Mann Mortgage LLC

Mann Mortgage LLC

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

In 1989, North Dakota native Don Mann hatched his plan to model a mortgage company after the 1950s era farming co-op. By pooling resources, lending could be kept personal and local. Don built the business on a foundation of integrity, relationships, and a genuine concern for family and community.

From a single loan officer in the late 1980s in Kalispell, Montana, Mann Mortgage has expanded to include 55 branch locations and 500 employees. Mann Mortgage co-op branches enjoy a strong reputation built on depth and breadth of expertise, and enduring industry partnerships.

Based on Don Mann’s original business model, we adhere to the basic philosophy that sharing collectively in the sale of our product benefits everyone. Volume speaks volumes, and for the next 30 years we’ll continue to build on our original foundation as a trusted name in home lending.

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Team

Julie Lapham
NMLS #292964
3010 Santa Fe Ct office 233, Missoula, MT 59808, USA