Loan Amounts
$250,000 to $10,000,000
Lien Position
1st
Collateral Types
  • Residential Property

Non-QM, Alt-Doc & Jumbo Loans

Fast & Easy alternative home loan solutions in 36 states, with great rates.

Primary Residences & Second Homes
Whether your a first-time home buyer or looking to refinance your existing mortgage on your primary residence or second home, we have the right program.

Investment Properties
Are you a seasoned real estate investor or purchasing your first rental property? We have deep industry experience and the right programs to meet your needs.

Knowledge at your fingertips
Innovative technology that’s personal and simplistic that keeps you informed with real-time loan status. A simple and secure “no red tape” experience.

GET STARTED


Owner-Occupied Loan Programs

Too many mortgage solutions can become overwhelming for some. Rest assured that our technology and Loan Concierge experts are there for you 24/7 to help you gain access to the best rates and programs you deserve.

30-Year Fixed
You can count on consistent mortgage payments for the duration of your loan. We recommend this type of loan if you plan on staying in your home for more than 7 years, have excellent credit and consistent income.

15-Year Fixed
Are you looking to payoff your mortgage twice as fast and pay less interest? You’ll have higher principal payments, but pay less in overall interest.

ARMs
If you are looking for a lower interest rate to reduce your monthly payment or plan to keep the property for less than 7 years, an Adjustable-rate mortgage (ARM) may be the right program for you. 3/1, 5/1, 7/1 and 10/1 ARM programs are available.

Jumbo
Our jumbo loans provide a great option for home buyers and real estate investors purchasing properties that exceed conforming limits. Fixed Rate, ARM and Interest Only options are available.

Non-QM
Are you self-employed, an entrepreneur or have irregular income? Our Non-QM loans are a great option for those non-traditional borrowers with complex tax returns, require bank statement underwriting, asset depletion or need to go stated. Chances are we have a solution for you.


Why Us?

We have relationships with the largest loan aggregators in the country that have the lowest cost of funds and the most flexibility.

Service
We foster a culture of partnership in which all clients are represented in a cooperative environment. Our team behind the scenes will be there every step of the way to ensure the best experience in the mortgage industry.

Technology
We are industry leaders and our process offers unparalleled speed, security and efficiency. We’re consistently working with our investors to ensure our clients have access to diverse financing options at a competitive rate.

Forward-Thinking
We are industry leaders and our process offers unparalleled speed, security and efficiency. We’re consistently working with our investors to ensure our clients have access to diverse financing options at a competitive rate.

24/7 Support
Communication is everything and we stand by our service. Whether you’re a first-time borrower or a sophisticated real estate investor, you can always connect with a NOREDTAPE expert to answer any of your questions.

We’ve streamlined the mortgage process to eliminate unnecessary fees and time-wasting appointments. Start your application online anytime and move at your own pace. Our technology and team will evaluate your application to ensure you’re obtaining the best rates available.

GET STARTED

Property Types

  • 2-4 Units Residential
  • Condominium
  • Single Family Residence

Loan Types

  • Residential Owner-Occupied

Specialty Loan Types

  • Residential Long-Term Rental
  • Residential Non-Prime

Details and Requirements

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
    Personal Guaranty (Recourse) Required
    Always
    Credit Check Required

    no

    Appraisal Required for Residential Property

    Always Before Funding

    Broker Price Opinion (BPO) Accepted for Residential Property

    Never

    Get In Touch

    NoRedTape pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

    Stay Informed About Private Lending

    Receive our monthly newsletters with valuable insights and industry updates
    subscribe-illustration

    NOREDTAPE is a Nationwide Wholesale Jumbo and Non-QM Direct Lender located in Calabasas California, which is part of a 20+ year old mortgage banking firm. We well capitalized and works with the Nation’s largest loan aggregators that manage billions of dollars of their own funds, who are not subject to margin calls. This means NOREDTAPE was built to be here another 20 more years.

    All loans are underwritten in-house with no Investor approvals, which enables exceptional turn times where most loans are closing in less than 30 days. Over 30% of NOREDTAPE’s fundings are made with in-house exceptions, which means we know a good loan when we see it. We’re passionate about non-agency loans and pride ourselves on closing deals that many lenders pass on. The other 70% close with us because of our competitive pricing, aggressive guidelines and fast turn times.

    ALTRA Mortgage Capital LLC. All rights reserved. ALTRA Mortgage Capital LLC is the owner of all related designs, trademarks, copyrights, and other intellectual property. Rates, fees and programs are subject to change without notice. Other restrictions may apply. BM Real Estate Services Inc., DBA NOREDTAPE Equal Housing Lender. NMLS #103098 – nmlsconsumeraccess.org.

    License

    NMLS ID 103098

    Year Established

    2000

    Office Locations

    5016 North Parkway Calabasas Suite 200, Calabasas, California 91302

    Primary Capital Source
    • Own Funds
    Loan Structure for Majority of Loans
    • Own Balance Sheet

    Our Team

    Blake Scheifele

    Co-Founder & Broker

    NMLS ID - 292984
    CA DRE Broker Lic. - 01038258

    Get In Touch

    NoRedTape pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

    Stay Informed About Private Lending

    Receive our monthly newsletters with valuable insights and industry updates
    subscribe-illustration
    Before You Contact Us

    Our Minimum Loan Amount Is

    $250,000

    What We Do

    • Owner-Occupied Home Loans
    • Self Employed Borrowers
    • Jumbo Loans $750K to $10M
    • Refi & Cash Out up to 80% LTV

    Not Available

    • NO 100% Financing
    • NO Commercial Properties
    • NO Farms or Ranches

    Create a Loan Request

    Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

    Contact This Lender

    Contact NoRedTape by whichever method you choose.

    If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

    Send an email to NoRedTape