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Loan Products

Ocean Capital Lending, LLC a direct lender, exclusively offers an array of residential loan products. Whether you are looking for a residential mortgage to purchase that new home or construct the home of your dreams, Ocean Capital Lending, LLC has all the right loan programs to offer. Our experienced lending team will be glad to assist you in choosing the right loan product that fits your goals and needs.  

Prequalifications: Obtain a prequalification before you shop for that new home with no upfront application fees.

Loan programs (Current as of 01/01/18):

  • Fixed rate loans – 10 thru 30 year fixed rate
  • Adjustable rate loans (ARM) – 1, 3, 5, 7, 10 year fixed products
  • HELOCs (up to 89.99% CLTV primary, 85.00% 2nd home, combos loans available, cash outs ok)
  • Interest only products – fixed and adjustable programs
  • Construction to Permanent – primary, secondary and spec, custom, owner builder
  • Conventional 95% construction up to $453,100, lower LTVs available for jumbo construction
  • FHA and VA construction to perm (subject to county limits - 96.5% FHA, 100% VA allowed)
  • Jumbo Loans – ARMs, Fixed, 15 and 30 year products up to $25,000,000
  • High Balance Conventional up to $679,650
  • Investment Property Loans – 1 to 4 unit dwellings
  • Bridge Loans - $500k minimum, 12 mos interest only, 55% LTV, 1 unit SFR only
  • Land Loans – lot loans, rural, raw land (65% financing, lower LTVs with private money)
  • 97% Financing Programs, 100% (with approved community seconds, seller held 2nds)
  • (FTHB) First time homebuyer programs with reduced mortgage insurance up to 97% financing
  • FHA 203k full/streamline, HomeStyle renovation financing (Owner, 2nd home, investments OK)
  • HomeReady and HomePossible
  • FHA/VA down to 500 fico (100% financing offered as combo 96.5/3.5 available above 620 fico)
  • Conventional down to 620 fico, case by case no minimum
  • HARP 2.0 - underwater mortgage refinance up to unlimited LTV for primary, 2nd home, investment
  • Warrantable/Non warrantable condos, co-ops and condotels - cash outs OK
  • Stated income and no income for investment properties
  • No income - asset/net worth lending, asset depletion - primary, 2nd home and investments
  • Medical professional loans (97% up to $650,000, 95% up to $850,000) - New medical residents, doctors, dentists, surgeons
  • 12-24 months bank statements / Alt doc for self-employed - business bank statements OK
  • Blanket/Portfolio lending
  • Subprime and non-prime lending
  • 1 day out of foreclosure, bankruptcy, short sale, deed-in-lieu, 2nd chance financing OK
  • Foreign nationals, tax ID, Expat, ITIN <2 yrs employment OK
  • LLC, corporate lending
  • Unique property types OK (log homes, rural, shipping containers, geodesic dome, earth OK) 

For more information about rates and products, contact your loan advisor to make an appointment to discuss which program is best for you. Doc check list Request consultation