No Income-Verified Assets for Owner-Occupied and Investment Properties (NIVA)
700 mid Fico, SFR's 1-4 units, Condos and PUDs (must be warrantable)
Terms: 5/1 ARM, 30 year amortization from 4.875%
Purchase: 70% LTV to $2.5M, 25% of down payment can be gifted
Refinance rate and term 65% LTV to 2.5M
Refi with cash out 50% LTV to 2.5M
Reserves as low as 6 months
No max properties owned or financed, no max acreage.
Foreign buyers OK
Less than 30 days to close
Available: CA, TX, WA, IL, NY and NJ.
Fees: 2.5 Points in the transaction
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