With the mortgage industry raising the qualifications needed to obtain a mortgage, other sources of financing need to be found. We have it!!
Owner Occupied can be financed up to 90%.
Investment properties can be financed up to 80% LTV. With this program, investors can purchase unlimited properties no matter what they have on their current credit report.
Our programs have much more flexibility than that of conventional or FHA mortgages.
We are not a mortgage company. The funding is done through private partnerships and businesses.
We are currently funding over 400 properties monthly in the Midwest and Thousands Nationwide!!!
Requirements for Borrower:
620 middle credit score - Owner Occupied
680 middle credit score - Investment
Verifiable Rent or Mortgage payments
2 years verifiable employment - self employed OK
No unpaid child or spouse payments on credit report
Collections or charge offs must be paid before closing or be on payment plan (6 months), except for medical, we ignore medical collections
No unpaid judgments or tax liens
Must be able to pay 1 months principal payment at time of close and prepaid 1 year homeowners insurance
Program info:
Mortgage rates between 7% (OO) and 8% (NOO)
No PMI
No escrows
Low closing costs (no points or origination fees)
Can close in 2 - 4 weeks
We do not give a letter of intent unless we intend on closing!!!!
This alternative financing makes the process of becoming a home owner quick and simple. You will be able to approach sellers and make offer knowing that once we have approved you, your home will close. Both Buyer and Seller will benefit from our system.
For more details on this program, please contact us at easternmichiganinvestments@comcast.net
PURCHASE AND REHAB LOANS ALSO AVAILABLE UP TO 100% OF PROJECT COSTS!!!
Thank you,
Scott Walter
248.453.5336 - Office
248.659.1630 - Fax
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