💥 MCF TO THE RESCUE 💥
Location: Nipomo, California
Property Type: Primary Residence
Loan Type: Purchase
Purchase Price: $1,600,000.00
$ Rescued Commission: $42,000.00
🛑 The Problem:
- Retiree buying a primary residence was denied a loan due to the structure of their monthly income.
- Unfortunately, their previous lender would not or could not attribute their assets as viable income for loan payments.
🙌 The Solution:
- At MCF Mortgage, we seek ways to assist all borrowers. In this instance, the flexibility of our Portfolio Program provided the borrower with a program to incorporate monthly payments received, along with the attribution of other income sources.
- Our underwriting team reviewed all income and approved the loan for closing.
- This loan closed in 17 days from application, with a well-earned $42,000 commission for our REALTOR® partner..
As always, remember to Mortgage IntelligentlyTM