Frequently Asked Questions

What sets LBC Mortgage apart from many mortgage companies is its focus on structuring financing around the borrower’s full financial picture rather than forcing applicants into a single, rigid loan product. Instead of operating as a retail lender with a limited menu, LBC Mortgage functions as a broker with access to a large network of lenders and hundreds of loan programs. This structure allows the team to compare multiple financing options at once and select programs that align with a borrower’s income type, asset profile, and long-term goals.

LBC Mortgage places particular emphasis on serving borrowers who fall outside conventional W-2 guidelines, including self-employed individuals, real estate investors, and newcomers to the U.S. mortgage system. Programs such as bank statement loans, DSCR investor loans, ITIN mortgages, and other alternative documentation options are integrated into the company’s core offerings, rather than treated as edge cases. This reduces friction for borrowers whose income is variable, seasonal, or derived from business ownership.

Another differentiator is hands-on guidance throughout the transaction. From pre-approval through closing, borrowers work with a dedicated advisor who explains program requirements, timelines, and potential trade-offs in plain terms. Local market familiarity helps align financing strategies with regional pricing, appraisal norms, and transaction pacing. The result is a more adaptable mortgage process designed to support informed decision-making rather than one-size-fits-all lending.

If your credit score is not ideal, it does not automatically prevent you from qualifying for a mortgage through LBC Mortgage. Many borrowers enter the mortgage process with credit challenges such as limited credit history, past late payments, higher balances, or prior financial disruptions. Rather than relying solely on a single score threshold, LBC Mortgage evaluates credit as one part of a broader financial profile that includes income stability, assets, down payment strength, and loan structure.

The first step is a credit review to understand what factors are affecting the score. This may include high credit utilization, collections, or reporting errors. Based on that review, LBC Mortgage can outline practical steps that may help improve credit positioning, such as reducing balances, correcting inaccuracies, or adjusting application timing. In some cases, modest improvements over a short period can meaningfully expand available loan options.

At the same time, LBC Mortgage can identify mortgage programs that are designed to be more forgiving of credit imperfections. Certain conventional, FHA, and non-QM loan options allow lower minimum credit scores when other compensating factors are present, such as higher down payments or stronger reserves. For investors, DSCR loans may rely more heavily on property cash flow than personal credit alone. This flexible, solution-oriented approach helps borrowers move forward with realistic expectations and a clear path toward homeownership or investment financing, even while credit is still a work in progress.

Any type of visa that allows you to stay in the US for at least 3 years should suffice. This includes student visas, work visas, and even some tourist visas.

LTV, or loan-to-value ratio, is another financial ratio that lenders use to assess a borrower’s risk. The higher the LTV, the riskier the loan. A loan with an LTV of 80% is considered high risk because it means that the borrower has put up little equity in the property. A loan with a lower LTV is considered less risky because it means that the borrower has more equity in the property.

If you’re considering a DSCR loan for your next real estate investment, contact LBC Mortgage today. We can help you find the right loan for your needs and answer any questions.

Generally speaking, a good time to refinance would be when the mortgage interest rates are falling or once value of your home went up. Also, if you see that you can afford to pay off your mortgage in a shorter term.
Non-US resident mortgages are offered by many different lenders. However, rates and terms can vary significantly, so it’s important to compare options carefully before choosing a lender.
Both first-time homebuyers and existing homeowners can apply for an FHA loan. There are no income limits, but you must have a good credit score and demonstrate financial stability.
To be eligible for an ITIN loan, you must have an ITIN number and meet the other eligibility requirements for this unique loan program. Check with the lender to see what those requirements are.
DSCR loans are important because they can help to ensure that a property generates enough income to cover the costs of the loan. This type of loan can also help to protect lenders from loss in the event that a borrower defaults on the loan.

There are a few reasons to consider refinancing:

  1. Lower your monthly payment
  2. Switch from adjustable to fixed rate
  3. Lower your interest rate
  4. Cash out to pay off other debt
  5. Change term of your loan.
Jumbo loans allow borrowers to finance the purchase of high-value properties and are an attractive option for anyone looking to buy luxury homes, vacation homes, or investment properties. Besides, borrowers can choose from a range of loan terms, including fixed or adjustable rates, and may negotiate more favorable loan terms based on their financial situation. A jumbo loan may be a good option, however, it is crucial to consult with a professional mortgage broker and consider the costs and benefits before making a decision.
A jumbo loan is called so because it refers to a mortgage loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency. The conforming loan limits are the maximum loan amount that Fannie Mae and Freddie Mac, the government-sponsored enterprises that purchase mortgages from lenders, can guarantee.