Loan For Foreign Nationals...

Good Morning!

Did you know we have a loan program for Foreign Nationals?

A Foreign National is someone who is neither a US Citizen, or a permanent resident.

Here are some aspects of the Foreign National program...

70% LTV for Second homes & Investment Properties Purchases ( 1 year full doc or asset depletion)

65% LTV Cash out transactions

If no US credit, minimum credit score is waived

Max loan amount is 5 million

Cash out okay for reserves

65%  LTV for our Investor No ratio, rental income not required  

Eligible properties: SFR, 1-6 unit, warrantable/non-warrantable condos, & mixed use

5 yr, 7 yr, and 30 yr fixed terms with 10 year interest only payment option

That's it for today!

Have a great day, and thanks for reading!

Get Pre Approved For A Loan Here

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Here's A Stated Income Loan For Investors...

Good Morning!

Did you know we provide NO Ratio loans for investment loans?

On this loan we verify the assets to close, but NO INCOME VERIFICATION.

Loan to value ratios up to 80%.

Easy, and pretty cool!

Follow up with me if you are interested in this.

That's it for today!

Thanks for reading!

Get Pre Approved For A Loan Here
My Previous Blog

How To Roll Minor Repairs Into Purchase Contract...



Good Morning!

I want to show you how to roll repairs into a purchase price.

I touch on this subject from time to time.

If you are buying a house that needs minor repairs – but the seller refuses to do them – what do you do?

This situation happens a lot, especially on bank owned homes.

The simple answer is to use an escrow hold back. …an escrow hold back is a small amount of money that is held out of the seller’s proceeds from the sale to make the repairs.

You have to write the escrow hold back right into the contract – under special provisions. To avoid having to rewrite this clause – be specific. Your realtor will need to write – “An escrow hold back in the amount of $______ will be used for (specific) repairs.”

One key with the escrow hold back is the repairs need to be minor – and they can’t take that long to finish. …an average amount of an escrow hold back is $1,500 to $5,000.

Knowing how to solve minor repair problems on an offer – can sometimes make the difference between getting a great deal on a house, or not buying it at all.

If this situation comes up with your deal – just give me a call – I can help you out.

That’s it for today!

Have a good day today! …and thanks for reading.

Get Pre Approved For A Loan Here
My Previous Blog

Good Morning!

I want to show you how to roll repairs into a purchase price.

I touch on this subject from time to time.

If you are buying a house that needs minor repairs – but the seller refuses to do them – what do you do?

This situation happens a lot, especially on bank owned homes.