NMLS ID:1747872

 

 

 

© 2018  BEACON POINT MORTGAGE SOLUTIONS, LLC 

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Terms of Use 

LOAN PROGRAMS & RATES expressed are representative of some product offerings but are subject to CHANGE at anytime.

*Florida Second Home Specialist is not a state designation nor a Florida State endorsement.

“THIS PRODUCT OR SERVICE HAS NOT BEEN APPROVED OR ENDORSED BY ANY GOVERNMENTAL AGENCY, AND THIS OFFER IS NOT BEING MADE BY AN AGENCY OF THE GOVERNMENT.” 

Instead this service reflects the scope of our work and commitment to make it easy for out of state residents to finance a second residence in Florida.

 

Call us! 800-466-0664

Ideal Client Credit Profile

for Non-Prime, Non-QM Loans

"Stop worrying, Beacon Point Mortgage Solutions is your guide to alternative safe lending options!"

                                                                 -Jennifer A. Blanc, Esquire -Broker

Are you a potential client? All of our clients who are in need of financing that fit within the non-prime rate parameter of mortgage lending or who fail QM requirements have one of two things in common.  Borrowers are either an existing property owner with 10% to 25% Equity position in your property or a purchaser with less than a 700 credit score or had suffered a major credit event within the last three years, but possess the ability to make a sizable down payment today.

 

They are usually productive self-employed professional or business owners whom despite current  good credit history,  experience  feeling shipwrecked and castaway by traditional bankers and in need of alternative responsible solutions, not loan sharks. Many are  avid real estate investors who want financing for their next portfolio acquisition without being hit with prepayment penalties on a flip.

Here at Beacon Point Mortgage, you can trust in us to find and deliver responsible alternative financing solutions at near prime rates usually 1-2.5% above prime.

Here are some highlights of our rescue:

  • Interest only loans available

  • Bank statement underwriting available in lieu of income tax return for documenting income

  • Some stated loans for real estate investors

  • No prepayment penalties

  • 30 yr fixed and adjustable rate mortgages with 7/1 term  loans,

  • No PMI

  • No  cash reserves in most cases

  • Down payment amount or LTV  based on credit score.

  • Interest Rates start at prime but increases based on credit score and LTV

  • Debt-to-Income Ratio is based on gross income and asset depletion availability, in general 50%.  

  • Max loan limit $5 Million.

Learn more about Non-Prime  Residential Options.

Beacon Point Customer # 1

 Good Credit Today - PAST  CRISIS EVENT

 

Customers who have  experienced adverse past credit events such as bankruptcy, foreclosures, short-sales but who are not well situated to wait for ordinary seasoning periods presented by agency guidelines or restrictions. 

Solution -Beacon Point Tower or Explorer

Beacon Point Customer # 2

YOU ROUTINELY DEPOSITS INCOME INTO BANK ACCOUNTS

Bad or No Income Tax Returns

Customers who have tax returns with aggressive deductions that deplete income to the point that they lack sufficient income to qualify for traditional banking/ agency  financing's DTI guidelines or borrowers who have simply  under-reported income.

Solution - One month to 24 months Bank Statement.

Beacon Point Customer# 3

HOME OWNER - BUSINESS OWNER

 

You need an immediate  cash-out refinances for  business purposes, likely for expansion, paying off vendors, in need of capital contribution for acquisition of business equipment or assets. Leveraging against your personal residence is your only option.

Solution: Beacon Point Tower or Explorer depending on LTV