Mortgage Warehouse Lending

Warehouse lending borrowing rates are tied to each loan’s note rate plus a margin.

Warehouse lines start at $2 million and can go up to 20× corporate liquidity.

Minimum liquidity requirements include:

• At least $100,000 or a percentage of the average loan size (whichever is higher).
• Acceptable liquidity sources: corporate cash, marketable securities, and unrestricted guarantor assets.

Yes. Personal guarantees are required for any individual owning 10% or more of the company.

A per‑file transaction fee applies to each loan funded on the line.

• Advance rate is up to 99%.
• Maximum dwell time negotiated at the time of approval.

• Eligible products include FNMA, FHLMC, FHA (With DE Approval), VA, USDA, Section 184, Jumbo, and Non‑QM.
• Ineligible: Second liens, construction loans, bridge loans, HELOCs, and reverse mortgages.

Simmons Bank provides warehouse lending in all U.S. states except New York.

Borrowers must provide at a minimum:

• Quarterly GAAP‑quality financial statements
• $300,000 fidelity bond
• $300,000 errors & omissions (E&O) policy

Yes. Delegated options are available for qualified applicants; additional requirements may apply, such as higher liquidity and pledged assets.

Yes. Startup mortgage lenders may be eligible, subject to underwriting and liquidity requirements.

No. We do not provide warehouse financing for hard money loans, bridge loans, fix-and-flip loans, private investor loans, or other non-traditional lending products.
Our warehouse lines of credit are available exclusively to approved independent mortgage bankers funding newly originated residential mortgage loans intended for sale into the secondary mortgage market.