Financing Questions
Clear answersbefore the next step.
General information about consultations, lending programs, documentation, qualifications, and timing for California financing requests.
Schedule ConsultationThe Process
Starting a financing conversation
How does a consultation work?
A consultation begins with a general discussion about your financing goal, property or business, estimated amount, and timing. It is not an application, approval, rate quote, or commitment to lend.
What documents may be required?
Requirements vary. A lender may request identification, income and asset records, tax returns, property information, purchase or payoff documents, leases, entity records, business financial statements, budgets, or an exit strategy.
How long does the financing process take?
Timing depends on the financing type, lender, documentation, appraisal or third-party reports, underwriting, title, and closing conditions. A closing date is not guaranteed unless confirmed in writing by the applicable parties.
How do credit and other qualification factors affect a request?
Credit is one factor. Lenders may also review income, assets, reserves, equity, collateral, property or business cash flow, experience, and the proposed repayment or exit plan. Qualification cannot be determined from one factor alone.
Does Mortgage Bankers Corporation serve California borrowers?
Mortgage Bankers Corporation serves clients across California from its Los Angeles office. Program and property eligibility vary by lender, location, borrower, and financing purpose.
Does a consultation or submission guarantee approval or terms?
No. Approval, rates, fees, payments, terms, and funding are not guaranteed. All financing is subject to application, verification, underwriting, property review, lender requirements, and program availability.
Property Financing
Residential and real estate questions
What residential loan options may be available?
Residential options may include purchase, first-time home buyer, multifamily, and jumbo financing. Available programs and requirements depend on occupancy, property type, borrower qualifications, and lender guidelines.
What should I consider when refinancing?
A refinance should be reviewed in light of the current loan, desired rate or term, cash-out goal, property value, costs, break-even period, and qualification requirements. A lower payment or rate is not guaranteed.
How is commercial real estate financing evaluated?
Commercial real estate financing may consider property value and use, occupancy, leases, net operating income, debt-service coverage, borrower experience, business cash flow, equity, and the requested loan structure.
What is reviewed for a construction loan?
Construction financing may require plans, permits, a detailed budget, contractor information, borrower experience, project equity, draw controls, appraisal or feasibility review, and a clear completion and repayment strategy.
How is investment property financing evaluated?
Investment property financing may consider rental income, leases, market rent, property expenses, debt-service coverage, property condition, equity, reserves, borrower experience, and the requested loan purpose.
Business & Specialty
Business, SBA, bridge, and hard money
What can business financing support?
Depending on the program, business financing may support eligible equipment, working capital, expansion, acquisition, or other business needs. The lender will review the business purpose, cash flow, credit, collateral, and repayment capacity.
How do SBA loans work?
SBA financing is offered through participating lenders and is subject to lender underwriting and SBA program requirements. Discussing an SBA option does not guarantee eligibility or approval.
What is a bridge loan?
A bridge loan is generally short-term financing used for a temporary timing or transition need. The lender typically reviews collateral, equity, repayment ability, and a credible exit strategy. Terms and costs vary.
What is hard money financing?
Hard money financing is commonly more asset-focused and may be used for eligible real estate scenarios that require a different approach from conventional financing. It can carry higher costs and is not appropriate for every borrower.
Need More Context?
Talk through your financing goal.
Share general information about the property, business, amount, and timeline. Please do not send Social Security numbers, bank credentials, or other sensitive information through a general message.