CRITERIA

LOAN DETAILS

CREDIT

As low as 620

DOWN PAYMENT

20% - 30%

OCCUPANCY

Investment Only

 TERMS

12-24 Months initial term. IO (interest Only) or ARM

TRANSACTIONS

Purchase, Refinance Rate & Term, or Refinance Cash-Out

ELIGIBLE PROPERTIES

SFR, Condos, and 1-4 Units

MINIMUM LOAN AMOUNT

$100k

MAXIMUM LOAN AMOUNT

$2.5 Million

MAXIMUM LOAN TO COST

Up to 90% of the Purchise Price

MAXIMUM ARV

Up to 75%

LTV

APPRAISAL REQUIRED

Yes

BANK STATEMENTS

6, 12, or 24 Month Bank Statement

CLOSING TIME

30 DAYS

EMPLOYMENT

No Tax Returns Required

RESERVES

6 Months

PRE-PAYMENT PENALTY

None

HOUSING HISTORY

IRS Tax liens must be cleared prior to closing. No financial crime history

GIFT FUNDS

Allowed for down payment or closing

ELIGIBLE BORROWERS

Not Required

BANKRUPTCY

Must be over 2 Years old

FORECLOSURE

Must be over 2 Years old

VESTING

LLC, Partnership, Corporation, Trust, or Individual

REAL ESTATE PORTFOLIO EXPERIENCE

Required

NOTES

Rehab Budget Required