30 Year Fully Fixed – New Loan Program!

[Shane Baganz]

Fico – 630 +

Loan Terms – Up to 30 years and fully fixed!

Loan Size – $45K – no max loan amount!

Max LTV – 75% domestic borrowers, 70% foreign nationals.

Debt Service Ratio – 1.3

Interest Rate – 6.50%-8.85%

Property Types – Only 1-4 unit investment properties. Property must be on less that 2 acres of land.

Pre-Payment Penalty – 5% for fixed period which is 5 years, then step down, 5%, 4%, 3%, 2%, 1%

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

Asset verification – 2 months seasoning on assets (bank statements) and 12 months seasoning on properties.

Lending Territory – Nationwide besides MT, NV, ID, AZ, HI, ND, SD, AR, NY, VT & ME. No population requirements!

Minimum Property Size – 700 square feet

Lender Fee – 2% of loan amount or $3,500 min.

Closing Time Frame – 30 business days

Appraisal Cost – $450-$600 per property

Special – All loans must close in a corporate entity. Can be used as a portfolio/blanket loan as long as all properties are in the same state. Secondary financing is not permitted.

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