1) Stated Income Home Equity Line of Credit (HELOC) - Owner-Occupied, Non-Owner Occupied and Second Homes - SFR's, 2-4's and Condos.
620+ FICO needed.
Loan amounts from $150,000 - $2,000,000.
Up to 50% LTV to $1,000,000, 40% LTV to $2,000,000.
4.25% interest only start rate for the 5 year draw period, then 15 year amortization and 1 floating over WSJ Prime in 1st position or on free and clear properties or
Up to 50% LTV to $1,000,000, 40% LTV to $2,000,000.
4.25% interest only start rate for the 5 year draw period, then 15 year amortization and 1 floating over WSJ Prime in 1st position or on free and clear properties or
5.25% interest only start rate for the 5 year draw period, then 15 year amortization and 2 floating over WSJ Prime in 2nd position.
18% lifetime cap.
3 monthly repayment options are available.
Must provide proof of 20 months of liquid PITIA reserves.
Available in the following California counties: Alameda, San Francisco, Santa Clara, Sacramento, San Mateo, Orange, LA and San Diego.
HELOC:
Last 2 months Bank/Asset statements showing at least 20 months of liquid PITIA reserves. Credit will be pulled and must be derogatory free last 24 Months. No bankruptcies, mortgage lates, foreclosures, short sales, deed-in-lieu or loan mods on credit history in the past 2 years allowed. Borrower may be required to open a deposit account with the Bank (FDIC insured) and enroll in auto-pay for the mortgage payment.
Fees:
Fees vary by institution, Loan #1 has a .5 point, this will cover underwriting and processing. Additional costs are customary escrow, title, docs, prepaid interest, transfer taxes and recording fees. All loans have separate non-refundable cost of appraisal and credit report, +/-($550).
Last 2 months Bank/Asset statements showing at least 20 months of liquid PITIA reserves. Credit will be pulled and must be derogatory free last 24 Months. No bankruptcies, mortgage lates, foreclosures, short sales, deed-in-lieu or loan mods on credit history in the past 2 years allowed. Borrower may be required to open a deposit account with the Bank (FDIC insured) and enroll in auto-pay for the mortgage payment.
Fees:
Fees vary by institution, Loan #1 has a .5 point, this will cover underwriting and processing. Additional costs are customary escrow, title, docs, prepaid interest, transfer taxes and recording fees. All loans have separate non-refundable cost of appraisal and credit report, +/-($550).
Origination: Loan #1 - 2.5 points + $845 processing in a Holding Escrow account.(Holding Escrows are to be established in the borrowers' name and funded beforehand and are fully refundable in the event of no close of escrow).
OR we have the following loans available with the main issue being occupancy and turn-time for Close of Escrow.
2) Stated Income, Stated Asset Purchase or Refinance Loan, Loan Amounts to $2,000,000.
Loans for Non-Owner and Investment properties up to 70% LTV.
Terms: 3 and 8yr ARMs - fixed then adjustable for remainder of 30 years.
Loans for Non-Owner and Investment properties up to 70% LTV.
Terms: 3 and 8yr ARMs - fixed then adjustable for remainder of 30 years.
Rates from 7.49% and 2 points.
650 minimum FICO score required. Interest reserve options. 21 day close of escrow.
Construction to completed 65% LTV
Investor & REO financing - Any amount of properties allowed
In Bankruptcy or Foreclosure OK.
Unlimited cash out. No title seasoning required.
Available in: USA.
Alternative Documentation (ALT-Doc) Loans
3) 12 Month Bank Statement Averaging or 1 Year Taxes or Asset Amortization
650 minimum FICO score required. Interest reserve options. 21 day close of escrow.
Construction to completed 65% LTV
Investor & REO financing - Any amount of properties allowed
In Bankruptcy or Foreclosure OK.
Unlimited cash out. No title seasoning required.
Available in: USA.
Alternative Documentation (ALT-Doc) Loans
3) 12 Month Bank Statement Averaging or 1 Year Taxes or Asset Amortization
Loans for Self-employed Business Owners.
No Taxes, w2's or 4506T are required.
Must be Self-Employed for the last 2 years. Realtors are considered self-employed.
3, 5, 7 and 10/1 ARM's, 30 years amortization. Rates from 3.875%.
Owner Occupied and Non-Owner Investment properties, SFR and 1-4’s.
Loan to value up to 70% for a purchase or rate and term refinance to 4M
LTV up to 70% for a Cash out Refinance to 3.5M
Interest only payment available. Minimum FICO score is 720
Must be Self-Employed for the last 2 years. Realtors are considered self-employed.
3, 5, 7 and 10/1 ARM's, 30 years amortization. Rates from 3.875%.
Owner Occupied and Non-Owner Investment properties, SFR and 1-4’s.
Loan to value up to 70% for a purchase or rate and term refinance to 4M
LTV up to 70% for a Cash out Refinance to 3.5M
Interest only payment available. Minimum FICO score is 720
Qualifying - Using the Borrower’s last 12 primary Personal bank statements,
we average the gross deposits, draws and wires from your business and use that
as the income to qualify for the loan. OR using the Borrower’s last 12 primary Business bank statements, we average
the net deposits, less withdrawals and use that as the income to qualify for the loan.
45% DTI based on deposits and debts on the credit report and with the new mortgage.
We need proof of 9-12 months PITIA reserves for the subject property seasoned in the bank for 60 days on Owner Occupied and 12 months reserves45% DTI based on deposits and debts on the credit report and with the new mortgage.
on all debt on Non-Owner properties.
This loan is available: Nationwide
This loan is available: Nationwide
Private Money to 75% LTV - Close escrow in 10 days
4) Private Money Loans for Non-Owner Occupied properties. 1st Trust Deed Mortgage Loans for
purchase and refinance up to 75% LTV.
Terms: 2 and 4 year, interest only loan amortized for 40 years. Rates from 6.99% and 2 points.
NO minimum FICO score required. Interest reserve options.
10 day close of escrow.
Investor & REO financing.
Any amount of properties allowed.
In Bankruptcy or Foreclosure OK.
Unlimited cash out.
No title seasoning required.
Loans available: Nationwide.
Terms: 2 and 4 year, interest only loan amortized for 40 years. Rates from 6.99% and 2 points.
NO minimum FICO score required. Interest reserve options.
10 day close of escrow.
Investor & REO financing.
Any amount of properties allowed.
In Bankruptcy or Foreclosure OK.
Unlimited cash out.
No title seasoning required.
Loans available: Nationwide.
Please go you the website below to apply or call me directly, thanks,
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