Stated Income Verified Asset (SIVA) Loan Product for Residential or Commercial
Stated Income, Verified Asset
Purchase or Refinance Loans
Fix and Flip 1-4s (1yr loan, 4 mo. prepay)
1) Long Term Hold (30 yr loan fixed for 3 or 8 yrs, down to 1 yr prepay with buydown)
Commercial or Residential Loans for Non-Owner and Investment properties up to 75% LTV.
Both with Loan Amounts to $2,000,000.
2) 1 yr FIX and Flip 75% after repair value with over 650 FICO
or 75% LTV with any FICO.
Fix and Flip: NO minimum FICO 1-4 units Investor financing.
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.