Disclosures

LP Financial Inc. dba loanprofessros.com is Licensed by the California Department of Real Estate (License No. 01969020) and California Department of Business Oversight (License No. 60DBO44720). Licensed as a Mortgage Broker in California. NMLS ID 1265772.
These mortgage rates and scenarios are based upon a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan's interest rate and APR will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing. For properties in California only.

Up to $647,200 Loan Amount (Conforming Loan Limits)

Disclosed rates assume a rate & term (no cash-out) refinance of an owner-occupied single-family residence of a loan amount of $500,000. Minimum 760 FICO score, 60% loan to value with no subordinate debt for a borrower who is a wage earner (not self-employed). If these factors are not met, you may still qualify for a loan but higher interest rates and closing costs may apply. Not all applicants will be approved. Advertised Rate and APR are subject to change without notice. All applicants are subject to underwriting approval and additional guideline qualifications.

$647,200 to $970,800 Loan Amount (Conforming High-Balance Loan Limits)

Disclosed rates assume a rate & term (no cash-out) refinance of an owner-occupied single-family residence of a loan amount of $800,000. Minimum 760 FICO score, 60% loan to value with no subordinate debt for a borrower who is a wage earner (not self-employed). If these factors are not met, you may still qualify for a loan but higher interest rates and closing costs may apply. Not all applicants will be approved. Advertised Rate and APR are subject to change without notice. All applicants are subject to underwriting approval and additional guideline qualifications.

$970,800 to $2,000,000 Loan Amount (Above Conforming High-Balance Limits)

Disclosed rate assumes a rate & term (no cash-out) refinance of an owner-occupied single-family residence of a loan amount of $1,000,000. Minimum 760 FICO score, 60% loan to value with no subordinate debt for a borrower who is a wage earner (not self-employed). If these factors are not met, you may still qualify for a loan but higher interest rates and closing costs may apply. Not all applicants will be approved. Advertised Rate and APR are subject to change without notice. All applicants are subject to underwriting approval and additional guideline qualifications.

Alternate Income Documents

Bank Statement Loan

Disclosed rate assumes the rate & term (no cash-out) refinance of an owner-occupied single-family residence of a loan amount of $1,000,000. Minimum 760 FICO score, 60% loan to value with no subordinate debt for a borrower who is self-employed for at least two years verified by a business license or CPA letter. Applicant must provide 24-months of bank statements in place of tax returns for income calculation and qualification and must show reserves equal to 12 months of PITI for subject property (principal/interest payment, property taxes and insurance combined) for this specific scenario. Additional reserves may be required if applicants own multiple properties. If these factors are not met, you may still qualify for a loan but higher interest rates and closing costs may apply. Not all applicants will be approved. Advertised Rate and APR are subject to change without notice. All applicants are subject to underwriting approval and additional guideline qualifications.

Profit & Loss Program

Disclosed rate assumes the rate & term (no cash-out) refinance of an owner-occupied single-family residence of a loan amount of $1,000,000. Minimum 760 FICO score, 60% loan to value with no subordinate debt for a borrower who is self-employed for at least two years verified by a business license or CPA letter. Applicant must provide previous year and year-to-date Profit & Loss statement prepared by a CPA or Tax Professional for income calculation and qualification. Applicant must show reserves equal to 12 months of PITI for subject property (principal/interest payment, property taxes and insurance combined) for this specific scenario. Additional reserves may be required if applicants own multiple properties. If these factors are not met, you may still qualify for a loan but higher interest rates and closing costs may apply. Not all applicants will be approved. Advertised Rate and APR are subject to change without notice. All applicants are subject to underwriting approval and additional guideline qualifications.

Investor Cash-Flow

Disclosed rate assumes the rate & term (no cash-out) refinance of a tenant-occupied single-family residence of a loan amount of $1,000,000 with a 3-year Pre-Payment Penalty. Minimum 760 FICO score, 60% loan to value with no subordinate debt. Qualification is based on property cash-flow (rents collected by owner/landlord) to be equal or greater than new loan PITI (principal/interest payment, property taxes and insurance combined). Applicant must show reserves equal to 6 months of PITI for subject property (principal/interest payment, property taxes and insurance combined) for this specific scenario. Additional reserves may be required if applicants own multiple properties. If these factors are not met, you may still qualify for a loan but higher interest rates and closing costs may apply. Not all applicants will be approved. Advertised Rate and APR are subject to change without notice. All applicants are subject to underwriting approval and additional guideline qualifications.

Zero Doc Loan

Disclosed rate assumes the rate & term (no cash-out) refinance of an owner-occupied single-family residence of a loan amount of $1,000,000. Minimum 760 FICO score, 60% loan to value with no subordinate debt. No income or employment verification is required. Applicant must show reserves equal to 60 months of PITI for subject property (principal/interest payment, property taxes and insurance combined) for this specific scenario. Additional reserves may be required if applicants own multiple properties. If these factors are not met, you may still qualify for a loan but higher interest rates and closing costs may apply. Not all applicants will be approved. Advertised Rate and APR are subject to change without notice. All applicants are subject to underwriting approval and additional guideline qualifications.