Group Admins
– Revenue is stated and not verified. – Purchase, fee and time period, or cash out refinance. Undocumented aliens with ITIN numbers aren’t allowed beneath this program. – Documented skill to repay could also be relevant beneath certain scenarios. – US residents, permanent resident aliens, hard money loans sacramento and overseas nationals with valid passport and US visa are allowed. – $5,000,000 maximum loan amount. – 500 minimal credit score rating required. – Up to 65% loan-to-worth for money-out refinances (see guidelines). – SFR, PUDs, condos, townhouses, and 2-4 models allowed. – Proprietor-person, second dwelling or investment properties. – Mixed-use residential property with industrial influence allowed on case-by-case basis. – $100,000 minimum loan quantity. – Up to 70% mortgage-to-value for purchases and charge/time period refinances (see guidelines). – No reserves required.
– All loans require impounding of property taxes and hazard insurance coverage. – Property must be located within the State of California. – No prepayment penalty.
To obtain underwriting guidelines
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