MCF TO THE RESCUE
MCF TO THE RESCUE Location: Potomac, Maryland
Property Type: Primary Residence
Loan Type: Purchase
Purchase Price: $1,212,111.00
$ Rescued Commission: $73,671.66
The Problem:- This self-employed business owner had low credit scores and lacked “documented income.”
- The lender at their bank was not able to finalize a conventional mortgage.
- Why? Well, not all lenders are created the same. Antiquated underwriting guidelines that banks, credit unions, and most lenders follow, prevent a huge percentage of homebuyers from successfully purchasing a home.
The Solution:- MCF Mortgage has never viewed homebuyers with an eye towards fitting them into our programs. We don’t believe in boxes and instead, tailor our loans to the specific needs of each family we work with.
- Here we were able to finance this property with our Portfolio Program, specifically one of our programs that assist Business Owners/Self-Employed homeowners.
- MCF Mortgage closed this loan in less than 3 weeks during a busy holiday season which allowed us to rescue our referral partners’ commission of $73,671.66.
As always, remember to Mortgage IntelligentlyTM
