Alternative Owner-Occupied Home Loan Solutions
As the nation’s largest Mortgage Broker, C2 Financial Corp. closed almost $14 billion in loans last year. Chances are if there is a loan program to meet your needs, we are able to provide it. We have strong relationships with some of the nation’s largest mortgage lenders and also work with many smaller niche lenders including banks with unique lending programs. This ensures we have the tools to help you with your mortgage needs.
The following list will provide you with a general idea of the many programs and guidelines we offer. We don’t expect you to become an expert in the mortgage business so we’re not going to bore you with mortgage industry terms you may or may not have ever heard. We’re here to explain the programs and guidelines to you, and find those that meet your needs! Please contact us with a description of what you’re trying to do and we will brainstorm to accomplish that in the best possible way. If you don’t find your particular situation listed, don’t despair – We may still have a solution for you!
Property Geographic Area Details
Tax Return Income: Many high-net-worth individuals have complicated tax returns, so it’s not always easy to determine what their “income” is. We have gotten loans closed where our borrowers had gone to several other bankers/brokers previously and were turned down. We were able to review and simplify the tax return income and worked with senior underwriters to get loans approved and closed!
Bank Statement Income: We can use Self-Employed Borrowers’ business and/or personal bank statements to document the income needed to qualify for a loan. Bank Statement Programs typically ask for 3, 6, 12 or 24 months of bank statements. The longer the income period you can document up to two years, the better the resulting rate. There are many Bank Statement Loan Programs
Foreign National Loans: Are available and will depend on the type of visa you have, the income you can document, and if we can produce some sort of credit report.
Unique Properties: We can provide loans for rural, equestrian, high acreages and even working farms and ranches.
Bridge Loans: Are typically available for less than one year. It is important to have an exit strategy from the bridge loan, i.e., selling the property or having a clear plan to qualify for long-term financing.
Reverse Mortgages: Reverse Mortgages are available in many situations for Seniors and do not require any repayment of the loan until one year after the youngest borrower has left the property. Some programs now qualify seniors as low as 55 years old.
Credit Issues: We are able to review your credit report to see if we can find some commonsense ways to improve your credit score, resulting in a better loan!
Construction Loans: We are able to provide financing for owner occupied construction loans.
Mixed Use Property: Includes a Residential and a Commercial Component. Often one of the most difficult type of loans to close, we have sources that will lend on Mixed Use Properties.
High Loan-to-Value for Refi or Purchase: We have FHA and other loan programs that will go to 96.5%. Some of them will also accept low credit scores.
VA Loans: We offer a wide range of loans for active duty or retired Veterans. These include purchases, refinances (including the IRRRL streamlined refi), and loan amounts as high as $3,000,000.
Jumbo loans: We offer a wide variety of jumbo loans, which are typically larger loan amounts. We can offer great rates to A paper borrowers and also those in other categories. That includes bank statement income, credit issues, and higher LTV.
- Residential Owner-Occupied
C2 Financial Corp. Testimonials
Borrower hadn't made payment on 2nd for 14 years
"I wanted to let you know what a gem Ilan is. His honesty, intelligence and creative problem-solving skills enabled me to refinance my first and 2nd (HELOC). Without his guidance, I would have had to sell my home which I had lived in for 35 years. My set of circumstances were "unique", so many banks would not approve a loan. Ilan's approach was to analyze the strengths of my situation and present it in the best possible light to the underwriters. He was right on top of the process with any requests from the underwriter. He also saw things we might need, even before it was requested, so we could be ready to submit the correct documents on time. In addition, he was an extremely skilled negotiator in dealing with the servicers of the HELOC who eventually agreed with our proposal to take less than they were owed. To me, it was a miracle that I was able to refinance! And it was all due to Ilan. Ilan's comments: This borrower hadn't made a payment on her 2nd mortgage for 14 years, although other debt was paid as agreed. We got her a 30 year fixed rate debt consolidation loan at 3.75%, paying off her 1st, 2nd, car loan, and consumer debt. "
C2 Financial Corp
85% Loan-to-Value on Bank Statements to qualify
"I have known Ilan for most of my life and have seen him in many roles, always playing a constructive and competent part. In the past 20 years, Ilan has been instrumental in our purchasing of two homes, and his guidance, advice and follow-through have been exemplary. When we were looking to finance our latest home in a volatile South California market, Ilan went out of his way to bring together all realtors, insurance parties and financial interests to get us the best possible and easiest home purchase. If you are about to purchase or refinance a home, I recommend Ilan and his team unreservedly. Sincerely, C. Ilan's comment: 85% LTV purchase using Bank Statements - This couple runs a very successful on-line and phone consulting business out of their home. The business earns excellent income but like many small businesses, they expense out most of their income. We put together a $1.1M, 85% LTV purchase loan based on their business bank statements. "
C2 Financial Corp
Fair Credit and Bank Statements
""I was so lucky I found Ilan at C2 Financial! As a self-employed entrepreneur, many mortgage companies would not assist me in obtaining a home mortgage since self-employed individuals are considered complicated regarding verifying income etc. Ilan is a highly experienced mortgage broker and has been in the financial and mortgage industry for 20+ years. He guided me through all the red tape and strict requirements that lenders now insist upon. Ilan was kind, patient and kept things light with his humor. Ilan prepared me 2 months ahead of time to get into the position to make an offer on our dream home with a 14-day escrow period. He made sure I had all my ducks in a row in a highly competitive real estate market. I am now writing this testimonial from my dream home and have Ilan to thank for that!" K.B. Ilan's comment: $1.2M purchase - Only fair credit and bank statements to qualify- These borrowers didn't believe they could get a purchase loan as they only had fair credit. We used their pet sitting business bank statements to prove their income and got them a 30 year fixed rate loan for $984,000 loan amount at 80% LTV. "
C2 Financial Corp
High earner with sporadic income payments
"10/15/2021 Ilan was amazing to work with! I’m a tough case being an independent contractor and have multiple avenue streams. He made it work when others couldn’t. I highly recommend him and his professionalism! Thanks Josh - Ilan's comments: This international sports figure earns money from endorsement deals around the world, but the payments are sporadic. Nevertheless, we were able to put together a loan package that got him a $1,000,000 cash out on a 30-year fixed rate at 4%. "
C2 Financial Corp
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As the #1 ranked Mortgage Broker in the USA, C2 Financial Corp. offers you expert, personalized service and access to virtually every possible loan program. We have strong relationships with some of the nation’s largest mortgage lenders and also work with many smaller niche lenders including banks with unique lending programs. We have the tools to help you with your mortgage needs. Rather than fit you into a lending box, your Senior Loan Consultant, ilan Awerbuch, will take time to find out your needs, and then identify the mortgage loan products that meet those needs.
C2 Financial closed almost $14 billion in loans in 2022, which gives us access to preferred pricing and service from our lending partners, resulting in superior pricing and a better experience for you. Chances are if there is a loan program to meet your needs, we are able to provide it. Whatever your situation regarding credit, income documentation and/or assets, we’ll listen first and then discuss loan programs that can meet your needs…
Your Personal Senior Loan Consultant ilan Awerbuch, has worked as a Mortgage Banker/Broker for over 30 years. When you combine that level of expertise with his individualized personal attention, the result is a very satisfied client. Ilan has closed every type of residential mortgage loan for his clients: business owners with complicated returns, self employed borrowers using bank statements, great credit and not so good credit, 1st time buyers, Reverse Mortgages, foreign nationals, veterans, and unique properties.
You’ll get to work one-on-one with him to get the best results for you…
- Association of Independent Mortgage Experts - Company
- CA Association of Mortgage Professionals - Company and Individual
- CA Mortgage Association - Individual
- National Assocation of Mortgage Brokers - Company
Office Locations10509 Vista Sorrento Parkway, Suite 400, San Diego, California 92121
NMLS ID - 326580
CA DRE Lic. - 01107922
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What We Do
- Consumer Home Loans in California
- Rural Properties
- Farms, Ranches and High Acreage
- Bridge Loans - Buy Before You Sell
- Ground-Up Construction Loans
- NO Land Loans
- NO Commercial Properties
- NO 100% Financing