American Prime Rate LLC.

About American Prime Rate

American Prime Rate is a licensed mortgage professional company specializing in DSCR, Non-QM, and hard money loans for real estate investors, self-employed borrowers, and homeowners. They offer a range of traditional home loan options as well. The company focuses on providing tailored solutions for deals that may not fit conventional lending boxes, emphasizing a personalized approach with licensed loan experts who guide clients through the process from initial consultation to closing. Their mission is to match clients with the right loan product efficiently and transparently, ensuring they understand their options and the requirements before committing.

Credentials & Expertise

American Prime Rate operates under NMLS# 2421810, signifying compliance with national mortgage licensing standards. They highlight their team of licensed loan experts who provide one-on-one guidance, ensuring a high level of professionalism and expertise. The company emphasizes its ability to compare multiple loan programs, including DSCR, Non-QM, hard money, and conventional options, to find the best fit for each client's unique financial situation and property deal. This commitment to expert guidance and a wide array of loan products positions them as a trusted resource in the mortgage industry.

Offerings

American Prime Rate offers a comprehensive suite of loan products designed for various borrower needs. For investors, they provide DSCR loans, which qualify based on the property's rental cash flow rather than personal income, and Non-QM loans for self-employed individuals or business owners using alternative income documentation like bank statements or P&Ls. They also offer Hard Money loans for time-sensitive, asset-based bridge financing. For homeowners, options include purchase loans, refinance loans, reverse mortgages for eligible seniors, conventional loans, FHA & VA loans for low-down-payment options, and HELOCs for accessing home equity. They facilitate a process where clients share their scenario, and an expert matches the deal to suitable loan options.

Unique Advantages

American Prime Rate distinguishes itself through its specialized focus on DSCR, Non-QM, and hard money loans, catering to non-traditional borrowers. They emphasize a one-on-one approach with licensed loan experts, ensuring personalized guidance throughout the loan process. The company offers a comparison of over 9 loan programs, providing clients with a clear understanding of their options. Their process is designed to provide a straight answer on loan suitability quickly, minimizing the guesswork for borrowers.