No Income-Verified Assets (NIVA)
for Investment and Owner-Occupied Properties
680 Mid Fico, SFR's 1-4 units, Condos and PUDs (must be warrantable)
Terms: 15 year fixed, 3, 5 or 7/1 ARM, from 4.45%
Purchase: 70% LTV to $2M, 100% of down payment can be gifted!
Refinance rate and term 65% LTV to 2M
Refi with cash out 50% LTV to 5M. 60% to 1M.
Must prove reserves of at least 6 months PITI, No CPA letter needed. with 18 months reserves. YTD P&L should support transaction at 50% DTI.
1 Day on the Job or New Business OK.
No max properties owned or financed, no max acreage.
Foreign buyers OK
Less than 30 days to close
Available: CA, NV, WA, TX, GA, IL, MA, NY and NJ.
Fees: 2.5 points + 845 processing in the transaction*
Southern CA Cash-out transactions do not require a sub-escrow.
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