We Lend

Address: 88-10 136th Street, NY, NY 11418

www.welendllc.com

Internal reviews

0 reviews
Total loans closed with Loan Factory
0
Total loans closed with Loan Factory (past 12 months)
0

Lender overview

Basic information

QM program
N/A
Loss payee
TBD
CPL or subordinate clause
TBD

Lock policies & fees

Lock policies

Lock extension
TBD
Relock
TBD
Lock & Shop
No

Lender's niche & overlays

Lender's niche

- Leverage up to 90% purchase and 100% renovation, based on asset and borrower experience 

- No DTI, no tax returns, no employment verification needed

- Loans funded in as few as 3–7 days 

- Avg. borrower interest rate: 9–12%

Foreclosure Bailouts on Investment Properties

Lender's overlays

For the most part, we follow AUS. Credit scores only go down to 620 on most products, down to 600 on FHA.

We Lend only on investment properties. We Lend does not finance owner-occupied properties.

Lender turn time

Initial underwrite (days)
2
CTC conditions review (days)
1
Initial CD (days)
1

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