Wednesday, October 13, 2010

Foreign Naitonal Loans, No Green Card

Program # 1

Territory   Florida
                  Nationwide
Amount    $200K Minimum  (Florida)
                $500k Minimum   (Nationwide)
LTV          65%
INT           12%
PTS         
TRM         12 months to 30 years
PPP          12 month guarantee

Will do No Doc Loans

Program # 2

Territory   CT, DE, FL, MA, NH, NJ, NY, PA, RI
AMNT      $200k - $5M  (Residential Only)
LTV          Citizen     50 - 60%      No Green Card   40 - 50%
INT           7.55 - 8,75%
PTS          2 - 4
TRM         2 - 5 years
PPP         None
CRDT      600

No Condos
Stated Loans, Not Hard Money.  LTV and FICO Driven
No Income Verification, No Asset, No 1040, No W - 2

To Qualify:   1003, Credit Report, Appraisal paid at door
                       VOE with loans over $2M

Program # 3

TRTY       Nationwide
AMNT      $150k - $15M
LTV          50%
INT           8 - 10%
PTS          4
TRM         3 years
PPP          None

Blanket Mortgages Allowed
Appraisal for each property required

Program # 4

TRTY       AZ, CA, FL
AMNT      $100k - $2.5M
LTV          70%  Commercial
                 60%  Residential
INT           8 - 13%
PTS          2 - 4
TRM         1 - 15 years
PPP          No
CRDT      Better credit gets better LTV

Program # 5

Territory   AK, CA, CO, HI, ID, NV, OR, TX, UT, WA
Amount    $100 - $3M
LTV          60 - 70%
INT           10 - 12%
PTS          3 - 4
Term        12 - 60 months
PPP          No
Credit       600

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