Stated Income, Verified Asset - Purchase or Refinance Loans
Fix and Flip or Long-Term Hold - Loan Amounts to $5,000,000.
Commercial or Residential Loans for Non-Owner and Investment properties up to 80% ARV (after repair value)
Terms: 30 year fixed, 3/1 ARM or 1-year Fix and Flip.
No Income verification needed.
3 months PITI reserves needed post-closing.
Rates from 6.99%. Rate buydown available.
600 minimum FICO score required.
21 day close of escrow. Interest reserve options.
NO minimum FICO needed for Fix and Flip Investor financing.
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 and TN.
Fees: 1.5 points + $995 processing in the transaction.