They Provide Commercial Hard Money Loans
- Earnings is acknowledged and not verified.
- Purchase, fee and time period, or money out refinance. Undocumented aliens with ITIN numbers are not allowed beneath this program.
- Documented ability to repay could also be applicable beneath sure situations.
- US residents, everlasting resident aliens, and overseas nationals with legitimate passport and US visa are allowed.
- $5,000,000 most mortgage amount.
- 500 minimum credit score score required.
- As much as 65% loan-to-value for cash-out refinances (see guidelines).
- SFR, PUDs, condos, townhouses, and 2-four models allowed.
- Proprietor-user, second house or funding properties.
- Combined-use residential property with commercial influence allowed on case-by-case basis.
- $100,000 minimum mortgage amount.
- As much as 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 situated within the State of California.
- No prepayment penalty.
To download underwriting pointers
for our hard money loans ca money mortgage program:
- Available as a 5/1 ARM or 7/1 ARM only, amortized over 30 years.
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