Upen Patel – The Federal Savings Bank

Specialties

I am a National Lender I can originate loans in ALL 50 states.

* In-​house underwriting and funding

* Express Loan Approval — unique pre-​underwriting product that will allow you to put in an offer without any financial contingency.

* Jumbo & Super Jumbo

o 90% LTV (1^st and 2^nd trust) up to $ 1.5M

o 85% LTV up to $ 3M no MI

o 90% LTV up to $ 5M (w/​pledged assets) — higher on case by case basis

o 60% LTV up to $ 5M

o 50% LTV no loan limit

* Residential portfolio loans

o Foreign National loan (primary residence, 2^nd home only and investment)

o For individuals with derogatory credit — bankruptcy, short sale, foreclosure, deed in lieu — NO wait

o For investors who want the peace of a 30 yr fixed loan, but have used up the 10 conventional loans

o Title in LLC/​S-​Corp

o 24 month bank statement loan

o Asset depletion loan

* Condo/​Non-​warrantable Condo/​Co-​Op/​Condotel — We have a dedicated condo department that I run every deal through beforehand. No surprises.

* Loans for self-​employed/​business owners/​1099/​K-​1

* Construction loans for Owner Occupied property and Spec build for established builders.

* Rehab loans to cover purchase and rehab for Owner Occupied property.

o Conventional and FHA 203(k)

* We are investor friendly and have No/​min overlays

o Can do up to 10 conventional loans per individual

o Rental income credit with lease (no need to wait for a tax return)

o 6 month seasoning to do cash-​out refi

o Delayed financing