Loan Factory Direct - Kind Lending

Basic information

QM program

• Conventional
• Home Ready
• Home Possible
• VA
• VA IRRRL
• USDA

Loss payee

Loan Factory, Inc. Its Successors and/or Assigns 2195 Tully Road, San Jose, CA 95122

CPL or subordinate clause

TEXAS: LOAN FACTORY. INC, 2195 Tully Road, San Jose, CA 95122 ALL OTHER STATES LOAN FACTORY. INC, ISAOA/Its Successors and/or Assigns. 2195 Tully Road, San Jose, CA 95122

Lock policies & fees

Lock policies

Lock extension

Kind does not give us any free lock extension. Loan must be funded and the signed package uploaded by lock expiration. We may incur lock extension fee if not purchased in 7 days (typically purchased in 2-5 days).

Relock

N/A

Lock & Shop

Yes

Lender's niche & overlays

Lender's niche

NO FICO Conventional and VA. Must meet non traditional credit requirements

 VA – we can do JOINT VA

Apostilles are disallowed at closing

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

2

Reviews