Warehouse Lender

Sterling City, CT Warehouse Lender

A warehouse lender in Sterling City, CT offers financing to other lenders to make mortgage loans. This is short-term funding typically offered to smaller lenders, giving them the liquidity they need to make new loans, then sell loans on the secondary marketplace.

Many small bankers and lenders in Sterling City, CT use warehouse lines of credit to finance operations. These loans are paid back once the Sterling City, CT mortgages are sold, usually with the warehouse lender receiving a percentage of each home loan made.

Sterling City, CT Warehouse Lending

Warehouse lending provides credit to mortgage lenders, thus, allowing them to fund loans until the lender sells them in the secondary market. Sterling City, CT warehouse loans, which may be anywhere from $5 million to $30 million, are an important means of giving smaller lenders the flexibility they need as well as the ability to offer more loan products to customers.

Sterling City, CT Warehouse Lender

Warehouse lenders enable small lenders to offer:

Sterling City, CT Warehouse Loans

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