Stated Income Verified Asset (SIVA) Loan Product for Residential or Commercial
Stated Income - Verified Assets
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.
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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