Advancial is a trusted and reliable provider of warehouse lines to mortgage lenders throughout the United States.  Advancial’s warehouse lending program provides fast, simple solutions to help mortgage bankers run their business more efficiently and profitably.

  • Competitive pricing, with no hidden or add-on fees
  • No minimum usage requirements
  • State-of-the-art warehouse lending system with comprehensive online reporting
  • Warehouse lines up to $10M

 Warehouse Lending Program Guidelines

Years in Business

2 years minimum

Profitability

Required

Minimum Credit (FICO) Score

680

Net Worth Requirements

Audited, tangible net worth of $1,000,000

Personal Guaranty

Yes, owners of 25% or more of the company

Financial Statements

Audited FYE
Current interim and personal financial statements

Required Insurance Coverage

$1,000,000 Errors & Omission and Fidelity

Min. & Max. Facility

$2,000,000 to $10,000,000 (not captive)

LTV Limitations

Advances with LTV> 80% limited to 50% of outstanding line balance
Aggregate LTV limit is 95%

Allowed Time in Facility

60 day maximum

Pricing

WSJ Prime plus 1.00% with floor of 4.00%

Advance Rate

100% of Loan Amount

Application Fee

$1,500  no additional billing

Transaction Fee

$85 per Advance

Program Guidelines subject to change without notice. 

 

For more information, contact us at 1.888.876.2328 or loans@advancialmortgage.com

 

 

 

Advancial is a trusted and reliable provider of warehouse lines to mortgage lenders throughout the United States.  Advancial’s warehouse lending program provides fast, simple solutions to help mortgage bankers run their business more efficiently and profitably.

  • Competitive pricing, with no hidden or add-on fees
  • No minimum usage requirements
  • State-of-the-art warehouse lending system with comprehensive online reporting
  • Warehouse lines up to $10M

 Warehouse Lending Program Guidelines

Years in Business

2 years minimum

Profitability

Required

Minimum Credit (FICO) Score

680

Net Worth Requirements

Audited, tangible net worth of $1,000,000

Personal Guaranty

Yes, owners of 25% or more of the company

Financial Statements

Audited FYE
Current interim and personal financial statements

Required Insurance Coverage

$1,000,000 Errors & Omission and Fidelity

Min. & Max. Facility

$2,000,000 to $10,000,000 (not captive)

LTV Limitations

Advances with LTV> 80% limited to 50% of outstanding line balance
Aggregate LTV limit is 95%

Allowed Time in Facility

60 day maximum

Pricing

WSJ Prime plus 1.00% with floor of 4.00%

Advance Rate

100% of Loan Amount

Application Fee

$1,500  no additional billing

Transaction Fee

$85 per Advance

Program Guidelines subject to change without notice. 

 

For more information, contact us at 1.888.876.2328 or loans@advancialmortgage.com