Capital Line Funding Group

Residential Financing Buffalo

Capital Line is an independently licensed, Mortgage Broker, originating small, medium, large balanced loan debt through select banks and institutional investors nationwide. Capital Line provides a diverse online innovative lending platform backed by a staff of seasoned, experienced professionals, enabling Capital Line to provide a low cost, one-stop solution for all types of Residential and Commercial financing in Buffalo, New York (New York).

Capital Line’s high reputation has helped forge alliances with financial leaders of exceptional quality. Capital Line offers all traditional financing loan products from 30-year fixed rate loans down to 3 year ARM products. Capital Line also provides special avenues for construction financing and Stated Loans for conventional and for construction loans are available.

Loan Programs

  • Super Jumbo Loan Buffalo
  • Land Loan Buffalo
  • Stated Income Verified Assets Buffalo (SIVA)
  • Fixed Rate Mortgage Buffalo
  • HUD 203(k) Loan Buffalo
  • Super Jumbo Adjustable Rate Mortgage Buffalo (ARM)
  • Interim Loan Buffalo
  • Lot Loan Buffalo
  • Stated Income Stated Assets Buffalo (SISA)
  • Interest Only Mortgage Buffalo (IO)
  • Construction Loans Buffalo

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Super Jumbo Loan Program

Capital Line provides a diverse innovative residential lending platform capable of providing Super Jumbo Loans from $1,300,000 to $50 million dollars.

Location: Nationwide ()
Property Type(s): Single Family Residence
Loan Products: Private Banking Products, LIBOR ARMs, Fixed Rate Products
Loan Amount Minimum: $1.3 Million - NO Maximum
  Full Documentation
Loan-to-Value (LTV): 50% - 75% ()
Credit Score: 640 or Above FICO Score
Loan Type(s): Purchase, Refinance and Construction Financing
Occupancy Type(s) Primary Residence, Vacation Home, Investment Property
Amortization Type(s): Traditional Financing
5 Year, 7 Yr and 10 Year Fixed Rate Loans
30 Year Amortization
Special Programs: Cash Out Super Jumbo Refinancing

Interim Loan Program

Interim Loans are short-term financing instruments used to provide immediate funds until long term financing may be obtained.

Location: Nationwide ()
Property Type(s): Single Family Residence, Extended Single Family Resident (1-4 Units)
Loan Term: Short term, generally 6 months to three (3) years
Loan Type: Interest only
Occupancy Type(s) Primary Residence, Vacation Home, Investment Property
Amortization Type: Interim Loans Do Not amortize
Prepayment Penalties: Yes, generally. Decided on a case-by-case basis.
Special Features: Borrowers are required to have an Exit Strategy

Land Loan Program

A Land Loan is money lent to purchase raw land. A land loan is one in which one’s security, the collateral, for the note is the unimproved land being purchased. The loan-to-value ratio will always be lower than the LTV required on improved land (lot).

Location: Nationwide ()
Loan Term: Short term
Loan Type: Fixed Interest
Loan Program: Considered prelude to construction financing.
Loan-to-Value (LTV): Huge fluctuation of loan to value ratio between purchase money and refinance

Lot Loan Program

A lot loan is one in which a loan is made on a finished piece of property. Lots may normally be found within cities or municipalities. Finished lots have such amenities such as roads at the lot line, utilities in place and or plumbed to the site. Such amenities differentiate a lot from raw land.

Location: Nationwide ()
Loan Term: 2- year fixed term
Loan Type: Fixed Interest Rate, may be interest only or amortized
Normally receives loan as one-time-disbursement
Loan Program: Purchase or Refinance to construct owner-occupied primary orr secondary residence

Stated Income Verified Assets (SIVA)

A SIVA or the Stated Income-Verified Assets Loan, in theory, allows one to verbally state one’s income as long as the stated income is consistent with one’s occupation. We say in theory because most lenders will seek some evidence, some collaboration, that the borrower in question has enough income to fully pay-back the loan.

Stated Income Stated Assets (SISA)

SISA stands for stated income-stated assets. With this loan neither income, nor assets are verified at time of application.

As with the stated income, verified assets and the no income, no assets Type loans, the stated income, stated asset loan appeal to and are used by people with good credit who cannot properly document the fact that they can afford a mortgage.

HUD Section 203 (k) Loans

The section 203 (k) is HUD’s primary program for the rehabilitation and/or repair of single family property. The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers various single family mortgage insurance programs, such as the 203 (k).

This limited Repair Program permits homebuyers to finance an additional $35,000 into their mortgage to improve or upgrade the-
residence before the move in date. With this 203 (k) product, home- buyers may quickly and easily tap into, by enlarging, the new mortgage in order to pay for the property repairs before move-in.

Many Lenders have successfully used the Section 203 (k) program in partnership with other government agencies and nonprofit organizations to rehabilitate properties. These lenders, along with state and local government agencies, have found ways to combine Section 203(k) with other financial resources to assist borrowers even more.

203 (k) programs may be used in the following instances:
1. One-to four unit residence at least one year old.
2. Mixed-use residential properties which include commercial space.
3. Conversion of a one-unit to duplex or 3 or 4 unit living unit.
4. Homes which or will be demolished for rehabilitation.
5. Conversion of an existing multi-unit to a one-unit family dwelling.

Interest Only Mortgage (IO)

An ‘interest only’ loan is one in which the monthly mortgage payment pays just the ‘interest’ due on a loan.

The payment does not include a portion for repayment of principal. Interest only loans, then, do not amortize; these IO do not ‘kill itself’ by liquidating each month a portion of the principal balance.

Only Loans have a fixed and definite time period. In home loans these fixed periods may be 3, 5, 7, or 10 years.

Super Jumbo Fixed Rate Mortgage (FRM)

A fixed rate mortgage is one in which the interest rate is fixed for the life of the loan. The Fixed Rate Mortgage offers more security, more serenity and a greater peace of mind for the first-time homebuyer. These are a few of the reasons the FRM is the most popular loan one may obtain. Nearly three of four home mortgages are fixed interest rate mortgages.

Construction Loans

  • One makes monthly interest-only payments on the amount borrowed during the construction phase.
  • Each construction loan comes with its own set of variables, please Contact Us to discuss the specifics of your loan request

Stated Income Construction Loans

This is a fixed-rate loan to be used for the Construction of your custom home on your lot. Funds are advanced during construction as the home is completed. Competitive Variable Rates for loans of 12 months or less are available.

Super Jumbo Adjustable-Rate Mortgage (ARM)

An Adjustable-Rate Mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on a variety of indices. Among the most common indices are the rates on 1-year constant-maturity Treasury (CMT) securities, the Cost of Funds Index (COFI), and the London Interbank Offered Rate (LIBOR).

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