What is a DSCR loan and how does it work? A DSCR loan is a type of investment loan where approval is based primarily on the property’s cash flow, not the borrower’s personal income. Lenders evaluate whether the rent from the property can cover the mortgage payment. What DSCR ratio do lenders typically require? Most…
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Licensed in the state of NY, NJ, PA, CT, FL, CA, TX, NC, SC, VA and GA.
Registered New York Mortgage Broker-All mortgage loans arranged with third party providers.
Licensed by the N.J. Department of Banking and Insurance.
This material is not from HUD or FHA and has not been approved by HUD or any government agency," and state specific disclosures
Registered Mortgage Broker N.Y.S. Department Financial Services.
Loans Arranged Through Third Party.
Providers. Not A Mortgage Lender or Correspondent Lender.
Canyon Mortgage Corp.
2001 Marcus Ave
Suite North 121
Lake Success, NY 11042
Phone:
(516) 502-2480
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINTED FROM THE DEPARTMENTS WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV.
