Defy Mortgage, LLC

Address: 1030 16TH AVE S, FL 2, Nashville, TN 37212

https://defytpo.com/

Internal Reviews

(0 reviews)

Total loans closed with Loan Factory
0

Total loans closed with Loan Factory (past 12 months)
0

Lender overview

Basic information

QM Program

N/A

Loss Payee

Defy Mortgage, LLC ISAOA, ATIMA 1030 16th Avenue S 2nd floor, Nashville, TN 37212

CPL or Subordinate Clause

Defy Mortgage, LLC ISAOA, ATIMA 1030 16th Avenue S 2nd floor, Nashville, TN 37212

Lock policies & Fees

Lock Policies

Lock extension

Yes

Relock

Yes

Lock & Shop

Lender's niche & Overlays

Lender's Niche

Tech-Driven with a AI Focus
Here are a few Highlights:

90% Asset Depletion

90% 1099 Only

90% Up to 3Milly

90% 2-4 Units

90% Condo 90% Second Home

90% Down to 680

85% Cash Out

85% Down to 640

80% Short Term Rental Allowed

80% Rural 40 Year Fixed Rate Options for DSCR

Killer DSCR , Bank Statement, P&L ONLY, Asset Depletion Programs Available

DSCR SFR & 2-4 Unit (Min. $75K Loan Amount)
DSCR 5-10 Multi-Family (2-8 Mixed-Use) Units Up to $3M @ 70% LTV
No Ratio DSCR Program Available (<.75% Ratio)
No Seasoning Requirements for Cash-out Refis STR (Min. 75% Ratio)
Unlimited Properties Financed
Can Qualify at I/O Payment Up to 80% LTV
1st Time Investors (Min 1% DSCR Ratio)
Jumbo Loans Available up to $5M (Min. 680 FICO @ 70% LTV for SFR, Condos, 1-4 Unit)
ITIN, Foreign National, Non-Permanent & Permanent Resident Alien Programs Available
Allow lender credit to cover BPC.

Lender's overlays

Exceptions made all the time

Lender turn time

Initial underwrite (days)

CTC conditions review (days)

Initial CD (days)

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