FICO +700 first 6 mo. starting at 3.8% Interest only. 70% LTV/CLTV

By
Mortgage and Lending with Bob Thompson Capital Advisors, Account Executive

 

Stated Income Home Equity Line of Credit


1)  (NIVA) Home Equity Line of Credit (HELOC), No Income Verified - Verified Assets

Owner-Occupied, Non-Owner Occupied and Second Homes,

SFR's, 2-4's and Condos.

No Income is listed on the Application. 620+ FICO needed. FICO over 700 first 6 months starting at 3.8% Interest only. 

Loan amounts from $150,000 - $1,500,000.

Up to 70% LTV/CLTV 

70% LTV to $1,000,000 loans outstanding (including new HELOC)

50% LTV to $1,500,000.

5.50% interest only start rate. 10 year draw period, 20 year amortization. floating over WSJ Prime in 1st position. 

OR

6.50% interest only start rate. 10 year draw period, 20 year amortization. 2 floating over WSJ Prime in 2nd position. 

3 monthly repayment options are available.

Must provide proof of 18 months of reserves.

Available in: CA, IL, TX, GA, NV, NJ and NY. Other States subject to approval.

Fees: 2.5 points + $845 processing in a Holding Escrow.*

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Topic:
Mortgage / Finance
Location:
New Jersey
Groups:
Realtors Needing the services of the Lending Powers
Twitter
Private Money Lenders
Stated Income Loans in California - (562) 344-LOAN
Tags:
70 ltv
no income heloc

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Rainmaker
2,610,915
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

I am sure  your phone will be ringing with clients inquiring on this

Feb 08, 2018 07:43 AM #1
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Rainmaker
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Bob Thompson, 562.344.5626 | ALT Doc, No Income HELOCs

Bob Thompson Capital Advisors - CRE & Residential
How do I Qualify and Apply for an ALT Doc Loan ?
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