Arc Home LLC
224 Strawbridge Drive, Suite 200, Moorestown, NJ 08057
www.archomellc.com
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
17,923
Total loans closed with Loan Factory (past 12 months)
14,516
Lender overview
Basic information
Government (FHA, VA, USDA) ARC Home LLC C/O * Flagstar Bank ISAOA/ATIMA P.O. Box 52198 Phoenix, AZ 85072-2198 *PLEASE NOTE: For AR, FL, IL, MO, TX and WI the lender name should be Arc Home Loans LLC; In Oregon the lender name should be Arc Home LLC, a limited liability company of Maryland. ---------- Conventional QM (FHLMC or FNMA) Jumbo Express/Prime ARC Home LLC C/O * LoanCare, LLC ISAOA/ATIMA P.O. Box 202049 Florence, SC 29502-2049 *PLEASE NOTE: For AR, FL, IL, MO, TX and WI the lender name should be Arc Home Loans LLC; In Oregon the lender name should be Arc Home LLC, a limited liability company of Maryland ----------- FNMA/FHLMC 30 YR Fixed Investment FNMA/FHLMC 30 YR Second Home LoanCare, LLC ISAOA/ATIMA P.O. Box 202049 Florence, SC 29502-2049 -------- Access Non-QM Edge, Elite QM Elite Jumbo 30 YR Conventional Investment (non FHLMC/FNMA) Shellpoint Mortgage Servicing ISAOA ATIMA P.O. Box 7050 Troy, MI 48007-7050
Closing Protection Letter Arc Home LLC ISAOA/ATIMA 224 Strawbridge Drive, Suite 200 Moorestown, NJ 08057 -------- Proposed Insured on Schedule A of Title Arc Home LLC ISAOA/ATIMA
Lock policies & Fees
Lock Policies
.02 in price per day up to a 30 day max
Loans will be subject to worse case pricing at the time of re-lock plus a relock fee of 25 bps along with all prior extension fees for locks expired less than or equal to 60 days. After 60 days, loans are permitted to re-lock at current market with no re-lock fee or prior extension fees.
Lender's niche & Overlays
We offer a full array of alt doc programs and QM programs that have extremely competitive pricing with quick turn times. We specialize in transactions including but not limited to: 1099, bank statement, P&L, DSCR, full doc jumbo, excessive cash out, unique properties including condos and condotels, rural homes on alt doc options, and HELOCs.
· Our unique Arc Elite QM programs with Non-QM features, up to $3.5 - 4.0 Million loan amount for better than Non-QM pricing. Can get up to $1 million net cash out to the borrower. Flyer is attached.
· Asset Utilization. This income can be combined with other income to help with qualifying.
· DSCR investment program that does not require Landlord history or employment income for qualifying. DSCR Ratios go as low as 0.75. IO program is available. IO payment can be used for DSCR ratio calculation. Many States which do not require an LO License.
· 1 year tax returns available for self-employed borrower who has been in business for 2 years instead of Agency 5 years requirement.
· Non-Warrantable Condo programs available.
· Mixed-use properties allowed.
· Jumbo ARM and IO programs are available.
· Only one appraisal required for loan amount up to $2 million.
· CPA P&L and WVOE programs.
We have very few overlays.
Conventional Overlays link:
Government Overlays Link:
Lender turn time
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