Stated Income Verified Asset (SIVA) Loan Product for Residential or Commercial
Stated Income, Verified Asset
Purchase or Refinance Loans
Fix and Flip (1yr loan, 4 mo. prepay)
or
Long Term Hold (30 yr loan fixed for 3 or 8 yrs, down to 1 yr prepay with buydown)
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 (75% ARV or LTV).
No Income verification needed.
3 months PITI reserves needed post closing.
Rates from 7.99%. Rate buydown available.
600 minimum FICO score required.
21 day close of escrow.
Interest reserve options.
Fix and Flip: NO minimum FICO Investor financing.
Any amount of properties allowed. In Bankruptcy or Foreclosure OK.
Unlimited cash out. No title seasoning required.
Available: Nationwide except IL, MN, ND, NV & SD.
Fees: 2 points + $995 processing in the transaction
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