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UGMC is a Private Lender in 43 states servicing mortgage bank loan declines and providing alternative lending solutions on investment residential and commercial properties. We offer stated income and full doc programs to provide solutions for those deals that do not meet standard banking guidelines. We have the experience with financing those borrower's who may need an alternative financing solution.
We provide services for Banks, Credit Unions, Mortgage Brokers and Mortgage Banking firms in this capacity and we have helped them create what we like to call an
"alternative lending division" for their company.
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If you are successful mortgage broker, banker, credit union or a bank than at some point a customer has asked you for a loan that wouldn’t qualify conventionally but if you`re like most mortgage companies you probably turned down these non-conforming borrowers. After all it`s not your area of expertise and quite frankly it can be difficult without the right funding source. But by saying NO, you are walking away from a valuable opportunity, a new stream of revenue, new clientele and new opportunities to grow your business. But with UGMC you don’t have to turn that deal down, we add value by providing a Smart, Fast and Easy way to fund investor 1-4 unit residential and commercial properties. So what makes us different? We have all the dependable characteristics of a bank and all the flexibility and speed of a private lender. Let us show you what we mean.As a private lender we are not working for anyone but you, our clients. Also, since stated income loans have 30 year amortized terms, your borrower will not be faced with a balloon payment. Our common sense underwriting approach allows you to fund loans that banks won’t, because we never request paystubs or tax returns, we ignore DTI and we leave out the 4506T. We both know your borrowers deserve better options, and better options are exactly what we offer. At UGMC submitting your loan is a familiar process. We ask for the same documents you’re used to on residential deals, just a 1003 and a credit report, giving you a new stream of revenue without requiring you to change the way you already do business. In fact brokers, bankers and credit unions all over the US depend on UGMC for our proven track record and financial stability. So if you had access to a new stream of income with higher commissions and no risk or obligation and it was actually easier than closing residential loans you fund now, Why wouldn’t you want to pursue it? It`s time you discovered United Guaranteed Mortgage Company.
What We Can Do For You
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UGMC offers a variety of flexible and creative loans for the non-traditional borrower . Our non-conforming loan portfolio is perfect for the self-employed borrower or for those borrowers that have difficulty qualifying conventionally. We take the guessing out of the equation and concentrate on what we do Best, and that is to offer an array of loan products that will fit any complex qualifying situation. Our popular Stated Income Residential program requires NO business, No property or personal income. Our Commercial Real Estate financing programs start at 75 LTV with 30 year amortizations and NO balloon payments. Basically, we are dedicated in providing non-conforming mortgage financing solutions for the non-conforming Borrower. Contact Us for more information about our innovative and creative loan products.Stated Income Program
At UGMC, we understand that it is not always possible or suitable to provide all of the income documentation that conventional lenders require. Your borrowers may be self-employed or the documents may simply not be available for some reason. We offer exceptional stated income loan products for residential properties Nationwide, and we want to help you achieve your borrowers financing goals through our Stated Income programs.v2rayng苹果客户端下载
Bank Statement Program
At UGMC, we offer innovative loan programs to help you better serve your borrowers. If your clients have non-traditional income sources, our Bank Statement Program can help you get them the lending they need to achieve their real estate goals. What's the UGMC Bank Statement Program all about? It's a program to help you provide loans for your non-traditional borrowers. Instead of requiring documentation like pay stubs or tax returns, it's based on the borrowers' monthly deposits.Learn More
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From Stated Income to Cash flow to Asset Based to the Bank Statement Program, we have a loan product for any loan scenario. If you have loans that are falling out from your conventional lenders, contact us we help structure and bring the loan back to life.
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- Stated Income Loans
- Bank Statement Program
- Foreign Nationals program
- Non-Conforming Residential
- Fix and Flip Program
- Fresh Start Program
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- Multifamily Lending
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- Non-Conforming Program
- Hard Money Loans
- Mixed Use Mortgage
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- Business Purpose Program
- Business Financing
- Commercial Guidelines
- Working Capital
- Equipment Financing
- Undeserved Businesses
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At UGMC, we service both commercial and residential real estate properties for all types of transactions anywhere in the US. Don’t let another real estate deal fall through. Whether your clients need financing for a single transaction or they need financing for multiple transactions in several states, call us at UGMC, We can help. Our expertise and experience allows us to secure mortgage financing for all types of commercial and residential property types. In order for us to determine the best type of financing to offer each particular transaction, we designate properties according to two Property Classes relating to the property's quality and liquidity, and the risk involved in the transaction.鱼跃加速器
*Multi-Family Residential*Multi-Family Commercial
* Mixed-Use Properties
* Retail Properties
* Office Buildings
* Apartment Buildings
* Industrial Properties
* Hotels or Motels
* Healthcare Properties
* Construction Related
* 1-4 Residential Properties
* Adult Care Facilities
* Churches/Synagogues
* Self-Storage
* Warehouse
* Automotive
* Strip - Malls
* Mobile Home Parks
* Development Sites
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To be designated as Class 1, a Mixed-Use Property must meet the following definitions:* It must consists of first floor commercial space with residential spaces on upper floors
* At least 50% of the square footage must be generated by the property's residential component
* Square footage should be 50% commercial in a 2-story building
* Square footage should be 33% commercial in a 3-story building
* The commercial square footage should be on the first story
* The commercial activities should either be office or retail related
* The commercial activities shouldn't affect residents’ health, comfort or safety
Property Class 1
* Multi-Family Residential Properties* Mixed-Use, Residential / Commercial Properties
* Properties with the highest value and the greatest liquidity
Restrictions include:
* Residential properties are rated higher than commercial properties
* Only real property is considered
* Furniture, fixtures & equipment (FFE) are not valued
* Future operation (Going Concern) value is not valued
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* Mixed-Use Properties supporting commercial activities that affect residents’ health, comfort or safety (ex: bars, industry, automotive services, adult entertainment, educational institutions, drug treatment facilities, etc.)* Retail Properties
* Office Buildings
* Industrial Properties
* Hotels or Motels
* Healthcare Properties
* Construction Related Properties
* Co-ops, Condos or Townhomes
* Nursing Homes or Adult Care
* Self-Storage or Warehouse
* Mobile Home Parks
Frequently Asked Questions
Why should we do business with UGMC?
At UGMC we devote our time helping brokers, credit unions, conventional lenders and borrowers with Out of the Box financing. Our experience in this niche mortgage market has made as the most trusted private lending mortgage lender year over year. We handle the entire process in-house, we do not out-source our work so working with us is painless.
How long does it take to close a deal?
Typically our closing time frame is anywhere between 25-40 days. For our non-conforming commercial transactions it takes about 3 weeks to close and our residential loan programs usually take about 4 weeks. SBA loans take longer to close, roughly 60-90 days.
How do we get on board with UGMC?
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Does UGMC charge any fees upfront?
After an LOI (letter of interest) is issued a non-refundable fee is collected for appraisal purposes. The fee ranges anywhere from $795-$1995 depending on the loan size and the type of property. The only time that the fee will be refunded is in the event the loan doesn't close due UGMC's failure to perform as outlined in the Letter of Interest.
Does UGMC charge any discount points?
Usually our fees come directly from our private venture capital fund or from selling the loans on the secondary market. It also depends on the Terms chosen, some terms will ask for discount fees to be paid. Never guess, our fees will be disclosed in the Letter of Intent.
What property and occupancy types will UGMC finance?
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Get In Touch With Us
United Guaranteed Mortgage
Silver Towers Building
125-10 Queens Blvd, suite 315
Kew Gardens NY 11415
support@ugmc.com
800-805-6945
Contact Us Today