Real Estate Loans: Home Loans
Solid borrowers required, not intended for non-owner occupied homes. Construction to permanent loans available. Cash-out to recoup 80% of cash invested ok (not for cash flow problems).
Region: Western United States
Minimum: $500,000
Maximum: $28,000,000
Rate: 4.75% to 7.75%
Points: 2% to 4%
Pre-Payment: No
Term: 5-years Fixed
Amortization: 30-Year
Interest Reserves: TBD
LTC/LTV: 65%
Owner Occupied: Yes
Spec Homes: No
Full Doc.: Yes
Cash-Out: Yes
Apply:
- Personal financial statement (1003) (PDF Download) (Excel Download)
- Tax returns, three years.
- Use of Proceeds if cash-out
- Construction Only - Budget TOTAL-COMPLETED-REMAINING