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Choosing LendEase over a traditional bank for your mortgage loan
March 5, 2024
When homebuyers are searching for a home loan, deciding between a private lender and a bank can pose a common dilemma. If you’re unsure which
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LendEase Isn’t just a mortgage company – it’s a dream turned real. Our goal, set by our founder, is to give you personal and professional service for your mortgage needs. Today, we’re proud to say we’ve not just met but exceeded that goal.
At LendEase, We get how big a deal it is to buy a home or invest in property. We’re here to make getting a mortgage as easy as possible for you. Our team of experts works hard to find the best solutions that fit your needs. We believe in being honest and clear in what we do, and our main mission is to provide top-notch customer service. We know that your happiness is what makes us successful.
Conventional Loan A conventional loan, also known as a conforming loan or qualified mortgage, adheres to the guidelines established by Fannie Mae and Freddie Mac and can be utilized for home purchases and refinancing. This type of loan is particularly suitable for individuals with an outstanding credit history and stable full-time employment.
Fha Loan An FHA loan, insured by the Federal Housing Administration (FHA), is a government-backed loan that falls under the category of qualified mortgages. It’s an excellent choice for first-time homebuyers with average credit seeking more lenient credit and income criteria.
Non-QM Loan A non-qualified mortgage (Non-QM) is a loan designed to assist borrowers who don’t meet the criteria for a conventional or FHA loan. Instead of adhering to Fannie Mae and Freddie Mac’s guidelines, lenders establish their own, allowing for more flexible underwriting. Non-QM loans are ideal for self-employed individuals, foreign nationals, high net worth individuals, or those seeking loan amounts above conforming limits.
Foreign National Loan A foreign national loan is tailored for individuals from other countries who wish to buy a second home or investment property in the United States. Applicants can use their income from their home country to qualify for a U.S. mortgage, often without needing an established U.S. credit history.
Hard Money Loan Need financing for your real estate investment? LendEase Mortgage offers hard money loans with flexible terms and quick closings.
Jumbo Loan A jumbo loan surpasses the loan limit set by Fannie Mae and Freddie Mac, known as the conforming loan limit. In Florida, the conforming loan limit was $726,200 as of 2023. Any mortgage exceeding this amount is classified as a jumbo loan. Jumbo loans are ideal for those seeking luxury homes or properties in high-cost areas.
No-Income DSCR Loan A No-Income DSCR loan is tailored for rental investors seeking a mortgage based on the property’s cash flow. This loan type utilizes the debt service coverage ratio (DSCR) to determine the portion of a property’s income that can cover monthly mortgage expenses, such as principal, interest, taxes, insurance, and HOA fees (PITIH). It’s an ideal choice for rental property owners who are self-employed or foreign nationals and face challenges verifying all their personal income.
Commercial Loan A commercial loan serves various purposes, including purchasing, refinancing, or improving commercial assets like office spaces, retail locations, multifamily buildings (5+ units), or mixed-use spaces. These loans offer both fixed and variable rates, with the underwriting process emphasizing the quality and income-generating potential of the asset. Commercial loans are suitable for business owners, commercial real estate investors, and developers.
Bank Statement Loan A bank statement loan offers borrowers a way to qualify for a mortgage without the need for tax returns, W-2s, or paystubs. This type of loan is particularly beneficial for self-employed individuals who struggle to verify all their income or have significant tax deductions. Instead of traditional income documentation, lenders review bank statements to assess a consistent pattern of deposits, providing a clearer picture of the borrower’s income and helping them qualify for a mortgage.
Our loan experts are committed to delivering a seamless mortgage experience, thanks to our simplified process and complete transparency from application to fund
With a solid 10 years in the real estate financing domain, our team and company stand as seasoned experts, consistently delivering impactful solutions in the ever-evolving local market.
Share your goals and budget with us, and we'll present you with the best mortgage options, guiding you to the closing table swiftly.
Our team offers personalized assistance tailored to your needs and communication preferences.
We’re dedicated to securing the mortgage loans you require. With our wealth of experience and expertise, rest assured, we’ll deliver results.
Our focus lies in commercial loans and loans for foreign nationals. Count on us for unparalleled service and the most competitive rates in the industry.
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© 2024 LendEase. All right reserved. . company name is an Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.
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