Geo-Corp, Inc.
901 Corporate Center Drive, Ste 401, Monterey Park, CA 91754
https://geofunding.com/
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Total loans closed with Loan Factory
17,923
Total loans closed with Loan Factory (past 12 months)
14,516
Lender overview
Basic information
901 Corporate Center Drive, Suite 401, Monterey Park, CA 91754
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Lock policies & Fees
Lock Policies
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Lender's niche & Overlays
VOE ONLY 3.5% down, no income docs!
This program follows Hud guidelines!
· 3.5% down
· 620 Min fico
· DTI Max 46.99/54.99 – this is the only overlay
· 100% gift acceptable
· No W2’s, paystubs, 4506, or transcripts
· Borrower must be at job for at least 2yrs
· Employer must be easy to find online via 3rd party web presence (google, manta, etc..)
· Employer’s business license must be at least 2yrs old
· Income has to make sense, we use Salary.com to find the national salary range for the position
This is perfect for borrowers who have a hard time proving their income
· Bar Tenders
· Servers
· Construction workers
· Tow truck drivers
· Nail/ Hair tech’s
We offer 100% CLTV financing with FHA Down Payment Assistance, with very aggressive pricing!
There are 2 options for this program, A repayable 2nd or a Silent 2nd
· 600 min fico
· 2% BPC max origination
· No income limits
· 2nd mortgage on both options is 10yrs/120 months
· The Silent 2nd requires 100% on time payments, if 1 payment is missed the 10yrs start over!
· The Repayable 2nd carries a 2% higher rate that the 1st
· Not Available in NY, MA, or WA
· DTI is based on DU passing (57% backend seems to be the max)
· We take care of creating the 2nd internally
· Only 1 Borrower must complete Home education course (8hrs)
· The 3.5% would be due if the borrower Refi’s, or sells
VOE 3.5% down DTI overlay 46.99/54.99
DPA - BPC only 2% max
Lender turn time
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