First Circle provides residential term mortgage financing to borrowers that, for a multitude of reasons, do not meet typical institutional underwriting criteria. We are common sense lenders and are able to facilitate both first and second mortgages for terms of up to two years. Our most popular product is a one year term loan that enables the borrower to re-establish their credit worthiness. At maturity the borrower is often able to refinance their property institutionally at prime rates. Please note that we are equity based lenders and that our maximum loan to value is 75%.
Obstacles that we can overcome include:
- Impaired credit
- No proof of income
- Recently discharged bankrupts
- Non-residents
- Corporate borrowers
- Equity take-outs
- Debt consolidations
- Spousal buy-outs
- Rental properties
If you have a mortgage financing situation that can’t be solved through traditional institutional lenders, give us a try. We’re common sense lenders, our pricing is competitive, and we promise quick answers and fast turnaround!
