Soft Money Mortgage Program
Exceptions made to 75% LTV for particular counties in the state of California. This means that the pricing is less than the traditional Hard Money type loan program. Discounted pricing with qualifying Credit Score / FICO Alt Doc for of Income Documentation referred to as a No Doc for Non-Owner Occupied and Owner-Occupied for Purchase, R&T Refinance and Cash Out Refinance and Interest Only 65% LTV
No Doc Jumbo and Super Jumbo
- Residential or Commercial
- LTV: 70% - Maximum
Loan Amounts:
- Minimum - $250,000
- Maximum - $40,000,000
Property Types:
- Single Family Residence - Attached (SFR)
- Single Family Residence - Detached (SFR)
- 1-2 Units
- 1-4 Units
- 5+ Units
Occupancies
- Owner-Occupied/Primary
- Non-Owner Occupied
Terms Available
- 1 year ARM
- 3 Year ARM
- 5 year ARM
- Interest Only payment terms available
Underwriting Notes
- Must have a valid social security number
- Foreign Nationals allowed:
Appraisal Requirements
- Appraisal paid for up front by borrower upon loan approval
- Appraisal ordered by the lender
- Available in the following States:
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin