Hello! My name is Jacques Poujade, and I am the Managing Partner of LendPlus, a Direct Lender that specializes in helping home-buyers who may have trouble getting traditional loans from banks. I have over 30 years of experience in the financial industry across three different countries, and I leverage it every day to find creative solutions that work for our clients. I work with cash-strapped entrepreneurs every day to help them get the home of their dreams. Here’s how I can help.
What Are Direct Lenders?
LendPlus is a direct lender, which means that we oversee every aspect of the loan process. We determine whether you qualify for a loan, fund the loan, and accept repayment in-house, providing the convenience of working with one company for the entire transaction.
You might think that every bank does that, but in truth, they often have multiple corporate enterprises that need to share information to approve and fund your loan. This adds inefficiency to the process, making it harder for you to access your funds in a timely manner.
How LendPlus Helps Aspiring Entrepreneurs
We offer multiple loan types to ensure that we have something for every home-buyer’s needs. We offer traditional 30-year fixed mortgages, 15-year mortgages, variable rate mortgages, FHA Loans, USDA loans, and Jumbo loans. Let’s go over what those terms mean:
30-year fixed-rate mortgages have long been the industry standard. They allow buyers to enjoy home ownership without excessive monthly payments due to the length of the term. If you want to pay off your home faster, 15-year mortgages are paid off in half the time in exchange for a larger monthly payment.
Variable-rate mortgages start out inexpensive, but the interest rate tends to increase over the life of the loan. They’re a good fit for flippers who intend to pay the mortgage off quickly.
FHA Loans are a special loan endorsed by the Federal Housing Administration that allows individuals with poor or no credit to qualify for a mortgage. FHA Loans are typically offered for first-time homebuyers. USDA Loans are also government-endorsed and provide buyers with extremely favorable terms to encourage home ownership in rural areas, as determined by the United States Department of Agriculture. Finally, Jumbo loans are special loans designed for very expensive properties.
For entrepreneurs, we also offer “non-qm” loans to work around many of the hurdles that entrepreneurs face from banks. Most entrepreneurs don’t have a consistent, steady income for a period of two years, yet banks frequently demand documentation of the same to qualify for a loan. Our non-qm loans go around this draconian demand, making ownership as accessible for entrepreneurs as it is for anybody else!
If you’re looking to refinance, we can help you with that as well.
How to Apply For A Mortgage With LendPlus
Currently, LendPlus serves the following markets: California, Texas, Connecticut, Alabama, Arizona, Maryland, New Mexico, and Washington. If you live in one of these areas and are interested in filling out an application, you can visit LendPlus.com to get the application process started!
Alternatively, our website is also a great place to learn more about the services we offer if you want to do a little bit more research first.
Connect With Me, Jacques Poujade
If you’re interested in more of my best real estate and finance tips, follow my social media profiles on Facebook and Twitter for my latest insights. I also cover topics in more depth on my personal blog, JacquesPoujade.com.