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Loan Program Highlights

 

New Beginning Mortgage Group, LLC, provides financing for your residential investment and commercial investing needs. Many of our clients have found that traditional banks will not underwrite small balance commercial loans to support purchases, refinances, renovations, or debt consolidation. Many self-employed investors find that banks don't understand them, NBFG does! Let us help you build your real estate investing career! We have a "No Income Verification. No Tax Return. No Bank Statement" loan programs on investment and commercial properties.

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Still reeling from the effects of the financial crisis, banks are turning away good projects, cutting funding for projects in progress and refusing to finance and refinance loans, especially with balloon payments - a common feature in traditional mortgages for investors. Banks shouldn't have the final final say, take advantage of our flexible lending programs and underwriting. We can also refinance you into a 30 year fully amortizing loan.

 

With interest rates at or near record lows there is incredible incentive to take advantage of those rates, we have lenders that are more than interested in participating in both facilitating and servicing the needs of those borrowers desirous of taking advantage of today's superior rates. Call (877) 483-NBFG to speak with a loan officer about your residential investment property needs. 

Rehab Cash Loan Program

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This loan program provides short-term funding for the acquisition of non-owner occupied 1 - 4 family residential properties.

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  • Loan Term: 12 months

  • Loan Amount: $75k - $2.5M+

  • LTV: up to 85% of the purchase price | up to 65% Refinance| up to 50% Cash-Out

  • Property Type: Non-owner occupied 1 - 4 family residential 

  • FICO: 650 preferred (no set minimum credit score)

  • Lender may require some real estate investing experience

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After Repair Value (ARV) Loan Program 

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This program offers financing for up to 85% of the purchase price + up to 100% of the renovation costs, not to exceed 75% of the after repair value

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  • Loan Term: 12 months

  • Loan Amount: $75k - $2.5M+

  • LTV: up to 85% of the purchase price + up to 100% of renovation coast; not to exceed 75% of the ARV

  • Property Type: Non-owner occupied 1 - 4 family residential 

  • FICO: 600 minimum credit score

  • Lender may require some real estate investing experience

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Bridge Financing For Rental Properties

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This loan program offers longer term bridge financing for real estate investors who are looking to buy and hold non-owner occupied residential properties for rental income. 

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  • Loan Term: 18 months

  • Loan Amount: $75k - $2.5M+

  • LTV: up to 85% of the purchase price | up to 65% of Refinance | up to 50% of Cash-Out

  • Property Type: Non-owner occupied 1 - 4 family residential 

  • FICO: No set minimum credit score

  • Lender may require some real estate investing experience

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Short-Term Financing for Commercial Properties

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This program provides short-term financing options for a multitude of small balance commercial properties. Please note we will consider any property types that may pose an environmental risk including gas stations, automotive repair shops and vehicles storage spaces.

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  • Loan Term: 18 months

  • Loan Amount: $75k - $2.5M+

  • LTV: up to 85% of the purchase price | up to 65% of Refinance | up to 50% of Cash-Out

  • Property Type: Mixed-use, office building, apartment complexes (5 units+); retail spaces

  • FICO: 600 minimum credit score

  • Lender may require some real estate investing experience

Submit loan request form to begin the Pre-Approval process!

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Fill out the loan request form below, and it will be sent to our lending team. Once we review your form, one of our loan officers will contact you to advance with the loan process.

Investor 1 - 4 unit Loan Program

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This loan program provides long-term funding for the acquisition of owner occupied and non-owner occupied 1 - 4 family residential properties.

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  • Loan Term: 30 year fixed, 5/1 ARM, 7/1 ARM 

  • Rate: TBD

  • Loan Amount: $75k - $50M+

  • Minimum Value: Property Value of $75,000

  • LTV: up to 80% (20% down)

  • Property Type: Non-owner occupied 1 - 4 family residential (Call for property types)

  • FICO: 650 minimum credit score (or case by case, written explanation required at time of application)

  • Personal Guarantees: Personal guarantees are required on all loans but title can be held with company name.

  • Documentation: No Doc, Lite Doc and Full Doc

  • Borrower Qualification: Full income verification may not be required. Tax returns may not be required. We do required borrower to describe the type of business, provide relevant documentation to provide how income is generated. provide proof of funds and a copy of your personal mortgage and lease(s) of other investment properties.

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Investor > 5 unit & Mixed-Use Loan Program 

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This program offers financing for multifamily units and mixed-use properties.

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  • Loan Term: 30 year fixed, 5/1 ARM, 7/1 ARM 

  • Rate: TBD

  • Loan Amount: $75k - $50M+

  • Minimum Value: Property Value of $75,000

  • LTV: up to 80% (20% down)

  • Property Type: Non-owner occupied 1 - 4 family residential (Call for property types)

  • FICO: 650 minimum credit score (or case by case, written explanation required at time of application)

  • Personal Guarantees: Personal guarantees are required on all loans but title can be held with company name.

  • Documentation: No Doc, Lite Doc and Full Doc

  • Borrower Qualification: Full income verification may not be required. Tax returns may not be required. We do required borrower to describe the type of business, provide relevant documentation to provide how income is generated. provide proof of funds and a copy of your personal mortgage and lease(s) of other investment properties.

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Commercial Investment Properties

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This loan program offers longer term financing for commercial real estate investors such as hotels, motels, strip malls, office building. etc...

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  • Loan Term: 30 year fixed, 5/1 ARM, 7/1 ARM 

  • Rate: TBD

  • Loan Amount: $75k - $50M+

  • Minimum Value: Property Value of $75,000

  • LTV: up to 80% (20% down)

  • Property Type: Hotel/Motel, Office, Retail, Warehouse, Self Storage, Auto Service (Call for property types) - No Gas Stations.

  • FICO: 650 minimum credit score (or case by case, written explanation required at time of application)

  • Personal Guarantees: Personal guarantees are required on all loans but title can be held with company name.

  • Documentation: No Doc, Lite Doc and Full Doc

  • Borrower Qualification: Full income verification may not be required. Tax returns may not be required. We do required borrower to describe the type of business, provide relevant documentation to provide how income is generated. provide proof of funds and a copy of your personal mortgage and lease(s) of other investment properties.

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