Stated Income Verified Asset (SIVA) Loan Product for Residential or Commercial
Fix and Flip or Long Term Hold - Loan Amounts to $2,000,000.
Commercial or Residential Loans for Non-Owner and Investment properties up to 75% LTV.
Terms: 3 and 8 yr ARMs fixed then adjustable for remainder of 30 years. 1 yr FIX and Flip.
No Income verification needed.
3 months PITI reserves needed post closing.
Rates from 7.25%. Rate buydown available.
600 minimum FICO score required.
21 day close of escrow.
Interest reserve options.
Fix and Flip, Investor & REO financing.
Any amount of properties allowed. In Bankruptcy or Foreclosure OK.
Unlimited cash out. No title seasoning required.
Available: Nationwide except ND & SD.
Fees: 2 points + $775 processing in the transaction.
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