Loan Programs for the Real World
In today's world, traditional financing doesn't always fit everyone's needs. At Castor Financial, we believe in real-world solutions. That's why we offer a suite of innovative loan programs built on alternative financing with common sense. We understand that borrowers' financial picture are unique, and we're here to help you achieve your goals with flexible options and personalized support.
ASSET DEPLETION
Castor Financial’s Asset Depletion Program rewards applicants who have shown the propensity to save. Every dollar saved or invested may be converted into an additional income stream, increasing the applicant's income for loan eligibility. The end result, lower DTI ratios and eligibility for larger loan amounts, helping more applicants qualify for the loan that they need.
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Primary, Secondary, or Investment Properties
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Purchase, Refinance & Cash Out Transactions
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Loan Amounts to $3,000,000
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Interest Only Options Available
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Blend with W2, Tax Return, and Bank Statement Income
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No Pledging or Collaterlization of Assets Required
NO RATIO
Castor Financial’s No Ratio Program is an Asset Based Loan that streamlines eligibility with no requirement for Income or Employment verification. The applicant's Savings, Investments and Retirement accounts are only verified to support the applicant's ability to repay the loan. There is no requirement to access, draw or pledge any of the accounts, giving the applicants the freedom to continue with their savings and investment strategies while still retaining access to their capital fully intact.
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Primary, Secondary, or Investment Properties
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Purchase, Refinance & Cash Out Transactions
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Loan Amounts to $3,000,000
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Interest Only Options Available
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Income NOT Required
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Employment Not Required
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No Pledging or Collaterlization of Assets Required
DSCR
Castor Financial’s DSCR Program is designed to streamline the loan process for Real Estate Investors. With the ability to pull out cash with no income testing or acquire new properties with only the down payment, our DSCR Program is a fast and simple way for your clients to build their wealth in real estate.
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Investment Properties ONLY
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Purchase, Refinance & Cash Out Transactions
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Loan Amounts to $2,000,000
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Income NOT Required
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Employment Not Required
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Qualify with existing or average market rents
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Airbnb & VRBO Rent Verifications OK at 100% Utilization
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No restriction on the number of properties owned
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Closing in the name of a Business Entity OK
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Interest Only Options For Cash Flow Management
BANK STATEMENT
Castor Financial’s Bank Statement Program applies a common sense underwriting approach to loan eligibility. Tax Returns are not required. The applicant's business banking deposits are used to verify their ability to repay the loan. Combine this with an Asset Depletion income stream to make financing for the self-employed simple and fast, allowing these applicants to get approved for the loan that they need.
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Primary, Secondary, or Investment Properties
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Purchase, Refinance & Cash Out Transactions
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Loan Amounts to $3,000,000
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Tax Returns NOT Required
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Interest Only Options Available
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Blend with W2 and Asset Depletion Income Streams