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Fha / Va Approved Mortgage Lender For Sale

Location  Pennsylvania,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $650000
Net Profit / Cash Flow  $250000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  2008
Number of Employees  4 - 5
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Leased
Training  Available.
Reason for Sale  Retirement.

Pennsylvania Mortgage lender with Full Eagle FHA approval and VA approval. FHA Direct Endorsement Approval in 2010 with a zero percent compare ratio. Company meets current small business net worth requirements of FHA at $500,000. Looking for an offer close to $750,000 and buyer will need an additional $500,000 to replace current owners capital. Under new FHA guidelines this business is exempt from the 1,000,000 capital requirement as a small business under FHA rules. This lender can operate with only a $500,000 net worth until 2013 under FHA guidelines. Enter the mortgage industry with less net worth and take over a cleanly run shop to use as a platform for your expansion. Licensed as a lender in eight states. Company has a very clean history in the secondary market with no buybacks and no serious delinquencies or foreclosures. All originations are from 2008 and sooner so there are no older loans to cause future losses. Contact for more information on this Mortgage Lending business for sale.

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