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Check Loan Payments
loan amount
Rate Points APR Payment
Conforming 15 Year Fixed
6.250% 0.0 6.250% $0
Conforming FHA 30 Year Fixed
6.125% 0.0 6.125% $0
Conforming 1 Year ARM
rate not available
Conforming VA 30 Year Fixed
6.125% 0.0 6.125% $0
Conforming 30 Year Fixed
6.250% 0.125 6.262% $0
Non-Conforming 30 Year Fixed
rate not available
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Testimonials
Luis and wish to express our sincere thanks for all you did for us in making it possible to secure a mortgage and become First-Time homeowners. Your dedication and concern on our behalf is deeply appreciated. The professionalism and knowledge in handling our many questions, your endless patience with our repeated phone calls and visits provided the guidance we needed to allow us to purchase our home. We could not have done it without your constant attention to detail and making us aware of the many steps that had to be taken to secure the mortgage. You were the ink that put it all together! Once again, our many thanks and deep appreciation for all your efforts and the efficient manner that our application was handled by you and your very dedicated staff. Sincerely, Anmol K. Deol
—Anmol K. Deol.
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Wholesale inflation was reported higher than expected this morning reflecting the rise in energy and commodity costs. The Producer Price Index (PPI) rose 1.2% in July versus expectations of 0.6% while the core PPI, which excludes food and energy, rose...
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Commercial Loan Documentation
Documentation for Commercial Loans
Documentation requirements vary depending on property type and if the property is considered an investment property or an owner occupied business. Some lenders will require a personal guarantor. We will know after we receive your application and supporting documentation.

Investment Property
Any property where rents are collected and is the main source of paying the mortgage and other property related expenses.

Required for issuing a lender letter of interest (LOI) or pre-approval which details rate and terms:
  • Rent Roll / Schedule of Leases
  • 3 years P&L (or appropriate schedule from tax return)
  • 3 years personal tax returns for personal guarantor(s)
  • Personal financial statement for personal guarantor(s) (or residential loan application)
  • Purchase contract (if a purchase)
  • Credit report (tri-merged, we will run)
After initial review we will also need:
  • Lease agreements
  • Appraisal
  • Insurance information
  • Payoff information
Owner-Occupied Property
Any property where the source of loan repayment is the owners business (even if held as a separate entity). If the property is partly leased and part owner occupied, you will need to provide everything required in both sections.

Required for issuing a lender letter of interest (LOI) or pre-approval which details rate and terms: equired for issuing a letter of interest (LOI) which details rate and terms:
  • 3 years business P&L and Balance Sheet
  • 3 years business tax returns
  • 3 years personal tax returns for personal guarantor(s)
  • Personal financial statement for personal guarantor(s) (or residential loan application)
  • Purchase contract (if a purchase)
  • Credit report (tri-merged, we will run)
After initial review we will also need:
  • Appraisal
  • Insurance information
  • Payoff information
New Construction or Substantial Rehabilitation:
  • Brief executive summary explaining use and income source from the property and background of the organization to be the proposed real estate.
  • Simple recap of Construction Costs.
  • Plans and Specifications for construction.
  • Most current rent roll if the loan is for acquisitions with substantial rehabilitation.
Some lenders may also require additional documentation such as resumes for all principals, environmental reports, photos, old appraisals, additional operating history, letters of explanation, aging reports, etc.
  Bankers Mortgage Corporation
255 Old New Brunswick Rd S210
Piscataway, NJ 08854
Fax (732) 562-9385

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