MLD1423, Texas SML #1437886, Oregon Mortgage Lending License ML-5326, Virginia #MC-6675, Washington Consumer Loan Company CL-1281. For more information, go to www.1stNWM.com.
Phone Number: 949-207-3399
Address: 65 Enterprise, Aliso Viejo, CA 92656