UMortgage

NMLS #281948

Property Geographic Area Details

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

Loan TypesResidential

Junior Liens

Junior Lien Loan Amounts

Junior Lien Interest Rates

Origination Fees

Junior Lien Loan-to-Value

We Fund Junior Position Loans

Junior Lien TypesRefinance

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

Purchasing a home is a big deal, whether it’s your first home or fifth move. We get it. That’s why we built a mortgage company that places you and your needs at the center of everything we do. With over 7 years of experience and a team that consist of David Behymer, Tony Piper & Sydney Wallace, I can make sure to delivery an amazing home buying experience from start to finish. With a Bachelors & Masters in Finance, I am always on top of current market conditions that can help you save money when it comes time to discuss interest rates and loan programs. My team and I look forward to helping many families reach the American Dream of Home-Ownership and partnering with UMortgage will help us deliver great rates & service.

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Team

UMortgage

Patton Gade

NMLS #1243024

100 N 18th St suite 1400, Philadelphia, PA 19103, USA

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UMortgage

Ravi Patel

NMLS #328529

300 Dave Cowens Dr ste 502, Newport, KY 41071, USA

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