Special offer

No Income, Verified Asset or SIVA Loan for Investment and Owners

By
Mortgage and Lending with RT Capital Advisors, Inc. CEO
No Income, Verified Asset or SIVA Loan for Investment and Owner-Occupied Properties.

680 mid FICO, SFR's, 1-4's, Condos and PUD's
Terms: 3/1 ARM, 30 year term from 4.25%, 5/1 4.5%, 7/1 4.75%.
Purchase: 70% LTV to 2.5M, up to 25% of the down can be gifted.
Refinance: 65% LTV to 2.5M, Cash out: up to 50% LTV to 2.5M. 
Reserves as low as 6 months.
No CPA Letter needed with 18+ months reserves.
YTD P&L needed to support transaction.
Less than 30 days to close.
Employer and income to be left blank on application with 18+ months reserves. 
No maximum number of properties financed or owned.
No maximum acreage on non-agricultural properties.
Foreign national ok, no Social Security or US status needed.
 
Available: CA, NV, WA, TX, GA, IL, MA, NY and NJ.
Fees: 2.5 points + $845 processing in a Holding Escrow*.
 
NIVA: Last 2 months Bank or Asset statements showing 18+ months of mortgage payment reserves. Credit will be pulled and must be derogatory free last 12 Months. No bankruptcies, short sales, deed-in-lieu or loan mods on credit history in the past 5 years allowed, foreclosures (7 years).

Lender Fees
Fees vary by institution, all loans have separate non-refundable cost of appraisal and credit report, +/-($550).
 
*Holding Escrows: a Holding Escrow Account will established in the borrowers' name with an Independent Licenced Escrow Company and funded beforehand, the account is fully refundable in the event of no close of escrow or cancellation. Southern California cash-out refinance transactions do not require upfront funding of the escrow account. 
Posted by
Bob Thompson
Chief Executive Officer
Lending Advisors providing unique access to Hedge Funds, Private Money, Private Party, REITs, CMBS, Community, Regional & Global Bank niche mortgage products nationwide.
RT Capital Advisors
1 (562) 344-LOAN

 

 

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