Basic information

QM program

N/A

Loss payee

American Heritage Lending, LLC Its Successors And/Or Assigns 19800 MacArthur Blvd., Suite 950 Irvine, CA 92612.

CPL or subordinate clause

American Heritage Lending, LLC Its Successors And/Or Assigns 19800 MacArthur Blvd., Suite 950 Irvine, CA 92612.

Lock policies & fees

Lock policies

Lock extension

All locks are for 45 days. 15 day extensions are available for .15 to pricing.

Relock

If re-lock is necessary it is worse case scenario plus a .25 re-lock fee for 30 days.

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Allow lender credit to cover BPC for business purpose loans (DSCR, investor properties), except TRID loan.

We can finance  your fee into the loan without increasing the rate.  For Example:  Bank Statement/Full Doc/1099 borrower for an investment property we are maxed at 80% LTV.  Add in your broker fee (up to 3%) and the rate will stay the same!

Bridge program for an owner occupied property.  We will do both loans, bridge and new purchase.  We will escrow payments so they are not counted against DTI of the new home purchase loan.  Awesome tool to talk to Realtors about.

Reverse 1031 Exchange

Easy to use technology/broker portal

Finance your buyers Realtor's fee into the loan

Condotels Condos as part of a hotel (4 Seasons, mandarin Oriental etc)

Non-warrantable condos (we love condos)

Foreign National borrowers

Loan Amounts up to $4M 4 separate

DSCR programs including No Ratio and Low Ratio

Awesome backroom and designated Account Manager

5-10 unit up to $3M DSCR

50% of our loans on a monthly basis have an exception.  We want to close make sense NonQM loans.  We only do NonQM and we are very good at it!

Cannabis Income.

• Min 680 FICO

• SFR only

• Primary only

• 12 months reserves

• 80% max LTV purch / 75% max refi

Lender's overlays

Bridge loan is not available in TX

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

1

Initial CD (days)

1

Reviews