US Mortgage Lenders

About US Mortgage Lenders

US Mortgage Lenders is a Hollywood, FL based private money lender. They provide funding in Florida and Georgia. They offer loans for many different needs and situations, including long term rental property loans, fix-and-flip loans, and commercial hard money loans. Their loan guidelines are flexible, including rates starting at 9.99% and loans with a maximum LTV of 70%. They will make loans on the following property types: single family homes, multi family residences, apartment buildings, office units, retail storefronts, hotels and motels, storage facilities, assisted living facilities, mixed use spaces, warehouses, industrial facilities, medical offices, raw land, and churches.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church

Areas Served: FL, GA

Licenses: NMLS#1108258

Lending Guidelines for US Mortgage Lenders

Below are the general loan guidelines published on the US Mortgage Lenders website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by US Mortgage Lenders.

Loan Example 1

Virginia takes a fix-and-flip loan from US Mortgage Lenders in order to rehab a condo to flip in Miami, FL. The sales price of the house is $280,000. The loan-to-value (LTV) on the deal is 70%. This means that Virginia will need to bring 30% of the sales price to the closing and the principle will be $196,000 on the deal. The loan is interest only, paid monthly, and is for 18 months at 14% interest with 1 points to be paid at closing.

Accordingly, the borrower will be required to contribute a $84,000 down payment plus pay a $1,960 origination fee. The monthly interest only payments will then total $2,287 to the lender. Virginia's intention is to finish the remodel within the 18 months and sell it for $392,000. If she succeeds she will earn a profit of $68,880 ($392,000 price - $196,000 principle - $84,000 cash at closing - $1,960 origination fee - $41,160 in interest.

Loan Example 2

Andrew locates a property in Miami, FL to renovate and sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from US Mortgage Lenders with the following parameters:

a) A $370,000 sales price, b) a 75% loan-to-value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 5% origination fee.

If Andrew accomplishes his goal of a $481,000 sales price, the numbers of the project would be the following:

$481,000 sales price
- $277,500 principle (75% LTV)
- $92,500 down payment (25% on 75% LTV)
- $13,875 origination fee (5% of the $277,500 principle)
- $30,525 total interest paid (12 months x 11% interest)
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= $66,600 gross profit (does not include taxes or rehab costs)