June Point Lending Inc.
776a 6th Avenue, 2nd Floor, Office 210, New York, NY 10001
https://www.junepointlending.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
June Point Lending Inc., ISAOA/ATIMA, 776A 6th Avenue, 2nd Floor Office 210, New York, NY 10001
June Point Lending Inc., ISAOA/ATIMA, 776A 6th Avenue, 2nd Floor Office 210, New York, NY 10001
Lock policies & Fees
Lock Policies
1.5 bps per day.
N/A
Lender's niche & Overlays
DSCR only at this time. 85% LTV on a purchase. 80% 2-4 Family. No Ratio option. DSCR ratio down to .75. Amazing technology (certainty at time of submission). Loan Amount up to $2.5M. Short-Term Rental Financing (75% on Purchase/80% on refi). Non-Warrantable Condo & CondoTel. First Time Investors allowed (must own primary).
Minimum FICO of 660. Minimum loan amount of $100,000. Reserves required (6 months PITIA - cash out counts towards reserves). No Non-Arms's Length transactions.
Lender turn time
2
2
2
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