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Key in the Lock

AUTHORITY MORTGAGE

AT YOUR SERVICE

A Mortgage Broker You Can Trust

As a certified broker, I know from firsthand experience how overwhelming it can be to deal with mortgages. However, I also know that it doesn’t have to be this way.

Authority Mortgage specializes in helping you understand all of your mortgage and financing options so you can make smart and informed decisions.

Get in touch with me today to see what I can do for you.

 

MY AREAS OF EXPERTISE

 

CLIENT ASSESSMENT

Client Assessment is critical when getting mortgage financing today. Many families have multiple streams of income, businesses, complex finances and tax returns. Understanding sources, frequency and length of time of receiving income can make the difference between qualifying for one program over another, or Not at all.

This is where I come in with 25 years of experience and my Client Assessment Services, its invaluable when making key decisions for your family & future. I strongly cater towards getting my clients the best program options, interest rates and down payment on their mortgage. One size does not fit all in today's diverse employment  and business market.

 

Contact me today to see what I can do for you!

Credit Assessment
Contract Paper Signing

MORTGAGE LENDING

Whether you’re buying your first home, downsizing from your current home or looking for a new investment property, there’s lots of stress and complications involved in mortgages and financing. Perhaps your just interested in getting cash for home improvements, debt consolidation or re-organizing your budget for monthly cash-flow, we all have our own reasons. After all most of us design our lives and budget around our mortgage, its necessary we make the best choice. Like you I have made careful consideration in the top A Paper lenders that have adopted Ease of Use Technology for faster streamline closings and market the lowest offered rates in the industry.

Contact me today to see what I can do for you!

ALTERNATIVE LENDING

Alternative Lending has made a comeback after many years of being unavailable to many consumers. I have partnered with the Nations Leading Alternative Lending Institutions to offer products that will unlock and open up financing and purchase opportunities for my clients that have otherwise been unable to qualify with the traditional limited conventional programs. Take a look below at the various programs and see where you can benefit. 

Contact me today to see what I can do for you!

Key in the Lock
 

CONVENTIONAL PROGRAMS 

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ALTERNATIVE LENDING PROGRAMS 

Kris Michaels

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BUSINESS & PERSONAL BANK STATEMENT

 

  • 24 months business bank statements to 90% LTV with no MI

  • 12 month personal bank statements to 90% LTV with no MI

  • Simple third party prepared expense statement required

  • 2 years seasoning FC, SS, BK, or DIL

  • No tax returns/transcripts required

  • DTI above 40/45 considered with 660+ credit

  • Loans up to $3 million (minimum loan $150,000)

  • Credit scores starting at 620 (no multi-family properties)

  • First-time homebuyers OK (subject to additional guidelines)

PORTFOLIO SELECT ALT/A

  • Up to 90% LTV (purchase & R/T)

  • Up to 85% LTV (cash-out) w/ no MI

  • 2 years seasoning FC, SS, BK, or DIL

  • Recently discharged BK 13 to 90% LTV (if paid as agreed 24 Mos)

  • Loans up to $3 million (minimum loan $75,000)

  • Cash out for reserves OK

  • Credit scores starting at 600

  • Max 1×30 mortgage lates OK last 12 months

  • Option to qualify with assets instead of income

  • Asset Depletion program available

  • 1 Year Tax Return Program Available

ASSET QUALIFIER

  • Up to 75% LTV (purchase or delayed financing)

  • 5 years seasoning FC, SS, BK, or DIL

  • Credit score of 700+ required

  • Loans up to $3 million (minimum Loan $150,000)

  • No DTI restrictions

  • Requires 60 months of recurring monthly payments post closing

  • No 4506 required

  • Must document minimum $500,000 in post closing assets

  • Primary residence only

  • Assets must be sourced/seasoned for a minimum of 12 months

INVESTOR CASHFLOW

  • No personal income used to qualify

  • No limit on number of properties financed (5 with AOMS)

  • No DTI restrictions

  • Must have housing history and own a primary home

  • No employment required on application

  • 2 years seasoning FC, SS, BK, or DIL

  • Qualification based on property cash flow

  • Loans up to $1 million (minimum loan $75,000)

  • Up to 80% LTV (including cash-out)

  • Credit scores starting at 660

  • Interest only available

FOREIGN NATIONAL

 

  • Up to 75% LTV (purchase or refinance)

  • Simple credit reference letters to satisfy trade lines

  • No US or international credit required

  • No SSN or ITIN required

  • 12 months reserves required

  • Loans up to $750,000 (higher amounts case by case)

  • Reserves can remain in foreign account

  • Minimum loan amount down to $75,000

  • Fewer country restrictions than other lenders

  • DTI up to 50% considered

PLATINUM SELECT

  • Credit scores starting at 660

  • 4 years seasoning FC, SS, BK, or DIL

  • Loans up to $3 million (minimum Loan $150,000)

  • Up to 90% LTV/CLTV

  • Owner-occupied / second homes

  • Interest-only available

  • No pre-payment penalty

  • Cash-out available – $500,000 maximum

  • Full doc and bank statements available

  • Asset Qualifier available

  • 1 Year Tax Return Program Available

NON-PRIME

RECENT HOUSING EVENT

  • Credit scores as low as 500 (including jumbo loans)

  • Up to 90% LTV (purchase & R/T) w/ no MI

  • 1 day out of FC, SS, BK, or DIL

  • Up to 80% LTV (cash-out)

  • Loans up to $1 million (minimum loan $75,000)

  • Cash out for reserves OK

  • Mortgage lates are OK

  • DTI up to 50% considered

  • Limited or no tradelines OK to max 75% LTV

  • Max cash-out to $500,000

REVERSE MORTGAGE & REVERSE PURCHASE

  • Authority Mortgage has limitless options in forward mortgages, but there is a strong product that promises seniors a mortgage option that gives you an income rather than taking it away, makes your retirement years more financially enjoyable, and solves the common problem many seniors face of lacking retirement savings.​

  • That product is the government-insured Reverse Mortgage loan.

  • GET MORE INFORMATION BY VISITING

 AMREVERSE

 

GET IN TOUCH

There’s a lot of information to digest when purchasing real estate or refinancing a mortgage. For a thorough and dependable broker, get in touch. I’m happy to discuss your needs.

Call Derek: 909.228.5290

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