Applying for a mortgage can be a complicated and time-consuming process, requiring potential buyers to meet strict criteria set by traditional lending institutions. Some of these criteria include borrowers having stable employment, a certain amount of capital and debt, and putting up a large down payment.
For those who are self-employed or don’t fit the typical 9-5 mold, the process can be even more difficult. This is where Convoy Home Loans steps in. With its creative financing options and commitment to providing excellent customer service, they are helping individuals and entrepreneurs purchase the homes and properties they desire.
Convoy Home Loans is a mortgage brokerage firm that is revolutionizing the loan origination process. Their unique approach to lending allows them to serve a wide variety of borrowing personas, from those interested in investment real estate to luxury home buyers. With headquarters in El Segundo, CA, and a new branch in San Diego, CA, Convoy Home Loans offers innovative lending services across the United States.
Unlike traditional lending services, Convoy Home Loans has the ability to offer loans of various sizes, utilizing unconventional assets like Bitcoin or real estate. This approach allows them to create tailored loan packages, not limited by conventional bank regulations and risk assessments. Banks offer standardized loans, but Convoy Home Loans utilizes a selective network of lending partners and a unique approach to offer an array of options to their clients.
Dustin Rosenberg and Jonathan Yoo, the founders of Convoy Home Loans, met in San Diego while working for the same mortgage company. With two decades of combined experience, they decided to start their own mortgage brokerage and offer clients creative financing solutions. Today, Convoy Home Loans prides itself on the unique funding it provides, accompanied by out-of-this-world customer experiences.
At Convoy Home Loans, the team understands that every client is unique and deserves individualized attention. When working with entrepreneurial clients, the team takes the time to fully understand their financial situation and goals. By doing so, they are able to connect these clients with investors who are interested in expanding their portfolio without sacrificing their business. This not only helps the clients purchase the properties they want, but it also enables them to take advantage of tax benefits during the purchasing process.
For high-net-worth individuals, Convoy Home Loans offers the opportunity to purchase properties with lower down payments. They have relationships with investors and private institutions that are willing to extend offers to successful entrepreneurs, giving these individuals the flexibility they need without having to drastically change their income statements or tax reporting.
Dustin stated, “We can secure financing for a $10 million home with just 10% down, $1 million, compared to traditional banks, which typically require 3.5-4 million down. We offer alternative financing options that use clients’ assets, allowing loans based on financial health, not just tax income.”
Jonathan added, “We are in the space of being able to creatively finance using more than your normal conventional income documents. We’re able to use things like cross-collateralization, bank statements, income, asset depletion, savings accounts, crypto, cash, and more. All these different sources are pieced together, and we creatively make a loan for them.”
At Convoy Home Loans, Dustin Rosenberg and Jonathan Yoo lead a team of experienced professionals that pride themselves on taking a family approach to mortgage consultancy. Convoy specializes in alternative financing for niche luxury and investment real estate. Their creative approach utilizing an individual’s assets or overall financial health instead of looking strictly at one’s taxable monthly income, gives them a competitive advantage against their peers. Convoy Home Loans has earned the trust of its clients and partners as pioneers in the space of creative financing. To learn more about Convoy Home Loans, visit their website at convoyhomeloans.com.