Pylon Lending
215 Park Ave S, 11th FL, New York, NY 10003
https://www.pylonlending.com/
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(13 đánh giá)
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Thông tin cơ bản
Pylon Lending, ISAOA 215 Park Avenue South, Floor 11 New York, NY 10003
Pylon Lending, ISAOA 215 Park Avenue South, Floor 11 New York, NY 10003
Chính sách khóa & Phí
Chính sách khóa
Extensions typically cost between 0.01% to 0.02% (1–2 basis points) per day.
Extensions must generally be requested before the current lock expires. If it expires, the file usually moves to "Relock" status.
Worse-Case Pricing
The system compares the original locked price against the current market price. You will receive whichever is lower (more expensive), plus a relock fee (typically 0.125% to 0.25%).
Cooling Period: Most Pylon products require a 30-to-60-day "waiting period" of being unlocked before you can lock at "Current Market" rates again without a penalty.
Thị trường ngách & Hạn chế của đơn vị cho vay
Pylon AI Support Tool
Intelligent, real-time underwriting
Direct access to Wall Street rates
Modern support tooling for LOs
Automated, always-on compliance
Pixel-perfect borrower origination experiences
Eligible FICO: 650+ credit score
Eligible Income Types:
W2 income
Schedule C Self-Employed Income
Bonus, Commission, OT, Tip income with 2-year history
Rental income only for:
Departing primary residences converting to Investment (lease agreement + 1007 required)
Investment Property purchase with documented rental history (1007 required)
Rental Income reported on Schedule E
Eligible Loan Types:
Conventional loans—including HomeReady, Home Possible, and Family Opportunity Mortgage programs—are available with fixed-rate terms only. However, Pylon does not offer HomeReady or Home Possible with a 15-year or 20-year fixed term
Jumbo (QM only), Fixed & ARM
Purchase or Refinance (no TBD/Pre-Approvals at this time)
Primary, Second Homes, and Investment Properties
See list of eligible states in Marketplace (Pylon Lender profile)
Reference: https://pylonlending.support.site/article/pylons-buybox-overview
Not Currently Eligible for Pylon:
Self-employed income reported on Business Returns or K1s
Asset depletion, Social Security income, Pension income, 401k / IRA distributions, Military allowances, Alimony/Child Support Income, Disability Income
FHA or VA loans
Piggyback loans or loans with DPA 2nds
Temporary buydowns
Upfront or split PMI premiums
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Đánh giá - Pylon Lending
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