CHICAGO, Jul 15, 2021 / PRNewswire / – Mortgage company Interfirst (Interfirst), the maker of private-funded mortgages, today announced the launch of ONE, a new lending program supported by non-owner-occupied real estate. ONE is a unique mortgage lending program designed to meet the significant market needs of professional non-owner real estate investors and is based on a flat unadjusted interest rate and leases cash flow (DSCR). 1 or higher).
ONE is the first loan program launched under the Interfirst Independence series of mortgage programs. Additional loan programs will be launched in 2021.
“We are delighted to announce ONE and provide professional real estate investors with a solution independent of government,” said the chief strategy officer. Brian Filkie…
“Currently, mortgage brokers must navigate the rate tables to determine the price of a loan,” added Filky. “This process often takes time and experience to improve, and in many cases it is outsourced to the pricing mechanism due to the hundreds of potential adjustments that change as loan parameters change. With the ONE DSCR program, mortgage brokers can spend less time decoding rates and more time helping clients build their businesses and expand their investment presence. How? ONE does not require interest rate (or price) adjustments during the loan process. ONE simplifies the loan process by providing investors with what they need to make quick and easy decisions and the rate will not change no matter what happens to the scenario. ”
Fannie Mae and Freddie Mac are now reducing their presence in non-owner properties thanks to an amendment that limits the purchase of investment properties at 7%. ONE is a privately secured loan program, independent of government, that offers an innovative solution for professional real estate investors. Interfirst controls and owns all product recommendations and sets high quality parameters and invests in loans (eg FICO points, LTV requirements).
ONE Program Overview
- Flat interest rate regardless of the scenario
- No loan adjustments regardless of the term
- Private Lending Program – Government Independent
- Market opportunities for over 24 million unowned properties in USA
- Currently licensed in 28 states and Columbia region
Virtual launch using ONE program
On the Jul 22, 2021Interfirst is hosting an exclusive virtual launch event to discuss ONE. For more information or to sign up for a webinar, visit www.Interfirst.com/one…
Interfirst Mortgage Company is a privately funded mortgage company dedicated to providing transparent and streamlined customer service. Founded in 2001 and relaunched in 2020, Interfirst is built on a new proprietary lending technology platform and an expanded business model with a newly integrated retail and wholesale offering. With innovation at its core, Interfirst empowers mortgage broker partners and lenders to operate efficiently and seamlessly through a technology model based on service, speed, competitive products / prices and sustainability. Interfirst is currently licensed in 28 states, including Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Illinois, Kansas, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, New Hampshire, New Mexico, Ohio, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia as well as Wisconsin as good as Columbia region, with plans to get licensed in all 50 states.
Visit Interfirst.com or contact 800.520.7087 to find out more.
SOURCE Interfirst Mortgage Company