Nationwide Private Mortgage Lender
Unique mortgage loan program designed for the Residential Real Estate Investor
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-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.
Income & Employment Documentation: None
- Employment Status: N/A
- Employment Type: None
- Employment Documentation: None
Loan Purpose
Purchase, Cash Out Refinance.
Eligible Property Types:
This Single Family Residences up to 1-4 units
Credit and Credit Scores
Credit scores down to 620 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 Event Seasoning Requirements
- 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:
- 1-2 Units
- 1-4 Units
Loan Program Guideline Overview and Highlights:
- No Prepayment Penalties
- Information on “C” Property Rating
- Foreign Nationals – OK
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.
540 061715 21-9-19
Last Updated on 6 days ago by Broker Mortgages