quote:

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Originally posted by nancy.mortgage

All 50 States Residential SFRs and 1 to 4 Units
(Realistic Alternative to a traditional Hard Money Loan)
•
Loan Amounts from $250 - $950k
•
Rate is 6.75% Fixed even if 400 mid FICO
•
NOD, Lis Pendis, Foreclosure, Chapter 13***
•
*** Chapter 13 Buyout must prove income to 55.0% DTI.
•
This is a loan the borrower retains Ownership/Possession of the property, but lender does attach 10% lien (so points in effect paid at the end of loan).
•
Borrower/Owner retains 100.0% of the tax write off
•
Available in all 50 States, O/O and N/O/O
•
No minimum mid FICO to 400
•
Loans to 65% LTV, No Reserve Requirement.
•
Rate of 6.75%, 30 Year Fixed, Due in 20 Years.
•
No Cost to Client.
•
Cash out limited to $50,000.00** (Limited to $20K if in Foreclosure)
•
No-Doc, SISA to 60.0% LTV, 65.0% LTV DTI to 55.0%
•
Close in 14 Days or Less
•
48 to 72 hour approval subject to verification equity and ownership.

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quote:

---

Originally posted by nancy.mortgage

All 50 States Residential SFRs and 1 to 4 Units
(Realistic Alternative to a traditional Hard Money Loan)
•
Loan Amounts from $250 - $950k
•
Rate is 6.75% Fixed even if 400 mid FICO
•
NOD, Lis Pendis, Foreclosure, Chapter 13***
•
*** Chapter 13 Buyout must prove income to 55.0% DTI.
•
This is a loan the borrower retains Ownership/Possession of the property, but lender does attach 10% lien (so points in effect paid at the end of loan).
•
Borrower/Owner retains 100.0% of the tax write off
•
Available in all 50 States, O/O and N/O/O
•
No minimum mid FICO to 400
•
Loans to 65% LTV, No Reserve Requirement.
•
Rate of 6.75%, 30 Year Fixed, Due in 20 Years.
•
No Cost to Client.
•
Cash out limited to $50,000.00** (Limited to $20K if in Foreclosure)
•
No-Doc, SISA to 60.0% LTV, 65.0% LTV DTI to 55.0%
•
Close in 14 Days or Less
•
48 to 72 hour approval subject to verification equity and ownership.

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