Updated over 10 years ago on . Most recent reply
70% & Stated Income Loans - April Special
Business Purpose Special
- Minimum FICO 550
- All Mortgages must be current at time of submission!
- No open BK’s
- 100% No income stated or verified (leave blank on application)
- Par or 1 Point options available with Pre Pay Protection
- No Pre Pay options will be given to every borrower
- Residential O/O & N/O/O – Business purpose only (AZ, CA, CO, OR, UT, WA & TX)
- Multi-Family, Mixed use, Office & Retail (AZ, CA, CO, OR, UT, WA & TX)
- Loan amounts from $100,000 to $1,000,000 (call for pricing if out of this range)
- Non Fannie / Freddie approved condos – OK
- Purchase 70% MAX – Refinance 65% MAX
- Must be in major metropolitan area.
o If Rural or Commuter, call for pricing!
- Property must show “pride of ownership”!!
o If Rehab or Finish Construction, call for pricing!
No “High Vacancy” factors on Commercial Properties. If property has high vacancy factor, call for pricing.
To Submit a Loan for a 4 Hour Approval:
1. Fill out submission form
2. Email the following
a. Sub form completely filled out
b. 1003 completely filled out
c. Credit report
d. Accepted purchase agreement (if a purchase)
3. You will get an approval in 4 hours or less
Promotion expires 4/17/15!!!
MUST EXECUTE 5 DAYS AFTER APPROVAL IS ISSUED or lose special pricing!!!
Offering