Lending Services

We offer your investor clients an efficient way to get loans for their investment properties in the states that we are licensed through Homeunion Lending, a subsidiary company.

How it Works

HomeUnion® Lending is a full service mortgage brokerage that provides your clients with the highest level of customer service and a seamless real estate purchasing process.

While there are many different types of loans, it is important to choose the right type of loan for investment properties. HomeUnion® Lending provides the options to achieve financial goals by investing in real estate and the experience to guide clients through the process.

At HomeUnion® Lending our goal is to make the entire lending process seamless and easy. Here are the five steps most loans typically follow:

Gather Documents

1. Gather Documents

Start by gathering all the necessary paperwork to get the lending process started. We require the following documents:

  • Copy of driver's license and social security card
  • Federal tax returns from the last 2 years
  • 2 Months of bank statements and paystubs (preferably with year to date amounts)
  • Consumer credit report pull authorization
  • Other financial account statements
  • Rental agreements for any properties that are owned
Loan Structure

2. Loan Structure

Once we’ve received the documentation we can determine the best type of structure for the loan. We work with a wide variety of investors ranging from those that are purchasing their first investment property to investors that are purchasing a portfolio of multiple investment properties.

Our talented team of lending specialists will structure a loan that is specifically designed to help you achieve your financial goals through investing in single family rentals. We’ll advise you on types of loans, loan amount, and which options are best for your specific investing needs.

Pre-Approval

3. Pre-Approval

We are dedicated to providing the highest level of customer service and the pre-approval process allows us to work to make sure everything is in order. During the pre-approval phase we’ll make sure that we have all the necessary paperwork to ensure that the loan can move forward once the appraisal has been received.

Escrow

4. Escrow

Escrow is the last phase before owning the investment property. This is the period of time after the offer has been accepted and paperwork has been exchanged, in which the funds will be held in an account by a neutral third party.

We’ll make sure that the escrow process goes smoothly and can be used to handle the home inspections and appraisal. During this phase the interest rate will get locked in and we’ll send over the credit package and the appraisal report, which the underwriter will use for loan approval. The loan approval typically takes a day or two and then we’ll send over the loan documents to sign.

Most escrow periods last about 30 days but it is possible for them to be shorter or longer depending on your needs or the needs of the seller. We will work with specific time constraints to find the loan that works best.

Funding

5. Funding

Once the loan documents have been signed, the loan will fund in the next 48-72 hours and be recorded at the County Recorder’s Office. This is the last step of the process to becoming an investment property owner.

Loan Programs

Since HomeUnion® Lending is a brokerage, we can offer different rates and terms from several different sources instead of just one. Offering both agency and portfolio loans, we have experienced loan officers who will work through simple or complex financial situations to find the right leverage solution.

Agency Conforming Loans

Loan amounts up to $625,500. Fixed options include 30, 20 and 15-year terms. ARM options include periods of 5, 7, or 10 years.

Jumbo Loans

Loan amounts up to $2,000,000. Fixed and ARM programs. Available for single family home and multi-units.

Portfolio Loans

For investors needing alternative financing. Fixed and ARM programs. Blanket & single asset loans.

Loan Program

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