MCF Mortgage to the Rescue in Nipomo, California

💥 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..
MCF Mortgage Rescued Commission table

As always, remember to Mortgage IntelligentlyTM