Anchor Financial Mortgage Inc.

Maximum Leverage

Purchase Short-Term (no Value-Add)
Purchase Long-Term
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Refinance Long-Term (DSCR)
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Loan Programs
Property Types and Loan Types
Junior Liens
Junior Lien Loan Amounts
Junior Lien Interest Rates
Origination Fees
Junior Lien Loan-to-Value
We Fund Junior Position Loans
Land Loan
Max LTV for Land
Max LTC for Land Acquisition
Purchase Loan
Max Loan-to-Purchase Price
Borrower Must Have Property Under Contract
Will Provide Proof of Funds Letter
Will Consider Lending on Purchase from Auction
Rehab Value Add Loan
Experience Required
Minimum Number of Value-Add Projects Completed by Borrower
Will Consider Lending on Purchase from Auction
Max LTC for Renovation Costs
Interest Charged for Renovation Costs
Typical Number of Days for Funds Draw
Construction Loan
Development Experience Required
Minimum Number of Ground-Up Construction Projects Completed by Borrower
Max LTC for Ground-Up Construction Costs
Interest Charged for Construction Costs
Will Lend on Partially Completed Construction Projects
Residential Long-Term DSCR Loans (1-4 Units)
Minimum Loan Amount
Maximum Loan Amount
Minimum Interest Rate
Maximum Interest Rate
Minimum Origination Fee
Maximum Origination Fee
Minimum Loan Term
Maximum Loan Term
Minimum Loan-To-Value
Maximum Loan-To-Value
Minimum Property Value
Seasoning Time
Minimum Debt Service Coverage Ratio
Minimum Credit Score
Will lend on vacation homes and short-term rentals
Will Lend on a Portfolio of Properties

Details and Requirements

Maximum Units for Multifamily Properties
Pre Payment Penalty
Deposit Required
Will lend to a foreign national
Will Consider Equity Joint Venture
Personal Guaranty (Recourse) Required
About

Anchor Financial Mortgage, Inc. is a dedicated mortgage broker specializing in providing a range of comprehensive loan solutions to cater to various needs. Whether its FHA, VA, USDA, Jumbo, or Conventional loans, we are committed to assisting our clients in finding the perfect loan for their unique situation. With a focus on exceptional service and personalized attention, we strive to make the loan process as smooth and stress-free as possible for our clients.

Based in the historic city of Pawtucket, we are especially proud to serve the residents of Rhode Island. Our team is passionate about helping individuals and families in multiple states navigate the complexities of the mortgage industry and secure the best loan options available. We understand the specific needs of this dynamic city and are dedicated to providing tailored solutions that meet those needs.

In addition to New England, we are also licensed in New York and Florida. Each city has its own unique characteristics and demands, and we are committed to serving the communities in these areas. Our team is well-versed in the real estate, and we are ready to assist clients in finding the right loan solutions that best fit their requirements.

At Anchor Financial Mortgage, Inc., our mission is to be the go-to mortgage broker for the residents of Rhode Island and other cities in Massachusetts, Connecticut, New Hampshire, New York, Maine, and Florida. We take pride in our ability to deliver personalized, reliable, and transparent services to our clients, ensuring that they can make informed decisions about their mortgage needs. With a deep understanding of the market and a commitment to excellence, we are dedicated to helping individuals and families achieve their homeownership goals.

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NMLS #14018
1 Lonsdale Avenue, Pawtucket, RI 02860, USA