Nationwide Blanket Program – Up to 30 year terms!

[Shane Baganz]

Here's how it works..

Fico – Recourse options: 680 fico = max 75% LTV. 670 fico = max 70% LTV. 660 fico = 65% LTV.

Non-Recourse options – Min. credit score is 620 for US citizens. LTV for Non-recourse will be based on overall credit/loan profile. All loans to foreign nationals are considered non-recourse.

Credit – Full tri-merge credit report. No Bk’s or foreclosures in past 2 yrs.

Loan Terms – 30 Years Am. 5 & 10 year fixed rate options.

Loan Size – $300k to $50M

Max LTV – Up to 75% on stabilized, leased properties (for foreign nationals & US Citizens). See details about Fico above.

Min DSCR – 1.15% ** Interest only available at 70% LTV and below, 670 score needed

Interest Rate – 5-7% for Fixed Period

Property Types – SFR, duplex, triplex, 4-unit, townhouse, MF 5-20 units.

Min Property Values – $50k for 75% LTV, $40k- $49.9k limited to 50% LTV, Multi Family $30k per unit. If min property values are under this they cannot be included into the loan.

Pre-Payment Penalty – Term: 5-year-term, Yield Maintenance or Step Down: 5-4-3-2-1 (25bps rate add on).

Term – 10-year-term, Yield Maintenance or Step Down: 9-8-7-6-5-4-3-2-1 (25bps rate add on).

Seasoning – After 90 days of ownership this program will lend off full appraised value.

Occupancy – 10 or more doors = 90%. 5-9 doors = 80%. Multi-unit properties= 85%

Use of Funds – Purchase, Refinance, Cash-Out Refinance

Territory – Nationwide Except North Dakota, South Dakota, Alaska & Hawaii

Lender Processing Fee – 0

Contact Shane here

or call 262-292-1710 for immediate answers