Welcome Mortgage Brokers
Thank you for taking the time to learn about the Wrightwood
Correspondent Program. Our program offers mortgage brokers
seeking loans for multi-family (5+ units), mixed use, and mobile
home parks the opportunity to receive their usual broker fee while
providing their customers competitive loan rates to those of local
banks and direct commercial lenders. We protect and pay our
brokers all of the origination the borrower pays at closing and, at
times, rebates with applicable programs. See This Week's Rates
for details.
Mortgage brokers are invited to receive weekly rates and program
updates via E-mail once a week. Please click here to sign up:
Broker Registration or enter your email address below.
The multifamily loan program exists for loan amounts between
$500,000 and $5 million with loan to value up to 80%, 30 year
term/amortization, no balloon payments, no reserves collected for
repair and maintenance, and no defeasance or yield maintenance
pre-payment penalty. In addition, fixed third party and processing
costs of $3,500 for apartments and $5,500 for mobile home parks
make this program attractive to potential investors.
Interested in this program? Click here to learn how the Wrightwood
Correspondent Program works.
