Soft Money Mortgage Program

Exceptions made to 80% LTV for 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.

No Doc on Investment / Non-owner Occupied

Residential or Commercial

LTV:

  • 70% - maximum

Loan Purpose:

  • Purchase or Cash-out refinance

Loan Amounts:

  • Minimum - $100,000
  • Maximum - $10,000,000

Property Types:

  • Single Family Residence SFR - Attached
  • Single Family Residence SFR - Detached
  • 1-2 Units
  • 1-4 Units
  • 5+ Units

Occupancy:

  • Owner-Occupied/Primary
  • Non-Owner Occupied

Credit Scores:

Owner-Occupied - case-by-case

Terms Available:

  • 1 year ARM
  • 3 Year ARM
  • 5 year ARM
  • Interest Only payment terms available

Income Documentation:

  • No Doc

Underwriting notes:

Must have a valid social security number

Foreign Nationals allowed:

Appraisal

Appraisal paid for up front by borrower upon loan approval

Appraisal ordered by the lender

States:

Alabama | Arizona | California | Colorado | 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 | Wisconsin