Our specialties

Wall Street Direct Mortgage covers the entire range of real-estate based lending from the most common — financing single family homes to complex commercial transactions which may involve several layers of financing. Below are some examples of our areas of expertise.

Residential New Purchase Loans


In addition to working with conventional, FHA, VA and USDA loans, Wall Street Direct Mortgage also has significant experience and expertise with jumbo and nonconforming loans. Jumbo loans are those over the limit for conforming loans which is updated on an annual basis. The conforming loan limit for most of Florida for 2020 is $510,400, an exception is Monroe County which is $552,000. Limits are higher for 2, 3 and 4 unit properties. (Properties with more than 4 units are not considered residential). Please see 2020 loan limits by county for more information. Because the buyers of conventional loans (Fannie Mae and Freddie Mac), has very specific and stringent criteria for which loans they will accept, some very credit-worthy borrowers may not be able to obtain a conventional, conforming loans. Examples are certain self-employed individuals and others who have unusual sources or patterns of income.

Similar to the case of self-employed, people who have other non-traditional sources of income such as certain types of rental income, irregular income from a variety of sources, etc., will typically have difficulty meeting the requirements for a conforming loan. Again, Wall Street Direct Mortgage has investors who are interested in this type of loan.

Residential Refinance Loans

When interest rates start to decline, many homeowners decide to refinance their loans. This creates a need for refinancing which is treated differently than loans for new purchases. There are two major classes of refinancing loans, rate term refinancing and cash out. A rate term refinance is one in which only the rate and/or term of the loan are changed with the objective of lowering the monthly payment. In a cash out refinance, a loan with a new higher principle balance is put into place. In general, it is easier to obtain a rate term refinance than a cash out.

Commercial Loans

Commercial loans can include multi-family residential (more than 4 units) as well as business locations (commercial and/or office) and light and heavy industry. Wall Street Direct Mortgage has arrangements with investors who are able to finance any conceivable commercial loan. Note that commercial loans are not subject to the same regulatory requirements as are residential loans.

Self-employed mortgage lending

The fact is that self-employed individuals face challenges when applying for conventional loans. The documentation standards are very right and lending institutions are heavily penalized for failing to dot all of the “i”s and cross all the “t”s. As a result, many self-employed individuals go the route for nonconforming loans even though they may have to pay a slightly higher rate. As in the case of commercial loans, Wall Street Direct Mortgage has arrangements with investors who are interested in making loans to individuals who are self-employed.

Non-traditional income loans

There are many sources of income beyond W-2, 1099 and Social Security award letters that lenders are used to considering. Many people, for example, have rental income but there are complex rules as to how to count such income and even whether it can be considered in the first place. Some lenders have staff trained to look at these non-traditional income sources as part of their lending decisions. In many cases, these will have to be handled as non-conforming loans. Finding the right lender to start with is our specialty.