Logan Finance Introduces Innovative Mortgage Solutions for All
Transforming Homeownership with Non-QM Solutions
Logan Finance Corporation, a renowned player in the non-QM lending space, recently launched an exciting lineup of mortgage products known as the Open Road series. This suite comprises seven innovative solutions specifically designed to address the financing challenges faced by numerous creditworthy individuals who do not quite fit the traditional mold of borrowers.
Understanding Loan Challenges
Across the country, there are millions of self-employed individuals, investors, and international buyers seeking homeownership. Traditional lending criteria often leave these capable borrowers without options. Logan Finance recognizes this discrepancy and has tailored solutions to bridge the gap, making homeownership more accessible.
Exploring the Open Road Product Suite
The Open Road product series is crafted to cater to unique situations and various borrower profiles. Each solution offers distinct advantages, helping clients navigate the often-confusing world of mortgages:
Asset Qualification (Beyond)
This product allows affluent clients to leverage their retirement accounts, turning them into keys that unlock new possibilities for homeownership.
Bank Statement (Overland)
For those who may not have traditional tax returns, this option examines 12 to 24 months of bank statements to qualify borrowers based on a fuller picture of their financial health.
Condotel (Horizon)
Designed specifically for resort properties, this product offers financing for condo-hotels with a competitive loan-to-value (LTV) ratio of up to 75%.
DSCR (Autobahn)
This offering is perfect for property investors, providing financing up to $1.5 million for vacation rentals at an LTV ratio of 70%, fulfilling the needs of Airbnb-oriented clients.
DSCR: No-Ratio (Accelerate)
With this product, experienced investors can qualify based on their guarantor's credit score, property LTV, and reserve funds, making it a valuable tool for portfolio growth.
Full Doc (Roam)
This solution provides loan amounts up to $3 million, offering a streamlined process for clients with complex income situations.
P&L (Reach)
Businesses seeking smart financing solutions can present CPA-prepared Profit and Loss statements, allowing them to secure the funding they deserve.
Streamlined Processes and Partnerships
"We've built solutions that work in the real world," states Bobby Love, President at Logan Finance. The company takes pride in its prompt scenario analysis, which can be completed within just 24 hours, along with a specialized underwriting team for each product type. Logan Finance emphasizes that their goal is not just to provide mortgage products but to foster meaningful partnerships with brokers and lenders.
Benefits for Mortgage Brokers
Logan Finance enhances the experience for brokers and correspondents with valuable advantages:
- Same-day scenario analysis ensures quick decision-making.
- A dedicated condo review desk offers specialized support.
- Private-label marketing materials streamline brokers' promotional efforts.
- Custom training programs tailored to client needs.
- Integration with major technology platforms for seamless operations.
This extensive Open Road product suite is immediately available through Logan Finance's various channels, providing brokers with the tools they need to serve their clients effectively.
About Logan Finance Corporation
Logan Finance Corporation is a leading name in the non-QM mortgage sector, dedicated to providing innovative home financing solutions. Their offerings encompass a full range of products such as DSCR, Bank Statement, Condotel, and others, designed to meet the evolving needs of borrowers. With over 70 years of experience, the firm remains committed to excellence and delivering exceptional service to customers.
Frequently Asked Questions
What is the Open Road series by Logan Finance?
The Open Road series includes seven unique non-QM mortgage solutions designed to help borrowers who may not qualify under traditional lending criteria.
Who can benefit from the non-QM solutions?
Self-employed individuals, investors, and international buyers, among others, can utilize these solutions to achieve homeownership.
What services does Logan Finance offer to brokers?
Logan Finance provides same-day scenario analysis, dedicated support teams, and customized training programs for brokers.
How quickly can borrowers receive financing through Logan Finance?
Logan Finance aims for a fast loan approval process, ensuring borrowers receive a response within 24 hours for scenario analyses.
What is unique about Logan Finance's approach?
Logan Finance focuses on building partnerships with brokers while offering tailored financing solutions that reflect current market needs.
About The Author
Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
