There are numerous other loan programs, far too many to mention here. If there is one in particular you are interested in, please contact us today or fill out our on-line application.

With so many loan choices, how do you pick the right one? This section highlights the loan choices available through TBALending.com, so you can compare and decide which one best fits your financial future. Visit FAQ's & Calculator for helpful information on the loan process and determining what you can afford.

Buying A Home...

TBALending.com rolls out the red carpet for people who are buying a home. Our mortgage brokers offer a free analysis that will enable you to be pre-approved for a loan. This analysis is based on your credit, income and down payment. Even if you don't have a house picked out, you can obtain an approved loan amount!

Our Mortgage Brokers provide quality service and innovative mortgage programs for the more difficult loans. We also provide the most competitive rates in the industry and believe that service to our clients is of the utmost importance.

True No Income/No Asset Loans...
Let the professionals help you take advantage of the only TRUE no income / no asset loan in the industry. They have financing specifically arranged for those special borrowers who require privacy when it comes to their earnings. Self-employed and salaried employees will qualify. Save yourself the hassle and headache of trying to explain your way around past income fluctuations, sporadic employment or a career change. Best of all, for those in cash businesses, there is no need to sign a form 4506. It truly is the best money available. With rates starting as low as 1.95% for loans up to $500,000, this is definitely the way to go!

Poor Credit and Non-Conforming Loans...

Our company is an industry leader when it comes to getting the tougher loans closed. Many of the loans the y assist in funding are of the nonconforming nature. In today's economy, hardly anyone has perfect credit. Over the period of our lives, at one time or another, we will experience financial difficulties. If you have had slow credit, mortgage lates, bankruptcies, and even foreclosures, they have a program for you.

Our company offers a wide variety of lending options. Whether a purchase, refinance, home equity loan/credit line, or new construction. They obtain interest rates from a wide variety of lending institutions and put you in the program that suits your needs.


Conforming and Non-Conforming Banks / PMI
Depending on a borrowers qualifications they can go to either a conforming (typical name brand local and national banks i.e.: Webster, First Union, Peoples Bank, etc.) or a non-conforming bank (Lending Institutions that normally have private investors). Interest rates are generally lower at a conforming bank, but have more guidelines, restrictions, and PMI for loans over 80% of the subject properties value. Interest rates are slightly higher at non-conforming banks, but they are more flexible on their conditions and they do not charge PMI.

PMI = Principle Mortgage Insurance. This is a policy the Conforming bank requires the borrower to purchase in the event the loan is over 80% of the subject properties value. The Insurance pays 20% of the loan to the bank in the event the loan is defaulted on.

Both conforming and non-conforming lending institutions have 80%/90%/100% loan programs (as well as in between). A borrowers credit will determine which lending institution they can qualify with. Interest rates are generally higher as the LTV increases.

Fixed-Rate Mortgage
When interest rates are low you want to lock into a fixed rate and take advantage of the long term benefits of paying lower interest. This is the best option if the future looks like interest rates will be on the rise.

Adjustable-Rate Mortgages
At the time of your initial finance, adjustable rate mortgages are initially lower than a fixed rate mortgage, but will increase over a few years. Adjustable rate mortgages are good if your immediate financial situation requires a lower payment or if your credit needs improvement and your looking to get yourself established in a mortgage. Once someone establishes a mortgage payment history, and if fixed interest rates have gone down, borrowers usually refinance into a fixed interest rate.

30-year/15-year/10-year
The shorter the term of the loan means the less interest a borrower pays over the term of the loan saving the borrower money. Borrowers should keep in mind that the shorter the loan term the higher the monthly mortgage payment.

Full Doc or Stated
Full documentation means the borrower is going to provide detailed employment, income, and financial information and it will be verified by the lending institution. Stated means the borrower is going to State their employment, income, and financial information and it is not verified by the bank. Borrowers generally need a higher credit score in order to qualify for most Stated programs. Interest rates are generally higher for Stated program, but it may be the program for you if you are self employed or want to obtain the house you desire.
  
Option ARMs (Adjustable Rate Mortgages)
The most popular ARM is a flexible financial tool that helps make your money work for you. Choose from four different payment options every month.
 
Traditional ARMs (Adjustable Rate Mortgages)
These loans begin with an interest rate that is lower than a comparable fixed rate mortgage, but the rate changes at specified intervals. Start with the stability of a fixed-rate mortgage then convert to the flexibility of an ARM. Choosing an ARM with an index that reacts quickly lets you take full advantage of falling interest rates. Most ARM's have a low introductory rate, which is good anywhere from 1 month to as long as 10 years.
 
Fixed-Rate Mortgages
The most common type of mortgage program where your monthly payments for interest and principal never change. Enjoy stable monthly payments.
 
Home Equity Loans and Home Equity Lines of Credit
A flexible and convenient way to tap the equity in your home.

Reverse Mortgages
A Special type of loan made to older homeowners to enable them to convert the equity in their home to cash to finance other needs.

Balloon Mortgages
Short term mortgages that have some features of a fixed rate mortgage.

Interest Rate Buy Downs
The buyer would pay points above current market points in order to pay a below market interest rate during the first two years of the loan. At the end of the two years they would then pay the old market rate for the remaining term.

Cost of Funds Index (COFI)
The ratio of the dollar amount paid in interest during the month to the average dollar amount of the funds for that month constitutes the weighted average cost of funds ratio for that month.

Graduated Payment Method (GPM)
With a GPM the payments are usually fixed for one year at a time.

Choosing the best program and the right type of mortgage for you depends on many different factors.

Commercial Loans

TBALending.com can help you with Commercial Loans, Business Loans, Commercial Mortgages, Commercial Real Estate Loans, 100% Commercial Loans, Hard Money Loans, Asset Based Loans, Factoring, SBA Loans, Small Business Loans, Venture Capital, Joint Venture, Bridge Loans, Mezzanine Loans, Private Equity Loans, Owner Occupied Loans, Income Producing Loans, Real Estate Portfolios.

Major Property: Apartment, Condo, Office, and Industrial Buildings. Hotels, Gas Stations, Restaurants, Churches, Shopping Centers, Medical Buildings, Warehouses, and More...

Construction & Development: From raw land to completion.

SBA/SBIC Guaranteed Loans

Bridge: Funds in days to restructure and reposition.

Hard Money:  For those hard to place loans.  Funds quickly.

Types of Loans: Permanent, Forward, Standby, Equity,Joint Venture, Debt, Mezzanine, Non-Recourse, Private Lender Loans, Institutional.
Any type of Loan!

How the Smart Lending Commercial Process Works:
  Step 1:  Submit the Loan Request Online.
  Step 2:  Our Banks/Lenders pre-qualifies your project.
  Step 3:  Lender Agreements and Contracts Executed.
  Step 4:  Loan Package is structured, Emailed or Fed/Ex’d.
  Step 5:  Loan Offer Secured.
  Step 6:  Loan Commitment and Loan Closing.

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