We buy short sales anywhere in the U.S.-Do you know someone ready to sell? - Real Estate Finance2024-03-28T15:27:25Zhttps://realestatefinance.ning.com/forum/topics/we-buy-short-sales-anywhere-in-the-u-s-do-you-know-someone-ready?commentId=6517464%3AComment%3A110603&x=1&feed=yes&xn_auth=noHI William,
We have the belo…tag:realestatefinance.ning.com,2013-09-04:6517464:Comment:1106032013-09-04T00:24:19.791ZGrischa Denmarkhttps://realestatefinance.ning.com/profile/GrischaDenmark
<p>HI William,</p>
<p> We have the below program if it will help you with your purchases.</p>
<p><b>Light Doc Residential & Commercial Investment Property Loans, No Taxes Required!!!!</b></p>
<p>The max loan amount to one borrower is 2.5mm, fixed for 3 years after 3 years it will switch to adjustable. There are no tax returns required and the properties can be vacant. If you are interested please feel free to contact me. The only documents I need is a 1003, rent roll or lease if the…</p>
<p>HI William,</p>
<p> We have the below program if it will help you with your purchases.</p>
<p><b>Light Doc Residential & Commercial Investment Property Loans, No Taxes Required!!!!</b></p>
<p>The max loan amount to one borrower is 2.5mm, fixed for 3 years after 3 years it will switch to adjustable. There are no tax returns required and the properties can be vacant. If you are interested please feel free to contact me. The only documents I need is a 1003, rent roll or lease if the property is occupied and I will need to pull credit. This program is for single family detached up to 4 units no condos. We can also fund commercial properties as well under this program. There is no maximum amount of homes you can own as long as you don't go over 2.5mm. <br/><br/>Max Loan: <br/>$1,000,000 <br/>Min Loan: <br/>$150,000 <br/>Max LTV: <br/>70% <br/>State Rate: <br/>7.99 % (Rates adjust daily) <br/>Margin: <br/>4% <br/>Min FICO: <br/>650<br/>Prepay Premium <br/>3% for fixed years</p>
<p>Below is some more information on the residential investment program, we can also fund commercial on this program as well. </p>
<p>Transaction Type……………………Purchase, Refinance & Cash-out Refinance<br/>Loan Amounts..…………………….$150,000 to $1,500,000<br/>Amortization/Term………………...30 year fully amortizing / 30 year loan (other amortization options available)<br/>Index………………………...…………WSJ Prime | Margin: 4%<br/>Rate Caps………………………..……2% first adjustment then 1% periodic | 2% annual - 6% life over start rate<br/>Prepayment Penalty…………………5%for each year loan is fixed. - Example: 3yr fixed = 5%, 5%, 5%<br/>Multifamily < 5 Units: 3% for each year fixed<br/>Prepayment Buy Down……………1 year buy down add 1.00% to start rate (max buy down = 1 year)<br/>Rate Buy down………………..……1pt fee =.50% rate reduction (max 1%) | Min. Rate: 7.99%<br/>DCR Requirements…………..……1.20x</p>
<p><br/>Not Offered In The Following States <br/><br/>Alaska Illinois <br/>Minnesota Michigan <br/>New Hampshire North Dakota <br/>Oregon South Dakota <br/>Utah Tennessee <br/>Vermont</p>
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