Multi-Family

Investor 1-4

Mixed-Use

Commercial

Flexible Mortgage Effective 6/1/18

Solutions for
Extraordinary People
Velocity Mortgage Capital is a nationwide, direct portfolio lender focused
exclusively on financing residential 1-4 investment, multi-family, mixed-use
and small balance commercial properties.

By focusing more on the property’s value and revenue-generating

potential than the borrower’s personal income and credit, our alternative,
asset‑based mortgage programs allow the brokers we service to meet
the unique needs of real estate investors, including W-2, self-employed
and small business owners, who are often tough to qualify. Because all
borrowers, even the extraordinary ones, deserve an opportunity.

Every Vision Needs Velocity.

Possibilities…
not just properties.

Whether your client is a seasoned buyer

seeking another investment property, an
opportunist looking to flip houses or a self-
employed entrepreneur in need of their
first small business real estate loan, we
recognize the potential in every borrower.
FlexPerm Designed for investors seeking a simple financing solution for purchase or refinance, with
the flexibility to remain in the loan for up to 30 years.
Loan
Key Features
An uncomplicated option • Great for qualifying W-2 and self-employed investors.
with flexible underwriting • Based on property value, not personal income.
and longer terms. • Best alternative to hard money loans.
• Available as a 3-year-fixed or 8-year-fixed loan, each amortized over 30 years.

Property Types, Terms & Rates

Investor 1-4, Multi-Family & Mixed-Use Commercial
Condo, 5+ Unit Multi-Family Office, Retail, Warehouse,
& 2-4 Units & Mixed-Use Self-Storage & Automotive

Fixed Term 3-Year 8-Year 3-Year 8-Year 3-Year 8-Year

Loan-To-Value Max 75%* Max 75%* Max 75% Max 75% Max 70% Max 70%
FICO ≥ 750 7.24% 7.99% 7.49% 8.24% 7.99% 8.74%
FICO 700-749 7.74% 8.49% 7.99% 8.74% 8.49% 9.24%
FICO < 700 8.24% 8.99% 8.49% 9.24% 8.99% 9.74%

General Guidelines Add 25 BPS to the rates shown below for all refinance transactions.

Purpose Purchase, Rate-Term Refinance, Cash-Out Refinance

$75K - $5MM
Residential 1-unit maximum loan amount is $1.5MM
Loan Amounts
Residential 2-4 unit maximum loan amount is $2MM
Minimum loan amount on Multi-Family, Mixed-Use and Commercial is $100k
Term 30-year term, with loans fixed for first 3 years or 8 years
Amortization 30-year fully amortized loan
Credit Score 650 minimum (mid FICO)
Rebates 1-point rebate = .50% add-on to rate (Max rebate 2%. > 1YSP = 5% prepay)
Index / Margin / Caps WSJ Prime + 5%. Rate Caps = 2/1/6
Prepayment Penalty Investor 1-4: 3-year fixed = 3%, 3%, 3%, or 8-year fixed = 3%, 3%, 3%, 3%, 3%
Multi-Family, Mixed-Use and Commercial: 3-year fixed = 5%, 5%, 5%, or 8-year fixed = 5%, 5%, 5%, 5%, 5%
Minimum prepay on
1-6 residential units in NJ = no prepay, add 1% to rate
all loans = 1 year
1-4 residential units in NM = no prepay, add 1% to rate
Prepayment Buydown(s) For each year of buydown, add 1% to start rate OR 1% in fee.
Rate Buydown 1-point fee = .50% rate reduction (Maximum rate reduction is 1%) | Minimum Rate 5.24%
Prepayment Buy Up Reduce rate by .25% for each year added. Penalty increases to 5% for all years of prepayment term.
Broker Compensation Maximum is 5% of the loan amount, including all broker fees.

Underwriting Guidelines
Lending Locations nationwide. (For ineligible locations contact your Account Executive for details.)
First time investor = 5% LTV reduction for all property types.
Experience
First time buyers are ineligible for investment 1-unit properties.
Income Verification Simple Documentation.
Asset Verification Source of funds required for all money brought into any transaction.
Appraisal Process & Fee Contact your account executive to learn about our streamlined process and cost.
Impounds Required for property taxes & insurance.
Foreign Investors 65% maximum LTV.
Loans < $250k Add 50 bps to the matrix rate for multi-family, mixed-use and commercial properties.
Add 25 bps to residential 1-4 rates for the following states: NY, PA, CT, NJ, FL.
Rate Add-ons
Add 25 bps for all refinance transactions.
Investor 1-4 *75% LTV on purchases only with 650+ mid FICO. Investor 1-4 loans > $1mm = 70% max LTV.
CLTV 80% maximum CLTV.

*See licensing matrix for broker requirements. This marketing is not intended for consumer use. Effective 6/1/18
Fix-and-flip loans
are on the rise.
House flipping in the U.S.
increased to an 11-year high
in 2017, creating an excellent
opportunity for brokers who
offer fix-and-flip mortgages.

Velocity’s new ARV Pro Loan is

the perfect program for house
flippers who need a short-term
solution but want to avoid the
hassle and delays of qualifying
for a traditional bank loan.

Source: ATTOM Data Solutions’

2017 Home Flipping Report
ARV Pro Designed for “fix-and-flip” investors who are seeking a short-term, interest-only loan to
acquire and improve a property based on its “as repaired value” (ARV).
Loan
Key Features
The best short-term solution • Allows borrowers to finance improvements.
for acquiring and improving • Great for borrowers who need a quick close.
property value. • An interest-only 1-year term provides lower monthly payments.
• A higher LTV than hard money lenders.

Property Types, Terms & Rates

Investor 1-4, Condo, & 2-4 Units

Tier Credit Score Rate – Interest Only LTAVR

1 FICO ≥ 700 8.50% 75%

2 FICO 650-699 8.75% 75%

General Guidelines
Purpose Provide funds to improve or rehab properties. (Purchase and refinance OK.)

Loan Amounts $75k – $1MM up to 75% of the ARV.

Initial Draw 75% (Lower of purchase price or current value.)

Improvements Schedule of improvements required. (Inspection fees per draw apply.)

Term 1-year, interest only.

Credit Score 650 minimum (mid FICO.)

Prepayment Premium None.

Rate Buydown 1-point fee = .50% rate reduction. (Maximum 1% rate reduction)

Broker Fees Maximum is 5% of the loan amount, including broker fees.

Lender Fees 2% + underwriting fee of $999.

Add 1.50% to the start rate for properties located in:

Location Add-on
CT, DE, FL, HI, IA, ID, IL, IN, LA, ME, NJ, NM, NY, OH, OK, PA, SC, or WI.

Underwriting Guidelines
Lending Nationwide, except for rural properties. Contact your loan officer for details.

Experience Proof of prior real estate investment or ownership. 70% maximum LTV for first-time investors.

Income Verification Simple documentation.

Down Payment Must be sourced.

Improvement Funds Limited to 40% of the loan amount. Schedule of improvements is required.

Appraisal Process Contact your account executive to learn about our streamlined process and cost.

Impounds None.

Foreign Investors 65% maximum LTV.

*See licensing matrix for broker requirements. This marketing is not intended for consumer use. Effective 6/1/18
Credit QuickFix Designed for investors with credit issues seeking an interest-only, short-term loan as an
alternative to hard money financing.
Loan
Key Features
A higher LTV alternative • A higher LTV than hard money options.
to hard money. • Great for borrowers who need a quick close.
• An interest-only 1-year term provides lower monthly payments.
• Perfect for acquiring or leveraging real estate with deferred maintenance.

Property Types, Terms & Rates

Residential 1-4 ( SFI, Condo, & 2-4 Units)
Tier Loan-To-Value Interest Rate Only LTV

1 FICO ≥ 700 8.50% 75%

2 FICO 650-699 8.75% 75%

3 FICO < 650 9.75% 75%*

General Guideliness
Purpose Purchase and refinance transactions. *Tier 3 Refi is70% maximum.

Loan Amounts $75K– $2MM

Term 1-year interest only.

Credit Score No minimum.

Prepayment Premium Minimum 4 months interest.

Rate Buydown 1-point fee = .50% rate reduction. (Maximum 1% rate reduction)

Broker Fees Maximum is 5% of the loan amount, including all broker fees .

Lender Fees 2% + underwriting fee of $999.

Lender Fee Reduction Add 1.0% in rate for each .50% reduction in fee. Maximum fee buydown is 1%.

Add 1.50% to the start rate for properties located in: CT, DE, FL, HI, IA, ID, IL, IN, LA, ME, NJ, NM, NY, OH,
Location Add-on
OK, PA, SC, or WI.

Underwriting Guidelines
Lending Locations Nationwide (For ineligible locations contact your Account Executive for details.)

Experience *First Time Investor = Tier 3. MAX 70% LTV

Income Verification Simple Documentation.

Down Payment Must be sourced.

Appraisal Process Contact your Account Executive to learn about our streamlined process and cost.

Impounds None.

Foreign Investors 65% maximum LTV.

*See licensing matrix for broker requirements. This marketing is not intended for consumer use. Effective 6/1/18
Fast50 Designed for investors with derogatory credit issues and high equity seeking
quick and easy credit qualification.
Loan
Key Features
A low LTV loan with easy • Great for borrowers with a recent bankruptcy or notice of default.
credit requirements. • No seasoning of ownership required.
• Improved pricing compared to our FlexPerm program.
• Derogatory mortgage history is okay.

Property Types, Terms & Rates

Investor 1-4 Multi-Family & Mixed-Use Commercial (Office, Retail, Ware-
Condo, & 2-4 Units (5+ Unit Multi-Family & Mixed-Use ) house, Self-Storage & Automotive)
Fixed Term 3-Year 8-Year 3-Year 8-Year 3-Year 8-Year
Loan-To-Value Max 50% Max 50% Max 50% Max 50% Max 50% Max 50%
FICO ≥ 750 6.74% 7.49% 6.99% 7.74% 7.49% 8.24%
FICO 700-749 7.24% 7.99% 7.49% 8.24% 7.99% 8.74%
FICO 650-699 7.74% 8.49% 7.99% 8.74% 8.49% 9.24%
FICO 620-649 8.24% 8.99% 8.49% 9.24% 8.99% 9.74%

General Guidelines Add 25 BPS to the rates shown below for all refinance transactions.
Purpose Purchase, Rate-Term Refinance, Cash-Out Refinance
$75K - $5MM
Investor 1-unit max loan amount is $1.5MM.
Loan Amounts
Investor 2-4 max loan amount is $2MM.
Min loan amount on Traditional 1&2 is $100K.
Term 30-year term, with loans fixed for first 3 years or 8 years
Amortization 30-year fully amortized loan
Credit Score 620 minimum (mid FICO)
Rebates 1-point rebate = .50% add-on to rate (Max rebate 2%. > 1YSP = 5% prepay)
Index / Margin / Caps WSJ Prime + 5%. Rate Caps = 2/1/6
Prepayment Penalty Residential 1-4: 3-year fixed = 3%, 3%, 3%, or 8-year fixed = 3%, 3%, 3%, 3%, 3%
Multi-Family, Mixed-Use and Commercial: 3-year fixed = 5%, 5%, 5%, or 8-year fixed = 5%, 5%, 5%, 5%, 5%
Minimum prepay on
1-6 residential units in NJ = no prepay, add 1% to rate
all loans = 1 year
1-4 residential units in NM = no prepay, add 1% to rate
Prepayment Buydown(s) For each year of buydown, add 1% to start rate OR 1% in fee.
Rate Buydown 1-point fee = .50% rate reduction (Maximum rate reduction is 1%) | Minimum Rate 5.24%.
Prepayment Buy Up Reduce rate by .25% for each year added.
Broker Compensation Maximum is 5% of the loan amount, including broker fees.

Underwriting Guidelines
Lending Locations nationwide. (For ineligible locations contact your Account Executive for details.)

Experience First time buyers are ineligible for investment 1-unit properties.

Bankruptcy/NOD Discharge 1 day.

Mortgage Lates Okay.

Title Seasoning 1 day.

Income Verification Simple documentation.

Appraisal Process & Fee Contact your account executive to learn about our streamlined process and cost.

Impounds Required for property taxes & insurance.

Foreign Investors Okay.

Rate Add-Ons Add 25 bps to the residential 1-4 rates for the following states: NY, PA, CT, NJ, FL.

*See licensing matrix for broker requirements. This marketing is not intended for consumer use. Effective 6/1/18
 Ryan Elmore
Senior Account Executive
Velocity Mortgage Capital
m. 805. 210-0302 o. 818.483.1824
e. relmore@velocitymortgage.com

VelocityMortgage.com
For Conditional Loan Approvals 24/7, enter your loan
scenarios through our Online broker portal at:
www.generatevelocity.com

Los Angeles Boston Irvine Washington, D.C.

30699 Russell Ranch Rd. 2 Hampshire St. 250 Commerce 10440 Balls Ford Rd.
Suite 295 Suite 102 Suite 210 Suite 180
Westlake Village, CA 91362 Foxborough, MA 02035 Irvine, CA 92602 Manassas, VA 20190

Miami Philadelphia Seattle Austin

9155 South Dadeland Blvd. 550 Pinetown Rd. 11241 Willows Rd., NE 7000 North Mopac
Suite 1412 Suite 170 Suite 120, Bldg. C Expressway, 2nd Floor
Miami, FL 33156 Fort Washington, PA 19034 Redmond, WA 98052 Austin TX, 78731

For more details on our loan programs or to submit a loan

request by telephone, please contact your account executive.

Ryan Elmore
Sen ior Acc oun t Exec uti ve
Velocity Mortgage Capital
p. 818.483.1824 | c. 805.210.0302
e. relmore@velocitymortgage.com
GenerateVelocity.com

All rates, programs and pricing subject to change at any time. This rate sheet is intended for use by mortgage professionals only and is not an advertisement under section 226.24 of Regulation Z. It is not
intended for use by the general public. Loans (in CA) will be made pursuant to California Finance Lenders License #603A366. © 2018 Velocity Mortgage Capital, LLC. All rights reserved.
An uncomplicated option with flexible underwriting and longer terms.

Key Features

A higher LTV alternative to hard money

Key Features

A low LTV loan with easy credit requirements

Key Features

The best short-term solution for improving property value

Key Features