Stated Income-Verified Assets (SIVA) HELOC to 5.5M under 700 FICO ok

By
Mortgage and Lending with RT Capital Advisors, Inc. CEO
Home Equity Line of Credit (HELOC) 
Stated Income-Verified Assets (SIVA) 
 
Owner-Occupied, Non-Owner Occupied and Second Homes, SFR's, 2-4's and Condos.
 
600+ FICO needed. 
BK and Lates OK after 2 years seasoning.
Loan amounts from $150,000 - $5,500,000. 
Up to 60% LTV to $1,000,000 loans outstanding (including new HELOC)
Up to 50% LTV to $5,500,000.
1 floating 
over WSJ Prime in 1st position.
2 floating over WSJ Prime in 2nd position or paying off liens.
10 year draw period20 year amortization.
 
3 monthly repayment options available interest only, .5% or 1.5% of outstanding
Must provide proof of at least 20 months of PITIA reserves owning more than one property and with a borrower addressed VOD otherwise, 50 months of PITIA reserves.
 
     Available only in: The NYC boroughs, Las Vegas, CA (most of the Bay Area and Southern CA, San Joaquin and Sacramento Counties), King Co. WA, GA and MA
 
Fees: 2.5 points + $995 processing in the Close of Escrow in CA. Other States in Holding Escrow*
 
 
 
*Holding EscrowsOccasionally, a Holding Escrow Account will established in the borrowers' name with an Independent Licenced Escrow Company and funded beforehand, the account is fully refundable in the event of no close of escrow or cancellation. Cash-out refinance transactions generally do not require funding of the escrow account. HELOC fees in CA can in most cases be paid in the close of escrow.
Posted by
Bob Thompson
Chief Executive Officer
Lending Advisors providing unique access to Hedge Funds, Private Money, Private Party, REITs, CMBS, Community, Regional & Global Bank niche mortgage products nationwide.
RT Capital Advisors
1 (562) 344-LOAN

 

 
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