Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.


We Finance Unique Scenarios

Nov 28, 2017

Lending Challenge

As a Realtor, you know not everyone fits the perfect mold for a new mortgage. Some clients have successful investment properties, but not enough cash for the full 20% down payment on a new property. This was the case for “Liam’s” client “Suzanne” who was purchasing a new $1MM investment property. Unfortunately, Suzanne couldn’t find a lender that could meet her limited down payment needs.  Liam knew Suzanne was more than financially qualified for this mortgage and wanted to seek out a solution to her problem. Liam then made the call to BofI USA.


Our Solution

We take in a number of factors to build a new mortgage that fits the borrower’s current situation. Suzanne’s other successful investment properties were all owned outright. BofI USA was able to create a mortgage that allowed Suzanne to put down 10% in cash and utilize another property as collateral to offset her down payment. This creative solution ensured we had sufficient funds to secure Suzanne’s mortgage, while allowing her to continue building a successful investment portfolio without liquidating assets. Suzanne was able to obtain her new property; Liam helped a client find the right lender; and BofI USA was able to provide the best solution for another borrower.