If you’re a
mortgage broker,
you’re worth
more here.
Wholesale Portfolio Lending
Residential Lending Programs
We don’t just check boxes, and fill out forms. We look at your loan holistically. We provide flexible niche loan programs to ensure your success as a broker.
Communication is key. Being able to update your customers on timing for loan approvals and funding is crucial. We will get back to you quickly.
Deals close quickly and easily here. There’s always a way, when you have the resources and the skilled Account Executives of Luther Burbank.
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Cross Collateralization
When sufficient equity is available in the currently owned residence, borrowers may leverage a new loan across two properties.
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Delayed Purchase
Useful when an applicant has closed a recent transaction using cash or interim financing. The loan is treated as a purchase.
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Departing Residence
Helping borrowers purchase a new home, rental income from departing residence may be used to offset the mortgage expense.
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True Portfolio Lending
Loans are underwritten and closed for the Luther Burbank Savings portfolio. As the investor, we set our own guidelines. We do not have to adhere to the third-party investor guidelines.
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Non-Permanent Resident Alien
Securing a mortgage loan with a U.S. Social Security Number and acceptable Visa.
Financing subject to credit and collateral approval by Luther Burbank Savings. Loan programs subject to change without notice. NMLS# 449241