Programs – All
Residential – Residential is defined as 1-4 Family Units which includes: Single Family Homes, Townhomes, Condominiums, Duplexes, Triplexes, and Fourplexes.
Investment Property Only – Investment is defined as Non-Owner Occupied, typically owned by a company for the sole purpose of investment whereby Owner has no intentions of occupying home today or in the future as a principal residence, second home, or vacation home
|Collateral:||1st Position Mortgage / Deed of Trust Only|
Nearly all Individuals and Entities are acceptable. We specialize in non-recourse applications such as Self-Directed IRA’s and Foreign National Borrowers.
Programs – Specific
Use this program to purchase ‘Rent Ready’ investment property.
Use this program to refinance an existing property. Refinance can payoff existing loans or used for ‘Cash Out’.
Use this program to purchase, renovate, and hold an investment property long term.
Use this program to purchase, renovate, and resale. Optional 30 Year Loan available.
|Loan Terms Purchase Refinance Rehab Resale|
|Intended Use||Buy-Hold||Cash Out-Hold||Buy-Fix-Hold||Buy-Fix-Sale|
|Term||30 Years||30 Years||30 Years||6 Months|
|Construction Period||N/A||N/A||60 Days|
|Loan to Value Ratio, LTV||65.00%||65.00%||65.00%||65.00%|
|Valuation||Appraisal or Purchase Price whichever is less||Appraisal||Subject-To Appraisal||
|Note Rate & Payments|
|Rate Type||3/1 ARM||3/1 ARM||3/1 ARM||Fixed|
|Amortization Term||30 Years||30 Years||30 Years||Interest Only|
|Lender Origination Points|
|Lender Servicing Fees|
|Doc Prep & Processing||$250||$250||$250||$250|
|Loan Servicing||$150 for all programs|