Inherited Property Financing 75% Loan-to-Value (LTV)
This loan program is for people that have lost a family member and would like to keep the home.
Purpose: Purchase, Refinance, and Cash Out Refinance
This is a manual underwrite program
Same day approval
- Fund within 2 weeks
- Maximum LTV – 80%
- Future value can be used for LTV qualifying purposes
Underwriting Notes: Credit, etc.
- This is not a credit or credit score driven loan
- No minimum credit score required
- Major credit events
- Bankruptcy – OK
- Foreclosure – OK
- Short Sale – OK
- Deferred Maintenance – OK
- Debt Consolidation – OK
- Debt-to-Income (DTI): 50% Maximum
- Future Rental Income Considered on a Case-by-Case basis, Underwriter’s Discretion
- Home Improvement Cost can be included in the loan and paid out at the close of escrow
Available in the Following States:
Arizona, Alabama, California, Colorado, Florida, Georgia, Illinois, Louisiana, Maine, Maryland, Mississippi, Nevada, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Virginia, and Washington.
Last Updated on 1 week ago by Broker Mortgages