Welcome
CMC PATRONS
Why Choose Luxury Mortgage
Luxury Mortgage’s Correspondent division strives to provide our lending partners and your borrowers with the most competitive products and services in the industry. With over 25 years of experience and a Sales team of seasoned experts, we have the ability to handle even the most complex scenarios and provide innovative solutions. By providing 3 day in-house underwriting turn times, immediate responses to scenario questions, extensive operations training and a bank statement review desk our lending partners are able to put more borrowers into homes that cannot qualify for Agency financing.
We also offer the industry’s most comprehensive array of Non-QM programs with broad qualification options. Our Simple Access ® Bank Statement program is designed for the self-employed client. Our Investor Cash Flow (DSCR) program is designed specifically for investors who qualify based on the cash flow of the subject property(s).
SIMPLE ACCESS®
It shouldn’t be complicated to finance a home! We saw a need for common sense solutions for self-employed borrowers and those with non-traditional income. Our Simple Access products are just that…simple, flexible, and straightforward.
- Loan amounts to $4.0M (higher by exception)
- Cash-out use for reserves (max 75% LTV)
- Cash-out (in hand) refi up to $2.5M (max 75% LTV)
- One appraisal required for loan amounts to $2M
- Minimum FICO 620
- 7/6 and 10/6 ARM; 15 and 30 FRM
- 30 and 40 year fixed I/O options
- LLCs and Corporations are eligible vesting types
- Primary wage earner FICO used to qualify
- Non-warrantable Condo & Condotels to 75% LTV
- Mixed-use properties (up to four units)
- Current property value used for refinances
INVESTOR CASH FLOW
BANK STATEMENT
1099 ONLY
ASSET QUALIFIER
Eligibility is based on liquid assets in a savings or securities account. No need for tax returns or traditional income documentation. Allows homebuyers to use assets for qualification without tying them up for a home purchase.
FULL DOCUMENTATION
A solution for scenarios that don’t quite fit the guidelines for conventional financing. Qualification focuses on the borrower’s ability to repay based on common sense underwriting, and perfect credit is not required.
Contact Us
Have questions about our products or working with Luxury Mortgage Correspondent? Give us a call or complete our contact form and we’ll follow up with you.
SUCCESS STORIES
CUSTOMER FEEDBACK
CORPORATE
Luxury Mortgage Corp.®
Four Landmark Square
Suite 300
Stamford, CT 06901
(888) 458-6267
WEST COAST
Luxury Mortgage Corp.®
18100 Von Karman Ave
Suite 350
Irvine, CA 92612
(949) 516-0710