💥 MCF TO THE RESCUE 💥
Location: Humble, Texas
Property Type: Primary Residence
Occupation: Real Estate Investor
Loan Type: Purchase
Loan Amount: $900,000.00
$ Rescued Commission: $72,000.00
🛑 The Problem:
- An experienced real estate investor was relocating and during their relocation process, they were taken aback by a loan denial for their purchase of a primary residence.
- Why were they denied? The lender they chose denied the loan due to their underwriting income calculations with extenuating circumstances.
🙌 The Solution:
- MCF Mortgages looks for alternatives to assist new homeowners and we immediately utilized the MCF Mortgage Portfolio Program’s No-Income Loan for this purchase.
- MCF Mortgage closed this loan on the fourth week from their loan application.
- We had an overjoyed homeowner and equally happy Realtor® partners whose hard-earned commission of $72,000 was rescued.
As always, remember to Mortgage IntelligentlyTM
