Saturday, October 2, 2010

100% Funding, SFR Investor Purchase

TRTY          AZ, CO, GA, ID, MD, NC, NB, NM, NV, OR, TX, UT, VA, WA, WV
AMNT         $50k - $250k
LTV           100% of purchase to 70% ARV (Only lends on SFR)
INT            15%
PTS           5.5
TRM          6 months (ext of 2 months for 2 points)
PPP           No
CRDT        620 (under 620 is 18% and 1 point)
                                   EXAMPLE    $150,000 ARV
                                                     - $20,000 Rehab
                                                     = $130,000 Sub Total
                                                     x 70% Loan Calculation
                                                     = $91,000 Loan Amount
                                                     + 5,000 Points
                                                     = $96,000 Total Loan Amount

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