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

YOU CAN AVOID THIS!

Non-Prime or Non-QM  Residential Options

Beacon Point  is a strategic provider of private-capital liquidity for Non-QM residential mortgage loans responsibly made to millions of borrowers who are unable to obtain a traditional government-financed mortgage.

 

We help borrowers that would otherwise be caste-away, not because they have bad credit or unable to meet mortgage obligations, but because their bankers don't offer loan programs outside of the restrictive guidelines of agency loan products.   If you have been declined  by a lender or your banker for those reasons, Beacon Point can likely solve  your problem with non-agency loan programs, or programs near prime, and even outside of Dodd-Frank Act.

 

Gone are the days of subprime lending and no documentation loans. We provide safe, responsible solutions to residential customers in your predicament seeking financing on 1-4 Unit residential dwellings.  Some people may take advantage of the various  below solutions as band aid  loans, a temporary fix until one's credit profile improves, either by increased income generation well documented by tax returns,  expiration of agency loan waiting periods or seasoning of major credit events such as bankruptcy, foreclosure, shortsale,  debt consolidation, or loan modifications,  allowing the borrower to once again  become eligible for agency loans such as  FHA, VA, and other Qualified Mortgage Loans.

These Non-QM loans are perfect for Residential Investors as they provide Stated Income financing on income generating properties such as Multi-Family/ Apartment Building financing of 5 or more units. 

Are you a potential Non-Prime client? 
See Beacon Point Ideal Client Credit Profile

Beacon Point Tower

Beacon 

Point -1

You've experienced a Major Credit Event. 

  • 700+ FICO scores

  • Owner Occupied Properties, Second Homes, non-owner occupied property.

  • No Reserves

  • $5,000,000 Loan amounts

  • Up to 90% LTV

  • No Mortgage Insurance required.

  • Interest only available.

  • No Long Waiting Periods  for most  past major credit events, only  LTV  or down payment requirement affected, Ex. Shortsale 2 yrs - 90% LTV,  Shortsale 1 yr- LTV 85%  

  • Amortization, 30 year fixed

  • No prepayment penalty in most cases

  • No Tax Returns Necessary in most cases

  • No Income or Employment Required of Investors

  • Bank Statements for Self Employed  Borrowers

  • Income & expenses examined in order to determine your Ability-To- Repay (ATR-In-Full) and or Asset Depletion used.

  • Debt-to-Income ratio up to 50%.

Beacon Point Maggie

Beacon

Point -2

Finance your second home purchase or refinance, Owner Occupied, Interest Only, 

  • Rates Starting at 4.625%

  • Owner Occupied only

  • 12 months Reserves

  • $3,000,000 Loan Amounts

  • 90% LTV 

  • No Mortgage Insurance
  • Interest Only for Self Employed Borrowers

  • 2  years waiting period from  Foreclosure,Short Sale, Bankruptcy

  • 30 year amortization

  • No prepayment penalty

  • 12 Months Bank Statements used for Income documentation  or

  • Qualify with only One Year of W2's or Tax Returns , No 4506-T’s,

  • Debt-To-Income Ratio up to 43%

Beacon Point Explorer

Beacon

Point -3

  • You have a project or business venture or perspective real estate investment deal which requires capital funding. You are a stakeholder with the ability to put at least 25% Down, then Beacon Point Explorer is the right fit. 

 

  • Non-Owner Occupied Properties  5 or more units

  • No Reserves

  • $53000,000 loan amounts. See Multi-Family Investment loans under Commercial lending programs for $5MM loan amount max. 

  • Up To 75% LTV or  25% down payment. See our Multi-Family Investment Loans, under commercial lending programs for 80% LTV.

  • Interest Only Available

  • ​No waiting period  for credit events.

  • 30 year amortization

  • No prepayment penalty

  • No Income Verification

  • Stated Income 1-4 Units for Investments, Business Purpose, Cross-Collateral of your owner occupied home

  • Foreign Nationals

  • Fix & Flip

  • DSCR- 0.75 (gross rents/PITI)

I

Non-Prime | Non-QM Matrix 

Beacon Point Tower

You've experienced a Major Credit Event. Up to 4 units only. 

LTV

Income Verified

Max Loan Amt.

Score

Waiting Period

None

500

$5 MIL

Bank Statements

90%

Beacon Point's Maggie

Finance your second home purchase or refinance, Owner Occupied Only, Interest Only, 30 year amortization, No prepayment penalty. 

LTV

Income Verified

Max Loan Amt.

Score

Waiting Period

2 years

700

$3 MIL

Bank Statements

90%

Beacon Point Explorer -Outside Frank-Dodd- Stated Loans-No Income Verification

Non-Owner Occupied Properties , Business Purpose, Foreign Nationals, Interest Only, 30 year amortization, No prepayment penalty. No income Verification. Stated Income 1-4 Units for Investments, Business Purpose, Cross-Collateral of your owner occupied home, Foreign Nationals, Fix & Flip.

LTV

Income Verified

Max Loan Amt.

Score

Waiting Period

None

580

$5 MIL

None

75