Rate Hero

About Rate Hero

Rate Hero is a mortgage financing company founded by Sean Davoodian with the mission to revolutionize the industry by serving borrowers overlooked by traditional lenders. They specialize in strategic financing for real estate investors and self-employed individuals, offering solutions that bypass conventional W-2 requirements. The company emphasizes speed, transparency, and a borrower-centric approach, aiming to provide a faster, more accessible, and less stressful mortgage experience. With a leadership team that has personally funded over $300 million and served more than 1,000 clients, Rate Hero brings extensive experience to the table, focusing on complex borrower situations and efficient closing processes.

Why Choose Rate Hero

Rate Hero distinguishes itself by prioritizing the borrower over the bank, offering a streamlined process with an average closing time of 21 days, significantly faster than industry standards. They cater to complex borrower profiles, including self-employed individuals, investors, foreign nationals, and those with lower credit scores, providing programs that traditional banks often deny. Radical transparency is a core value, ensuring no hidden fees or bait-and-switch tactics. Additionally, they facilitate loans for LLCs and other entity structures, allowing investors to keep properties off their personal credit, backed by a leadership team with substantial prior funding experience.

Rate Hero Offers

Rate Hero provides a comprehensive suite of mortgage loan programs designed for investors and self-employed borrowers. Their offerings include DSCR loans for long-term rentals, requiring no income documentation and qualifying based on rental cash flow. They also offer Non-QM loans for those who don't fit traditional guidelines, accepting bank statements, P&Ls, or assets. Conventional, FHA, and VA loans are available for qualifying borrowers seeking competitive rates. Additionally, they provide HELOCs for accessing home equity and specialized Short-Term Rental loans for Airbnb and VRBO properties, utilizing actual platform income or projections for qualification. Foreign National loans are also available for non-residents investing in US real estate.

Unique Advantages

Rate Hero boasts a 21-day average closing time, significantly faster than typical lenders. They specialize in complex borrower situations, including self-employed individuals and investors, offering programs that banks often reject. The company operates with radical transparency, ensuring no hidden fees or misleading rates. Furthermore, they facilitate loans for LLCs and other entities, providing an added layer of financial flexibility for investors.