Phone: 866.505.FUND
Address: 30699 Russell Ranch Road, Suite 295
Website: http://www.velocitymortgage.com/
Email: [email protected]
States They Lend In: California
We offer loan programs for Investment Residential, and Commercial Properties.
As direct portfolio lenders, Velocity Mortgage Capital provides loans when other lenders can't. Using Velocity's 'No Income Verification' program, you'll offer your customers competitive rates and terms while generating new revenue streams today, and into the future.
Key Loan Features
- Rates as low as 6.74%
- Funding from $75K to $5MM
- LTVs up to 75%
- No pay stubs or tax statements required
- 650+ mid FICO qualifies
- Brokers can earn up to 5 points on each deal (2 YSP)
- Correspondent relationships offered
- No balloons- 30 year amortized term with a 3 or 8 year fixed period
- Investor 1-4, Multi-family, Mixed-use Office, Retail, Warehouse, Automotive Service and more
Investor 1-4 Loans
These investment properties include single family homes, condos, town homes and 2-4 unit buildings. As long as the property is non-owner occupied, and is used for investment purposes, Velocity can provide a loan for your borrower. Maximum loan amount is $750k on SFRs and $2 million on 2-4 unit buildings with up to 70% LTV. Loan sizes over $2 million, are considered on a case by case basis. Impounds required. Loan is assumable at lender’s discretion
Traditional I
Velocity's Traditional I program extends to multi-family (5+ units) and mixed-use buildings. Maximum loan amount is $5 million with LTV up to 75%. Impounds required. Loan is assumable at lender’s discretion.
Traditional II
Our Traditional II program is designed for office buildings, general retail, warehouse, self- storage and automotive services. Maximum loan amount is $5 million with an LTV of 70%
Speak Your Mind