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.
Loan Purpose
Purchase, Cash Out Refinance.
Income & Employment Documentation: None
* Employment Status: N/A
* Employment Type: None
* Employment Documentation: None
Eligible Property Types:
This Single Family Residences up to 1-4 units
Credit Scores
Minimum 580
No Credit Score OK
Pricing is Credit Score driven
Credit and Credit Scores
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 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