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Borrowers


Tips For Your Savvy Borrowers...

Help you real estate savvy borrowers can take advantage of low housing prices. We have the ability to finance up to 3 properties per borrower, and use rental income for subject property!

·   10 Financed Properties
BankerBroker.com will allow a borrower to finance up to 3 properties.  For example, if you own 15 properties but only 7 are financed, we will allow you to finance another 3 properties.
 
 

·   No Rapid Acquisition
As long as you qualify we will allow for the purchase of up to 3 properties at one time!
 
 

·   Rental Income
If you have 5 or more financed properties and have a two-year landlord history, BankerBroker will allow for rental income to be used on the subject property.

·    Let your Friends know of this opportunity

Commercial Real Estate Loans for Gas Stations

posted by Massey Kouhssari   [ updated ]

BankerBroker Gas Station Commercial Loans

Commercial Real Estate Loans for Gas Stations

BankerBroker provides gas station commercial loans for gas station, service station, gas and c-store and other similar property types located in all 50 states and the District of Columbia. Gas station commercial property loans are available for the acquisition or refinancing of above average condition properties.

 

In recent years, gas station financing has become more and more difficult due to a dynamic and ever changing industry, environmental concerns, strict supplier agreements and other external factors negatively impacting the industry.

 

BankerBroker understands these challenges and has created special purpose gas station financing to meet the individual needs and requirements of its clients.

 

Gas Station Financing - Eligible Property Types -

 

Properties eligible for BankerBroker's gas station commercial real estate loan program should be of above average condition, environmentally compliant and located in medium and above market sectors.

 

  • Loans Must be Secured by Real Estate
  • Brand or Non-Brand
  • Gas With C-Store
  • Owner-Occupied or Investor Properties
  • Convenience With Limited Food Service OK
  • Established Businesses Only - No Start Ups -

 

Gas Station Commercial Loans - Program Highlights -

 

  • Minimum Gas Station Commercial Mortgage Loan Size is $500,000
  • Loan Collateralized by Commercial Real Estate - No Business Only Financing
  • Acquisition or Refinance of Stabilized 
    Gas Station Properties
  • Minimum 660 Credit Score
  • 3, 5, 7, 10 Year Fixed Rates
  • 15, 20, 25, & 30 Year Amortizations
  • Flexible Prepay Options
  • 75% LTV - Subordinate Debt OK
  • 3 Years of Historical Income Req.
  • Low Minimum 1.40 DSCR

 

Initial Gas Station Loan Documentation Requirements

 

To consider a request for financing, BankerBroker requires the following documentation:

 

  • 3 Years Business Tax Returns
  • 3 Years Borrowers Tax Returns
  • Business Interim Financial Statements
  • AR/AP Schedule
  • Schedule of Inventory
  • FF&E Breakdown
  • Franchise Agreement if Applicable
  • Supplier Agreement
  • Phase l / Phase ll Report

 

To learn more about BankerBroker's gas station financing contact a commercial mortgage professional today at 1-949-244-1880

 

For borrower seeking 80% gas station financing, BankerBroker offers borrowers an SBA loan option. Contact a gas station commercial mortgage professional for more information.


Foreign National Program: Work Visa / Immigrant / Expatriate Home Purchase Program

posted Sep 16, 2014, 5:30 PM by Massey Kouhssari   [ updated Sep 16, 2014, 6:06 PM ]

Work Visa program - max 80% LTV

 

We will need to review the following items for a loan pre-approval.

 

You can receive a pre-approval with a TBD address and an offer letter.

 

  • Fannie Mae 3.2 file
  • Complete 1008 / 1003 with the last three years employment and residence history. Follow link to fill out application: http://www.bankerbroker.com/highly-secured-application-page
  • Copy of offer letter or work contract and / or work visa and latest paystub if received.
  • US credit report if they have a SS#. No credit score or low score is allowed.
  • SS# or ITIN# required before funding.
  • Typically no foreign credit report is required.
  • If they do not yet have a SS# you can submit with no US credit and leave this section blank.
  • Complete asset statements (foreign funds are usually acceptable) for net worth review. Screen shots are not allowed. Convert foreign funds to the USD equivalent on your 1003. Please note - the more assets you can list the easier it is for us to approve a file.
  • Please add the spouse to the loan if possible (pull a joint credit report if they have a SS # but none is required).
  • If the spouse is not on the loan please divide any shared asset by 50%.
  • Stocks, vested options, mutual funds, bonds etc. are used at 100% face value and consider liquid for reserve purposes (see rates sheet for requirements).
  • We allow the seller to cover up to 6% in closing costs AND HOA dues.
  • We always ask what they are doing for a car and debt them 500.00 per spouse if no cars are listed as an asset. Some exceptions apply.
  • We will offer a car loan (or two) and credit card (or two) should they need these immediately. The mortgage, car loan, and credit card will all appear on their US credit.
  • Please qualify at 6.00% over the start rate for the 3/1, 2.00% over the start rate for the 5/1, and use the start rate for the 7/1.

 

Please let me know if you have any questions.

 

Foreign national - pre-approval checklist max 50% LTV

 

  • Fannie Mae 3.2 file
  • 1008 / 1003 with complete two year residence and job history. http://www.bankerbroker.com/highly-secured-application-page
  • US credit report will be needed if they have an established SS#. No score or false / low score is ok if due to a lack of credit.
  • SS# or ITIN# required before funding.
  • Complete personal asset statements dated within 30 days (no screen shots allowed).
  • Please convert all foreign assets to USD equivalent on the 1003. Remember that we use income and assets as our key qualifiers so the more you can list the better.
  • Copy of their passport or visa allowing entry into the US.
  • Foreign paystubs dated within the last 30 days if wage earner.
  • Copy of the last two year’s personal and business tax returns and YTD P&L if self-employed.
  • If married or a spouse is present please add to the loan if they share assets used to qualify. If removing a spouse please divide shared assets by 50%.
  • Use 740+ base rate and add:
  • .75% for foreign national.
  • .50% for NOO. Or .25%  2nd / vacation home ( must be in resort area ).
  • All income, assets, PITI, and employment info must be translated by a US based certified translation company.
  • Qualify at the max rate for the 3/1 arm, 2.00% over the start rate for the 5/1 arm, and the start rate for the 7/1 arm.

For Translation Services we accept the following translation companies:


http://www.link-translations.com/client/mortgage/

http://www.foxtranslations.com/en/quote.html

http://www.certifiedchinesetranslation.com/


Foreign National Full Doc. Purchase Loan Checklist:

  • Signed Purchase Agreement
  • Last 2 years Tax Returns or equivalent Verifiable Employment Contract or letter
  • 2 years W-2 and current paystub (if applicable)
  • 12 months cancelled checks for verification of rent/mortgage (if applicable
  • 3 months copies of personal bank statements (all pages)
  • Asset Statement (401K, Brokerage Accounts, Mutual Funds, Stocks, etc) all pages
  • Signed loan application
  • Mortgage Statement or Coupons/rental agreements
  • Borrower's signed authorization
  • Driver's License and Social Security Card - or Equivalent ID and/or Passport
  • HOA Documents
  • Home Owner Insurance provider info & dec. page 
  • $25 Credit Card payment for each borrower on the loan payable at  this link:                   http://www.bankerbroker.com/credit-report-fee-paid-here


Submission Checklist for Foreign NationalsForeign National Home Purchase Program - Work Visa Immigrant Expatriate program

 

Untitled Post

posted Aug 28, 2014, 5:57 PM by Massey Kouhssari   [ updated Aug 28, 2014, 6:27 PM ]


How long after bankruptcy, BK, foreclosure or shortsale can I buy a house? or How long does bad credit can effect my record?

posted Jul 8, 2014, 10:44 AM by Massey Kouhssari

DEROGATORY CREDIT MATRIX
 Fannie MaeFreddie MacFHAVA
Bankruptcy(Chap. 7 or 11)4 Years from dismissal/discharge date48 months from discharge/ dismissal date2 Years2 Years
Bankruptcy (Chap. 13)2 Years from the discharge date, or 4 Years from dismissal date24 months after discharge date, or 48 months from dismissal date2 Years from discharge date12 Months with approval from Trustee or BK Judge
Mult. BK Filings (Past 7 Years)5 Years from most recent dismissal/ discharge date60 months from most recent discharge/ dismissal dateN/AN/A
Foreclosure7 Year waiting period84 months from completion date as reported on the credit report3 Years2 Years
Deed-in-Lieu of Foreclosure and Pre-foreclosure Sale2 Years - 80 % Max LTV, 4 Years - 90 % Max LTV, 7 Years - LTV Ratios per Eligibility Matrix48 months from the execution date3 Years2 Years
** Please note: This matrix does not include timeframes for extenuating circumstances. Please see the appropriate handbook/manual for further details. 
Short Sale:  You can buy a home 1 day after short sale & receive financing Call for details Massey Kouhssari 949-244-1880

PFN FAQs

posted May 12, 2014, 7:09 AM by Massey Kouhssari   [ updated May 12, 2014, 7:31 AM ]


What is Priority Financial`s FHA Home Office Sponsor ID?

Please click on the link. : Sponsor ID 1883900009

 

What is Priority Financial`s preferred Appraisal Management Company?

Appraisal Selection Services Inc.

appraisalselectionservices@gmail.com

 

What is the maximum loan amount for my borrower?
HUD County Loan Limits

 

How can I find out if the property my borrower is purchasing is an approved condo association with HUD? 
HUD Approved Condo Associations

 

Where can I get more information on the 203K Rehabilitation Program or refinancing a property that needs upgrades, renovations or repairs?
HUD 203K Rehabilitation Program

 

What loan fees does Priority Financial require be disclosed on the GFE?

Loan Fees: $350 Underwriting Fee to FAMT $650 Administrative Fee to FAMT
Lender Paid Compensation must also be correctly disclosed on the GFE
Please Note: No other fees should be listed in the first section of the GFE

What is Priority Financial`s Mortgagee Clause?
Loss/Payee Clause Title and CPL

Priority Financial Network dba of 

BM Real Estate Services, Inc

ISAOA/ATIMA
5016 N. Parkway Calabasas, Suite 200, Calabasas, CA 91302

Hazard Insurance Binder:

BM Real Estate Services, Inc

5016 N. Parkway Calabasas, Suite 200, Calabasas, CA 91302

Please note: Binder must cover 100% replacement cost. Provide paid receipt.

2014 FHA Loan Limits - California

posted Apr 30, 2014, 7:40 AM by Massey Kouhssari

FHA Limits for 2014

Lending limits for FHA loans insured for CALIFORNIA counties.









































County Name
Single Family
Duplex
Tri-plex
Four-plex


ALAMEDA
$625,500
$800,775
$967,950
$1,202,925

SAN FRANCISCO-OAKLAND-HAYWARD, CA

ALPINE
$463,450
$593,300
$717,150
$891,250

NON-METRO

AMADOR
$332,350
$425,450
$514,300
$639,150

NON-METRO

BUTTE
$293,250
$375,400
$453,750
$563,950

CHICO, CA

CALAVERAS
$373,750
$478,450
$578,350
$718,750

NON-METRO

COLUSA
$271,050
$347,000
$419,425
$521,250

NON-METRO

CONTRA COSTA
$625,500
$800,775
$967,950
$1,202,925

SAN FRANCISCO-OAKLAND-HAYWARD, CA

DEL NORTE
$271,050
$347,000
$419,425
$521,250

CRESCENT CITY, CA

EL DORADO
$474,950
$608,000
$734,950
$913,350

SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA

FRESNO
$281,750
$360,700
$436,000
$541,800

FRESNO, CA

GLENN
$271,050
$347,000
$419,425
$521,250

NON-METRO

HUMBOLDT
$327,750
$419,550
$507,150
$630,300

EUREKA-ARCATA-FORTUNA, CA

IMPERIAL
$271,050
$347,000
$419,425
$521,250

EL CENTRO, CA

INYO
$369,150
$472,550
$571,250
$709,900

NON-METRO

KERN
$271,050
$347,000
$419,425
$521,250

BAKERSFIELD, CA

KINGS
$271,050
$347,000
$419,425
$521,250

HANFORD-CORCORAN, CA

LAKE
$271,050
$347,000
$419,425
$521,250

CLEARLAKE, CA

LASSEN
$271,050
$347,000
$419,425
$521,250

SUSANVILLE, CA

LOS ANGELES
$625,500
$800,775
$967,950
$1,202,925

LOS ANGELES-LONG BEACH-ANAHEIM, CA

MADERA
$271,050
$347,000
$419,425
$521,250

MADERA, CA

MARIN
$625,500
$800,775
$967,950
$1,202,925

SAN FRANCISCO-OAKLAND-HAYWARD, CA

MARIPOSA
$322,000
$412,200
$498,250
$619,250

NON-METRO

MENDOCINO
$373,750
$478,450
$578,350
$718,750

UKIAH, CA

MERCED
$271,050
$347,000
$419,425
$521,250

MERCED, CA

MODOC
$271,050
$347,000
$419,425
$521,250

NON-METRO

MONO
$529,000
$677,200
$818,600
$1,017,300

NON-METRO

MONTEREY
$483,000
$618,300
$747,400
$928,850

SALINAS, CA

NAPA
$592,250
$758,200
$916,450
$1,138,950

NAPA, CA

NEVADA
$477,250
$610,950
$738,500
$917,800

TRUCKEE-GRASS VALLEY, CA

ORANGE
$625,500
$800,775
$967,950
$1,202,925

LOS ANGELES-LONG BEACH-ANAHEIM, CA

PLACER
$474,950
$608,000
$734,950
$913,350

SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA

PLUMAS
$336,950
$431,350
$521,400
$648,000

NON-METRO

RIVERSIDE
$355,350
$454,900
$549,850
$683,350

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA

SACRAMENTO
$474,950
$608,000
$734,950
$913,350

SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA

SAN BENITO
$625,500
$800,775
$967,950
$1,202,925

SAN JOSE-SUNNYVALE-SANTA CLARA, CA

SAN BERNARDINO
$355,350
$454,900
$549,850
$683,350

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA

SAN DIEGO
$546,250
$699,300
$845,300
$1,050,500

SAN DIEGO-CARLSBAD, CA

SAN FRANCISCO
$625,500
$800,775
$967,950
$1,202,925

SAN FRANCISCO-OAKLAND-HAYWARD, CA

SAN JOAQUIN
$304,750
$390,100
$471,550
$586,050

STOCKTON-LODI, CA

SAN LUIS OBISPO
$561,200
$718,450
$868,400
$1,079,250

SAN LUIS OBISPO-PASO ROBLES-ARROYO GRAN

SAN MATEO
$625,500
$800,775
$967,950
$1,202,925

SAN FRANCISCO-OAKLAND-HAYWARD, CA

SANTA BARBARA
$625,500
$800,775
$967,950
$1,202,925

SANTA MARIA-SANTA BARBARA, CA

SANTA CLARA
$625,500
$800,775
$967,950
$1,202,925

SAN JOSE-SUNNYVALE-SANTA CLARA, CA

SANTA CRUZ
$625,500
$800,775
$967,950
$1,202,925

SANTA CRUZ-WATSONVILLE, CA

SHASTA
$273,700
$350,350
$423,500
$526,350

REDDING, CA

SIERRA
$304,750
$390,100
$471,550
$586,050

NON-METRO

SISKIYOU
$271,050
$347,000
$419,425
$521,250

NON-METRO

SOLANO
$400,200
$512,300
$619,300
$769,600

VALLEJO-FAIRFIELD, CA

SONOMA
$520,950
$666,900
$806,150
$1,001,850

SANTA ROSA, CA

STANISLAUS
$276,000
$353,300
$427,100
$530,750

MODESTO, CA

SUTTER
$271,050
$347,000
$419,425
$521,250

YUBA CITY, CA

TEHAMA
$271,050
$347,000
$419,425
$521,250

RED BLUFF, CA

TRINITY
$271,050
$347,000
$419,425
$521,250

NON-METRO

TULARE
$271,050
$347,000
$419,425
$521,250

VISALIA-PORTERVILLE, CA

TUOLUMNE
$331,200
$424,000
$512,500
$636,900

SONORA, CA

VENTURA
$598,000
$765,550
$925,350
$1,150,000

OXNARD-THOUSAND OAKS-VENTURA, CA

YOLO
$474,950
$608,000
$734,950
$913,350

SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA

YUBA
$271,050
$347,000
$419,425
$521,250

YUBA CITY, CA

Untitled Post

posted Apr 29, 2014, 5:57 PM by Massey Kouhssari

Stated Income - Instant Qualification Results

Instant Personalized Quote










Sending ...

Stated Income Loans are back with the lowest rates ever and even more flexible guidelines. We have unique programs for:

  • Borrowers with bankruptcy, short sale, and/or foreclosure
  • Purchase or refinance up to 80% loan to value
  • Cash out up to 65% loan to value
  • No FICO, no income, no asset verification
  • F1/H1visa or foreign nationals
  • 30 year fixed or 3/5/7 year ARM

logo 1 logo 2 logo 3 logo 4

Priority Financial Network | NMLS ID 288498 | 1 Corporate Plaza Dr #100 | Newport Beach CA 92660 | 877-410-6663

Stated Income Loans

posted Apr 29, 2014, 5:53 PM by Massey Kouhssari

Instant Personalized Quote










Sending ...

Unlike most had imagined Stated Income Loans had never left. Stated Income Loans have been back with the lowest rates ever and even more flexible guidelines. We have unique programs for:

  • Borrowers with bankruptcy, short sale, and/or foreclosure
  • Purchase or refinance up to 80% loan to value
  • Cash out up to 65% loan to value
  • No FICO, no income, no asset verification
  • F1/H1visa or foreign nationals
  • 30 year fixed or 3/5/7 year ARM

logo 1 logo 2 logo 3 logo 4

List of Products

posted Mar 28, 2014, 8:34 PM by Massey Kouhssari

New Rate Sheets available!

FHA Products

 

  • Follow AUS findings
    • No doc streamlines
  • FICO's to 620
    • Strict adherence to FHA guidelines with prudent underwriting

FHA High Balance

 

  • Follow AUS findings
  • No doc streamlines
  • FICO's to 620
    • Strict adherence to FHA guidelines with prudent underwriting

 

 

HA Products

 

  • Follow AUS findings
    • No doc streamlines
  • FICO's to 620
    • Strict adherence to FHA guidelines with prudent underwriting

FHA High Balance

 

  • Follow AUS findings
  • No doc streamlines
  • FICO's to 620
    • Strict adherence to FHA guidelines with prudent underwriting

 

 

203-K Streamline

  • Max DTI 45%
  • Minimum Credit score is 660
  • Repairs are limited to cosmetic
  • Repair estimates must include supplies and labor costs
  • General Contractor must be used and must be licensed
  • Cannot use more than one contractor
  • Proper building permits must be acquired prior to closing
  • Ineligible properties:  Log homes, Condotels, co-op, manufactured, homes never completed and Mixed use
  • Self Help is not allowed.
  • First draw is limited to 40% and will be distributed approximately 10 days from closing
  • Once loan has closed to issue the draw send bid and settlement statement to SVP of Ops
  • Final draw will be issued by when all work is complete
  • Maximum amount of repair including inspections and supplemental origination is $35,000

Full 203-k

  • Max DTI 45%
  • Minimum Credit score is 660
  • Repair estimates must include supplies and labor costs
  • HUD Consultant is required which can be found at: https://entp.hud.gov/idapp/html/f17cnsltdata.cfm
  • Cannot use more than one contractor
  • Proper building permits must be acquired prior to closing
  • Ineligible properties:  Log homes, Condotels, co-op, manufactured, homes never completed and Mixed use
  • Final draw will be issued by when all work is complete
  • No mortgage payments financed
  • 203-K addendum to the purchase contract is required

 

 

 

Manufactured Homes VA

 

VA CASH OUT
  • Maximum LTV is 100% *Not available in Texas
  • Minimum FICO is 680 if max financing at 100%
  • AUS approval
  • Maximum cash out is $75,000
  • 90% LTV allowed to a 640 - 679 FICO
USDA ·        Minimum Fico: 620 ·        USDA approval required     FHA #: 2790900019 VA #:6405430000 

 

Conventional
  • Minimum Fico: 620
  • DU & LP Accepted
  • Purch / R & T Refi: Up to 95% LTV/CLTV  
  • Cash Out: Max 85% LTV,
  • Max 75% LTV 2nd Homes & NOO

 

 

Conventional High Balance

 

  • Minimum Fico: 620 LTV's up to 90%on O/O;                         700  Max LTV's of 60%
  • Purch/R & T Refi: Max 90% OO Only
  • Cash Out: Max 60% OO Only
  • 620 Fico Required
  • 2nd Home/NOO: 620 Fico Required
  • Max 90%LTV on O/O and 60% on 2nd home and investment
  • Eligible Prop: SFR, PUD and condo
DU Refi Plus
  • Minimum Fico: 580
  • Terms: 10, 15, 20, 25 & 30 yr fixed;
  • 5/1 & 7/1 LIBOR ARM
  • Unlimited DTI
  • Unlimited LTV/CLTV
  • Must be DU A/E
Reverse Mortgages
  • Strictly follow HUD guidelines
 

 

Manufactured Homes VA

 

VA CASH OUT
  • Maximum LTV is 100% *Not available in Texas
  • Minimum FICO is 680 if max financing at 100%
  • AUS approval
  • Maximum cash out is $75,000
  • 90% LTV allowed to a 640 - 679 FICO
USDA ·        Minimum Fico: 620 ·        USDA approval required    

 

Conventional
  • Minimum Fico: 620
  • DU & LP Accepted
  • Purch / R & T Refi: Up to 95% LTV/CLTV  
  • Cash Out: Max 85% LTV,
  • Max 75% LTV 2nd Homes & NOO

 

 

Conventional High Balance

 

  • Minimum Fico: 620 LTV's up to 90%on O/O;                         700  Max LTV's of 60%
  • Purch/R & T Refi: Max 90% OO Only
  • Cash Out: Max 60% OO Only
  • 620 Fico Required
  • 2nd Home/NOO: 620 Fico Required
  • Max 90%LTV on O/O and 60% on 2nd home and investment
  • Eligible Prop: SFR, PUD and condo
DU Refi Plus
  • Minimum Fico: 580
  • Terms: 10, 15, 20, 25 & 30 yr fixed;
  • 5/1 & 7/1 LIBOR ARM
  • Unlimited DTI
  • Unlimited LTV/CLTV
  • Must be DU A/E
Reverse Mortgages
  • Strictly follow HUD guidelines
Stated Income - Alternative Documentation Home Loans & Mortgages
  • Qualified mortgages
  • Jumbo Stated Income loans
  • Credit line option
  • Owner Occupied & Non Owner Occupied properties
  • No 4506

PFN - BM Real Estate Svcs Inc. Loss Payee

posted Mar 24, 2014, 8:29 AM by Massey Kouhssari

Please provide Dec page reflecting Dwelling Coverage, Replacement Cost and Annual Premium. Dec Page to reflect Lender Loss Payee
  • BM REAL ESTATE SERVICES, INC dba PRIORITY FINANCIAL NETWORK ISAOA,   5016 N. Parkway Calabasas, Suite 200 Calabasas, CA 91302 
  • Please include Lender Loan Number: PFNXXXXX

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