LOAN PROGRAMS

As an Affiliate of Vernon Street Capital you will be able to provide your clients with over 30 different finance products. This give you a great advantage in the marketplace as you will be able to place a loan to suit almost all requirements.

Residential Loans

Residential Loans are an essential part of purchasing and owning a home in the United States. Without financing provided by mortgage lenders, very few people would ever be able to afford to buy a home.

 

As an Affiliate of Vernon Street Capital, you will be able to provide the financing to your customers and receive a commission in the process. Most of the mortgage lenders in the market have a retail department and a wholesale department. You will be working with the lenders wholesale department and receiving a rebate from the lender for submitting the loan. You will also be able to shop the rates with several different lenders to ensure your customers receive the best rate available in the market. You will even have access to sub prime and hard money loan programs that are not available to banks. We have programs that do not require income verification and programs for customers with poor credit. 

FHA Loans

An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate income borrowers, FHA loans require a lower minimum down payments and credit scores than many conventional loans

Reverse Mortgage

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. ... The loan is called a reverse mortgage because instead of making monthly payments to a lender, as with a traditional mortgage, the lender makes payments to the borrower.

Rehab Loans

An FHA 203(k) rehabilitation loan can be used to purchase or refinance a home and include the costs of rehabilitating the property in a single mortgage loan transaction. When finished, the renovated or rehabilitated property must conform to existing FHA housing standards.

Fix & Flip

Fix-and-flip loans are used by short-term real estate investors to purchase and renovate a property before flipping it for a profit. This type of funding for flipping houses offers investors fast closings for properties in any condition.

Cash Out Loans

Cash out refinancing (in the case of real property) occurs when a loan is taken out on property already owned, and the loan amount is above and beyond the cost of transaction, payoff of existing liens, and related expenses.

And Many More

There are many more loans available to you as a Vernon Street Capital Affiliate. The knowledge, skills, and resources that you will gain as an affiliate of Vernon Street Capital will make you a valuable player in the residential mortgage market.

Contact us to find out more

VA LOANS

A VA loan is a mortgage loan available through a program established by the United States Department of Veterans Affairs. VA loans assist service members, veterans and eligible surviving spouses to become homeowners. The VA sets the qualifying standards, dictates the terms of the mortgages offered and guarantees a portion of the loan.

Jumbo Loan

A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). A jumbo loan is not eligible to be purchased or guaranteed by Fannie Mae or Freddie Mac. Designed to finance luxury properties and homes in highly competitive local real estate markets.

Hard Money Loans

A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans.

Fix & Hold

Similar to Fix-and-Flip, with the fix-and-hold model, investors aren't pressed to flip their properties as quickly as possible; instead, they have the ability to wait for market downturns to pass and still make financial returns from their rental income.

Adjustable to Fixed

Fixed-rate financing means the interest rate on your loan does not change over the life of your loan. Variable-rate financing is where the interest rate on your loan can change, based on the prime rate or another rate called an “index.” Your client may want to change from a fixed to a variable loan depending on circumstances

USDA LOAN

A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.

Construction Loans

A construction loan (also known as a “self-build loan") is a short-term loan used to finance the building of a home or another real estate project. The builder or home buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding.

Stated Income Loans

A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word.

Investors line of credit

Investors who already own property outside their primary residence may be able to borrow against existing properties to finance additional purchases or renovations. These investors can often use investment property lines of credit to tap equity they already have in investment properties

Rate & Term Loans

"Rate-and-term" refinancing occurs when a better note rate, better loan terms, or both become available to an owner which restructures their debt portfolio as it relates to liens held against a subject property. Consolidating multiple loans into one loan without extracting cash is also a rate-and-term.

 
 
Commercial Loans

A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank or alternative lender. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford

Here is a list of the different types of commercial property loans available:

Aquisition & Development

Business Loans

Joint Ventures

Notes Purchased

Refinance - Rate & Term

SBA Loans

Bond

Construction Loans

Mezzanine

Purchase

Remodel/Renovation

Second Mortgages

Bridge Loans

Forward Commitments

Non Recourse

Refinance - Cash Out

Rate & Term Loans

Here are some of the property types we can Finance:

Agricultural

(Ranches, Farms etc)

Leisure

(Golf Course, RV Parks etc)

Churches

Office Buildings

Parking Lot Sites

Self Storage Facilities

Automotive

(Gas Station, Car Wash etc.)

Medical

(Hotels & Motels)

Land

Office Condos

Rehabilitation Facilities

Single Tenant Buildings

Hospitality

(Hotels & Motels)

Industrial

(Warehousing & Manufacture)

Mixed Use Properties

Owner Occupied Business

Rehabilitation Facilities

Office Complexes

 
Business Loans

Residential Loans are an essential part of purchasing and owning a home in the United States. Without financing provided by mortgage lenders, very few people would ever be able to afford to buy a home.

 

As an Affiliate of Vernon Street Capital, you will be able to provide the financing to your customers and receive a commission in the process. Most of the mortgage lenders in the market have a retail department and a wholesale department. You will be working with the lenders wholesale department and receiving a rebate from the lender for submitting the loan. You will also be able to shop the rates with several different lenders to ensure your customers receive the best rate available in the market. You will even have access to sub prime and hard money loan programs that are not available to banks. We have programs that do not require income verification and programs for customers with poor credit. 

Equipment Leasing

The equipment leasing market is a fast growing segment of the commercial lending market. All companies must invest in equipment to grow their business and to improve their company’s overall efficiency. Equipment financing or leasing is an ideal way for corporations to purchase new equipment without investing a significant amount of capital upfront.

Business Lines of Credit

A Business line of credit is offered like a credit card for businesses for a lot of different reasons. A business will have a predetermined amount of credit with one of our banks and can use it over time as needed for working capital. Collateral is not usually required unless the business has poor credit when they apply. The amount issued for a business line of credit depends on the business's credit rating and cash flow.

Accounts Receivable Factoring

With the challenging economic environment, Accounts Receivable Factoring has become an important option for many small and medium companies. By offering Accounts Receivable Factoring services, we can help you alleviate short-term cash flow shortages by enabling you to use your Accounts Receivable as security for short-term lines of credit or cash.

Working Capital Loans

A business can have access to cash for any reason. This is a very easy loan to qualify for and they fund in 2-3 days. 

SBA Loans

SBA provides loans for people who are looking to start a business or expand an existing business. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan.  

 
Personal Loans

Loans up to $50,000.00 for any reason down to a 500 credit score. We are also able to offer businesses credit services that will allow their customers to finance their purchase. 

Start A Business

Pay Off Credit Cards

Medical Expenses

Home Improvement

Major Purchases

Taxes

Consolidate Debt

Vacations

Many others...

  • Grey Facebook Icon

2386 Fair Oaks Blvd. Suite 200F

Sacramento, Ca 95825

info@vscloans.com

916-481-2294