Nationwide Private Mortgage Lender
This is a Private Money lender that has funded thousands of loans nationwide, and makes all decisions in-house with over $200,000,000 to lend. Over 25 years of real estate investing experience; they know how to underwrite a loan.
They also offer 3-year terms for borrowers with longer-term projects as well as traditional bridge funding. An investor can close in a natural person’s name or business entity.
No Income No Asset Verification – Forms 4506-T and 4506-C Not Required
This is a true No Doc hard/soft money lender with national reach. No Income. No-Assets. No Employment. And now we dance. Closing’s average 10 to 15 business days from application.
Eligible Property Types:
Single Family Residences up to 1-4 units.
Loan Purpose
Purchase
Cash out refinance – 30 days Seasoning Required
Income & Employment Documentation: None
Employment Status: N/A
Employment Type: None
Employment Documentation: None
Credit Scores
Minimum 580
No Credit Score OK
Pricing is Credit Score driven
Credit Scores and Hard Money
Credit scores down to 580 or no score ok. Foreign Nationals also qualify. An investor can utilize this loan program for either a purchase or refinance. 30-day seasoning for cash out using new appraised value.
Credit Criteria
Bankruptcy – OK
Foreclosure – OK
Short Sale – OK
Loan Modification OK
Loan Amounts:
Minimum Loan Amount: $250,000
Maximum Loan Amount: $5,000,000
Greater than $5,000,000 on a Case-by-Case basis
Maximum LTV
70% LTV guidelines are based on the After-Repair-Value (ARV)
Property Types:
SFR Single Family Residence
1-2 Units
1-4 Units
Loan Program Guideline Overview and Highlights:
No Prepayment Penalties
Information on “C” Property Rating:
* Foreign Nationals – OK
Unique mortgage loan program designed for the Residential Real Estate Investor
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.
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