About Lancaster Pollard Mortgage Company
Financing Progress – by providing more funding options
Lancaster Pollard Mortgage Company LLC provides our clients with more financial options, such as access to non-conventional loans with government enhancement programs that can lower the cost of capital.
We develop a plan of finance, structure property-backed commercial mortgage loans, make and service mortgage loans, and secure government enhancements such as mortgage insurance and loan guarantees.
Making Mortgage Programs Work
Government enhancement programs are viable financing alternatives for many health care, senior living and affordable housing properties, due to several key factors:
- Organizations that may not qualify for conventional financing may qualify for government enhancement programs that may lower the cost of funding
- Long amortization periods and sometimes higher loan-to-value requirements can result in greater loan amounts
- Non-recourse loans protect owners, obligated groups and affiliated entities from financial obligation
- Fixed rates offer more long-term predictability to some clients
We specialize in underwriting and servicing mortgage loans insured or guaranteed by governmental agencies. As an approved and experienced lender, we understand the details of these programs and have successfully closed a broad range of complex transactions for our clients. In fact, Lancaster Pollard was the number one FHA Lean Lender in FY 2016 and has been the leading HUD Lean lender from FY 2010 to FY 2016, according to HUD data.
The choice of a lender for a government-backed program is a very important factor in whether the loan will close on time, or at all, and the amount of time, money and personal involvement the borrower ultimately invests in the process. Lancaster Pollard Mortgage Company's experience with government enhancement programs ensures its clients will be able to maintain focus on their businesses, receive the best possible terms and conditions possible, and close the loan as quickly as possible.
Lancaster Pollard Mortgage Company is an approved lender for:
- The Federal Housing Administration (FHA)/U.S. Department of Housing and Urban Development (HUD) - LEAN and Multifamily Accelerated Process (MAP)
- Fannie Mae
- The Government National Mortgage Association (GNMA)
- The United States Department of Agriculture (USDA)
Our services include:
- FHA-insured Mortgage Loans
- USDA-Guaranteed Loans
- GNMA Issuer/Servicing
- Fannie Mae Multifamily Affordable and Seniors Housing Lender/Servicer
- Mortgage Loan/Servicing
Your relationship with us will be for the life of your financing. We understand your mortgage best and will be there for all service questions. That’s because we service all of the mortgages we originate. To find additional information on what services you can expect during the life of your loan, please visit our mortgage servicing section.
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