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Loan range minimum $500,000 to maximum of $7,000,000. |
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A-B-C-D credit will be considered. Prior discharged bankruptcies
or foreclosures. |
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LTV’s 50%-75% Purchase, refinance, refinance with cash out, construction.
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Will lend based on subject to values for construction or rehab work.
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Will consider zero down with credit scores over 640 and maximum
LTV of 60%. |
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Need a minimum of 10% cash down with credit scores less than 640.
Seller take back financing allowed. |
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No Income verification via 1040’s OK . Must show ability to
repay via cash flow through checking account or deposits over last
12 months. |
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Fixed rate or ARM’S available ,interest only ,or 30 year AM
with 2 to 5 year calls or straight 15-20-25 year amortization all
are possible. |
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Rates will range from low end of 10% to high end of 16%. Origination
points range from 2 to 8. |