WELCOME TO GENERAL MORTGAGE CAPITAL CORPORATION
In general, any rental property financing requires a lot more down payment and has much higher rate. By working with wall street investors directly. We are able to deliver much better solution. In less down payment, and better rates.
-- using rental cash flow program , only subject rental income used to qualify
-- if not enough cash flow, we can just do no ratio DSCR, min 620 FICO, 25% down, no reserve, rental
-- 30% down investment, can use 100% gift fund
-- possible 40 year amortization, Interest only, cash out even on No Ratio DSCR
In June 2019, one borrower is buying 1 M worth rental property, 40% down, GMCC loan officer is able to lock at 15 year ARM 3.875% APR, compared to market middle 4% APR.
1. 20% down rental special, good rate.
2. special DSCR or even No Ratio programs,
-- using rental cash flow program , only subject rental income used to qualify
-- if not enough cash flow, we can just do no ratio DSCR, min 620 fico, 25% down, no reserve, rental
no employment or any other income required, fast, and much cheaper than private/hard money
-- 30% down investment, can use 100% gift fund
-- possible 40 year amortization, Interest only, cash out even on No Ratio DSCR
We can use DU to do jumbo underwriting even for investments.
If any questions, please email to info@gmccloan.com to request 1 to 1 personal consultation
Copyright © 2018 General Mortgage Capital Corporation -
All Rights Reserved.
For Licensed Professionals Only; Not for Consumers
General Mortgage Capital Corporation and eMeta Funding are licensed in the following state: Alabama – 23260, Arizona – NMLS: 1026178, Arkansas – 129989, California CFL – NMLS: 60DBO-66060, California DRE – NMLS: 01509029, Colorado – NMLS: 254895, Connecticut – NMLS: 254895, Delaware – NMLS: 038061, Florida – NMLS: MLD2191, Georgia – NMLS – 254895, Hawaii – NMLS: HI-254895, Idaho- NMLS: MBL-2080254895, Illinois – NMLS: MB.6761662, Indiana – NMLS: None, Iowa – NMLS: 2022-0038, Kansas- NMLS: MC.0025844, Kentucky – NMLS: MC782027, Louisiana – NMLS: 254895, Maine- NMLS: 254895, Maryland – NMLS: 254895, Massachusetts – NMLS: MC254895, Michigan – NMLS: FR0024243, Minnesota – NMLS: MO-MN-254895, Mississippi – NMLS:254895, Missouri – NMLS: 254895, Montana – NMLS: 254895, Nebraska – NMLS: 254895, Nevada – NMLS: 5419, New Hampshire – NMLS: 24850-MB, New Jersey – NMLS: 254895, New Mexico: NMLS – 254895, New York - NMLS: LMB 110903, North Carolina – NMLS: L-208502, North Dakota - NMLS: MB104140, Ohio – NMLS: RM.804881.000, Oklahoma – NMLS: ML014608, Oregon – NMLS: 254895, Pennsylvania – NMLS: 96566, Rhode Island – NMLS: None, South Carolina – NMLS: 254895, South Dakota - NMLS: 254895.ML, Tennessee – NMLS: 254895, Texas – NMLS: 254895, Utah – NMLS: 12679832, Vermont – NMLS: LL-254895, Virginia – NMLS: MC-7314, Washington – NMLS: CL - 254895, Washington DC – NMLS: MLB254895, West Virginia – 254895, Wisconsin – NMLS: 254895BA, Wyoming – NMLS: 4763.
Texas: Any consumer complaints please click below: https://www.sml.texas.gov/wp-content/uploads/2021/07/rmlo_81_200_c_recovery_fund_notice.pdf
Licensed Mortgage Banker-NYS Department of Financial Services