Forge Capital Lending

Basic information

QM program

N/A

Loss payee

Kings Mortgage Services, Inc. ISAOA ATIMA, 375 N. Stephanie Street, Bldg. 8, Henderson, NV 89014

CPL or subordinate clause

Kings Mortgage Services, Inc. ISAOA ATIMA, 375 N. Stephanie Street, Bldg. 8, Henderson, NV 89014

Lock policies & fees

Lock policies

Lock extension

sold at .025% per day for 5 days at a time, with a max 30 days

Relock

Worse Price with a cost of .250%

Lock & Shop

No

Lender's niche & overlays

Lender's niche

NonQM - DSCR 1-8 Units,

Bank Statements (Primary/2nd Home/Investment),

Foreign National (Investment/2nd Home),

Profit & Loss (Primary/2nd Home/Investment),

1099 Only,

WVOE

ITIN (Primary, 2nd Home and Investment)

second lowest rate for 90% LTV and they allow trust account bank statement income 

Lender's overlays

No overlays as we Underwrite to our own Guidelines for NonQM loans

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

1

Initial CD (days)

1

Reviews