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GMCC Specialty Programs
GMCC Universe/CRA
GMCC Universe/CRA
GMCC Universe/CRA
Program Highlights:
- No FICO necessary. No bad credit
- No employment verification. No VOE
- No income. No revenue needed
- Any legal visa ok or any EAD ok
- Even foreigner is ok.
- Down payment no need to be in U.S. financial institutes and can be 100% gift even for rental
- Just 40% for primary /secondary. Rental or cash out 50%
- 1-4 units. Cash-out Rental. Same rate.
- if CRA; can be 75% LTV even for rental if qualified , 660 minimum FICO or alternate tradelines with 5% Reduction in LTV
The GMCC Universe CRA program is available in select counties across the following states:
- California: San Francisco, Alameda, San Mateo, Santa Clara, Sacramento, Contra Costa, Los Angeles, Orange, Riverside, San Bernardino, and San Diego
- Nevada: Clark
- Washington: King, Pierce, and Snohomish
- Texas: Collin, Dallas, Fort Bend, and Harris
- Georgia: Barrow, Bartow, Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding, Rockdale, and Spalding
- Massachusetts: Middlesex, Norfolk, and Suffolk
GMCC Hermes
GMCC Universe/CRA
GMCC Universe/CRA
Program Highlights:
- Verbal VOE for employee and self employed (can be borrower prepared or even no P&L if qualified )
- 3 months (personal) Bank statements. (100% deposit used. 3 month average )
- All 70% VVOE
- Rental hit only .25% on rate for LTV 70% non-QM
- Hermes CRA highest LTV 80%
GMCC Hermes – The GMCC Hermes program lends to all counties in the following states:
- California
- Colorado
- Georgia
- Illinois
- New Jersey
- New York
- Texas
- Virginia
- Washington
- Nevada
GMCC Radiant
GMCC Universe/CRA
GMCC Cronus Homerun
Program Highlights:
- No ratio. No job needed
- 65% $1m .... 50% $3.5m
- all counties /cities in the selected states.
- Minimum FICO 700
- Foreigner no FICO is okay but with alternate tradelines
GMCC Radiant – The GMCC Radiant program is available in the states of:
- California
- Hawaii
- Illinois
- New Jersey
- New York
- Nevada
covering all counties within these states.
GMCC Cronus Homerun
GMCC Diamond Community Lending
GMCC Cronus Homerun
Program Highlights:
- special lower rate up to .25-1% based on FICO (680) and LTV (95%)
- NO Mortgage insurance
GMCC Cronus HomeRun - The GMCC Cronus HomeRun program is available in selected counties within the following states:
- California: Alameda, Contra Costa, Fresno, Kern, Kings, Los Angeles, Marin, Merced, Orange, Riverside, Sacramento, San Bernardino, San Diego, San Francisco, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Stanislaus, and Ventura.
- Connecticut: Fairfield.
- Florida: Broward, Duval, Miami-Dade, and Palm Beach.
- Illinois: Cook, DuPage, Kane, Lake, McHenry, and Will.
- Maryland: Montgomery and Prince George’s.
- Nevada: Clark.
- New Jersey: Bergen, Essex, Hudson, and Passaic.
- New York: Bronx, Kings, Queens, Richmond, Rockland, Westchester, Nassau, Suffolk
- South Dakota: Lincoln, McCook, Minnehaha, and Turner.
- Virginia: Alexandria City, Arlington, Fairfax, Fairfax City, and Falls Church City.
- Washington D.C.
GMCC Diamond Community Lending
GMCC Diamond Community Lending
GMCC Diamond Community Lending
https://hub.collateralanalytics.com/correspondentsearch
Program Highlights:
- Min 3% down. ( better than FHA 3.5%. Saving 1.75 points)no income limit. Can own other reo
- Special lower rate. Up to .25-1% based on fico (680?) and LTV (95%)
- Available in 48 states. Very popular in many states : IL GA NJ FL CA TX
GMCC Diamond Community Lending – Available in all 50 states so long as both GMCC and the MLO are licensed in the state.
GMCC Celebrity Jumbo
GMCC Diamond Community Lending
GMCC Diamond Community Lending
Program Highlights:
- Can use qualified assets as income (/120 months ) as ONLY or Supplemental
- 680 FICO 80% $2m, only .1% hit on rate
- 740 FICO 80% $3m
- Interest only. Minor hit
- Can have super low rate. Extra lower by .5% about if with 300k+ deposit
GMCC Celebrity Jumbo – The lending areas are offered in all counties in the following states:
- California
- Massachusetts
- North Carolina
- South Carolina
- Virginia
GMCC Celebrity $30k
GMCC Celebrity CRA $5k
GMCC Celebrity $30k
Program Highlights:
- Free Grant. Not from government
- No need to payback No lien
- $30k grant in selected counties in MA $5k grant in selected counties (many ) in NC/SC
GMCC Celebrity $30k – GMCC Celebrity’s $30k program lends to the selected counties in these states:
- Massachusetts: Essex, Middlesex, Norfolk, and Suffolk
GMCC Celebrity $10K
GMCC Celebrity CRA $5k
GMCC Celebrity $30k
Program Highlights:
- Free Grant. Not from government
- No need to payback No lien
- $10k grant in selected counties in CA
- $5k grant in selected counties (many ) in NC/SC
GMCC Celebrity $10k – GMCC Celebrity’s $10k program lends to the selected counties in these states:
- California: Contra Costa, Los Angeles, Napa, Orange, Placer, Riverside, Sacramento, San Bernardino, San Diego, San Francisco, San Mateo, Santa Clara, and Ventura
GMCC Celebrity CRA $5k
GMCC Celebrity CRA $5k
GMCC Celebrity CRA $5k
Program Highlights:
- Free Grant. Not from government
- No need to payback No lien
- $30k grant in selected counties in MA & $10k in selected counties in CA
- $5k grant in selected counties (many ) in NC/SC
GMCC Celebrity CRA $5k – GMCC Celebrity’s $15k program lends to the selected counties in these states:
- North Carolina: Avery, Beaufort, Bladen, Brunswick, Burke, Cabarrus, Caldwell, Carteret, Catawba, Chatham, Cherokee, Clay, Columbus, Craven, Cumberland, Duplin, Durham, Forsyth, Franklin, Gaston, Guilford, Halifax, Harnett, Haywood, Henderson, Iredell, Jackson, Johnston, Lee, Lenoir, Lincoln, Macon, Madison, Martin, McDowell, Mecklenburg, Moore, Nash, New Hanover, Onslow, Orange, Pamlico, Pasquotank, Pender, Pitt, Polk, Randolph, Rockingham, Rutherford, Sampson, Stanley, Stokes, Surry, Swain, Transylvania, Union, Vance, Wake, Warren, Watauga, Wayne, Wilkes, Wilson, Yadkin, Yancey
- South Carolina: Abbeville, Aiken, Anderson, Bamwell, Beaufort, Berkeley, Charleston, Chester, Chesterfield, Clarendon, Darlington, Dillon, Dorchester, Edgefield, Fairfield, Florence, Georgetown, Greenville, Greenwood, Horry, Kershaw, Lancaster, Laurens, Lee, Lexington, Marion, Marlboro, McCormick, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Sumter, Williamsburg, York
GMCC Celebrity 0% Down
GMCC Buy without Sell First
GMCC Celebrity CRA $5k
Program Highlights:
- Zero percent down. NO MI
- Min 660 FICO. 100% up to 766k. Min 680 FICO 95% up to 1.149m
- Not just Low moderate income area. But also majority minority area (TO or FROM)
- Income limit 150-200% of media family income Not low moderate income
- Can have $15k grant if applicable
- DTI 45%
GMCC Celebrity 0% Down – The lending areas are offered in the following states and counties:
- North Carolina : all counties
- South Carolina : all counties
- California: Contra Costa, Los Angeles, Napa, Orange, Placer, Riverside, Sacramento, San Bernardino, San Diego, San Francisco, San Mateo, Santa Clara, and Ventura
- Massachusetts: Essex, Middlesex, Norfolk, Suffolk
- Virginia: Albemarle, Alleghany, Arlington, Augusta, Bedford, Botetourt, Brunswick, Campbell, Carroll, Charlottesville City, Chesterfield, Covington City, Danville City, Emporia City, Fairfax, Fairfax City, Frederick, Fredericksburg City, Galax City, Greensville, Harrisonburg City, Henrico, Loudoun, Lunenburg, Lynchburg City, Mecklenburg, Montgomery, Nottoway, Pittsylvania, Roanoke, Roanoke City, Rockingham, Salem City, Spotsylvania, Staunton City, Warren, Waynesboro City, Winchester City
GMCC Buy without Sell First
GMCC Buy without Sell First
GMCC Buy without Sell First
Program Highlights:
- Much lower than bridge loans. No point option available. Close to regular full doc /non-QM rate
- $150k to $3M loan amount. For upgrade or downsizing
- can even use non-QM like Bank statements and so on to qualify
- Available in 48 states
GMCC DSCR Rental Cash Flow
GMCC Buy without Sell First
GMCC Buy without Sell First
Program Highlights:
- Can be even no ratio. DSCR zero
- min down 20% rental cash flow
- 1-4 units or even 5-8 units
- Can also use short term rent-like AirBnB
GMCC Bank Statement
Program Highlights:
- Can even allow 12-18 months of self employment history if qualified ( same line of biz )
- Low-Rate
- Use revenue to qualify ( normally 50% of biz cash flow)
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.